Page 6 - Development Bhd News Today

KUALA LUMPUR, Feb 22 — YTL Corporation Bhd’s net profit jumped to RM589.22 million for the second quarter ended Dec 31, 2023 (2Q FY2023) from RM96.91 million recorded a year...

PETALING JAYA: The ringgit has fallen against most Asean currencies, and not just the US dollar, in the past five years as Bank Negara and successive governments struggled to solve long-term structural issues hammering the ringgit.

KUALA LUMPUR: The Attorney General's (AG) application to the High Court for leave to initiate committal proceedings against former Umno supreme council member Isham Jalil for contempt of court will be heard on March 4.

KUALA LUMPUR: The High Court was told that not all documents obtained by the prosecution from foreign countries during the 1Malaysia Development Bhd (1MDB) investigation were turned over to Datuk Seri Najib Razak's defence team.

Liquidators overseeing the bankruptcies of five alleged shell companies that they say received an estimated $1.5 billion from 1Malaysia Development Bhd., a Malaysian government-owned fund at the heart of an international corruption scandal, asked a Florida bankruptcy court to grant Chapter 15 recognition of their British Virgin Islands liquidations.

Liquidators overseeing the bankruptcies of five alleged shell companies that received an estimated $1.5 billion from 1Malaysia Development Bhd., a Malaysian government-owned fund at the heart of an international corruption scandal, asked a Florida bankruptcy court to grant Chapter 15 recognition of their British Virgin Islands liquidations.

KUALA LUMPUR: Investigators had asked the Singapore government for several important documents before bringing charges against former prime minister Datuk Seri Najib Razak and the charges were therefore not defective, a witness told the 1Malaysia Development Bhd (1MDB) trial.

KUALA LUMPUR: Former 1Malaysia Development Bhd (1MDB) general counsel Jasmine Loo told the High Court that she would wait outside Datuk Seri Najib Razak's house in Jalan Langgak Duta while fugitive businessman Low Taek Jho, or Jho Low, went in to have Najib sign 1MDB-related documents.

KUALA LUMPUR: Former 1Malaysia Development Bhd (1MDB) general counsel Jasmine Loo told the High Court that she became a fugitive for five years after Low Taek Jho, or Jho Low, swore to make her life "a living hell" if she returned to Malaysia.

KUALA LUMPUR: Former 1Malaysia Development Bhd (1MDB) general counsel testified that fugitive businessman Low Taek Jho, or Jho Low, claimed he has proof that his actions were done with Datuk Seri Najib Razak's knowledge.