Putrajaya not planning to impose windfall profit tax, says Guan Eng
KUALA LUMPUR (Nov 27): The Federal Government is not planning to impose any tax on windfall profit, Finance Minister Lim Guan Eng said.
Genting Malaysia sues Disney over Fox World theme park
For pulling out of an agreement to sponsor a Fox World theme park at Genting’s resort, Genting Malaysia Bhd is suing Walt Disney Co.
‘You are like an ostrich burying its head in the sand’
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”.
Bank Rakyat chairman Shukry sacked
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.
Lower revenue, higher forex loss drag IJM Corp's 2Q net profit down 80.81%
KUALA LUMPUR (Nov 26): IJM Corp Bhd's net profit plunged 80.
PDRM will investigate 1MDB audit report tampering
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.
Airbnb to collect and remit tourist tax on behalf of host and guest
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.
Malaysia is Airbnb's fastest growing market in SEA
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.
Jho Low attended 1MDB board meeting as Prince Turki’s representative — Najib’s lawyer
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.
A-G confirms 1MDB report altered
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.
