KUALA LUMPUR: Former ministers from the Barisan Nasional coalition have derided Pakatan Harapan’s 10 promises in the first 100 days, saying that they were unattainable to begin with.

Former second finance minister Datuk Seri Johari Abdul Ghani told The Edge Financial Daily that Pakatan ...

‘Pakatan promises simply not practical’

KUALA LUMPUR (Aug 16): The Pakatan Harapan government’s motion for the Public Accounts Committee (PAC) and the Auditor-General to reopen investigations into 1Malaysia Development Bhd (1MDB) was approved by the Dewan Rakyat today. 

The motion, brought by Finance Minister Lim Guan En...

Motion to reopen probe into 1MDB passed by Dewan Rakyat

KUALA LUMPUR (Aug 16): Former minister in the Prime Minister's Department Datuk Seri Azalina Othman Said said the Pakatan Harapan Government will deliver its election promises "at all cost" because voters' expectation on the government is high.

Azalina told reporters at the Parliament l...

Azalina: Pakatan Harapan will deliver promises at all cost

KUALA LUMPUR: The finance ministry is expected to table a motion in the Dewan Rakyat today for the auditor-general and Public Accounts Committee (PAC) to reopen investigations into 1Malaysia Development Bhd (1MDB).

The motion calls for a detailed investigation into the “embezzlement of ...

Finance ministry wants fresh PAC probe into 1MDB

KUALA LUMPUR (Aug 15): Former prime minister Datuk Seri Najib Tun Razak said he will not object to the proposed reopening of the 1Malaysia Development Bhd (1MDB) investigation by the Public Accounts Committee (PAC) as "the truth should be known".

"I have nothing to object because we wan...

Najib says no objection to PAC reopening 1MDB probe

KUALA LUMPUR: The Sales Tax Bill 2018 was passed in the Dewan Rakyat yesterday with a resounding majority, despite arguments put up by Barisan Nasional backbenchers.

The bill, read for the third time by Finance Minister Lim Guan Eng before it was passed, forms part of the sales and serv...

Parliament passes Sales Tax Bill 2018

KUALA LUMPUR: Finance Minister Lim Guan Eng yesterday accused the previous Barisan Nasional (BN) government of stealing the goods and services tax’s (GST’s) input tax that was to be returned to manufacturers two weeks after it was collected.

The trust fund that held the input tax was ac...

Guan Eng accuses BN govt of robbing account for GST refunds

KUALA LUMPUR (Aug 7): The government would have to pay a RM4.2 billion compensation had it terminated RM31.5 billion light rail transit line 3 (LRT3)'s project delivery partner (PDP) MRCB-George Kent Sdn Bhd's contract, said Finance Minister Lim Guan Eng.

In a parliamentary reply to Kep...

Terminating MRCB-George Kent as LRT3 PDP would have cost govt RM4.2b, says Lim

KUALA LUMPUR: Former prime minister Datuk Seri Najib Razak has denied knowledge of a letter written to the US Central Intelligence Agency (CIA) seeking the US’ support for his administration in the 14th general election (GE14).

However, he added it is bad precedent to leak information c...

Najib ‘not aware’ of letter to CIA

KUALA LUMPUR: It will no longer be “business as usual” for the expansion of airports in the country as the government looks to new financing models to cut cost, said Transport Minister Anthony Loke. And one thing for sure is that no airline will be allowed to monopolise the airports.

“A...

No more ‘business as usual’ in airport expansion financing model

In today’s edition of Evening 5: 00:00 Ant International to set up new business centre, create over 500 jobs 01:34 Axiata and India’s Bharti Airtel to combine Sri Lankan ops 02:58 RHB sees more opportunities in sustainable finance 04:39 ACE Market-bound Sin-Kung expects demand for trucking to hold 05:46 Ex-political aide Farhash ceases to be HeiTech Padu substantial shareholder

EVENING 5: Ant International to set up new business centre, creating over 500 jobs

EVENING 5: Five things you need to know today

With 94% of Malaysian companies gearing up for an artificial intelligence (AI) driven future, National Technology and Innovation Sandbox (NTIS) together with NVIDIA has launched an AI pilot sandbox programme.

MOHE estimates 13,000 new AI talents by 2026

Financial firms that offer services to customers in Britain directly from overseas without a base in the country must have executives that spend an "appropriate" amount of time on UK soil, the Financial Conduct Authority (FCA) said on Thursday.

UK says bosses of overseas finance firms must spend time in Britain

Indonesia discouraged its state-owned enterprises from making huge dollar purchases, showing the all-hands-on-deck approach that the nation has taken to support the rupiah.

State-run firms with large import requirements or foreign currency-denominated debt must avoid buying large amounts of US dollars while the rupiah is under pressure, Coordinating Minister for Economic Affairs Airlangga Hartarto said in a briefing on Thursday.

Indonesia tells state firms to refrain from buying dollars

Kimlun Corporation Bhd has bagged a construction contract worth RM150 million for a serviced apartment development project in Johor Bahru.

In a bourse filing on Thursday, Kimlun said its wholly-owned subsidiary Kimlun Sdn Bhd received the award as the main contractor for the Aliva Mount Austin residential project from Astaka Development Sdn Bhd, a subsidiary of Singapore-listed Astaka Holdings Limited.

Kimlun bags RM150 mil contract for residential construction project in Johor

Parti Bersatu Sabah (PBS) and Parti Solidariti Tanah Airku (STAR) on Thursday signed a memorandum of understanding (MOU) aimed at, among other things, further strengthening the Gabungan Rakyat Sabah (GRS) coalition.

Leading parties ink MOU to strengthen Gabungan Rakyat Sabah ahead of polls

High-impact projects such as the Johor-Singapore Special Economic Zone (JS-SEZ) and Special Financial Zone (SFZ) in Forest City can spur Johor’s economy to outpace that of other states in the next one to two years, said Prime Minister Datuk Seri Anwar Ibrahim.

Special economic, financial zones can help Johor surpass other states economically, says Anwar

Chinese technology giant Huawei started selling two models of its highly anticipated, high-end Pura 70 smartphone series on Thursday that many analysts expect to contain an advanced China-made chip like its Mate 60 handset.

The Pura series developed by the Shenzhen-headquartered company has advanced cameras and is known for its sleek design, while the Mate series emphasises performance and business features.

Huawei starts sales of new Pura 70 smartphone to crowds amid chip scrutiny

(April 18): The world of chocolate is facing such immense cocoa shortages that the wild trading lured an unlikely player — Pierre Andurand, a hedge-fund manager best known for his bets on oil.

Why the world of chocolate is in crisis

The Malaysian aviation industry may be badly impacted on passenger traffic and spikes in jet fuel prices if a full-blown war results from escalating geopolitical tensions in the Middle East, according to Maybank Investment Bank Research (Maybank IB).

Malaysia's aviation industry at risk amid full-blown crisis in Middle East — Maybank IB

Several Malaysia Airlines and AirAsia flights between Sabah, Sarawak, and Kuala Lumpur International Airport (KLIA) were cancelled on Thursday due to volcanic eruption at Mount Ruang, Indonesia.

Malaysia Airlines, AirAsia and Batik Air cancel flights to Sabah, Sarawak after volcano eruption in Indonesia

The Federal Court on Thursday dismissed an appeal by the Petaling Jaya City Council (MBPJ) over the Court of Appeal’s decision last year that decided that non-paying members in a residential area (RA) could raise the boom gates at the entrance to the housing area themselves without the security guards' assistance.

Federal Court dismisses MBPJ’s appeal on residents' boom gate operation

Gold prices may correct amid potential delay in the anticipated rate cuts by the US Federal Reserve, Philip Capital warned on Thursday and advised investors to stop buying Malaysia’s sole gold exchange-traded fund (ETF).

Stop buying gold ETF as prices may correct — Philip Capital

The race for the “world’s best airport” crown has been a two-horse affair in recent years, with Doha’s Hamad International and Singapore Changi leading the pack.

Singapore loses ‘world’s best airport’ crown to Qatar

Sin-Kung Logistics Bhd has started taking orders from investors for its initial public offering (IPO) that may raise up to RM39.5 million ahead of its listing on Bursa Malaysia’s ACE Market.

Sin-Kung Logistics launches ACE Market IPO to raise RM39.5 mil

Feytech Holdings Berhad (Feytech) has entered into an underwriting agreement with TA Securities Holdings Berhad and AmInvestment Bank Berhad (joint underwriters) for the company’s Initial Public Offering (IPO) on the Main Market of Bursa Malaysia Securities Berhad.

Feytech inks underwriting agreement with TA Securities, AmInvestment en route to Main Market IPO  

Datuk Farhash Wafa Salvador, former political aide to Prime Minister Datuk Seri Anwar Ibrahim, has ceased to be a substantial shareholder of HeiTech Padu Bhd, just one month after acquiring a 15.9% stake via a private vehicle in the company.

Amid controversy over govt contracts, Farhash ceases to be HeiTech Padu substantial shareholder after one month

Apple Inc chief executive officer Tim Cook will meet Singapore’s leader at the tail end of his most extensive Southeast Asia tour in years, searching for new growth markets and manufacturing locations to offset headwinds in China.

Apple CEO to meet Singapore leader to wrap whirlwind Asia tour

KUALA LUMPUR (April 18): Food and supplement company OB Holdings Bhd said on Thursday that it has secured approval from Bursa Malaysia for an initial public offering (IPO) on the bourse’s ACE Market, to raise funds for expansion.

OB Holdings gets approval for ACE Market IPO, targets listing in 4Q

Elon Musk said some of the severance packages sent to former Tesla Inc employees as part of its biggest-ever workforce reduction were too low.

Musk apologises for ‘incorrectly low’ Tesla severance packages

KUALA LUMPUR (April 18): Smart Asia Chemical Bhd has signed an underwriting agreement with Mercury Securities Sdn Bhd for the company’s initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Bhd.

Smart Asia Chemical inks underwriting agreement with Mercury Securities en route to ACE Market IPO

Malaysia Building Society Bhd (MBSB) has recommended a final dividend of 3.5 sen for the financial year ended Dec 31, 2023 (FY2023).

This would equate to a payout of RM287.78 million, based on the bank’s share base of 8.22 billion shares as at end-December 2023, according to MBSB’s bourse filing on Thursday.

MBSB proposes 3.5 sen dividend for FY2023

Axiata Group Bhd, Malaysia’s largest telecommunications company by revenue, and India’s Bharti Airtel Ltd signed a definitive agreement on Thursday to combine their Sri Lankan operations.

Malaysia’s Axiata, Bharti Airtel of India to combine Sri Lankan ops

When Iraq fired dozens of Scud missiles on Israel in early 1991, the US implored then prime minister Yitzhak Shamir not to respond. Shamir said he had to act. After days of late-night calls, high-level visits and long Cabinet meetings, Israel stood down and the US led a 42-nation alliance that defeated Iraq in what became the Gulf War.

Israel caught between hitting Iran and heeding allies

Bursa Malaysia Bhd’s wholly-owned Bursa Carbon Exchange (BCX) will hold its inaugural auction of renewable energy certificates (RECs) on June 25 to support Malaysia’s energy transition plans and corporates’ net-zero aspirations.

Bursa to hold auction of maiden RE certificates on June 25

Bursa Malaysia turned mixed at the midday break on Thursday with the key index ending the morning session in positive territory, in tandem with regional markets, said a dealer.&nbsp;

Bursa mixed at midday break, key index up

The Malaysian Bar argued in court that its challenge against Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi's conditional discharge is not academic as it may determine the fate of the Yayasan Akalbudi graft case.

Malaysian Bar: Legal challenge against AG's decision to drop charges against Zahid is not academic

Digital payment and financial technology provider Ant International is going to establish what it calls a new digital business centre in Malaysia, creating more than 500 job opportunities in the first year, with more hirings in the next four years until 2028.

Ant International to set up new business centre in Malaysia, creating over 500 jobs

Bursa Malaysia continued its upbeat momentum to end higher for the second straight day on Thursday, due to an improvement in sentiment and a resurgence in bargain-hunting following the recent downturn, said an analyst.

Sangeetha Amarthalingam & Neily Syafiqah Eusoff

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Sangeetha Amarthalingam & Neily Syafiqah Eusoff

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