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KUALA LUMPUR, MALAYSIA (AP) – Former Malaysian first lady Rosmah Mansor was ordered to serve 10 years in prison after being found guilty yesterday of soliciting and receiving bribes during her husband’s corruption-tainted administration, a week after he was imprisoned over the massive looting of the 1MDB state fund. Rosmah was convicted on a charge […] ....
KUALA LUMPUR, MALAYSIA (AP) – Former Malaysian Prime Minister Mahathir Mohamad, 97, was hospitalised yesterday after testing positive for COVID-19, his office said. “Mahathir has been admitted to the National Heart Institute for observation for a few days as advised by the medical team,” it said in a statement. It didn’t provide further details on […] ....
KUALA LUMPUR (CNA) – Malaysian Prime Minister Ismail Sabri Yaakob denied yesterday that he had been threatened with expulsion from the United Malays National Organisation (UMNO) if he refused to bow to the party’s demands to call for a general election this year. Speaking to reporters after an event in Putrajaya, Ismail Sabri said that […] ....
KUALA LUMPUR (BERNAMA) – Petroliam Nasional Bhd’s (Petronas) net profit jumped to MYR23.0 billion for the second quarter ended June 30, 2022 (Q2 2022) from MYR9.6 billion in the same period a year earlier, in tandem with higher revenue partially offset by higher product costs and taxation. The Malaysian oil firm’s revenue also surged to […] ....
KUALA LUMPUR (BERNAMA) – The banking system recorded MYR129.6 billion excess capital buffers as at end-July 2022, said Bank Negara Malaysia (BNM). Capital buffers refer to the total capital above the regulatory minimum which includes the capital conservation buffer of 2.5 per cent and bank-specific higher minimum requirements. In its July 2022 monthly highlights report […] ....