News by Ahmad Naqib Idris

E&O attributed the decline in revenue to the properties segment which registered a decrease of RM131 million and the hospitality segment which saw a RM48.1 million decline in revenue.

Lawyer Hamidi Mohd Noh, representing Ahmad Zahid, told the court that the change in status in Aiman Abdul Rahman’s MySejahtera app happened at noon today, from “low risk without symptoms” to “casual contact with symptoms”.

The ministry said all proceeds from the 1MDB asset recovery efforts, including any future settlements, are deposited into the Asset Recovery Trust Account under the custody of the Accountant-General’s Department of Malaysia. However,  these settlements will not affect or compromise Malaysia’s claims against other wrongdoers for the losses caused to 1MDB and SRC and that they will continue to be pursued through both the criminal and civil justice systems.

The statutory debt level is currently at 58% of GDP, nearing the 60% ceiling.

Datuk Seri Najib Razak’s lawyer Tania Scivetti told High Court Judge Mohamed Zaini Mazlan today that the prosecution failed to prove how the funds that were sent to Najib’s AmBank accounts are linked to the properties seized from Najib’s residence in 2018 during a raid by the police then

The initiative will see investments amounting to RM4 billion over the next five years.

His appointment follows the departure of Datuk Mohamad Nasir Ab Latif from the board of MRCB.

BNM governor Datuk Nor Shamsiah Mohd Yunus expects e-commerce activities to account for a bigger portion of Malaysia’s gross domestic product (GDP) from the 8.4% figure reported for 2019

According to its financial statements, its construction segment posted a 30% fall in net profit contribution year-on-year to RM51.57 million, while the property segment saw an 80% drop in net profit to only RM8.14 million.

Sime Darby bought into E&O about a decade ago, in 2011