Tags Posts tagged with "Malaysia"

Malaysia

“Malaysia’s Imelda” likely to be charged for money laundering

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Rosmah Mansor, wife of Malaysia’s former prime minister Najib Razak who is embroiled in the multi-billion fraud scandal surrounding state fund 1Malaysia Development Berhad...
Malaysia halts property developments exclusively for foreigners

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The Malaysian government will no longer allow property developments and new townships solely aimed at foreign buyers in a bid to reduce “mindless foreign...
Najib could spend rest of his life in jail if found guilty – Rosmah next to face charges

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Malaysia’s former prime minister Najib Razak pleaded not guilty on September 20 to no less than 21 counts of money laundering and four counts...
Malaysia’s ex-PM detained over mysterious $628-million transfer

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Former Malaysian prime minister Najib Razak was arrested on September 19 over allegations that $628 million linked to state investment fund 1Malaysia Development Berhad...
Malaysia expects to write off up to 70% of 1MDB losses

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Malaysia’s finance minister Lim Guan Eng said that authorities have reason to believe that up to 70 per cent of the misappropriated money from...
Malaysia axes Chinese-backed pipeline projects worth $3-billion

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The Malaysian government has finally decided to cancel three China-backed pipeline projects after halting work on them, The Financial Times wrote. The report said...
Chinese poured $32.9 billion into Asia property last year, Thailand top destination

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Mainland Chinese property buyers acquired real estate across Asia for $32.9 billion in 2017, up 352.4 per cent from $7.28 billion in 2016, a...
Malaysia raises minimum wage to 1,050 ringgit per month

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The Malaysian government will raise and standardise the minimum wage for the private sector across the country as of January 1, 2019, fulfilling one...
Kuala Lumpur-Singapore high-speed railway postponed for two years

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Malaysia and Singapore agreed to postpone the development of a high-speed rail service between the two countries by two years, Malaysian business weekly The...
Malaysia’s taxman is back knocking for a share in sales and services

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Malaysia will re-impose a tax of between five per cent and ten per cent on the sale of goods, while services will attract a...
Foreigners banned from buying property in large Chinese project in Malaysia’s Johor

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Foreigners will not be allowed to buy residential units anymore in a huge development in Johor state in southern Peninsular Malaysia backed by Chinese...
Singapore seeks UNESCO status for hawker centers – Malaysians not amused

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Singapore Prime Minister Lee Hsien Loong in his speech at the republic's National Day Rally on August 19 said that the city state will...
Malaysia shelves Belt and Road projects with China

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Malaysia has cancelled two multi-billion dollar projects that were part of China’s ambitious Belt and Road project, with Prime Minister Mahathir Mohammad saying that...
Dr. M talks tech with Alibaba’s Ma

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Malaysian Prime Minister Mahathir Mohamad, also known as Dr. M, met with the founder of China’s largest e-commerce enterprise Alibaba Group, Jack Ma, at...
Malaysia, Indonesia agree on joint production of new ASEAN car

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Indonesia and Malaysia have reached a deal to set up a joint venture to produce the first fully local-made vehicle for domestic use and...
Malaysia’s ex-PM Najib faces 125 years jail time if found guilty on all 1MDB charges

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Former Malaysian prime minister Najib Razak could be jailed up to 125 years and fined a total of 210 million ringgit ($51.6 million) if...
Thailand opens “VIP” immigration lanes exclusively for Chinese visitors

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Thailand’s authorities introduced special immigration lanes at five international airports in the country just for Chinese visitors, saying it was for their “ease and...
Indonesia hands over 1MDB-linked luxury yacht amid ongoing investigations

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Indonesia has returned to Malaysia the luxury yacht “Equanimity” linked to the multi-billion dollar 1Malaysia Development Berhad (1MDB) financial scandal, Malaysia’s Prime Minister Mahathir...