News about international

  The Penang government is unaware of two proposals to develop a new airport in Seberang Perai, which may pose a threat to the current Penang International Airport (PIA) in Bayan Lepas.

  KUALA LUMPUR (June 10): The 38th prosecution witness, former Retirement Fund (Incorporated) (KWAP) chief executive officer Datuk Azian Mohd Noh, will continue to be cross-examined by lawyers representing Datuk Seri Najib Razak as his SRC International Sdn Bhd trial enters its 21st day today.

KUALA LUMPUR (June 10): Using private money to fund public infrastructure like airports is not a good idea, says the International Air Transport Association (IATA).

KUALA LUMPUR (June 4): Bintai Kinden Corp Bhd has bagged a RM20.

KUALA LUMPUR (May 30): Attorney General Tommy Thomas said today the UK High Court emphasised that it remains ready to proceed with 1Malaysia Development Bhd (1MDB) and Minister of Finance Inc's (MOF Inc) challenge against the consent award to International Petroleum Investment Co (IPIC) after having regard to the circumstances.

KUALA LUMPUR (May 30): Retirement Fund Inc's (KWAP) investment panel, the body that has the final say on whether to approve a loan to a third party using the fund's money or not, was not "compelled" to act in accordance to the government's intent to lend money to SRC International Sdn Bhd, the High Court was told yesterday.

KUALA LUMPUR (May 28): Kumpulan Wang Persaraan (Diperbadankan) (KWAP) former chief executive officer Datuk Azian Mohd Noh (pictured) told the High Court here of her meeting with Datuk Seri Najib Razak's principal private secretary, the late Datuk Azlin Alias, at a hotel in KL Sentral sometime in June 2011 regarding the loan sought by SRC International Sdn Bhd.

KUALA LUMPUR (May 28): The Employees Provident Fund (EPF) has confirmed the fund's purchase of Sports Direct International Plc's headquarters (HQ) in the UK for £120 million, or approximately RM636.

KUALA LUMPUR (May 28): Ihsan Perdana Sdn Bhd (IPSB) managing director Datuk Dr Shamsul Anwar Sulaiman (pictured) said he was only following orders when the company's Affin Bank account was used as a transit account to transfer money to a company known as Mail Global Resources.

  KUALA LUMPUR (May 28): The Datuk Seri Najib Razak RM42 million SRC International Sdn Bhd trial continues today after a week of non-proceedings with his lawyers to continue cross-examining Datuk Dr Shamsul Anwar Sulaiman.