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KUALA LUMPUR, Aug 11 (Bernama) – The impairment policy of Lembaga Tabung Haji (TH) was changed from 70 per cent to 85 per cent and then 90 per cent within one day for financial year 2017, thus allowing the year's profits to be increased for the payment of profit distributions, according to the Royal Commission of Inquiry (RCI) Report.
KUALA LUMPUR, Aug 11 (Bernama) -- Lembaga Tabung Haji’s (TH) investment in Putrajaya Perdana Bhd (PPB) and putting the then TH chairman as PPB chairman have dragged TH into 1Malaysia Development Bhd’s (1MDB) transactions, ultimately causing RM145.3 million in losses.
KUALA LUMPUR, Aug 11 (Bernama) – Lembaga Tabung Haji (TH) is continuing its efforts to obtain the remaining arbitration award from Saudi Arabia-based property developer and project management company Al-Rawda Real Estates Development & Project Management Co Ltd, including through asset tracing, after the company only paid 14.9 million Saudi riyal (one Saudi riyal = RM1.09) out of the 899 million Saudi riyal awarded.
KUALA LUMPUR, Aug 10 (Bernama) -- Inta Bina Group Bhd’s wholly-owned subsidiary, Inta Bina Sdn Bhd, has secured a main building works contract worth RM115.65 million from Sime Darby Property (KL East) Sdn Bhd.
GEORGE TOWN, Aug 10 (Bernama) -- The Economy Ministry is finalising its development spending proposals for Budget 2027, with its findings and recommendations expected to be submitted to the Ministry of Finance by mid-August.
KUALA LUMPUR, Aug 7 (Bernama) -- DPS Resources Bhd’s wholly-owned subsidiary, Shantawood Sdn Bhd, has inked a memorandum of understanding (MoU) with Hangyue Intelligent Electrical Co. Ltd to establish a long-term strategic partnership in digital energy infrastructure, data centres, industrial development and related projects in Malaysia.
LABUAN, Aug 7 (Bernama) -- The 18-hole Labuan International Golf Club (LIGC), which has hosted Professional Golf of Malaysia (PGM) championships co-sanctioned by the Asian Development Tour (ADT), is among five strategic assets being offered by Labuan Corporation for lease and development.
KUCHING, Aug 6 (Bernama) -- The ninth International Digital Economy Conference Sarawak (IDECS) 2026 will be held from Oct 5 to 6 at the Borneo Convention Centre Kuching (BCCK) under the theme 'Scaling Innovation Ecosystems for a Borderless Economy: Earth, Orbit and Beyond'.
KUALA LUMPUR, Aug 6 (Bernama) -- The government has initiated an expiry review of the anti-dumping duties imposed on imports of prepainted, painted or colour-coated steel coils (subject merchandise) originating or imported from China and Vietnam.
KUALA LUMPUR, Aug 6 (Bernama) -- Tong Herr Resources Bhd’s major shareholders, Allrich Corp and Richard Holdings Ltd, as the joint offerors, have proposed to take the company private by way of a selective capital reduction and repayment (SCR) exercise.
KUALA LUMPUR, Aug 6 (Bernama) -- Malaysia has initiated an anti-dumping duty investigation on imports of flat rolled products of other alloy and non-alloy steel, plated or coated with aluminium and zinc, originating or exported from China, Taiwan and Vietnam (the subject merchandise).
KUALA LUMPUR, Aug 6 (Bernama) -- Malaysia offers one of the region's strongest business environments, underpinned by a sound fiscal framework, making it an attractive investment destination for foreign investors, according to BMI, a Fitch Solutions company.
