News about Malaysia

  KUALA LUMPUR (Aug 13): After the aggressive interest rate cuts last week by a handful of Asian central banks that surprised the markets, there is strong expectation that more countries will follow suit in the coming months.

PETALING JAYA (Aug 9): China’s recent economic slowdown has not seemed to curtail its citizens from holidaying abroad, and Malaysia has been one of the beneficiairies of it.

KUALA LUMPUR (Aug 9): 17 current and former Goldman Sachs directors belonging to three of its subsidiaries have been slapped with criminal charges over their handling of the 1 Malaysia Development Bhd (1MDB) scandal, with the government seeking custodial sentences.

Q: Which are the main parts of a condominium that must undergo regular checks? There are mandated periodic inspections stipulated by various authorities after the first and/or second year of Vacant Possession.

KUALA LUMPUR (Aug 9): Berjaya Land Bhd (BLand) has redesignated its executive director (ED) Syed Ali Shahul Hameed as the company’s chief executive officer (CEO) effective yesterday.

KUALA LUMPUR (Aug 8): RHB Banking Group is partnering Malaysian Retail Chain Association (MRCA) to support more than 400 leading retail chain store operators, franchisers as well as small and medium enterprises (SMEs) through the Malaysia International Retail & Franchise Exhibition 2019 (MIRF).

KUALA LUMPUR: EITA Resources Bhd’s contract to supply lifts and escalators for the light rail transit Line 3 (LRT3) project has been revised, with the contract sum cut by a whopping 65.

KUALA LUMPUR (Aug 8): Datuk Seri Ahmad Husni Hanadzlah told the High Court here today that he did not tell the complete truth on his resignation as second finance minister in June 2016 because he wanted "to cover" the then prime minister (PM) Datuk Seri Najib Razak amid concerns on how 1Malaysia Development Bhd (1MDB) and former 1MDB subsidiary SRC International Sdn Bhd were managed.

KUALA LUMPUR (Aug 6): Department store operator Parkson Corp Sdn Bhd, which shut its 20-year-old store in Suria KLCC earlier this year, has shut another store — the Parkson M Square Mall in Puchong, Selangor.

KUALA LUMPUR (Aug 6): Malaysia Steel Works (KL) Bhd's (Masteel) standalone credit profile remains vulnerable to fluctuations in steel price, fluctuating cost of raw materials and increased competitive pressures in the Malaysian market, according to Malaysian Rating Corp Bhd (MARC).