FashionValet showed potential at the time, says Amir Hamzah

KUALA LUMPUR: FashionValet Sdn Bhd was seen as a company with potential in the e-commerce space when Khazanah Nasional Bhd made its investment, says Finance Minister II Datuk Seri Amir Hamzah Azizan. "The digital economy was an important core for Malaysia's development, right from the time of the Multimedia Super Corridor with emphasis on the development...

FashionValet showed potential at the time, says Amir Hamzah

KUALA LUMPUR: FashionValet Sdn Bhd was seen as a company with potential in the e-commerce space when Khazanah Nasional Bhd made its investment, says Finance Minister II Datuk Seri Amir Hamzah Azizan. "The digital economy was an important core for Malaysia's development, right from the time of the Multimedia Super Corridor with emphasis on the development...

FashionValet probe: MACC raids more premises in Klang Valley

PUTRAJAYA: The Malaysian Anti-Corruption Commission (MACC) carried out another round of checks on several premises, including the residence of a local online fashion business founding couple in the Klang Valley. MACC chief commissioner Tan Sri Azam Baki said the checks were aimed at obtaining related documents and exhibits as well as assets owned by the couple...

FashionValet Co-Founders apologise to investors, step down from company

PETALING JAYA: Entrepreneur couple apologises and steps down from their position at FashionValet over the recent public fund’s investment debacle. FashionValet co-founders Datin Vivy Yusof and her husband Datuk Fadzaruddin Shah Anuar said they took full responsibility for the failure of the investment by Khazanah Nasional Bhd and Permodalan Nasional Bhd (PNB). “We want to state from...

Don’t go overboard in debating BlackRock issue, says Anwar

PUTRAJAYA: Any polemic related to the BlackRock issue that is linked to the Israeli regime could affect Malaysia's interests as a developing country, says Prime Minister Datuk Seri Anwar Ibrahim. Speaking at the July monthly assembly of the Prime Minister's Department here on Monday (July 1), Anwar reminded everyone not to be 'excessive' in discussing polemic...

Khazanah, EPF are weighing taking Malaysia Airports private, sources say

Malaysia’s sovereign wealth fund and public pension provider are considering taking Malaysia Airports Holdings Bhd. private, according to people familiar with the matter, as trading in the airport operator was suspended Wednesday. Khazanah Nasional Bhd. and the Employees Provident Fund are working with an adviser on a possible deal, the people said, asking not to be named...