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Exemption of CGT, taxes on FSI deemed to boost capital market performance

Exemption of CGT, taxes on FSI deemed to boost capital market performance

PwC Malaysia tax partner Jennifer Chang said the exemption would encourage more unit trusts to be set up in the capital market.
Wed Jan 17 2024
Corruption charges: Bung Moktar, Zizie Izette to testify beginning Sept 23

Corruption charges: Bung Moktar, Zizie Izette to testify beginning Sept 23

Bung Moktar and his wife Zizie Izette will enter their defence on three counts of corruption charges amounting to RM2.8 million on Sept 23.
Fri Sep 02 2022
Court to decide on Sept 2 if Bung Moktar, Zizie Izette need to enter defence

Court to decide on Sept 2 if Bung Moktar, Zizie Izette need to enter defence

The Sessions Court today set Sept 2 to decide whether Bung Moktar and his wife Zizie Izette will need to enter their defence on corruption charges in connection with unit trust investment.
Fri Jun 24 2022
EPF enhances i-Invest portal with new features to help members make informed decisions

EPF enhances i-Invest portal with new features to help members make informed decisions

The enhanced i-Invest portal also incorporated Lipper-assigned benchmarks for members to compare against the unit trust funds' performances.
Thu Jun 16 2022
Zizie Izette admits receiving RM2.8 million as introduction fee  - Witness

Zizie Izette admits receiving RM2.8 million as introduction fee - Witness

The Sessions Court here was told today that Zizie Izette Abdul Samad admitted she received an introduction fee of RM2.8 million from a unit trust consultant.
Tue May 10 2022
Felcra board of directors aware of risks involved in unit trust investment - Witness

Felcra board of directors aware of risks involved in unit trust investment - Witness

Former Felcra Bhd group CFO told the Sessions Court today that Felcra's BOD was aware that the decision to invest RM150 million in Public Mutual Berhad's unit trust was risky.
Fri Apr 08 2022
Former CFO ordered to expedite Felcra BOD RM150 million investment resolution

Former CFO ordered to expedite Felcra BOD RM150 million investment resolution

Former Felcra CFO told the Sessions Court today that he had received direct instructions from Bung Moktar Radin to expedite the BOD's resolution on Felcra's RM150 million investment in unit trusts.
Wed Apr 06 2022
Finance Ministry approves RM150 mln unit trust investment  - Witness

Finance Ministry approves RM150 mln unit trust investment - Witness

The Sessions Court was today told that the Finance Ministry agreed to approve the RM150 million investment by Felcra in unit trust after three investment proposal papers were submitted by Bung Moktar.
Tue Mar 29 2022
CEO was not informed of Felcra proposal to invest RM50 mln over office cold war - Witness

CEO was not informed of Felcra proposal to invest RM50 mln over office cold war - Witness

The Sessions Court today was told that Felcra's proposal to invest RM50 million in Public Mutual Berhad unit trust was made without the knowledge of the CEO Datuk Ramlee Abu Bakar.
Mon Mar 28 2022
There was a conspiracy against Bung Moktar, Zizie Izette - Witness

There was a conspiracy against Bung Moktar, Zizie Izette - Witness

The Sessions Court hearing a corruption case involving Bung Moktar and his wife Zizie Izette with regard to Felcra's investment in unit trust was told that there was a conspiracy to charge the couple.
Fri Mar 18 2022
Zizie Izette eligible to receive RM2.8 mln as introduction fee - Witness

Zizie Izette eligible to receive RM2.8 mln as introduction fee - Witness

The Sessions Court today was told that Bung Moktar's wife, Zizie Izette was eligible to receive an introduction fee of RM2.8 million.
Thu Jan 27 2022
Witness said she met with Bung Moktar, wife to discuss unit trust investment

Witness said she met with Bung Moktar, wife to discuss unit trust investment

A unit trust consultant told the Sessions Court today that she had met with Bung Moktar Radin and his wife Zizie Izette Abdul Samad concerning investment in Public Mutual Berhad's unit trust.
Wed Jan 26 2022
Bung Moktar did not ask for RM3.5 mln commission for Felcra's investment - Witness

Bung Moktar did not ask for RM3.5 mln commission for Felcra's investment - Witness

The Session's Court was told that Bung Moktar did not ask for RM3.5 million commission from the investment agent to approve the RM150 million investment in Public Mutual unit trust.
Fri Jan 14 2022
Zizie Izette received RM2.2 mln for introducing investment agents to Bung Moktar - Witness

Zizie Izette received RM2.2 mln for introducing investment agents to Bung Moktar - Witness

The Sessions Court here today was told that Bung Moktar's wife Zizie Izette had received RM2.2 million in cash for introducing Public Mutual Berhad investment agents to her husband.
Fri Nov 26 2021
EPF members can now purchase up to 8 unit trust funds via i-Invest

EPF members can now purchase up to 8 unit trust funds via i-Invest

EPF said previously, members could only purchase multiple unit trust funds from one FMI in a single transaction.
Mon Oct 25 2021
What to watch for ahead of US presidential inauguration

What to watch for ahead of US presidential inauguration

Here's a timeline of events between now and inauguration day.
Sat Nov 23 2024
The battle to reduce road deaths

The battle to reduce road deaths

In Malaysia, over half a million road accidents have been recorded so far this year.
Sat Nov 23 2024
Pro-Palestinian NGOs seek court order to stop Dutch arms exports to Israel

Pro-Palestinian NGOs seek court order to stop Dutch arms exports to Israel

The Dutch state, as a signatory to the 1948 Genocide Convention, has a duty to take all reasonable measures at its disposal to prevent genocide.
Sat Nov 23 2024
How quickly can Trump's Musk-led efficiency panel slash US regulations?

How quickly can Trump's Musk-led efficiency panel slash US regulations?

Moves by Trump and his appointees to eliminate existing rules will be met with legal challenges, as many progressive groups and Democratic officials have made clear.
Sat Nov 23 2024
2TM: Consultations on PTPTN loans, admission to IPTA at MOHE booth

2TM: Consultations on PTPTN loans, admission to IPTA at MOHE booth

Consultations on PTPTN loans and admission to IPTA are among services provided at the Higher Education Ministry booth.
Sat Nov 23 2024
Kampung Tanjung Kala residents affected by flooded bridge every time it rains heavily

Kampung Tanjung Kala residents affected by flooded bridge every time it rains heavily

Almost 200 residents from 60 homes in Kampung Tanjung Kala have ended up stuck when their 200-metre (m) long concrete bridge flooded.
Sat Nov 23 2024
COP29 climate summit draft proposes rich countries pay $250 billion per year

COP29 climate summit draft proposes rich countries pay $250 billion per year

The draft finance deal criticised by both developed and developing nations.
Fri Nov 22 2024
Bomb squad sent to London's Gatwick Airport after terminal evacuation

Bomb squad sent to London's Gatwick Airport after terminal evacuation

This was following the discovery of a suspected prohibited item in luggage.
Fri Nov 22 2024
Kelantan urges caution amidst northeast monsoon rains

Kelantan urges caution amidst northeast monsoon rains

Kelantan has reminded the public in the state to refrain from outdoor activities with the arrival of the Northeast Monsoon season.
Fri Nov 22 2024
Former New Zealand PM Jacinda Ardern receives UN leadership award

Former New Zealand PM Jacinda Ardern receives UN leadership award

Former New Zealand prime minister Jacinda Ardern was given a global leadership award by the United Nations Foundation.
Fri Nov 22 2024