News about international

KUALA LUMPUR (May 20): Both the prosecution and defence in former prime minister Datuk Seri Najib Abdul Razak's 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial appeared frustrated today, as High Court judge Collin Lawrence Sequerah refused their request to have more lawyers during the proceedings.

KUALA LUMPUR (May 20): Former 1Malaysia Development Bhd (1MDB) chief executive officer (CEO) Datuk Shahrol Azral Ibrahim Halmi denied that he swept "everything under the carpet" by changing the external auditor which declined to sign off the accounts.

KUALA LUMPUR (May 19): Former Goldman Sachs Group Inc banker Roger Ng Chong Hwa, who was supposed to return to Malaysia in March in time for his criminal trial involving 1Malaysia Development Bhd (1MDB), is still in the United States as he is facing criminal charges there.

KUALA LUMPUR (May 7): The US has reached a settlement to recover more than US$49 million involving Malaysian sovereign wealth fund 1Malaysia Development Bhd (1MDB), the US Department of Justice (DoJ) said in a Reuters report today.

KUALA LUMPUR (April 28): Hotels will continue to be disallowed from operating at full capacity under the fourth phase of the Movement Control Order (MCO) starting tomorrow.

KUALA LUMPUR (April 18): China-based Xiamen GoldenHome Co Ltd is investing RM8.

KUALA LUMPUR: The government said it will establish a special cabinet committee to develop strategic measures to safeguard Malaysia’s economy and labour market impacted by Covid-19.

KUALA LUMPUR (March 31): The Malaysian International Chamber of Commerce and Industry (MICCI) says the Prihatin Rakyat Economic Stimulus Package is imbalanced between the support to employees and employers.

KUALA LUMPUR (March 27): Airbnb will provide free or subsidised housing for up to 100,000 relief workers in light of the COVID-19 pandemic, AFP reported today.

KUALA LUMPUR (March 26): Eco World International Bhd’s (EWI) net profit for the first quarter ended Jan 31 slumped by 95.