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Ex-1MDB CEO never entertained MOF Inc's requests for documents on JV deal with PSI - Witness

Ex-1MDB CEO never entertained MOF Inc's requests for documents on JV deal with PSI - Witness

A witness told the High Court that the former 1MDB CEO had never entertained requests from MoF Inc to get the documents on the 1MDB-PSI joint venture.
Thu Aug 25 2022
MoF invites public feedback on the application of ESG Principles in GLIC, MoF Inc

MoF invites public feedback on the application of ESG Principles in GLIC, MoF Inc

The PCP aims to obtain proposals based on ESG principles to increase the competitiveness of GLICs and MoF Inc.
Tue Aug 09 2022
Dewan Rakyat passes seven motions tabled by Finance Ministry

Dewan Rakyat passes seven motions tabled by Finance Ministry

The Dewan Rakyat today passed a motion for the government, through the MoF Inc, to make investment this year by changing the status of the remaining government loan totalling RM969.268 million.
Thu Aug 04 2022
Witness: CEO told MOF Inc 1MDB reported directly to Najib

Witness: CEO told MOF Inc 1MDB reported directly to Najib

The MOF's former deputy secretary-general today told the High Court that 1MDB reported directly to Najib Razak on the company's operations and affairs.
Mon Jun 20 2022
Agrobank financial position stable, able to pay govt dividend - AG's report

Agrobank financial position stable, able to pay govt dividend - AG's report

The financial position of Agrobank, under the purview of MoF Inc, had been stable between 2018 and 2021 and it had the capability to pay dividends to the government annually.
Tue Mar 22 2022
1MDB, M'sian govt sue KPMG for US$5.6 billion

1MDB, M'sian govt sue KPMG for US$5.6 billion

The government of Malaysia, Minister of Finance Inc (MoF Inc), 1Malaysia Development Berhad (1MDB) and four of its subsidiaries have filed a suit against 44 partners of accounting firm KPMG.
Fri Jul 09 2021
MOF confirms legal action filed against KPMG partners

MOF confirms legal action filed against KPMG partners

The Ministry of Finance (MoF) has confirmed that a writ and statement of claim have been filed against 44 individual partners of Malaysian accounting firm KPMG PLT on July 6, 2021.
Fri Jul 09 2021
RM4 billion KWAP loan: SRC files suit against Najib, six others for alleged breach of trust

RM4 billion KWAP loan: SRC files suit against Najib, six others for alleged breach of trust

SRC, now wholly owned by MoF Inc, alleged that Najib had abused his power and obtained personal benefits from SRC funds as well as misappropriated the funds.
Fri May 21 2021
MOF dismisses media claim regarding MSSB in 'Exchange 106' (TRX)

MOF dismisses media claim regarding MSSB in 'Exchange 106' (TRX)

MoF today clarified that MKD Signature Sdn Bhd (MSSB), a company owned by Minister of Finance (Incorporated) [MoF (Inc)] is still the major shareholder of Mulia Property Development Sdn Bhd (MPDSB).
Sun Apr 11 2021
IWK: Finance Ministry dismisses Ranhill Utilities's due diligence claim

IWK: Finance Ministry dismisses Ranhill Utilities's due diligence claim

It said Prokhas was appointed by MOF Inc to represent the latter as its consultant for the proposal.
Thu Dec 03 2020
IPIC to 1MDB: You have 5 days

IPIC to 1MDB: You have 5 days

Failure to do so would mean that both MOF Inc. and 1MDB would be subjected to additional obligations to both IPIC and to Aabar Investments PJS.
Tue Aug 01 2017
No allocation of special funds from GLCs, govt bodies for political parties

No allocation of special funds from GLCs, govt bodies for political parties

GLCs and government-owned companies through the Minister of Finance Incorporated (MOF Inc) do not provide annual funds specifically for contributions to politicians or political parties.
Tue Nov 17 2015
'No one will win a trade war,' China says after Trump tariff threat

'No one will win a trade war,' China says after Trump tariff threat

Donald Trump says he would impose the tariffs until China stops the flow of illegal drugs, particularly fentanyl, into the United States.
Tue Nov 26 2024
What has caused Pakistan's deadly clashes between police and supporters of Imran Khan?

What has caused Pakistan's deadly clashes between police and supporters of Imran Khan?

Topping the demands of Khan's Pakistan Tehreek-e-Insaf (PTI) party is the release of all its leaders, including Khan, who has been jailed on a series of corruption charges since August 2023.
Tue Nov 26 2024
One woman or girl killed every 10 minutes by intimate partner or family member - UN

One woman or girl killed every 10 minutes by intimate partner or family member - UN

The report highlights that "60 per cent of all female homicides" are committed by "people closely related to them".
Tue Nov 26 2024
Sweden urges Chinese ship to return for undersea cable investigation

Sweden urges Chinese ship to return for undersea cable investigation

Two subsea cables, one linking Finland and Germany and the other connecting Sweden to Lithuania, were damaged in less than 24 hours.
Tue Nov 26 2024
[COLUMNIST] Building more highways won’t solve traffic congestion - reducing demand will

[COLUMNIST] Building more highways won’t solve traffic congestion - reducing demand will

It is clear that adding more lanes and highways doesn't work, because we are still attempting the same approach to solve the issue.
Tue Nov 26 2024
Hyundai to invest RM2.16 bil in Malaysia through strategic partnership with INOKOM

Hyundai to invest RM2.16 bil in Malaysia through strategic partnership with INOKOM

This investment includes efforts to upgrade INOKOM's existing assembly capacity to meet Hyundai's automotive needs.
Tue Nov 26 2024
‘C4Cinta’ sets record as highest-grossing Malaysian Tamil film

‘C4Cinta’ sets record as highest-grossing Malaysian Tamil film

'C4Cinta', directed by young filmmaker Karthik Shamalan, has set a new benchmark in Malaysian Tamil cinema.
Tue Nov 26 2024
Man charged with mother's murder, storing body in freezer

Man charged with mother's murder, storing body in freezer

The court denied bail and scheduled case mention on Feb 7 for the submission of forensic, autopsy, and chemist reports.
Tue Nov 26 2024
Abolition of examination in schools to reduce pressure on pupils - Fadhlina

Abolition of examination in schools to reduce pressure on pupils - Fadhlina

The classroom assessment approach offers a much more interesting learning ecosystem, says Fadhlina Sidek.
Tue Nov 26 2024
Google, Meta urge Australia to delay bill on social media ban for children

Google, Meta urge Australia to delay bill on social media ban for children

Google and Meta says the government should wait for the results of an age-verification trial before going ahead.
Tue Nov 26 2024