KUALA LUMPUR: Bursa Malaysia plunged into negative territory again on Wednesday, with almost 1,000 counters closing in the red as investors continued to offload shares amidst weak market sentiment. The FBM KLCI slid 14.34 points, or 0.91%, to 1,562.12, its lowest level since August 2024. All indices ended lower, with the construction sector hit the hardest,...
PUTRAJAYA: Datuk Seri Najib Razak told the High Court that he sought Low Taek Jho's assistance for dealings in China in 2016 despite the fugitive businessman's bad reputation due to the 1Malaysia Development Bhd (1MDB) scandal. Najib had earlier testified that he sent his former special officer Datuk Amhari Efendi Nazaruddin to China on a trip...
PUTRAJAYA: A syndicate believed to be engaging in corruption and money laundering involving a financial consulting firm and officers from several financial institutions have been crippled. It is learnt that the Malaysian Anti-Corruption Commission (MACC) had carried out mass raids at 24 locations including houses and offices within the Klang Valley on Jan 13 and arrested...
PETALING JAYA: An investigation must be conducted into the Employees Provident Fund (EPF) selling its Malaysia Airport Holdings Berhad (MAHB) shares at a lower price and repurchasing them at a premium in a short period, says Datuk Seri Dr Wee Ka Siong. The MCA president said records show that EPF's equity holdings in MAHB in November...
KUALA LUMPUR: The distribution of the 'Sumbangan Asas Rahmah' (Sara) aid starting Wednesday will see improvements to the targetted aid resulting from the increase in the Budget 2025 allocations for the Sara and 'Sumbangan Tunai Rahmah' (STR) assistance to their highest historical level of RM13bil compared to RM10bil in 2024. The Sara aid will be increased...
KUALA LUMPUR: The police have confirmed that the Home Minister's son has been married since last September and that the marriage took place in southern Thailand. Inspector-General of Police Tan Sri Razarudin Husain said the marriage certificate was legitimate based on checks conducted by investigators. "The Home Minister's son and a woman were in love, but they...
KUALA LUMPUR: Former chief executive officer of 1Malaysia Development Berhad (1MDB), Arul Kanda Kandasamy told the High Court here on Tuesday (Jan 14) that he had no personal knowledge that monies from the company’s funds were used to buy jewellery worth US$1.3mil for Datin Seri Rosmah Mansor. Arul Kanda said this when 1MDB’s counsel Raphael Kok...
KUALA LUMPUR: There will be zero tolerance for integrity breaches among Road Transport Department (JPJ) officers, following reports that certain lorry owners are using “protection stickers” to evade roadblocks and inspections, warns Anthony Loke. The Transport Minister said since the issue involves integrity, it would need the cooperation of the Malaysian Anti-Corruption Commission (MACC). “If it involves...
ABU DHABI: Malaysia and the United Arab Emirates (UAE) have agreed to enhance strategic cooperation in the fields of politics, economy and investment, defence, renewable energy (RE) and nuclear, tourism, sustainability and artificial intelligence (AI), says Prime Minister Datuk Seri Anwar Ibrahim. He said this was the outcome of his bilateral meetings with UAE President Sheikh...
SHAH ALAM: A manager of a private company in Ampang Jaya lost more than RM1.6 million after falling for a non-existent crypto investment online. Selangor police chief Datuk Hussein Omar Khan, in a statement on Tuesday (Jan 14), said the 61-year-old male complainant was attracted to a cryptocurrency investment advertised on Facebook and made a phone...
