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Spooked by 1MDB scandal, bond funds turn off Malaysia1MDB

  • Jun 18, 2018
Rating agencies are likely to downgrade Malaysia sooner rather than later if its fiscal health deteriorates significantly due to liabilities arising from 1MDB, says Brown Brothers Harriman.FUND managers are cutting their holdings in Malaysian bonds due to uncertainty over the magnitude of losses that have been uncovered in the scandal-ridden 1Malaysia Development Bhd (1MDB) probe, said Bloomberg.The escalating 1MDB controversy, the removal of the goods and services tax, and the disclosure that M
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Kedah govt open to criticism, says Mukhriz

  • Jun 18, 2018
Kedah Menteri Besar Mukhriz Mahathir says the Pakatan Harapan election promises will be fulfilled.THE Kedah government is open to any criticism or reprimand from the people if it commits any error, said the menteri besar.Kedah Menteri Besar Mukhriz Mahathir said the Pakatan Harapan state government hoped the people would continue to give their support and endorsement to his leadership to ensure all government policies could be implemented as best as possible.“The people’s support is very imp
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Jack Ma hails Dr Mahathir’s tech savviness

  • Jun 18, 2018
Alibaba's Jack Ma met with Malaysia's Prime Minister Dr Mahathir Mohamad in Putrajaya today. The two men exchanged ideas in the hour-long meeting.ALIBABA Group founder and executive chairman Jack Ma met with Dr Mahathir Mohamad today and came away surprised at the prime minister’s grasp of technology.“I am surprised by his knowledge about technology,” he said to Bernama after the meeting at the Prime Minister’s Office here.He said that during the one-hour meeting, which started at about
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Election shock leaves Umno news portals‎ scrambling

  • Jun 18, 2018
News portals such as AgendaDaily, which rely on funding from Umno to carry out their cyber activities, have been hard hit by the party's loss in GE14.FOLLOWING Umno and Barisan Nasional (BN)’s defeat in the 14 general election (GE14), some news portals that were tied to the party have shut down while those still operating have shed staff in order to survive.   These online outfits had received funds directly from Umno’s news media unit or the Special Affairs Department (JASA) that
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MO1, we may forgive you but justice must be served

  • Jun 18, 2018
YOURSAY | ‘Indeed, rule of law is not in the forgiving or forgetting business.’In Raya spirit, Anwar forgives Najib over ‘small matters’Anonymous 2436471476414726: Ex-PM Najib Razak, you have ravaged our country financially, economically, structurally, administratively, etc, and leaving mountains of debts for the rakyat and future generation to service. And you want the rakyat to forgive and forget?We would not forget easily and as for forgiveness, only Allah can grant you that. The leas
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In Raya spirit, Anwar forgives Najib over ‘small matter’’

  • Jun 18, 2018
Anwar Ibrahim with Dr Wan Azizah Wan Ismail, attending a Raya gathering at the Guar Perahu PKR office in Bukit Mertajam.But the PKR leader says due process must continue over alleged misappropriation of funds by the former prime minister.BUKIT MERTAJAM: Anwar Ibrahim today said he was ready to forgive Najib Razak for “trivial matters” in the spirit of Hari Raya, but not for misappropriation of funds which the former prime minister has been accused of.“The law must take its course. If it is
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Cops will do what it takes to arrest Jho Low, says minister

  • Jun 17, 2018
The businessman and four others are being sought for investigations into allegations that as much as US$4.5 billion was siphoned from 1MDB.MUAR: Home Minister Muhyiddin Yassin is confident the police would take the necessary steps to arrest businessman Low Taek Jho, better known as Jho Low, who is being sought in connection with the 1MDB probe, Bernama reported.Jho Low and four others are wanted by the Malaysian Anti-Corruption Commission for investigations into allegations that as much as US$4.
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Lawyer: You can’t give immunity to Jho Low as he is ‘principal offender’

  • Jun 17, 2018
Lawyer N Sivananthan on why Dr Mahathir could not agree to businessman's request for immunity from criminal prosecution.He says it is just a matter of time before Jho Low is arrested by Interpol or the authorities where he is seeking refuge, before being handed over to Malaysia. PETALING JAYA: Fugitive businessman Low Taek Jho could likely have sought immunity from criminal prosecution in exchange for providing information to a task force investigating state investor 1MDB, a lawyer said.N S
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Kula to meet IGP on Indira’s case

  • Jun 17, 2018
Kula to meet IGP to help find Indira Gandhi’s daughter.He says court had ordered Muhammad Riduan Abdullah to hand over Prasana Diksa to his former wife.IPOH: Human Resources Minister M Kulasegaran, who is also counsel to M Indira Gandhi, will meet Inspector-General of Police Mohamad Fuzi Harun to expedite the process of finding the woman’s youngest daughter.Kulasegaran said the court had ordered Muhammad Riduan Abdullah to hand over Prasana Diksa to his former wife, apart from ordering the m
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China ‘lost the plot’ in striking deals with Najib govt, says expert

  • Jun 17, 2018
Universiti Malaya’s Peter TC Chang says China needs to prohibit collusion between its companies and 'corrupt regimes' overseas, while ensuring care for civil liberties in its dealings.Beijing must set in place stronger moral oversight of its fast expanding international footprint, like in the ECRL rail project in Malaysia.PETALING JAYA: An expert on China’s international relations has claimed that the superpower “lost the plot” in its dealings with the previous Malaysian government and n
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