news

BNM: Malaysia GDP contracted 17.1% in 2Q20, worst decline since 4Q98

Chief Statistician of Malaysia Datuk Seri Dr Mohd Uzir Mahidin: The sharp decline in GDP for this quarter was due to the three phases of the MCO and CMCO (Conditional Movement Control Order) implemented to curb the spread of Covid-19 in Malaysia. The capacity constraints due to the restriction imposed during the lockdown had affected growth in the services, manufacturing and construction sectors.

READ MORE
news

Ambrin: Instructions to amend 1MDB audit report came from Ali Hamsa

During cross-examination today, defence counsel Datuk N Sivananthan, who is representing 1MDB's former president Arul Kanda Kandasamy, asserted that although there were suggestions and requests to drop certain parts of the audit report, the ultimate decision on removing and/or tampering with the report was still the onus of Ambrin.

However, Ambrin defended that since the order came from the government, he felt the pressure to comply with the requests.

READ MORE