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MOF: Malaysia to pursue continued legal action, global cooperation for maximum 1MDB asset recovery

KUALA LUMPUR, Oct 8 — The government will continue to take legal action and strengthen international cooperation to maximise the recovery of the remaining misappropriated assets of 1Malaysia Development Bhd (1MDB), according to the Ministry of Finance (MoF). The ministry

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LCS 1 delivery pushed to April 2027, Defence Ministry issues damages notice to Lunas, says minister

KUALA LUMPUR, Oct 8 — Lumut Naval Shipyard (Lunas), the company building Malaysia’s first Littoral Combat Ship (LCS 1), has set April 2027 as the new delivery date for the vessel to the Ministry of Defence (Mindef) under Phase 1.

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