KUALA LUMPUR (Dec 3): The Inland Revenue Board (IRB) has granted a non-interest bearing loan of RM100 million to its subsidiary Yayasan LHDN, without any proper agreement inked between the two parties, according to the 2017 Auditor-General Report.

“The financing was granted with the con...

A-G's Report: IRB granted RM100m financing without agreement

KUALA LUMPUR (Dec 3): The 2017 Auditor-General’s report has issued an unmodified opinion with an emphasis of matter (EOM) to the Federal Land Development Authority (Felda), in relation to the agency’s financial performance and cash flow management.

This is the third year in a row that t...

A-G highlights Felda's cashflow management issues, financials

KUALA LUMPUR (Dec 3): The 2017 Auditor-General (AG) report has highlighted that the pilgrim’s fund had failed to record an impairment totalling RM227.81 million from its investments in several subsidiaries and associates.

The report also pointed out that the setting of LTH’s asset impai...

Tabung Haji failed to report RM227.81m impairment in 2017 — AG report

KUALA LUMPUR (Dec 3): The Public Accounts Comittee (PAC) will call up two ministries over possible misappropriations in the second half of last year, said PAC chairman Datuk Seri Ronald Kiandee.  

This is based on the findings provided in the 2017 Auditor-General’s Report (Series T...

Transport, sports ministries in PAC’s sights over possible discrepancies

KUALA LUMPUR (Aug 6): More than 90% of the loans raised by the federal government in 2017 to finance its development expenditure have to bear high borrowing costs.

The Auditor-General's (A-G's) Report for the fiscal year ended Dec 31, 2017 showed that the actual development expenditure ...

A-G: Over 90% of govt's loans to finance development projects have high borrowing costs

FAIRFORD, England (Sept 27): British police said on Sunday they had arrested several men on suspicion of explosives offences and Army bomb disposal experts were examining a number of vehicles in a "major incident" near an air base used by the US in southwest England.

Men arrested in major incident at UK air base used by US

PUTRAJAYA (Sept 27): Families of 55 Malaysians still missing following the flash flood in Nepal have urged the government to consider a special moratorium on the victims’ financial commitments, as their families are now facing difficulties accessing the victims’ accounts and assets, insurance coverage, and managing their loans.

Nepal floods: Families of 55 missing Malaysians seek PM’s intervention, moratorium

KUALA LUMPUR (Sept 27): Five areas, four in Johor and one in Sarawak, recorded Air Pollutant Index (API) readings at an unhealthy level as of 4pm on Sunday.

Five areas with unhealthy API, KL at moderate level as of 4pm 

(Sept 27): Iran said it’s awaiting a definitive US response to a seven-day proposal for reopening the crucial Strait of Hormuz but won’t soften its conditions, after President Donald Trump voiced his rejection.

Iran says won’t soften demands after Trump rejects Hormuz offer

KUALA LUMPUR (Sept 27): The Malaysian Anti-Corruption Commission (MACC) has started an investigation into losses incurred by UiTM Holdings Sdn Bhd in 2023.

MACC probes UiTM Holdings’ losses, RM42 mil solar project payment

BHUBANESWAR, India/KATHMANDU (Sept 27): Heavy rain and storms have triggered floods and landslides across parts of India and neighbouring Nepal, killing at least 19 people and leaving 10 workers missing as rivers rose above danger levels, authorities said.

Floods, landslides kill 15 in India, four in Nepal as rivers rise

KUALA LUMPUR (Sept 27): Barisan Nasional (BN) will finalise the form of political cooperation and the logo to be used for the Melaka state election after completing discussions with the relevant party leaders this week, said its chairman Datuk Seri Dr Ahmad Zahid Hamidi.

Melaka polls: BN to finalise political cooperation, logo this week — Ahmad Zahid

ZURICH (Sept 27): Swiss voters will decide on Sunday whether to approve a more restrictive form of neutrality that would block their ​country from imposing economic sanctions or cooperating with Nato.

Swiss vote on tightening neutrality rules, ending peacetime cooperation with Nato

KUALA LUMPUR (Sept 27): Barisan Nasional (BN) chairman Datuk Seri Dr Ahmad Zahid Hamidi will hold a special meeting on Sunday night with assemblymen from the parties forming the Negeri Sembilan government to seek a solution to the political crisis in the state.

Zahid to meet Negeri Sembilan BN, PAS, Wawasan assemblymen tonight

BANGKOK (Sept 27): Floodwaters receded in many parts of the Thai capital Bangkok on Sunday after torrential rain eased, even as residents in some flooded neighbourhoods remained stranded in their homes.

The Bangkok Metropolitan Administration (BMA) declared the capital a disaster-affect...

Bangkok floodwaters recede after torrential rain as residents count losses

BANGI (Sept 26): Prime Minister Datuk Seri Anwar Ibrahim emphasised that the government abides by the spirit of the Federal Constitution and the decision of the Yang di-Pertuan Agong regarding the case involving former prime minister Datuk Seri Najib Tun Razak.

Najib's conditional pardon: Country cannot tolerate corruption or act of plundering national wealth, says PM

KUALA LUMPUR (Sept 27): In this week’s cover story of City &amp; Country, we talk to Country Garden Pacificview Sdn Bhd (CGPV) executive director and chief of regional industrial business development Kevin Li and regional vice-president Syarul Izam Sarifudin on the latest update of Forest City, as well as the company’s future game plan for the 7,500-acre development in Johor.

Standing firm at Forest City

WE, the members of G25, are deeply disturbed by the unprecedented attempts to remove His Royal Highness Tuanku Muhriz Tuanku Munawir as the Yang di-Pertuan Besar of Negeri Sembilan, and by the extraordinary events that have followed.&nbsp;

Opinion: G25 statement on the rule of law in Negeri Sembilan

BUTTERWORTH (Sept 27): The police will summon former Negeri Sembilan state executive council (exco) members starting Monday (Sept 28) and the day after to record their statements, to assist the investigation into the administrative and royal institution crisis in the state following several police reports lodged regarding the matter.

IGP: Police to record statement of former Negeri Sembilan exco

BENGALURU (Sept 27): Boeing has identified a previously undisclosed 737 MAX software glitch that could cause an automated navigation feature to fail during landing, the Wall Street Journal reported on Saturday, citing company documents.

The issue emerged from a cockpit software...

Boeing flags 737 MAX software glitch affecting landing navigation feature, WSJ reports

NEW YORK (Sept 27): The veto power of the United Nations Security Council (UNSC) must be challenged and ultimately abolished to address the Council’s failures, Malaysian Foreign Minister Datuk Seri Mohamad Hasan said.

He said expanding the Council’s membership alone would not be enough ...

UNSC veto must be challenged, abolished – Mohamad Hasan

PUTRAJAYA (Sept 27): Families of 55 Malaysians still missing following the flash flood in Nepal have urged the government to consider a special moratorium on the victims’ financial commitments, as their families are now facing difficulties accessing the victims’ accounts and assets, insurance coverage, and managing their loans.&nbsp;

WASHINGTON/UNITED NATIONS/CAIRO (Sept 27): Iran on Sunday insisted that only diplomacy can solve its conflict with the United States and Israel after US President Donald Trump said he rejected an Iranian proposal to reopen the Strait of Hormuz and end fighting.

Iran insists on diplomatic solution after Trump rejects peace plan

KUALA LUMPUR (Sept 27): Quill Group of Companies Sdn Bhd and China Mobile International (Malaysia) Sdn Bhd (CMI) have signed a memorandum of understanding (MOU) to jointly explore opportunities in artificial intelligence (AI) digitalisation and data centres in Malaysia.

Quill Group, China Mobile International to explore AI, data centre opportunities in Malaysia

In keeping with the adage that history never repeats itself but often rhymes, I suspect that we could soon see developments in international macroeconomic policy for which there are clear precedents. As with the Plaza Accord in 1985, when the United States and four of its major trading partners agreed to coordinate policies to weaken the US dollar, a new agreement to address today’s global imbalances has become increasingly necessary.

The Emerging World: China’s External Surplus Makes a “Mandarin Accord” Inevitable

KUALA LUMPUR (Sept 27): The name John Heah might not instantly be on everyone’s lips when it comes to the topic of built spaces, but the designs dreamed up by the Penang-born, London-based principal and owner of architectural firm Heah &amp; Co have been bewitching jet-set travellers and luxury e...

Of space + style

KUALA LUMPUR (Sept 27): Five areas, four in Johor and one in Sarawak, recorded Air Pollutant Index (API) readings at an unhealthy level as of 4pm on Sunday.

(Sept 27): Under the shadow of Beijing’s single-minded focus on artificial intelligence, China’s consumer stocks are trapped in a lost decade.

China’s consumer stocks face lost decade as AI steals spotlight

MELAKA (Sept 27): Pakatan Harapan (PH) Melaka has confirmed that it has completed seat allocations among its state-level component parties for the upcoming Melaka state election.&nbsp;

Melaka seat allocation completed, PH Presidential Council to finalise, says Adly Zahari

(Sept 27):&nbsp;South Korea’s excess tax revenue may exceed 50 trillion won (US$37 billion) this year, according to a Yonhap News report, reflecting factors including a stronger-than-expected semiconductor cycle.

South Korea tax windfall seen above 50 tril won — Yonhap

KUALA LUMPUR (Sept 27):&nbsp;A signalling system disruption between Kalumpang and Kuala Kubu Bharu on Saturday (Sept 26) left KTM Komuter and ETS services delayed by up to five hours.

Signalling disruption caused up to five-hour delays for KTM Komuter, ETS

(Sept 27): Saudi Aramco has hired Evercore Inc&nbsp;to advise on a major restructuring that would create a standalone gas division and open the door to a potential future listing of the unit, according to people familiar with the matter.&nbsp;

Saudi Aramco said to work with Evercore on gas unit plans — Bloomberg

NEW YORK (Sept 27): The Global South must have a meaningful role in shaping decisions on artificial intelligence (AI) rather than merely becoming a destination for data centres, Malaysian Foreign Minister Datuk Seri Mohamad Hasan said.

He said AI was transforming economies, societies an...

Global South must have greater say in AI governance, says Mohamad Hasan

WASHINGTON (Sept 26): The US Transportation Department on Monday will finalise sharply lower vehicle fuel economy standards through 2031, reversing a push by the Biden administration ​to force automakers to build more electric vehicles, officials said on Saturday.

US to finalise sharply lower vehicle fuel economy standards

BANGKOK (Sept 27): Floodwaters receded in many parts of the Thai capital Bangkok on Sunday after torrential rain eased, even as residents in some flooded neighbourhoods remained stranded in their homes.

The Bangkok Metropolitan Administration (BMA) declared the capital a disaster-affect...

AG's Report 2017

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AG's Report 2017

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