News about Malaysia

LONDON (March 9): Britain's biggest retailer Tesco said on Monday that it agreed to sell its businesses in Thailand and Malaysia to Charoen Pokphand Group for an enterprise value of US$10.

KUALA LUMPUR (March 7): Investor hopes have dimmed over Meridian Bhd “while its recent financial footing is raising a red flag”, reported The Edge Malaysia this week.

KUALA LUMPUR (March 6): The National Patriots Association (Patriot), which represents veteran armies in Malaysia, said the numbers and identities of members of Parliament who support either Perikatan Nasional or Pakatan Harapan must be revealed.

KUALA LUMPUR (March 6): The US Department of Justice (DOJ) has delayed returning to Malaysia another US$240 million (about RM1 billion) of recovered money allegedly stolen from the 1MDB sovereign fund, two sources told Reuters today.

KUALA LUMPUR (March 6): CIMB Bank Bhd and CIMB Islamic Bank Bhd are reducing their base rate and fixed deposit rate/fixed return income account-i board rates by 25 basis points, in line with the overnight policy rate cut announced by Bank Negara Malaysia on Tuesday.

PETALING JAYA:  What’s the point of having facilities that are wasting away and no longer able to serve their full purpose? Outdoor recreational spaces for the community, especially children and youths, are aimed at promoting a healthy lifestyle and even to nurture sports talent, hence it would be a shame if such facilities become eyesores instead.

KUALA LUMPUR (March 5): Pakatan Harapan has expressed its continued support for Selangor PKR chief Datuk Seri Amirudin Shari (pictured) as the state’s menteri besar.

KUALA LUMPUR (March 5): Umno treasurer Datuk Seri Tengku Adnan Tengku Mansor (pictured) has denied the prosecution’s claims that he had forged a receipt to disguise the RM2 million bribe he allegedly received from a property developer as a political donation to his party.

KUALA LUMPUR (March 5): US-based Semiconductor Equipment & Materials International (SEMI) is postponing SEMICON Southeast Asia 2020, the region’s premier event for the global electronics manufacturing supply chain, from May 12-14, 2020 to Aug 11-13, 2020.

KUALA LUMPUR (March 5): Forbes Asia said the wealth of Malaysia’s 50 richest on the 2020 Forbes Malaysia Rich List fell for the second consecutive year amid a weaker ringgit and the decline in the FBM KLCI.