SANDAKAN: Datuk Seri Najib Razak has hit back at Lim Guan Eng who said the former premier had no shame coming to Sandakan despite being linked with several corruption scandals.
PETALING JAYA: The government will use the repatriated US$322mil (RM1.3bil) in 1Malaysia Development Bhd assets from the US Department of Justice (DOJ) and S$50mil (RM152mil) from Singapore to repay 1MDB debts of RM51bil, said Finance Minister Lim Guan Eng.
With a multibillion-dollar settlement looming for Facebook over user privacy violations, chief operating officer Sheryl Sandberg met with US lawmakers on Capitol Hill on May 7 to discuss legislation to protect users of the social network, officials said.
PETALING JAYA: Malaysia has recovered 1MDB assets worth US$322mil (RM1.3bil) since investigation began in May last year, with the United States having returned funds of over US$57mil (RM236.5mil).
Uber co-founder and former CEO Travis Kalanick used to tell investors he liked to keep his company teetering between order and chaos.
NEW YORK: Warren Buffett said he would like his company to deploy much more than US$10bil to help companies pursue acquisitions in the next couple of years.
PETALING JAYA: Perbadanan PR1MA Malaysia (PR1MA) has reduced prices by as much as a quarter under the current Home Ownership Campaign, with many of the houses sold below launching price and even lower than market price.
KUALA LUMPUR: RHB Investment Bank Bhd expects that Bank Negara would call for a 25-basis-point cut in the overnight policy rate (OPR) by year-end to ensure the sustainability of economic growth.
KUALA LUMPUR: AWC Bhd, Chemical Company of Malaysia Bhd, Dancomech Holdings Bhd, Guan Chong Bhd and Revenue Group Bhd are the five companies in RHB Investment Bank Bhd's “Top Malaysia Small Cap Companies 20 Jewels 2019” book.
PETALING JAYA: Perlis mufti Datuk Dr Mohd Asri Zainul Abidin is prejudiced in his criticism of the Pakatan Harapan government and has little credibility to speak on the concerns of the people, says the National Patriots Association (Patriot).
Mark Zuckerberg will kick off Facebook's annual F8 conference with what are expected to be more details about his new 'privacy-focused' vision for the social network.
Facebook Inc is preparing for a record-setting fine from US regulators over privacy issues, but Wall Street shrugged at the looming penalty after the company added users and trounced profit expectations for the first quarter.
Alibaba Group Holding Ltd’s US$3bil (RM12.40bil) cloud services arm is fast becoming an important driver of its global expansion.
Facebook Inc’s shares surged in late trading after the largest social-media company posted robust quarterly sales growth and signalled it may be close to resolving a US privacy investigation, easing investor concerns about the impact of regulatory threats.
KUALA LUMPUR: Etiqa Group Insurance & Takaful's gross premium for FY ended Dec 31, 2018 increased by 17% to RM7.2bil and retained its position as the top online insurer in the country with more than 65% market share.
KUALA LUMPUR: Shares in Bumi Armada fell 7.4% in early trade Thursday after the company announced a refinancing deal to escapes liquidation.
PETALING JAYA: Billionaire T. Ananda Krishnan’s Bumi Armada Bhd may have averted bankruptcy for the moment via its multi-billion-ringgit debt refinancing, but the loss-making company continues to be highly geared and will incur an additional RM40mil in interest expenses.
KUALA LUMPUR: The National Higher Education Fund Corp (PTPTN), saying it has tried every tactic possible to get borrowers to repay loans amounting to RM6.3bil, is taking its case to the people.
(Back from left) Mitraland Group general manager Tan Chee Hoaw and chief executive officer Chuah Theong Yee.
KUALA LUMPUR: Boustead Heavy Industries Corp Bhd (BHIC) says the lower contract price to build the four littoral mission ships (LMS) with the Chinese government will not have an impact on its margins.“Under the earlier agreement, the first two LMS will be built in China, while the remaining two will be built in Malaysia. But, for cost-saving purposes, all four vessels will be built and delivered in China,” said BHIC executive deputy chairman and managing director Tan Sri Ahmad Ramli Mohd Nor.
KUALA LUMPUR: Engineering solutions provider Serba Dinamik Holdings Bhd will embark on a roadshow today for its proposed US dollar sukuk.
KUALA LUMPUR: S&P Global Ratings and Fitch Ratings have assigned ratings to engineering solutions provider Serba Dinamik Holdings Bhd's proposed US dollar sukuk.
PETALING JAYA: MCA president Datuk Seri Dr Wee Ka Siong never said that the combined RM180bil in gross development value (GDV) for the Bandar Malaysia and Tun Razak Exchange (TRX) projects are direct profits.
Japanese car giant Toyota and investment fund SoftBank Vision Fund unveiled an investment of US$1bil (RM4.14bil) in US company Uber to drive forward the development of driverless ride-sharing services.
Almost two decades ago, in a remote Russian city best known for its butter and linen, two brothers shared a bedroom and a Pentium 100-powered computer they used to code their first game.
DUBAI: The slump in Aramco bonds since its unprecedented debt sale this month makes one thing clear: you can’t take the Saudi out of Saudi Aramco.
GEORGE TOWN: MCA president Datuk Seri Dr Wee Ka Siong is surprised that Chief Minister Chow Kon Yeow has cleared the company involved in the Penang undersea tunnel project of any wrongdoing.
KUALA LUMPUR: CIMB Thai Group's net profit for the quarter ended March 31, 2019, jumped 92.5% year-on-year (y-o-y) to THB325mil (RM42.26mil) on the back of operating income growth and a drop in provisions.
KUALA LUMPUR: AmInvestment Research is maintaining its hold call on Axiata Group with unchanged forecasts and fair value of RM3.86 a share after Axiata-Ncell was required to pay capital gains tax.
KUALA LUMPUR: Affin Hwang Capital research has initiated coverage on PPB Group Bhd with a hold rating and a target price of RM19.50.
GEORGE TOWN: The company involved in building the Penang undersea tunnel project and three paired roads has been cleared of any wrongdoing by the Malaysian Anti-Corruption Commission (MACC), said Chief Minister Chow Kon Yeow.
KUANTAN: The Pahang government is planning to demand RM17.1bil in compensation from the federal government for the revenue it is losing out on, says Mentri Besar Datuk Seri Wan Rosdy Wan Ismail.
PUTRAJAYA: The Road Transport Department (JPJ) has collected RM4.23bil in revenue for last year, with the bulk of it coming from road tax renewals, said Anthony Loke.The Transport Minister said road tax renewals accounted for 69% of the amount, an increase of 3.32% as compared to the revenue collected in 2017.
PUTRAJAYA: The Road Transport Department (JPJ) collected RM4.23bil in revenue for 2018, says Transport Minister Anthony Loke.
KUALA LUMPUR: Sapura Energy Bhd’s share price was lower this morning despite clinching RM1.3bil worth of new jobs.
KUALA LUMPUR: Sapura Energy Bhd has secured five new contracts worth a combined sum of about RM1.3bil for its engineering and construction and drilling segments.
Uber Technologies Inc, the current era’s archetypal startup, moved toward becoming a public company April 11, revealing that it racked up a US$3bil (RM12.38bil) operating loss last year and hoping potential investors will look beyond that.
HONG KONG: Bytedance Ltd, China’s most valuable startup, has secured a US$1.335bil syndicated loan from a group dominated by Wall Street banks, according to people familiar with the matter.
KUALA LUMPUR: The Felda White Paper was tabled in Parliament, during which the government accused the previous administration of, among others, shady transactions and conflict of interest.
KUALA LUMPUR: Some RM2.7 billion of Federal Land Development Authority (Felda) money meant to upgrade its plantations was used to buy political support before the last general-election, Economic Affai...
KUALA LUMPUR: The Dewan Rakyat was told that some RM2.7bil of Federal Land Development Authority (Felda) money was used to buy political support before the last general election in May 2018.
The Ministry of Economic Affairs has released the white paper containing the forensic studies conducted by Erst & Young on eight of FELDA’s investments.
PETALING JAYA: Affin Hwang Capital Research has raised its earnings forecasts on Serba Dinamik Holdings Bhd on the company’s plans to consolidate its three service centres and grow its fabricating capacity.
SUBANG JAYA: Sime Darby Property Bhd is confident it can hit its RM2.3bil sales target for the financial year ending Dec 31, 2019, with the six-month Home Ownership Campaign (HOC) serving as a much needed catalyst in a time when the market is facing a slowdown.
PETALING JAYA: Questions have been raised over the concession company of the controversial Penang undersea tunnel project.
PETALING JAYA: Felda has lodged a police report, claiming that Datuk Seri Najib Razak cheated them into investing US$505mil (RM2.07bil) in Eagle High Plantations TBK (EHP), reported Free Malaysia Today.
Free-to-play mobile title Fate/Grand Order was the most talked about game on Twitter in the first quarter of 2019 globally, according to the social media platform’s head of gaming content partnerships, Rishi Chadha.