News about TM

KUALA LUMPUR (Oct 1): In his testimony yesterday, former 1Malaysia Development Bhd (1MDB) CEO Datuk Shahrol Azral Ibrahim Halmi told the court of several occasions whereby approvals for the ventures of the troubled state investment fund were fast tracked, obtaining approvals within a matter of days.

  KUALA LUMPUR (Sept 30): Former 1Malaysia Development Bhd (1MDB) CEO Datuk Shahrol Azral Ibrahim Halmi told the High Court today he was not aware Aabar Investment PJS Ltd (Aabar BVI), the company which 1MDB paid US$576.

KUALA LUMPUR (Sept 27): An independent body should be established to probe “contractors who tender for projects in order to stem corruption in public procurement”, Public Works Department (JKR) director Kamaluddin Abdul Rashid said, reported Free Malaysia Today.

KUALA LUMPUR (Sept 26): Datuk Seri Najib Razak’s senior counsel said that the suspension of the RM5 billion Islamic medium term notes (IMTN) issuance would have negatively impacted Malaysia’s ratings, which was why the former premier had decided to go on with the issuance.

KUALA LUMPUR (Sept 25): Hong Leong Investment Bank Bhd says Malaysia's Budget 2020 may include a RM4 billion contingency plan to cushion the nation's economic growth from the prolonged US-China trade tension.

KUALA LUMPUR (Sept 25): Former Terengganu Investment Authority Bhd (TIA) and 1Malaysia Development Bhd (1MDB) chief executive officer Datuk Shahrol Azral Ibrahim Halmi (pictured) said 1MDB was exempted from being audited by the National Audit Department, as it presented a political risk to former prime minister Datuk Seri Najib Razak.

SEPANG (Sept 24): IOI Properties Group Bhd saw keen interest from prospective buyers for its Alanis serviced apartment project at Warisan Puteri township in Kota Warisan, Sepang, Selangor.

KUALA LUMPUR (Sept 24): The Ministry of Finance (MoF) was said to have been pressured into issuing the government guarantee for the RM5 billion Islamic medium term notes (IMTN), in order to meet a tight one-month deadline set by fugitive businessman Low Taek Jho, according to the testimony by Datuk Shahrol Azral Ibrahim Halmi, the ninth prosecution witness in the 1Malaysia Development Bhd (1MDB)-Tanore trial, at the High Court yesterday.

KUALA LUMPUR (Sept 23): Federal Territories Minister Khalid Abdul Samad has “defended” the price being offered as compensation to Kampung Baru landowners in the redevelopment of Kampung Baru.

PETALING JAYA (Sept 21): The Malaysian Meteorological Department said the haze situation in the country should improve next week when the monsoon transition phase begins.