News about Malaysia

  KUALA LUMPUR: Finance Minister Lim Guan Eng lambasted opposition members of parliament (MPs) from Barisan Nasional (BN) yesterday for refusing to face the reality that 1Malaysia Development Bhd (1MDB) is a mega scandal, calling them “an ostrich burying its head in the sand”.

KUALA LUMPUR (Nov 27): Tan Sri Shukry Mohd Salleh has been ousted as chairman of Bank Rakyat’s board with immediate effect, as he is allegedly involved in the tampering of the original audit report on 1Malaysia Development Bhd (1MDB) when he was the chief private secretary of former prime minister Datuk Seri Najib Razak.

KUALA LUMPUR (Nov 26): IJM Corp Bhd's net profit plunged 80.

KUALA LUMPUR (Nov 26): Police have launched an investigation into the alleged tampering of the Auditor-General’s 2016 report on the 1Malaysia Development Berhad (1MDB) scandal.

KUALA LUMPUR (Nov 26): Airbnb and local authorities are discussing the implementation of Voluntary Collection Agreements (VCAs) which will enable the platform to collect and remit tourist tax on behalf of its hosts and guests in Malaysia.

KUALA LUMPUR (Nov 26): Airbnb has recorded a 99% increase in guest arrivals in Malaysia to two million as at July 2018, making the country the fastest growing in Southeast Asia for the platform.

KUALA LUMPUR (Nov 26): The presence of Low Taek Jho (Jho Low) in a 1Malaysia Development Bhd (1MDB) board meeting was to represent Prince Turki Abdullah, the owner of PetroSaudi International, according to Shafee & Co, the law firm representing former prime minister Datuk Seri Najib Razak in several ongoing criminal cases.

KUALA LUMPUR (Nov 26): Auditor-General (A-G) Tan Sri Dr Madinah Mohamad has confirmed that the original audit report on 1Malaysia Development Bhd (1MDB) issued in 2016 by the National Audit Department had been altered, and that orders to tamper with the report first came from former prime minister Datuk Seri Najib Razak.

KUALA LUMPUR (Nov 26): Malaysian Resources Corp Bhd (MRCB) said it had received the settlement sum of RM1.

KUALA LUMPUR (Nov 26) : The Malaysian Institute of Accountants (MIA) said it had completed its investigation into Messrs Deloitte over the latter’s role as the former auditor of scandal-plagued fund 1Malaysia Development Bhd (1MDB).