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Najib's instructions to Shahrol

Husni: Najib’s Instructions to Shahrol Caused 1MDB to Lose US$700 mil

Husni — the 20th execution substantiation of the 1MDB- Tanore trial in which Najib is accused of misappropriating further than RM2 billion of 1MDB funds was under re-examination from lead prosecutor Datuk Seri Gopal Sri Ram, who asked him about Shahrol and Najib.On Wednesday, Najib’s lawyer Tan Sri Muhammad Shafee Abdullah painted a picture to […]
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Asia including Malaysia FX bears hit record high image

Asia Including Malaysia FX Bears Hit Record High on Hawkish Fed

Bearish bets on several Asian currencies, including the Malaysian ringgit( snap), hit a record high in the face of rising U.S. interest rates that supported the dollar, while repeated COVID- 19 lockdowns hovered to disrupt economic recovery in China, a Reuters poll found on Thursday. Short positions in the South Korean won, the Singapore dollar, […]
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J&T Express invests RM600 image

J&T Express invests RM600 mil to fuel growth ambitions

The logistics industry is the backbone of international trade and commerce. Boasting a global value ofUS$8.6 trillion — according to market and consumer data provider Statista — the industry serves as an essential lifeline for trade and other entrepreneurial conditioning. Asia- Pacific remains one of the leading logistics markets in the world, says the data […]
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Takaful Malaysia to leverage business image

Takaful Malaysia to Leverage Business Resilience for Sustainable Growth

KUALA LUMPUR( June 1): Syarikat Takaful Malaysia Keluarga Bhd( Takaful Malaysia) is on track to the forefront of the takaful industry by leveraging its business adaptability for sustainable growth, said group chief executive officer Nor Azman Zainal.  He said Takaful Malaysia will concentrate on maintaining market leadership in bancatakaful, treasury, employee benefits, and general takaful, […]
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Maybank 1Q net profit down to RM2.04b from RM2.39b a year earlier image

Maybank 1Q Net Profit Down to RM2.04b From RM2.39b a Year Earlier

KUALA LUMPUR( May 26): Malayan Banking Bhd( Maybank) reported on Thursday( May 26) that its first-quarter net profit dropped to RM2.04 billion from RM2.39 billion a year before as profit fell.In a statement to Bursa Malaysia, Maybank said profit fell to RM11.91 billion in the first quarter ended March 31, 2022( 1QFY22) from RM12.22 billion […]
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Bursa Energy index up the most after oil prices jumped image

Bursa Energy Index Up the Most After Oil Prices Jumped 6%

KUALA LUMPUR (May 12) Bursa Malaysia’s Energy index, which tracks oil and gas ( O&G) companies’ share prices, rose about 2 on Thursday (May 12) to come the top percentage gainer among the bourse’s 30 needles following crude oil prices’6 late jump on Wednesday due to crude oil request query after overflows of Russian gas […]
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