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Category: Business

Meet the family of architects growing figs in the Selangor suburbs

Mutiara Figs is the literal fruit of the Hilmi family’s labours, where their 300 varieties of fig trees are yielding … More

Cultivation, Diabetes, Fig, High Blood Pressure

From ride-hailing to fintech: Grab’s journey in the fast lane

Singapore-based Grab Holdings said Tuesday it plans a US listing after merging with the investment fund Altimeter Capital Management in … More

Grab, Investment, IPO, Ride-hailing

In SRC conviction appeal, prosecution says Najib’s refusal to allow govt to check company’s Swiss funds implies ‘personal interest’

PUTRAJAYA : Former prime minister Datuk Seri Najib Razak’s refusal to allow a government delegation to verify the status of … More

CBT, Court of Appeal, MACC, Money Laundering, Retirement Fund Incorporated (KWAP), SRC

SRC appeal: Prosecution says clear proof of abuse as Najib sat in Cabinet meetings approving RM4b loan guarantees

PUTRAJAYA : Datuk Seri Najib Razak’s role in the Cabinet meetings to approve two government guarantees (GGs) for loans worth … More

CBT, Court of Appeal, MACC, Money Laundering, Retirement Fund Incorporated (KWAP), SRC

Telco mega-merger – we can’t be outclassed by Bangladesh, says MP

Even it has laws to prohibit such mergers to protect its consumers’ interest, says Chong Chieng Jen. An opposition MP … More

CELCOM, Digi, merger, Telecommunications

Asian ‘superapp’ Grab to go public in $40 billion SPAC deal

Southeast Asian tech giant Grab plans to go public in the US with a nearly $40 billion valuation in the … More

Altimeter, Grab, IPO, Nasdaq, Startups

SRC conviction appeal: Lawyer claims High Court judge had ‘desire’ to hold Najib to account

PUTRAJAYA : The High Court was incorrect in saying Datuk Seri Najib Razak must be held accountable for abuse of … More

CBT, Court of Appeal, Money Laundering, Retirement Fund Incorporated (KWAP), SRC

Najib was not dishonest in using RM42m as he did not know where funds came from, his lawyer tells court

PUTRAJAYA : Datuk Seri Najib Razak did not dishonestly misappropriate RM42 million from SRC International Sdn Bhd since he did … More

CBT, Court of Appeal, Money Laundering, Najib Razak

‘We do it to keep busy’: Elderly sisters continue knife sharpening trade in Kuala Lumpur

KUALA LUMPUR : Sparks flew as Yip Yoke Lin, 74, held the Chinese chef knife she was sharpening at a 30-degree angle … More

Chinatown, Knife Sharperning, Kuala Lumpur, Skills, Trade

Indonesia’s Grab and Gojek take Ramadan commercial to the next level with galaxy-themed, humorous ads (VIDEO)

Grab Indonesia has gone sci-fi while the republic’s two-wheeled e-hailing service Gojek has opted to inject humour to promote its … More

Advertisement, Gojek, Grab, Humor, Ramadhan

1MDB trial: Najib files fresh affidavit seeking bank documents

The former prime minister contends there’s new evidence that can back his defence. Former Prime Minister Najib Abdul Razak has … More

AMLA, Defense, Goldman Sachs, Jho Low, Money Laundering, Najib Razak

Lawyer pens book on reclaiming and selling Jho Low’s superyacht

My book is ‘a short but power-packed read’, says the author Sitpah Selvaratnam. The lawyer who led the team that … More

1MDB, Arrest, Equanimity, Jho Low, Superyacht

In conviction appeal, lawyer claims Najib selectively prosecuted over RM42m in SRC funds

PUTRAJAYA : Datuk Seri Najib Razak was selectively charged for criminal breach of trust (CBT) by misappropriation involving RM42 million … More

Bribery, CBT, Court of Appeal, Jho Low, Money Laundering, Najib Razak, SRC

Nestlé Malaysia invest RM150 mil in plant-based meals production facility

Nestlé Malaysia today launched its first Plant-Based Meal Solutions manufacturing facility, the first in ASEAN and one of only two … More

Foods, Investment, Nestlé

Facebook says hackers ‘scraped’ data of 533 million users in 2019 leak

SAN FRANCISCO : Facebook said yesterday that hackers “scraped” personal data of some half-billion users back in 2019 by taking … More

cybercrime, Facebook, Hackers, Internet

More empty malls — lowest occupancy rate in 17 years

Occupancy rate in 2020 declined further, falling from 79.2% in 2019 to 77.5% as retailers struggle to stay open MALAYSIA’S … More

Covid19, Mall, Occupancy Rate, Pandemic, Retails

Najib’s lawyer questions testimony of foundation’s ex-CEO

He says Ung Su Ling’s testimony is hearsay, questioning her explanation for not producing the instructions she said she had … More

CBT, Court of Appeal, Money Laundering, Najib Razak, SRC, Yayasan Rakyat 1Malaysia (YR1M)

In appeal, lawyer tells appellate court that only Jho Low knows why SRC funds went into Najib’s bank accounts

PUTRAJAYA : Only fugitive businessman Low Taek Jho has the answer as to why funds from SRC International Sdn Bhd … More

CBT, Court of Appeal, Jho Low, Money Laundering, Najib Razak, SRC

Facebook KIVs 2 internet cables for M’sia due to Wee’s policy: sources

Social media giant put off by transport minister’s reversion to ‘protectionist’ rules, say insiders KUALA LUMPUR : Facebook Inc has put … More

Cabotage, Facebook, Government, Internet, Policy

Anwar: Investors will stay away until govt exorcises 1MDB ghost from financial institutions

KUALA LUMPUR : Opposition Leader Datuk Seri Anwar Ibrahim today raised what he said was a lack of initiative by … More

Bank Negara Malaysia (BNM), Financial, Scandal

Najib’s SRC appeal: No credible evidence linking RM42m funds from SRC with Najib as key prosecution witness unreliable, says lawyer

PUTRAJAYA, : The Court of Appeal heard today that the unreliable testimony of one of the trial’s key prosecution witness … More

Court of Appeal, criminal breach of trust (CBT), Money Laundering, Najib Razak, SRC

Appeals Court reprimands Shafee for criticising Najib’s SRC trial judge as ‘hopelessly incompetent’, ‘poisoned judgment’ in conviction ruling

PUTRAJAYA : The Court of Appeal today (April 6) reprimanded lawyer Tan Sri Muhammad Shafee Abdullah for using inappropriate words … More

CBT, Court of Appeal, Money Laundering, Najib Razak, SRC

Senior minister hopes to curtail tender abuses, cartels with RM500,000 ‘bond’ for public projects

KUALA LUMPUR : Senior Minister Datuk Seri Fadillah Yusof today acknowledged that there may still be loopholes in the award … More

Cartel, Contract, Government, MACC, syndicate, Tender System, Tenders

‘Super rich’ govt project cartel leader owns 2 choppers, yacht

PETALING JAYA : The leader of a cartel that monopolised government contracts amounting to RM3.8 billion owns two helicopters, a … More

Cartel, Contract, Government, MACC, syndicate, Tenders

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  • In SRC conviction appeal, prosecution says Najib’s refusal to allow govt to check company’s Swiss funds implies ‘personal interest’ April 15, 2021
  • SRC appeal: Prosecution says clear proof of abuse as Najib sat in Cabinet meetings approving RM4b loan guarantees April 15, 2021
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