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Najib: Malaysia economy getting worst faster than expected

PUCHONG: Former Prime Minister Datuk Seri Najib Tun Razak said Malaysia’s economy is getting worse faster than expected when  Bank Negara unexpectedly cut its reserve ratio to 3 %. In a Facebook posting, Najib said the cut means the government

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Najib: Cronies rejoicing over RM46 bln price tag for PTMP

PUCHONG: Former prime minister Datuk Seri Najib Tun Razak mocked Finance Minister Lim Guan Eng for getting the government to bear the cost of the Penang Transport Master Plan (PTMP) to the tune of RM46 billion. In a Facebook post

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1MDB board was unaware of US$1 bil JV fund split

KUALA LUMPUR: The High Court today was told that the 1Malaysia Development Berhad (1MDB) board of directors (BOD) was not informed about the decision to split the US$1 billion meant for 1MDB-PetroSaudi International Ltd (PSI) joint venture (JV) into US$300

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1MDB was Najib, Najib was 1MDB, says witness

KUALA LUMPUR: Former chief executive officer of state-owned sovereign wealth fund, 1Malaysia Development Berhad (1MDB) today described that the “1MDB was Datuk Seri Najib, Datuk Seri Najib was 1MDB”. Datuk Shahrol Azral Ibrahim Halmi, 49, who was the ninth prosecution

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Former 1MDB CEO received 18 months’ bonus

KUALA LUMPUR: The High Court here today heard that the former chief executive officer (CEO) of 1Malaysia Development Berhad (1MDB) received 18 months’ bonus in 2012, when he was earning over RM80,000 per month. Datuk Shahrol Azral Ibrahim Halmi, 49,

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‘Jho Low manipulated Najib’

KUALA LUMPUR: Prosecution witness Amhari Efendi Nazaruddin testified that fugitive businessman Low Taek Jho alias Jho Low may have manipulated former premier, Datuk Seri Najib Razak regarding 1MDB. He said this while being cross examined by lead defence counsel Tan

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Najib’s trial postponed again due to conjunctivitis

KUALA LUMPUR: Former prime minister Datuk Seri Najib Razak’s 1MDB trial has been postponed for the second time as he has once again contracted conjunctivitis. The Kuala Lumpur High Court was told of this matter by lead defence counsel, Muhammad

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Jho Low was close to Rosmah, says Amhari

KUALA LUMPUR: Former Prime Minister Datuk Seri Najib Abdul Razak’s former special officer Amhari Efendi Nazaruddin who is being questioned by lead defence counsel Muhammad Shafee Abdullah testified as to how he concluded that fugitive businessman Low Taek Jho was

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“Jho Low was close to Najib, I believe”

KUALA LUMPUR: A former aide, Amhari Efendi Nazaruddin testified that fugitive businessman, Jho Low was most often spotted in the residence of former prime minister, Datuk Seri Najib Razak.  He said this as believed that Jho Low was close to

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Amhari took US$200,000 loan from Jho Low

KUALA LUMPUR: Amhari Efendi Nazaruddin revealed that he opted to take a loan from elusive fugitive businessman, Low Taek Jho, better known as Jho Low after his attempts to gain a loan from banks failed. Amhari received US$200,000 in 2010,

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