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Topic: 9 billion

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KUALA LUMPUR (May 11): Transport Minister Anthony Loke Siew Fook seems to have a lot on his plate as his portfolio comprises entities such as Keretapi Tanah Melayu Bhd (KTM) and Prasarana Malaysia Bhd...
Free Malaysia Today:
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PETALING JAYA: Indian preacher Zakir Naik says he is prepared to return to India to face charges of money laundering, but that he fears being jailed like many other Muslim suspects whom the courts fou...
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KUALA LUMPUR (May 9): Thirteen of the 16 land swap deals carried out during Barisan Nasional’s (BN) rule of Putrajaya involved his “predecessor, as well as the previous prime minister”, Defence ...
Malay Mail:
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SAN FRANCISCO, May 9 — Over the past two years, Uber Chief Executive Dara Khosrowshahi has used his peace-making and political skills to settle battles with lawmakers and rivals and endear himself t...
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KUALA LUMPUR (May 9): Affin Hwang Capital Research has upgraded shares of Gamuda Bhd, as it believes the construction company has the advantage of securing several projects, including the Mass Rapid...
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KUALA LUMPUR (May 9): Thirteen of the 16 land swap deals carried out during Barisan Nasional’s (BN) rule of Putrajaya involved his “predecessor as well as the previous prime minister”, Defence M...
Free Malaysia Today:
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PETALING JAYA: Dzulkefly Ahmad’s performance in his first year as health minister has been encouraging in a number of areas.
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WASHINGTON, May 9 ― Under pressure from President Donald Trump, General Motors Co said yesterday it was in talks to sell an idled northeast Ohio plant to a cash-strapped electric truck-building comp...
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LONDON, May 8 — Global mining giant BHP Billiton faced today a £5.0 billion (RM26.9 billion) claim for damages over a Brazilian dam collapse that killed 19 people in late 2015, sources said.
Free Malaysia Today:
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KUALA LUMPUR: Bank Negara Malaysia (BNM) raided a commercial bank four years ago for not reporting suspicious transactions involving Najib Razak’s six banks accounts, but did not inform the former p...
Tech in Asia:
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Indonesia’s homegrown behemoth Go-Jek in February revealed that it recorded over US$9 billion in annualized transactions for all its business segments by end-2018.
Malay Mail:
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KUALA LUMPUR, May 8 — To small or startup firms, reforms are not necessarily good for business.
Tech in Asia:
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Indonesia’s homegrown behemoth Go-Jek in February revealed that it recorded over US$9 billion in annualized transactions for all its business segments by end-2018.
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SINGAPORE (May 7): Marina Bay Sands will pay S$1.3 billion for a 33,000 square-meter land parcel in Singapore, the New Paper reports, citing Senior Minister of State for Trade and Industry Chee Hong T...
The Star:
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SINGAPORE: Higher entrance levies haven’t stopped rich Singaporeans or those just feeling lucky from flocking to the country’s only two casinos.
Malaysiakini:
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Daim Zainuddin, among prime minister Dr Mahathir Mohamad's closest advisers, said today that far too many are falling for the racial and religious narratives spun by the opposition to destabilise the ...
Free Malaysia Today:
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SHAH ALAM: DAP secretary-general Lim Guan Eng said he is still waiting for a response from Perlis mufti Mohd Asri Zainul Abidin on when he can meet party leaders.
Free Malaysia Today:
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PETALING JAYA: The Galen Centre for Health and Social Policy has given the Pakatan Harapan government a C+ grade in its stewardship of the health agenda and commitment to reforms.
Free Malaysia Today:
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KUALA LUMPUR: PAS today pleaded with Putrajaya to not deport Dr Zakir Naik, the controversial Indian preacher who was recently charged with money laundering.
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PUTRAJAYA (May 4): Idle Government land not earmarked for development will be identified for agriculture projects, said Economic Affairs Minister Datuk Seri Mohamed Azmin Ali (pictured).
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PUTRAJAYA (May 3): Idle Government land not earmarked for development will be identified for agriculture projects, said Economic Affairs Minister Datuk Seri Mohamed Azmin Ali.
theSun:
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PUTRAJAYA: The idle government land not earmarked for development will be identified for agriculture projects, according to Economic Affairs Minister Datuk Seri Mohamed Azmin Ali.
Malay Mail:
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KUALA LUMPUR, May 3 — Ekuiti Nasional Bhd (Ekuinas) says it is ready to acquire stakes in subsidiaries of government-linked companies (GLCs) that it has identified.
Malay Mail:
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FRANKFURT, May 3 — German sporting goods maker Adidas said Friday that sales online and in China had pumped up profits and revenues in the first quarter, confirming its outlook for double-digit prof...
Free Malaysia Today:
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PETALING JAYA: India yesterday brought formal charges of money laundering against Zakir Naik, accusing him of acquiring about Rs1.9 billion (RM114.5 million) worth of criminal assets.
Malay Mail:
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FRANKFURT, May 2 — German car behemoth Volkswagen today reported a slip in profits in the first quarter, but defied a soft patch in the global car market with rising revenues.
Malay Mail:
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KUALA LUMPUR, May 2 — Datuk Seri Najib Razak's attempts to connect with Malaysians on social media backfired yesterday after the former prime minister posted a spoiler to the highly-anticipated Marv...
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MEXICO CITY, May 1 — Mexican state oil company Pemex registered a loss of 35.7 billion pesos (RM7.8 billion) in the first quarter of 2019, it announced yesterday, falling back into the red despite a...
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KUALA LUMPUR (April 30): DBS Group Research has downgraded Malaysian government debt papers, noting that the valuations of Malaysian Government Securities (MGS) are no longer as cheap and "the risks a...
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KAJANG (April 30): The Malaysian property market has gradually improved over 2018 and is expected to stabilise this year, on the back of increases in volume and value of total transactions at the end ...
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KUALA LUMPUR (April 30): Axis Real Estate Investment Trust (Axis REIT) is targeting to acquire RM200 million worth of property assets in the industrial space, mainly under the warehouse and manufactur...
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KUALA LUMPUR (April 30): Axis Real Estate Investment Trust (Axis REIT) is targeting to acquire RM200 million worth of property assets in the industrial space, mainly under the warehouse and manufactur...
Malay Mail:
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KAJANG, April 30 — The Malaysian property sector is looking perkier in the first quarter of 2019, National Property Information Centre (Napic) director Md Badrul Hisham Awang said today at the launc...
The Straits Times:
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KUALA LUMPUR (THE STAR/ASIA NEWS NETWORK) - A sum of RM1.9 billion (S$625,742) was credited into one of Malaysia's former premier Najib Razak's private bank accounts between 2011 and 2013, the High Co...
Malay Mail:
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KUALA LUMPUR, April 30 — Goldman Sachs has not negotiated a settlement with the US Justice Department (DoJ) over the investment bank’s role in the 1MDB global corruption scandal, its chief executi...
Malaysiakini:
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LIVE | The criminal trial of former prime minister Najib Abdul Razak involving the alleged misappropriation of funds from SRC International Sdn Bhd enters its 11th day at the Kuala Lumpur High Court t...
Malay Mail:
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KUALA LUMPUR, April 29 — Datuk Seri Najib Razak opened a current account at Ambank Jalan Raja Chulan branch in 2011 in anticipation of receiving a “large” sum of money from overseas, the High Co...
Free Malaysia Today:
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KUALA LUMPUR: Najib Razak opened a current account at Ambank in January 2011 to receive “large amounts” of money from overseas, the High Court heard today.
theSun:
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SEPANG: Kuala Lumpur International Airport (KLIA) is now equipped with a system that detects objects that are not meant to be in its surroundings.
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KUALA LUMPUR (April 29): Kumpulan Perangsang Selangor Bhd (KPS) gained as much as 12% as the market reacted to its announcement of a special dividend, following the completion of its disposal of its 3...
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KUALA LUMPUR (April 26): As promised to shareholders earlier, Kumpulan Perangsang Selangor Bhd (KPS) has declared a special one-off dividend of 32.6 sen per share, following its divestment of its 30%-...
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KUALA LUMPUR (April 26): CIMB Investment Bank (CIMB IB) Research has upgraded the construction sector to neutral from underweight previously on signs of a recovery in pump-priming, driven by China-Mal...
Malay Mail:
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SAN FRANCISCO, April 26 — Uber is aiming to make its stock market debut at a share price that would value the leading ride-share startup between US$80 billion (RM331.9 billion) and US$90 billion, Bl...
Malay Mail:
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SAN FRANCISCO, April 26 — Amazon yesterday delivered record profits for the first quarter, fuelled by gains in cloud computing and new business segments for the US technology colossus.
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KUALA LUMPUR (April 25): Vizione Holdings Bhd's third quarter net profit for the three months ended Feb 28, 2019 (3QFY19) more than doubled to RM17.76 million from RM8.06 million a year ago, thanks to...
Malay Mail:
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KUALA LUMPUR, April 25 — Etiqa Group Insurance and Takaful achieved a double-digit gross premium growth of 17 per cent to RM7.2 billion for the financial year (FY) ended December 31, 2018, although ...
The Edge Markets:
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KUALA LUMPUR (April 25): Etiqa Group Insurance & Takaful closed its financial year ended Dec 31, 2018 (FY18) with 17% gross premium growth at RM7.2 billion from a year earlier and a 19% drop in profit...
Malay Mail:
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LISBON, April 25 — Shareholders in Portugal's biggest company, Energias de Portugal, yesterday blocked a €9 billion (RM41.7 billion) takeover bid by the state-owned China Three Gorges (CTG) Corpor...
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KUALA LUMPUR (April 24): Vizione Holdings Bhd's third quarter net profit for the three months ended Feb 28, 2019 (3QFY19) more than doubled to RM17.76 million from RM8.06 million a year ago, thanks to...
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HONG KONG (April 24): Singapore has dealt casinos a tough hand.
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KUALA LUMPUR (April 23): Palm oil giant FGV Holdings Bhd and the Malaysian pilgrims fund are considering selling plantation assets in Indonesia as the government-linked entities seek to improve their ...
theSun:
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MALACCA: Malaysia is conducting a five-day Palm Oil Economic Mission to Saudi Arabia beginning Monday to discuss the commodity issue, as well as to promote its timber and furniture, Deputy Primary Ind...
Malay Mail:
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MELAKA, April 20 — Malaysia is conducting a five-day Palm Oil Economic Mission to Saudi Arabia beginning Monday to discuss the commodity issue, as well as to promote its timber and furniture, Deputy...
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JOHOR BAHRU (April 19): Construction works on the 192-kilometre Gemas-Johor Bahru double tracking (PLBEGJB) project is now 37 percent complete, said Transport Minister Anthony Loke Siew Fook.
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KUALA LUMPUR (April 18): UEM Sunrise Bhd has been served a notice of arbitraton by Ireka Corp Bhd’s unit, seeking a declaration sum of RM29.25 million in relation to disputes and differences arising...
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JOHOR BAHRU (April 18): Construction works on the 192-kilometre Gemas-Johor Bahru double tracking (PLBEGJB) project is now 37 percent complete, said Transport Minister Anthony Loke Siew Fook.
Malay Mail:
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JOHOR BARU, April 18 — The construction of the Gemas-Johor Baru electrified double-tracking project (EDTP), which is expected to be completed by October 2021, is slightly ahead of schedule, said Tra...
The Star:
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Japan lost its position as the world’s second-biggest economy to China awhile ago. But it’s beating out its Asian rival in one area at least: private equity.
Malay Mail:
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WASHINGTON, April 17 — The US Justice Department has told T-Mobile US Inc and Sprint Corp that it opposes their planned US$26 billion (RM106.9 billion) merger in its current form, a source familiar ...
Digital News Asia:
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AS A market that has crossed 500 million internet users, the vast majority accessing the internet through their mobile devices, India is probably the most exciting mobile market in the world.
theSun:
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GEORGE TOWN: The Centre to Combat Corruption and Cronyism (C4) has called for the setting up of an office of the ombudsman to keep an eye on the government and its conduct.
theSun:
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KUALA LUMPUR: A financial expert today described allegations that the RM10.9 billion deficit gap recorded by Lembaga Tabung Haji (TH) in 2018 resulted completely from Pakatan Harapan (PH) taking over ...
Carlist.my:
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Zhejiang Geely Holding (ZGH) has begun construction on a new 9 billion Yuan production plant in Wuhan, Hubei.
theSun:
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KUALA LUMPUR: The total deposits received by the Pilgrims Fund Board (TH) still show a positive figure as the confidence of the depositors remains intact even though the institution has declared a low...
Malay Mail:
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KUALA LUMPUR, April 14 — The total deposits received by the Pilgrims Fund Board (TH) still show a positive figure as the confidence of the depositors remains intact even though the institution has d...
Malay Mail:
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TOKYO, April 12 — The euro rose to a 2-1/2-week high today, as dealers said speculators anticipated increased demand for the common currency arising from a Japanese bank's plans to purchase the mult...
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KUALA LUMPUR: DRB-Hicom Bhd is shaping up as far as its managing director (MD) Datuk Seri Syed Faisal Albar is concerned.
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KUALA LUMPUR (April 10): Some RM1.4 billion of the RM10.5 billion generated from the listing of FGV Holdings Bhd was spent on 'shady transactions', said Economic Affairs Minister Datuk Seri Mohamed Az...
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KUALA LUMPUR (April 10): Felda was profitable between 2007 and 2011, with income averaging RM3.1 billion per year and peaking at RM5.9 billion in 2010, according to Economic Affairs Minister Datuk Ser...
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KUALA LUMPUR (April 10): Felda was profitable between 2007 and 2011, with income averaging RM3.1 billion per year and peaking at RM5.9 billion in 2010, according to Economic Affairs Minister Datuk Ser...
Malay Mail:
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KUALA LUMPUR, April 10 — Emergency funds for the Federal Land Development Authority (Felda) have taken a critical hit, the economic affairs minister told Parliament today as he highlighted its cash ...
Malaysiakini:
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PARLIAMENT | Putrajaya intends to spend RM6.23 billion in stages to revive Felda, which has been deeply in the red since 2013.
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KUALA LUMPUR (April 10): Some RM1.4 billion of the RM10.5 billion generated from the listing of FGV Holdings Bhd was spent on 'shady transactions', said Economic Affairs Minister Datuk Seri Mohamed Az...
Malay Mail:
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PARIS, April 8 — Fiat Chrysler (FCA) confirmed yesterday that it is to pay hundreds of millions of dollars to Tesla, the zero-emissions electric carmakers, to avoid getting hit by European Commissio...
The Star:
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BEIJING/SINGAPORE: China's foreign exchange reserves rose for a fifth straight month in March, with the increase exceeding expectations, as growing optimism about the prospects for a U.S.-China trade deal offset concerns over slowing economic growth
Free Malaysia Today:
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PETALING JAYA: Najib Razak today pinned the drop in Lembaga Tabung Haji (TH) dividends on blunders committed by Pakatan Harapan leaders in government.
The Star:
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BEIJING/SINGAPORE: China's foreign exchange reserves rose for a fifth straight month in March, with the increase exceeding expectations, as growing optimism about the prospects for a U.S.-China trade deal offset concerns over slowing economic growth.
Malay Mail:
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SINGAPORE, April 6 — Negotiations with the integrated resorts to commit about S$9 billion (RM27.1 billion) of non-gaming investments took more than two years, but the Singapore government was able t...
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KUALA LUMPUR (April 5): The Dewan Rakyat yesterday approved the supplementary budget of RM19.6 billion proposed by Finance Minister Lim Guan Eng. The approval came after the third reading of the Su...
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KUALA LUMPUR (April 5): The Government is allocating RM13.2 billion this year to less developed States namely Sabah, Sarawak, Kelantan, Terengganu, Kedah and Perlis under the Fourth Rolling Plan of th...