News about Malaysia

KUALA LUMPUR (May 16): The Malaysian Investment Development Authority (Mida) has established a dedicated team to promote the development of industrial parks, infrastructure, logistics hub and transit-oriented developments along the East Coast Rail Link (ECRL) project.

KUALA LUMPUR (May 16): Ihsan Perdana Sdn Bhd managing director Datuk Dr Shamsul Anwar Sulaiman (pictured) told the court that he did not know the RM42 million cash transfers made by the company between Dec 26, 2014 and Feb 10, 2015 went into former premier Datuk Seri Najib Razak's accounts.

  PUTRAJAYA (May 10): Prime Minister Tun Dr Mahathir Mohamad has introduced a new economic model which advocates shared prosperity, with a target to provide a “decent standard of living for all Malaysians” by 2030 regardless of economic class, race and geographic location.

  KUALA LUMPUR (May 9): Maybank KL Main branch assistant manager Halijah Abdul Wahab will today be cross-examined by Datuk Seri Najib Razak's lead counsel Tan Sri Muhammad Shafee Abdullah on the 16th day of the SRC International trial.

KUALA LUMPUR (May 8): The government and the police have filed a civil forfeiture suit against former premier Datuk Seri Najib Razak, his wife Datin Seri Rosmah Mansor and several others in relation to jewellery, cash, handbags and luxury vehicles said to have been bought using 1 Malaysia Development Bhd (1MDB) funds.

  PETALING JAYA (May 8): Perbadanan PR1MA Malaysia (PR1MA) said it is currently undertaking a transformation exercise to better fulfil its mandate and adapt to market conditions.

KUALA LUMPUR (May 8): Malaysia has thus far recovered US$322 million — equivalent to about RM1.

KUALA LUMPUR (May 7): Malaysia has topped the list as the most property-obsessed country in Southeast Asia.

KUALA LUMPUR (May 7): Bank Negara Malaysia (BNM) has reduced its key interest rate to 3%, marking the first time it has revised the rate in more than a year.

  KUALA LUMPUR (May 7): Datuk Seri Najib Razak's SRC trial will start a little later today as the former premier will have to travel to the Court of Appeal in Putrajaya to know the outcome of his appeal to remove former Federal Court judge Datuk Gopal Sri Ram as a prosecutor in his 1Malaysia Development Bhd (1MDB)  case.