Monthly Archives: May 2015

May 31

Felda settler group rejects explanation on share price plunge

Anak president Mazlan Aliman says Felda’s explanation on plunge in share price us just an excuse for FGVH’s poor business decisions. – The Malaysian Insider file pic, May 31, 2015.Felda settlers have rejected Felda Global Ventures Holdings Berhad’s (FGVH) explanation that the fall in share prices and the company’s poor performance were partly due to […]

May 29

Bicycle allowance among culprits in MAS financial drain, says new boss

Some 180 types of allowances paid out by Malaysia Airlines, including a monthly bicycle allowance to one employee, contributed to its financial drain, The Star reported today. It quoted MAS chief executive officer Christoph Mueller as saying that huge overtime claims, over-priced contracts and salaries also added to the airline’s costs. But Mueller said that […]

May 26

Future of Malaysia Airlines staff draws attention of elected reps

The welfare of Malaysia Airlines (MAS) workers, who were reported to be facing retrenchment, received the attention of Members of Parliament who want their interests be prioritised. Johari Abdul Ghani (BN-Titiwangsa) said the workers involved must be assisted as they have families and debt commitments which must be settled. “The fasting month is also close, […]

May 24

1MDB shakeup proposal will be tabled to Cabinet

An IN-DEPTH report on the proposed restructuring of cash strapped 1Malaysia Development Bhd (1MDB) will be tabled to the Cabinet next week, as the last resort to save the strategic investment fund from collapsing. Malaysian Reserve’s P Prem Kumar reports: Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah said the government still believes a restructuring […]

May 23

Anwar’s lawyers fight Saiful’s attempt to use sodomy conviction in defamation suit

A supporter of Mohd Saiful Bukhari Azlan outside the Palace of Justice in Putrajaya in February, when the Federal Court ruled that the Datuk Seri Anwar Ibrahim had sodomised his former personal aide. – The Malaysian Insider pic, May 23, 2015. Mohd Saiful Bukhari Azlan who filed a RM50 million defamation suit against Datuk Seri […]

May 23

‘Why must Salleh approve my NFC takeover?’ asks convicted con man

Former National Feedlot Corporation (NFC) consultant Shamsubahrin Ismail today questioned the Ministry of Finance’s (MOF) motives in requiring him to secure NFC’s approval for his proposed takeover of NFC’s cattle farming project. Shamsubahrin, who was sentenced by the Kuala Lumpur Sessions Court on Monday on five counts of cheating Salleh, faces a five-year jail term […]

May 22

Rafizi Ramli’s BAFIA hearing set for 19 June

The Sessions Court in Shah Alam today set June 19 to hear the case of PKR secretary-general Mohd Rafizi Ramli under the Banking and Financial Institutions Act (BAFIA). Judge Zamri Bakar, who set the date, will now hear the case because Judge Rozina Ayob recused herself on May 15 on the grounds that she was […]