News by TheEdgeMarkets.com

On July 10, 2020, the government filed a notice of motion implicating that the monies involved belonging to PSI and its subsidiary PSOSL were related to an offence under Section 4(1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act (AMLATFPUAA) 2001

Under the moderate reform scenario, Malaysia's GDP growth rate is expected to fall to 2.9% by 2050. 

Selangor reported 323 cases today, followed by Sarawak with 183 cases and Penang (175). 

The auction date has been fixed for June 16, 2021.

The tender for the project was issued by the Ministry of Housing and the Local Government. 

Lawyer Hariharan told the court that Nazir did not say in his witness statement that he had returned the money to Najib.

As such, the integrated palm oil producer and property developer's loss per share for the fourth quarter ended Dec 31, 2020 increased to 12.22 sen from 3.19 sen in 3QFY20.

Under a high case scenario, this could be achieved earlier in 2024, whereas under a low case scenario the achievement could be later in 2028, World Bank said in a new report released today.

Ng is facing four charges in Malaysia and currently extradited to the US while awaiting his trial for conspiring to launder money and bribe government officials in Malaysia and Abu Dhabi through bond offerings that Goldman Sachs handled.

This begs the question of what Felda's alternative plan is since it could not wholly own the plantation group.