Tag - Investment

Ministry mulling Amanah Saham Rahmah initiative

KUALA LUMPUR: The Domestic Trade and Cost of Living Ministry is studying the creation of an Amanah Saham Rahmah initiative aimed at assisting hardcore poor families. Deputy Minister Fuziah Salleh (pic) said the initiative is expected to help alleviate the cost of living burden and ensure a steady source of income for the group. She explained that the initiative...

PM Anwar asks Saudi Aramco to invest in Kemaman

MARANG: Prime Minister Datuk Seri Anwar Ibrahim has asked the world's largest oil and gas company, Saudi Aramco to invest in Kemaman, Terengganu. He said Aramco chairman Yasir O. Al-Rumayyan had informed him that the company wanted to make Johor the hub for its expansion in the Southeast Asian region. "But I said it's okay and I...

Arul Kanda, Mohd Irwan cannot be liable for 1MDB’s losses, court hears

KUALA LUMPUR: The High Court here on Monday (July 23) was told that former 1Malaysia Development Berhad (1MDB) chief executive officer Arul Kanda Kandasamy and its former chairman Tan Sri Mohd Irwan Serigar Abdullah cannot be liable for losses incurred by the company due to irregularities committed by others. Arul Kanda's counsel, Sanjay Mohan, submitted that...