Monthly Archives: July 2020

July 30

Shafie announces dissolution of Sabah state assembly

Sabah Chief Minister Datuk Seri Mohd Shafie Apdal has announced the dissolution of the state assembly in the midst of the current political turmoil. In a press conference at the Sabah Administrative Centre building here on Thursday (July 30), he said this was his prerogative as a Chief Minister to call for such a dissolution. […]

July 28

Najib fined RM210m and given 12-year jail term for power abuse charge, 10-year jail term each for all six other charges to be served concurrently

Datuk Seri Najib Razak has been sentenced to imprisonment and a fine by the High Court today after he was found guilty of abuse of power and misappropriating RM42 million from SRC International Sdn Bhd. High Court judge Mohd Nazlan Mohd Ghazali, in handing down the punishment, said he had taken into consideration all of […]

July 26

Ismail Sabri: Putrajaya to reimpose MCO if daily Covid-19 cases hit triple digits

The government will reimplement the movement control order (MCO) if the number of new Covid-19 cases climbs to three digits, said Senior Minister (Security Cluster) Datuk Seri Ismail Sabri Yaakob. “If it reaches three digits, we have no choice but to reintroduce the MCO (to curb the spread of the pandemic) and we will see. “I […]

July 24

Goldman Sachs, Malaysia agree to US$3.9b settlement over 1MDB

Malaysia on Friday said US investment bank Goldman Sachs has agreed to a US$3.9 billion (RM16.6 billion) settlement with the government over the multi-billion dollar 1MDB scandal. The deal includes a US$2.5 billion cash payout by Goldman and a guarantee by the bank to return at least US$1.4 billion in assets linked to 1MDB bonds, […]

July 16

MTUC urges govt to further extend loan moratorium by additional six months

Malaysian Trades Union Congress (MTUC) today urged Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz to extend the ongoing bank loans moratorium for another six months. The MalayMail Online reports: MTUC secretary-general J. Solomon said the congress’ main concern is the welfare of workers — especially blue-collar ones who have since lost their jobs due […]

July 16

Bukit Aman: It is an offence to ‘rent out’ your bank accounts, scammers use them to launder illegal funds

If you allow someone to use your bank account for illegal purposes — often referred to as “mule bank accounts” — you are breaking the law. Even if you are not directly involved in whatever your “renter” does. The MalayMail Online reports: Bukit Aman Commercial Crimes Investigation Department (CCID) acting director Commissioner Datuk Saiful Azly […]

July 06

PR firms still being paid millions for services to Jho Low

A London-based public relations firm is still being paid millions for services to businessperson Low Taek Jho, who is wanted as a key suspect in the alleged multi-billion ringgit theft of 1MDB funds and remains on the run, according to a report by UK-based The Guardian.  MalaysiaKini has the story: The report said Schillings, a […]

July 02

Employers may apply for recruitment incentives starting from today

Employers can now apply for employment incentives under the Employment Recruitment Incentives Programme (PenjanaKerjaya) handled by the Social Security Organisation (Socso), says Human Resources Minister Datuk Seri M. Saravanan (pic). The Star reports: The incentive programme, which was announced by Prime Minister Tan Sri Muhyiddin Yassin under Penjana on June 5, offers incentives of between […]