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Fauzi joined a chorus of strong criticisms against Rafizi , with Minister in the Prime Minister's Department Datuk Seri Rahman Dahlan calling it akin to an economic sabotage.

Independent power producer (IPP), Edra Power Holdings Sdn Bhd, is on track to build its pilot large-scale solar photovoltaic plant in Kedah by early 2018, with a generating capacity of 50 MWac.

In a statement today, Edra Power said, at 8.20am on Feb 2, the current transformer of Unit 1 at the plant's switchyard burst and caught fire.

This debt repayment and overall debt reduction is a tangible result of 1MDBs successful rationalisation plan.

1MDB has completed the asset monetisation of Edra Global Energy Bhd, with the exchange of shares for cash with a related party.

The Finance Ministry said this was achieved following the share sale and purchase agreement signed with CGN for the sale of 1MDB's 100 per cent ownership in Edra's energy assets on Nov 23 this year.

1Malaysia Development Bhd (1MDB) clarified the allegations made by former prime minister Tun Dr Mahathir Mohamad regarding the sale of Edra Global Energy Berhad.

1MDB's energy arm, Edra Global Energy Bhd, is disposing of all its assets to China General Nuclear Power Corp and its units for RM9.83 billion.

The 4B project is the development of a new 2,000MW to 2,400MW combined cycle power plant in Alor Gajah, Malacca.

The strategic investment company was in the process of negotiating the sale and purchase agreement (SPA) with the three final bidders for Edra Global Energy.

1MDB expects to rake in billions from equity sales in Edra Energy, from debt equity swap with an Abu Dhabi wealth fund and from land and equity sales in Bandar Malaysia.

Over the next few weeks, 1MDB will be conducting an evaluation of the offers received, including reviewing the terms and conditions of the definitive agreements proposed.

1Malaysia Development Bhd has started the land sale tender process for its 128.7 hectares in Pulau Indah, Selangor.

1Malaysia Development Bhd (1MDB) expects to shortlist preferred bidders to participate as development partners in Bandar Malaysia project before the end of this week.

Arul Kanda Kandasamy remains confident that 1MDB debts can be settled within six months.

For four years, the bar at Trump International Hotel in downtown Washington was the place to be seen for Donald Trump's circle of allies.

By the end of year, the island could be producing up to 1,400 tonnes of trash a day, overwhelming its sole landfill, deputy mayor says.

Joe Biden's record on the world stage is likely to be heavily defined by his handling of the 15-month war in Gaza.

This leaves the incoming Donald Trump administration to make the decision, according to a White House official.

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The US is set to roll out strict export controls on advanced AI chips. National AI Office Head Sam Majid says the impact on Malaysia will remain minimal for now.

Apple has been dethroned as China’s top smartphone seller, plunging 17% in 2024. Local brands Vivo and Huawei have overtaken the tech giant, bringing it now to 3rd place.

Thailand is stepping up security for tourists to restore confidence among Chinese visitors, with PM Paetongtarn Shinawatra to record a message in Chinese to reassure tourists of their safety.

Malaysia will continue its approach in engaging both the U.S. and China. PM Datuk Seri Anwar Ibrahim says the U.S. remains the largest source of foreign direct investment for the country.

If successful, the ceasefire would halt fighting that has razed much of heavily urbanised Gaza, killed over 46,000 people.