KUALA LUMPUR: Pakatan Harapan lawmaker Lim Lip Eng wants former transport minister Datuk Seri Liow Tiong Lai to explain why the ministry issued the contract for the vehicle entry permit (VEP) system in Johor on a direct award basis in 2015.

The contract should have been awarded via open...

Liow asked to explain direct award of Johor vehicle entry permit project

KUALA LUMPUR (Dec 6): Pakatan Harapan lawmaker Lim Lip Eng wants former Transport Minister Datuk Seri Liow Tiong Lai to explain as to why the ministry issued the contract for the Johor-Singapore Vehicle Entry Permit (VEP) system on a direct award basis in 2015.

The contract should have ...

Liow asked to explain direct award of JB-S'pore vehicle entry project

KUALA LUMPUR: Former Lembaga Tabung Haji chairman Datuk Seri Abdul Azeez Abdul Rahim has described police reports lodged against him by the pilgrims’ fund as “malicious” and meant to “humiliate” him.

Speaking to reporters outside Dewan Rakyat yesterday, Abdul Azeez said Tabung Haji coul...

Abdul Azeez: Tabung Haji’s police reports meant to humiliate me

KUALA LUMPUR (Dec 3): Former Lembaga Tabung Haji chairman Datuk Seri Abdul Azeez Abdul Rahim has described police reports lodged against him by the pilgrims' fund as "malicious" and meant to "humiliate" him. 

Speaking to reporters outside the Dewan Rakyat today, Azeez said Tabung H...

TH police report made to humiliate me, says former chairman Azeez

KUALA LUMPUR: Datuk Seri Tengku Adnan Tengku Mansor yesterday pleaded not guilty to receiving RM3 million in bribes from property developers over land deals during his tenure as the federal territories minister. The 67-year-old is now the third ex-cabinet minister of the previous Barisan Nasional...

Ku Nan pleads not guilty to receiving RM3m bribes

KUALA LUMPUR: Datin Seri Rosmah Mansor, the wife of former prime minister Datuk Seri Najib Razak, and her ex-aide claimed trial yesterday to soliciting and accepting bribes for allegedly helping a company secure a RM1.25 billion solar hybrid project for rural schools.

The project — awar...

Rosmah, ex-aide charged with soliciting RM212.5m

KUALA LUMPUR (Nov 15): Datuk Seri Tengku Adnan Tengku Mansor pleaded not guilty in the Sessions Court today to two counts of corruption involving the receipt of RM3 million to facilitate land deals during his tenure as the Federal Territories Minister.

He claimed trial to receiving a RM...

Tengku Adnan claims trial to receiving RM3m to facilitate land deals

KUALA LUMPUR (Nov 15): Datin Seri Rosmah Mansor has been slapped with two counts of graft today, bringing the total number of charges against her to 19.

The latest charges against the wife of former prime minister Datuk Seri Najib Razak are in relation to a solar hybrid project in rural...

Rosmah and her aide plead not guilty to receiving bribe in Sarawak solar project

KUALA LUMPUR (Nov 15): Datin Seri Rosmah Mansor, who is currently facing 17 money-laundering and tax evasion charges, has arrived at the Kuala Lumpur Court Complex to face corruption charges allegedly involving an RM1.25 billion solar hybrid project for schools in Sarawak. 

Rosmah,...

Rosmah and former aide Rizal arrive at KL Sessions Court

KUALA LUMPUR: Case management of charges against former prime minister Datuk Seri Najib Razak involving misappropriation of funds from the 1MDB state investment fund and its former unit SRC International Sdn Bhd has been set for Nov 29.

This was decided by High Court judge Mohd Nazlan M...

Najib’s two graft cases moved to High Court

MKH Oil Palm (East Kalimantan) Bhd’s initial public offering (IPO) has been oversubscribed by 8.43 times, ahead of its listing on the Bursa Malaysia Main Market on April 30.

Main Market-bound MKH Oil Palm’s IPO oversubscribed by 8.43 times

WASHINGTON (April 18): The International Monetary Fund urged Asian central banks on Thursday to focus on domestic inflation and avoid tying their policy decisions too closely to anticipated moves by the U.S. Federal Reserve.

Receding expectations for a near-term interest cut by the U.S....

IMF tells Asian central banks not to follow Fed too closely

Batik Air will suspend its operations to Istanbul, Turkiye, effective May 1, 2024, and affected passengers will be notified via email and text, said the airline operator, Malindo Airways Sdn Bhd.

Batik Air to suspend operations to Istanbul from May 1

Indonesia said fiscal and monetary policies are in sync to cushion the economy from the rising dollar, demonstrating an all-hands-on-deck approach, with the central bank signalling they’re intervening more actively to aid the rupiah.

Indonesia takes steps to shield economy from strong dollar

Some lenders to Thames Water could face losses of as much as 40% in the event that it ends up being nationalised by the UK government, according to contingency plans drawn up by officials.

Thames Water lenders face 40% losses if it’s nationalised

(April 19): Hedge funds and other international investors are sounding alarms after a profitable education company from China defaulted on its convertible bonds in March.

Hedge funds cry foul over Chinese education firm’s default

Mah Sing Group Bhd's M Oscar development in Sri Petaling has achieved an 85% Quality Assessment System in Construction (Qlassic) from the Construction Industry Development Board (CIDB). The certification was presented by CIDB Malaysia CEO Datuk Mohd Zaid Zakaria at an appreciation night for the completion of M Oscar recently.

Mah Sing's M Oscar awarded 85% Qlassic score

Cities are facing a growing number of crises that cannot be resolved by traditional means. These include the challenges of coexisting with significant cultural differences and diversity, developing the sustainability agenda and discovering the city’s role and purpose on an economic, cultural and ...

Shaping Kuala Lumpur into a creative city

Emerging Asian equities and currencies were sharply lower on Friday as reports Israel attacked Iran in an escalation of tensions in the Middle East led investors to flee to safe-haven assets, including the US dollar.

Surging dollar pressures Asian FX; South Korean won leads losses

PUTRAJAYA (April 19): Payment of fees for training or classes in esports, equestrian, swimming, motorsports and taekwondo is eligible for tax relief of up to RM1,000 from next year, said Youth and Sports Minister Hannah Yeoh.

Payment of fees for sports training eligible for tax relief from next year — Hannah

Most read this week - Stay up to date with the biggest news and latest trending topics by checking out the top 10 articles of the week. 

Most read this week

Israel launched an attack on Iranian soil on Friday, sources said, in the latest tit-for-tat exchange between the two arch foes, whose decades of shadow war has broken out into the open and threatened to drag the region deeper into conflict.

Israel attacks Iran, Reuters reports, as drones shot down over Isfahan 

Shares of Awanbiru Technology Bhd (Awantec) fell as much as 53% on Friday, prompting Bursa Malaysia to suspend the counter’s intraday short selling (IDSS).&nbsp;

Awantec shares plunge 53%, intraday short selling suspended 

Shares of Sapura Energy Bhd will be suspended from trading pending an announcement, the company said on Friday.

Trading in Sapura Energy suspended pending announcement 

PIE Industrial Bhd, whose share price extended its rally to a new all-time high on Thursday on reports that it has secured a new customer, confirmed the matter and said it is expecting the new customer to contribute an additional RM2.5 billion revenue to the group, of which RM1 billion will be recognised as early as next year.

PIE Industrial confirms bagging new client, expects additional RM2.5 bil revenue

RHB Investment Bank Bhd (RHB IB) on Friday upgraded Public Bank Bhd to “buy” from “neutral”, with a higher target price (TP) of RM4.80 (from RM4.70).

RHB upgrades Public Bank to ‘buy’, raises target price to RM4.80

The oil-rich Malaysian state of Sarawak in Borneo is aiming to transform itself into a centre for clean hydrogen energy, betting that its ability to harness an abundance of hydropower can help it defy challenges that are clouding the fuel’s prospects elsewhere.

 Sarawak aiming to transform itself into a centre for clean hydrogen energy

Malaysia's economy grew by 3.9% in the first quarter of 2024 (1Q2024), as compared to 3.0% in the previous quarter, according to Department of Statistics Malaysia (DOSM) advance gross domestic product (GDP) estimates.

Malaysia's economy grew 3.9% in 1Q2024, advance estimate shows

Asian shares and bond yields sank on Friday while safe-haven currencies, gold and crude oil jumped after reports Israel attacked Iran in a continuing series of assaults that have increased concerns of a wider Middle East conflict.

Stocks sink, oil jumps after Israeli attack on Iran

Apple said on Friday it had removed Meta Platforms' WhatsApp and Threads from its App Store in China after being ordered to do so by the Chinese government, which cited national security concerns.

Apple pulls WhatsApp, Threads from China app store after Beijing order

The Malaysian rubber glove industry has demonstrated resilience and adaptability amidst challenging global dynamics, with optimism for a rebound in 2024, with an anticipated surge to approximately 450 billion pieces by 2027 despite a downturn in 2023, according to the Malaysian Rubber Glove Manufacturers Association (Margma).

Margma optimistic of rebound in 2024, expects surge to 450 billion pieces by 2027

The escalating tensions in the Middle East have influenced market sentiment and shifted investors' emphasis to the energy, finance and plantation sectors, which helped boost the FBM KLCI higher by midday on Friday.

KLCI up 0.43% with focus on energy, plantation, financial stocks

MKH Oil Palm (East Kalimantan) Bhd’s initial public offering (IPO) has been oversubscribed by 8.43 times, ahead of its listing on the Bursa Malaysia Main Market on April 30.&nbsp;

Bursa Malaysia Bhd’s core net profit may have risen 34% in the first quarter, from a year earlier, on higher securities and derivatives trading activity when the exchange operator reports its results, Hong Leong Investment Bank said.

Bursa Malaysia 1Q earnings likely up 34% y-o-y, HLIB projects

Malaysia’s exports contracted at a slower than expected pace in March mainly due to lower foreign demand for electronics while shipments to China fell, official data Friday showed.

Malaysia’s March exports down 0.8%, imports surge 12.5%

The planned merger of Axiata Group Bhd, Malaysia’s largest telecommunications company by revenue, with India’s Bharti Airtel Ltd raises concerns as the latter's subsidiary Airtel Lanka is currently a loss-making company, analysts said.

Malaysia’s Axiata merger with Bharti Airtel of India raises earnings concern — analysts

RHB Retail Research said Inari Amertron Bhd is poised to challenge the RM3.27 resistance level once again, which would make this its fourth attempt this year.

Inari poised to challenge RM3.27 resistance, says RHB Retail Research 

The US on Thursday effectively stopped the United Nations from recognising a Palestinian state by casting a veto in the Security Council to deny the Palestinian Authority full membershipof the world body.

US stops UN from recognising a Palestinian state through membership

The amount of reserves in banking system — a key determinant for the Federal Reserve to continue shrinking its balance sheet — dropped by the most in two years as Americans paid income tax bills out of their bank accounts.

US bank reserve balances see largest drop since 2022 tax season

Melaka State Secretary Datuk Zaidi Johari died of a heart attack this morning. He was 54.

According to a statement from the Melaka Chief Minister’s Office, Zaidi breathed his last at about 8.15am at Hospital Melaka here.

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