1MDB Needs RM42.26bln To Settle Loans

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KUALA LUMPUR, May 17 – 1Malaysia Development Bhd (1MDB) needs an estimated RM42 billion to settle the principal and interest on its loans maturing between November 2015 and May 2039. This was based on assumptions that the company’s rationalisation plan was implemented and no new loans was taken after October

Anwar: No Rush For Me To Return To Politics

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KUALA LUMPUR, May 16 – PKR de facto leader Datuk Seri Anwar Ibrahim, who has just been released on a royal pardon earlier today, said that he would not make an immediate return to politics. Speaking at his first press conference at his residence in Segambut, here, Anwar said he

GST To Be Zero-Rated Effective June 1

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KUALA LUMPUR, May 16 – The Finance Ministry announced that starting from June 1, 2018, the Goods and Services Tax (GST) will be zero-rated for all goods and services in Malaysia until further notice. In a statement today, the ministry said the move does not include the goods and services

‘Thank You, Tuanku,’ Says Pardoned Anwar

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KUALA LUMPUR, May 16 – “Alhamdulillah (Praise be to God), thank you Tuanku (Your Majesty)”. That was the response from Datuk Seri Anwar Ibrahim following his audience with the Yang di-Pertuan Agong, Sultan Muhammad V, at Istana Negara after he was granted a full pardon today. Anwar said this to Bernama before

10 Lawmakers Sworn In As Penang EXCOs Today

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GEORGE TOWN, May 16 – Seven DAP and three PKR lawmakers have been sworn in as Penang state executive councillors (EXCO) before Penang Governor Tun Dr Abdul Rahman Abbas at Dewan Sri Pinang here this morning. The EXCO, who sworn in this morning, was as below: Chief Minister: Chow Kon Yeow

Utusan Melayu To Appoint New Independent Directors

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KUALA LUMPUR, May 15 – Utusan Melayu (Malaysia) Bhd (Utusan) will take the necessary steps to appoint new independent directors in due course. In a filing with Bursa Malaysia today, Utusan said it acknowledged the importance of complying with the Bursa Malaysia’s listing requirements on the composition of independent directors on

Malaysian Muslims To Begin Fasting Thursday

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KUALA LUMPUR, May 15 – Malaysian Muslims will begin Ramadan fasting on Thursday, the Keeper of the Rulers seal Datuk Seri Syed Danial Syed Ahmad announced today. He said the date for the Ramadan fasting to begin followed a decree by the Yang di-Pertuan Agong after receiving the consent of the Malay

1MDB Audit Report Declassified

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KUALA LUMPUR, May 15 – The audit report on 1MDB has been declassified, said Auditor-General Tan Sri Dr Madinah Mohamad. In a statement here today, Madinah said the 1MDB Audit Report had been classified “Secret” on Jan 22, 2016 and tabled to the Public Accounts Committee on March 4, 2016. “I am

Mahathir Tells WSJ He Expects Charges To Be Filed Against Najib

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PUTRAJAYA, May 15 – Prime Minister Tun Dr Mahathir Mohamad reportedly said that he expected charges to be filed against former Prime Minister Datuk Seri Najib Abdul Razak following an investigation into allegations that Najib syphoned off hundreds of millions of dollars from state investment fund 1Malaysia Development Berhad (1MDB). The

Zeti: Ringgit To Perform Better With Restored Confidence

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KUALA LUMPUR, May 15 – Tan Sri Zeti Akhtar Aziz today said the ringgit will perform better when investors’ confidence is restored both in the economy and country. The former central bank governor said the new government was working very hard to address all the areas of concern. “I believe the fundamentals

Zeti: No Turning Back On GST Abolishment

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KUALA LUMPUR, May 15 – Tan Sri Zeti Akhtar Aziz said there will be no turning back on the proposed abolishment of the Goods and Services Tax (GST) which came into effect on April 1, 2015. “It’s (decision to abolish) is final and work is in progress towards the abolishment, ”

Agong: Pardon For Anwar By Wednesday

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KUALA LUMPUR, May 15 – The Yang di-Pertuan Agong Sultan Muhammad V hopes that all procedures relating to the proceedings of the Pardons Board Committee for a royal pardon for PKR de facto leader Datuk Seri Anwar Ibrahim will be finalised on Wednesday. Istana Negara Datuk Pengkalan Bijaya Diraja Datuk Wan

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