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1MDB lawyer loses cars, cash

KUALA LUMPUR: The High Court has ordered that two luxury cars and RM22,600 in cash belonging to former 1Malaysia Development Bhd (1MDB) lawyer Jasmine Loo Ai Swan be forfeited to the government.

Malaysia , Kuala-lumpur , Casey-tang-keng-chee , Kim-loong , Mont-kiara , Datuk-azhar-abdul-hamid , Taek-jho , Jun-yik , Geh-choh-heng , Bankm-bhd , Malaysia-development-bhd , High-court

IGB REIT, Axis REIT, CapitaLand Malaysia, Ecobuilt, YTL Power, RHB Bank, Digistar, MRCB and Digi.Com

Here is a brief recap of some corporate announcements that made the news on Thursday (Jan 19) involving IGB Real Estate Investment Trust, Axis Real Estate Investment Trust, CapitaLand Malaysia Trust, Ecobuilt Holdings Bhd, YTL Power International Bhd, RHB Bank Bhd, Digistar Corp Bhd, Malaysian Resources Corp Bhd and Digi.Com Bhd. IGB Real Estate Investment Trust (IGB REIT)’s net property income (NPI) for the fourth quarter ended Dec 31, 2022 (4QFY2022) rose 12.79% to RM105.64 million from RM93.66 million a year ago, as revenue increased 24.59% to RM148.72 million from RM119.37 million. The higher revenue and NPI were mainly due to lower rental support provided to tenants arising from the economic reopening and improving retail sales of tenants. It declared a distribution per unit (DPU) of 2.46 sen, which raised its total FY2022 DPU to 9.86 sen.

Kuala-lumpur , Malaysia , Johor , Indonesia , Kulai , Malaysian , Indonesian , Khazanah-nasional-bhd , Amir-hamzah-azizan , Tengku-azmil , Azlan-zainol , Sdn-bhd

Luxury cars, RM22,600 belonging to ex-1MDB lawyer forfeited to govt

KL High Court allows prosecution’s application on assets seized from Jasmine Loo.

Malaysia , Kuala-lumpur , Casey-tang-keng-chee , Kim-loong , Mont-kiara , Azhar-abdul-hamid , Jun-yik , Geh-choh-heng , Bankm-bhd , Malaysia-development-bhd , Kuala-lumpur-high-court , Lumpur-high-court

Luxury cars, RM22,600 belonging to ex-1MBD lawyer Jasmine Loo forfeited to govt

KUALA LUMPUR: The High Court here ordered two luxury cars and cash of RM22,600 belonging to former 1Malaysia Development Berhad (1MDB) lawyer Jasmine Loo Ai Swan to be forfeited to the government.

Kuala-lumpur , Malaysia , Casey-tang-keng-chee , Kim-loong , Mont-kiara , Datuk-azhar-abdul-hamid , Jun-yik , Geh-choh-heng , Magistrate-court , Bankm-bhd , Malaysia-development-berhad , High-court

High Court allows govt to forfeit cars, cash belonging to Jasmine Loo; condo unit returned to bank

The High Court on Friday (Jan 20) allowed the government's forfeiture suit against former 1Malaysia Development Bhd (1MDB) general counsel Jasmine Loo Ai Swan.

Kuala-lumpur , Malaysia , Malaysian , Casey-tang-keng-chee , Datuk-azhar-abdul-hamid , Jun-yik , Noor-zalizan-lazarous , Datuk-collin-lawrence-sequerah , Casey-tang , Mont-kiara , Taek-jho , Bankm-bhd

Gamuda partners OCBC Malaysia for Islamic ESG-linked financing

KUALA LUMPUR: Gamuda Bhd has partnered with OCBC Bank (M) Bhd and OCBC Al-Amin Bank Bhd (collectively OCBC Malaysia) for its inaugural shariah compliant sustainability-linked financing facility with an embedded sustainable derivative solution.

Kuala-lumpur , Malaysia , Gamuda-bhd , Bankm-bhd , Al-amin-bank-bhd , Gamuda , Task-force-on-climate , Amin-bank-bhd , Gamuda-green-plan , Science-based-target , Task-force , Climate-related-financial-disclosures

OCBC Malaysia wins Best Maiden Sukuk Award in Southeast Asia

KUALA LUMPUR: OCBC Bank (M) Bhd together with its Islamic subsidiary OCBC Al-Amin Bank Berhad (OCBC Malaysia) has won the prestigious Best Maiden Sukuk Award in the Alpha Southeast Asia 16th Annual Best Deal and Solution Awards 2022.

Kuala-lumpur , Malaysia , Sukuk-wakalah , Securities-commission , Axiata-group , Bankm-bhd , Al-amin-bank-berhad , Amin-bank-berhad , Best-maiden-sukuk-award , Alpha-southeast-asia , Annual-best-deal , Solution-awards

OCBC Malaysia appoints Tan Chor Sen as CEO

KUALA LUMPUR: OCBC Bank (M) Bhd (OCBC Malaysia) has appointed Tan Chor Sen as its chief executive officer with effect from Jan 1, 2023.

Kuala-lumpur , Malaysia , Singapore , Ngiap-joo , Bankm-bhd , Tan-chor-sen , Datuk-ong-eng-bin , Chor-sen , Tan-ngiap-joo , Banking , Ocbc , Ocbc-malaysia

Sustainable finance on uptrend

PETALING JAYA: Sustainable finance is fast gaining traction and is set to become the future mainstream financing instrument in corporate Malaysia at a time when the global economy is facing recessionary risk, according to industry experts.

China , Malaysia , United-states , Petaling , Malaysia-general- , Malaysian , Sdn-bhd , Arina-kok , Datuk-fadl-mohamed , Maybank-investment-bank , Sustainability-services-leader , National-energy

Malaysia - An Insight Into Illegal Contracts After Patel v Mirza.

Malaysia - An Insight Into Illegal Contracts After Patel v Mirza. Legal News and Analysis - Malaysia - Dispute Resolution - Commercial Litigation -

Malaysia , Canada , United-kingdom , Mansfield , Nottinghamshire , Scotland , Malaysian , Tinsleyv-milligan , V-cheong-huey-charn , Chang-yun-tai , Holmanv-johnson , Zulkefli-makinudin