Malaysia News

Mat Sabu and Chin Tong release excerpts of LCS forensic audit, claim findings detail how senior execs formed companies to pursue vested interests

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>Former defence minister Mohamad Sabu and his former deputy Liew Chin Tong today released excerpts from a yet-to-be declassified forensic audit report on the Littoral Combat Ship (LCS) scandal ordered by the Pakatan Harapan (PH) administration in 2019. In a joint statement, the duo also lambasted the delay in declassifying the PH ordered forensic audit, […]</p>

19 August 2022 | 12:02 am

Malaysia’s chicken export to be considered only if domestic supply not affected, says special task force against inflation

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>The approval to export chicken will only be considered if the domestic chicken supply is not affected, said the chair of Malaysia’s special task force against inflation Annuar Musa on Wednesday (August 17). Annuar said this is to ensure that the price of chickens can be controlled. He also said that the issue involving provisions […]</p>

19 August 2022 | 12:02 am

Malaysia reports 3,516 new COVID-19 infections, 15 new deaths

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>Malaysia reported 3,516 new COVID-19 infections as of midnight Wednesday, bringing the national total to 4,744,929, according to the health ministry. There were three new imported cases, with 3,513 cases being local transmissions, data released on the ministry’s website showed. Another 15 deaths were reported, pushing the death toll to 36,117. The ministry reported 2,541 […]</p>

19 August 2022 | 12:02 am

Proposal for royal commission to probe Malaysia’s warship deal presented to Cabinet: Defence minister

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>The proposal on establishing a Royal Commission of Inquiry (RCI) to probe the littoral combatant ship (LCS) scandal has been presented to the Cabinet, said Malaysia’s Senior Defence minister Hishammuddin Hussein. “It is still in the process of discussion involving all parties, especially the ministers, but I cannot reveal what was discussed in the Cabinet […]</p>

19 August 2022 | 12:02 am

Najib’s newest counsel seeks to discharge himself if Federal Court won’t postpone hearing last SRC International appeal

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>Lawyer Hisyam Teh Poh Teik today applied to the Federal Court to discharge himself from representing Datuk Seri Najib Razak as lead counsel in the former prime minister’s final appeal against his conviction of misappropriating funds from SRC International Sdn Bhd if the defence’s request for adjournment is not granted. At the start of proceedings […]</p>

19 August 2022 | 12:02 am

6 Malaysian nationals indicted on drug trafficking charges

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>Six Malaysian nationals have been indicted on drug related charges in the largest seizure of heroin in Taiwan this year, Tainan District Prosecutors Office said Wednesday. In a statement, prosecutors said the six men were detained at sea with 122 kilograms of heroin and 300 kilogram of ketamine on board their Malaysia-registered tugboat, 117 nautical […]</p>

19 August 2022 | 12:02 am

Top Malaysian sectors affected by China’s economic slowdown

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>China, the world’s biggest economy, grew by just 0.4 percent in the second quarter of 2022, its weakest growth since the pandemic in 2020. This is largely owing to the Chinese government’s zero-Covid policy, which has led to lockdowns in several large cities including Shenzhen, Shanghai, and Beijing. As Malaysia’s biggest trading partner, a slowdown […]</p>

19 August 2022 | 12:02 am

In tribute, Guan Eng describes late Dr Chen as man with indomitable will to right wrongs

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>In a heartfelt tribute penned for the late Dr Chen Man Hin, DAP national chair Lim Guan Eng described the party’s former founding chair as a man with an indomitable will to right wrongs and an iron-clad determination to make Malaysia “filled with equal opportunity, socio-economic justice and human dignity.” Despite being soft-spoken and known […]</p>

19 August 2022 | 12:02 am

Federal Court rejects Hisyam Teh’s discharge bid, hearing for Najib’s last appeal starts now

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>Veteran lawyer Hisyam Teh has failed to get five judges in the Federal Court to allow him to discharge himself from representing Datuk Seri Najib Razak in the former prime minister’s final appeal against his conviction of misappropriating funds from SRC International Sdn Bhd. The panel, led by Chief Justice Tun Tengku Maimun Tuan Mat, […]</p>

19 August 2022 | 12:02 am

Amid LCS scandal, Pakatan promises armed forces ‘best treatment’ if it wins GE15

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>The Pakatan Harapan (PH) coalition today vowed to provide the country’s armed forces with the best if it gets the mandate to govern Malaysia again in the next general election. PH communications director Fahmi Fadzil said treating the military right included reviving all paused investigations into past asset procurement deals as well as the proposed […]</p>

19 August 2022 | 12:02 am

Education, Home Ministries launch channels for students and parents to report bullying in schools

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>The Education Ministry and Ministry of Home Affairs’ initiative called Sekolahku Sejahtera: Sepakat dan Selamat and anti-bullying portal to look into the prevalence of bullying was launched here today at the Sekolah Menengah Kebangsaan Putrajaya Presint 14(1). At the launch, Education minister Datuk Mohd Radzi Md Jidin and Home minister Datuk Seri Hamzah Zainuddin said […]</p>

19 August 2022 | 12:02 am

Najib’s final appeal for 1MDB-linked conviction: Court denies lead counsel’s request to discharge himself

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>The Federal Court on Thursday (August 18) denied a request by Najib Razak’s lawyer to discharge himself from representing the former prime minister in his final SRC International appeal. Hisyam Teh Poh Teik has earlier told the five-member bench that he is unable to act for Najib’s final appeal to overturn his 1Malaysia Development Bhd-linked […]</p>

19 August 2022 | 12:02 am

Barred from leaving Najib, Hisyam Teh says will file fresh submissions on top of Shafee’s defence for final appeal

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>Senior lawyer Hisyam Teh Poh Teik told the Federal Court this afternoon that he will file fresh submissions to defend Datuk Seri Najib Razak in the former prime minister’s final appeal against his conviction of misappropriating funds from SRC International Sdn Bhd. Hisyam had applied to discharge himself from acting as Najib’s counsel this morning […]</p>

19 August 2022 | 12:02 am

No one knows what happened to ‘frozen’ RM3.6bil, Najib hearing told

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>The prosecution in Najib Razak’s SRC International case told the Federal Court this afternoon that no one knows what happened to most of the RM4 billion belonging to Retirement Fund Incorporated, or KWAP, after it was transferred to an overseas bank. Ad hoc prosecutor V Sithambaram said a “significant bulk of the RM4 billion”, or […]</p>

19 August 2022 | 12:02 am

Najib’s SRC International hearing to resume on Friday

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>The prosecution in Najib Razak’s SRC International case will continue its submission before the Federal Court tomorrow. Ad hoc prosecutor V Sithambaram today narrated in court the story of the setting up of SRC International and how Najib was the company’s shadow director, having overarching control of it. “He (Najib) was in many aspects running […]</p>

19 August 2022 | 12:02 am

Comms minister: Malaysia draws RM7.2b in digital investments in first half of 2022

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>The Ministry of Communications and Multimedia (K-KOMM) through Malaysia Digital Economy Corporation (MDEC) has attracted more than RM7.2 billion in investments in the first half of 2022, apart from investments of RM10.94 billion recorded in 2021, bringing the total investments to RM18.14 billion. Its minister, Tan Sri Annuar Musa, said the investments which comprised foreign […]</p>

18 August 2022 | 12:02 am

Court rejects retrial for Malaysia’s Najib, grants final appeal hearing

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>Malaysia’s highest court said Tuesday it would hear former leader Najib Razak’s final bid to overturn his 12-year jail sentence for corruption, with an acquittal potentially clearing the way for his return to power. The appeal is the last high stakes court gambit left open to Najib but if he is unsuccessful he will have […]</p>

18 August 2022 | 12:02 am

Federal Court’s decision to dismiss Najib’s bid to admit new evidence limits the right of accused, says Umno Youth chief

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>Umno Youth chief Datuk Asyraf Wajdi Dusuki said the Federal Court’s decision to dismiss Datuk Seri Najib Razak’s motion to adduce additional evidence in his final appeal against his conviction for misappropriating funds from SRC International Sdn Bhd on technicalities limits the right of the accused. Asyraf said that Najib’s legal team should have been […]</p>

18 August 2022 | 12:02 am

Malaysia’s ex-PM Najib fails in bid to admit new evidence in final 1MDB appeal

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>Malaysia’s top court on Tuesday denied a request by former prime minister Najib Razak to introduce new evidence in his final appeal against a 12-year jail sentence for a case linked to the multibillion-dollar 1MDB financial scandal. Najib, 69, faces dozens of charges over the alleged theft of $4.5 billion from 1MDB, a state fund […]</p>

18 August 2022 | 12:02 am

KLK’s Q3 net profit slips to RM558.27m

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>Kuala Lumpur Kepong Bhd’s (KLK) net profit slipped to RM558.27 million in the third quarter ended June 30, 2022 (Q3FY2022) from RM783.94 million in the same period a year ago following lower contributions from the manufacturing segment and losses in investment holdings segments. Revenue, however, rose to RM6.97 billion from RM5.17 billion previously, it said […]</p>

18 August 2022 | 12:02 am

LCS declassified investigation report: Procurement of ships may cost govt RM11.145b

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>The government may need to fork out RM11.145 billion in total for the six controversial littoral combat ships (LCS), a substantial increase from the RM9 billion agreed upon years ago. According to the Investigating Committee of Procurement, Governance and Finance (JTSUPKK) report on Littoral Combat Ship (LCS), the main contractor the Boustead Naval Shipyard (BNS) […]</p>

18 August 2022 | 12:02 am

Malaysia’s ex-navy chief pleads not guilty to charges linked to warship deal

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>Former managing director of Boustead Naval Shipyard Sdn Bhd (BNS) Ahmad Ramli Mohd Nor on Tuesday (August 16) pleaded not guilty to three charges of criminal breach of trust over the littoral combatant ship (LCS) scandal. The 78-year-old, who used to be Malaysia’s navy chief, was alleged to have authorised payments totalling more than RM21 […]</p>

18 August 2022 | 12:02 am

Short-term rates end stable on BNM’s operations

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>Short-term interbank rates closed steady today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system. Liquidity in the conventional system eased to RM40.82 billion from RM44.44 billion this morning while Islamic funds fell to RM20.87 billion from RM22.33 billion previously. The central bank had earlier called for two conventional money […]</p>

18 August 2022 | 12:02 am

Group CEO: More headwinds in FY2023 for Sime Darby

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>Sime Darby Bhd is expecting more headwinds in the financial year ending June 30, 2023 (FY2023) amid high inflation and increased borrowing costs impacting consumers’ sentiment, said group chief executive officer (CEO) Datuk Jeffri Salim Davidson. He pointed out that headwinds in the supply chain had not been fully resolved and lockdowns in China due […]</p>

18 August 2022 | 12:02 am

AMMB net profit rises to RM419.2m in Q1

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>AMMB Holdings Bhd’s (AmBank Group) net profit rose 8.4 per cent to RM419.20 million in the first quarter ended June 30, 2022 (Q1) from RM386.60 million registered in the same period a year ago. Revenue for the quarter under review decreased to RM1.16 billion from RM1.24 billion previously. AmBank Group chief executive officer Datuk Sulaiman […]</p>

18 August 2022 | 12:02 am

Declassified investigation report into littoral combat ship procurement now available online

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>The governance, procurement and finance investigation committee’s (JKSTUPKK) report on the littoral combat ship (LCS) project for the Royal Malaysian Navy has been declassified. DAP lawmaker Wong Kah Woh, who heads Parliament’s Public Accounts Committee (PAC), confirmed receiving a copy of the declassified report on his Facebook page this afternoon. “The PAC will upload this […]</p>

18 August 2022 | 12:02 am

Declassified investigation report into LCS project reveals committee recommended govt to honour existing contract

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>The governance, procurement and finance investigation committee’s (JKSTUPKK) report on the Royal Malaysian Navy’s littoral combat ship (LCS) project had ultimately recommended the Malaysian government to honour the existing contractual obligations instead of terminating them. In the recently declassified report, the committee had proposed two options for the government to undertake in the existing contract […]</p>

18 August 2022 | 12:02 am

TNB to invest RM20b to fast-track energy transition plan

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>Tenaga Nasional Bhd (TNB) will invest around RM20 billion per year over the next 28 years as capital expenditure (Capex) for initiatives to fast-track its Energy Transition Plan that aspires to reduce its emissions intensity to net zero by 2050. President and chief executive officer Datuk Ir Baharin Din said the investment would pave the […]</p>

18 August 2022 | 12:02 am

Petronas says RM1.6b funding approved for vendors under financing programme as of July 2022

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>The Petronas Vendor Financing Programme (VFP) continues to make positive impact on the industry with more than 260 applications and RM1.6 billion worth of funding approved as of July 2022. Petronas head of strategic programme and licensing of group procurement Natrah Mohd Tahir said the VFP was mooted to assist Malaysian oil and gas service […]</p>

18 August 2022 | 12:02 am

Sime Darby posts RM1.1b net profit in FY2022 amid challenging market conditions

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>Sime Darby Bhd registered a lower net profit of RM1.10 billion for the financial year ended June 30, 2022 (FY2022) versus RM1.43 billion a year earlier which included a one-off gain of RM272 million on the divestment of the group’s stake in Tesco Malaysia. Excluding the gain, the group’s net profit declined marginally by 4.3 […]</p>

18 August 2022 | 12:02 am

Malaysia aims to learn from Thailand in push for medical use of cannabis

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>Malaysia plans to learn from the cannabis policy of neighbouring Thailand in its effort to legalise use of the drug for medical purposes, a health ministry official said on Wednesday, in a country where possession can bring the death penalty now. The comments came after the Thai health minister said he would meet his Malaysian […]</p>

18 August 2022 | 12:02 am

Court to hear Malaysia ex-leader Najib’s appeal of jail sentence

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>Malaysia’s highest court said Tuesday it would hear former leader Najib Razak’s final bid to overturn his 12-year jail sentence for corruption, with an acquittal potentially clearing the way for his return to power. The Federal Court’s decision to proceed with the hearing starting Thursday came after it rejected the former prime minister’s plea for […]</p>

18 August 2022 | 12:02 am

Malaysia’s Tenaga to invest $4.5 billion to fast-track energy transition

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>Malaysian utility Tenaga Nasional Bhd (TNB) aims for capital expenditure of about 20 billion ringgit ($4.48 billion) annually over the next 28 years to fast track its energy transition plans, the company said on Wednesday. The investments will help Tenaga reach net zero emissions by 2050 and “open opportunities in more than doubling its earnings […]</p>

18 August 2022 | 12:02 am

Malaysia’s growth to slow in 2H as pent-up demand eases, says Fitch Solutions

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>Fitch Solutions Country Risk and Industry Research said following the data release for the second quarter of 2022 (2Q22), it has revised its real gross domestic product (GDP) growth forecast for Malaysia to 5.9 percent for 2022, from 5.2 percent previously. In a report last Friday (August 12), the firm said its forecast now lies […]</p>

17 August 2022 | 12:26 am

Minister: Rubber price expected to exceed RM3.50 per kilogram by end of the year

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>The price of rubber is projected to exceed RM3.50 per kilogramme (kilogram) at the end of this year and continues to be in an upward trend due to very high demand from importing countries, minister of Plantation Industries and Commodities Datuk Zuraida Kamaruddin said. She said the price of rubber is currently stable above RM2.50 […]</p>

17 August 2022 | 12:26 am

Malaysia eyes Thai weed policy

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>Public Health minister Anutin Charnvirakul says he is looking forward to a visit from his Malaysian counterpart who he says has expressed an interest in studying the Thai model for legalising cannabis for medical use. After meeting the country’s Thai ambassador, HE Dato Jojie Samuel, Anutin said they had discussed details of Malaysian Public Health […]</p>

17 August 2022 | 12:26 am

MAHB, AAX, Capital A, Maybank, Top Glove, Datasonic, Protasco, Tiong Nam Logistics, Kelington, BP Plastics, Maybulk, Cycle &amp; Carriage Bintang, Ivory Properties

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>Here is a brief look at some corporate announcements and news flow on Monday (August 15), which include Malaysia Airports Holdings Bhd, AirAsia X Bhd, Capital A Bhd, Malayan Banking Bhd, Top Glove Corp Bhd, Datasonic Group Bhd, Protasco Bhd, Tiong Nam Logistics Holdings Bhd, Kelington Group Bhd, BP Plastics Holding Bhd, Malaysian Bulk Carriers […]</p>

17 August 2022 | 12:26 am

Protasco shares up after RM299m road upgrading contract in Kedah secured

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>Protasco Bhd shares on Bursa Malaysia went up in early trade today after the company secured a road upgrading contract in Kedah from KI Engineering Sdn Bhd valued at RM299.2 million. At 10.34am, the counter rose 1.0 sen, or 5.26 per cent, to 20 sen with 755,000 shares changing hands. In a filing with Bursa […]</p>

17 August 2022 | 12:26 am

Maybank to move its HQ to Merdeka 118, sources say

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>THE office space landscape in Kuala Lumpur is set to see some major changes once the Merdeka 118 tower is completed. According to sources, the country’s largest bank by assets, Malayan Banking Bhd (Maybank), could be moving its headquarters to the iconic new skyscraper, which is owned by Permodalan Nasional Bhd (PNB) via wholly-owned PNB […]</p>

17 August 2022 | 12:26 am

Malaysia’s Federal Court rejects Najib’s bid to include new evidence in his final SRC International appeal

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>Malaysia’s Federal Court has dismissed former prime minister Najib Razak’s application to include new evidence in his final appeal against the guilty verdict in the SRC International Sdn Bhd case. According to the Star, Chief Justice Tengku Maimun Tuan Mat said on Tuesday (August 16) that the applicant had failed to state exactly what the […]</p>

17 August 2022 | 12:26 am

Malaysia ex-PM Najib asks court to admit new evidence as final 1MDB appeal begins

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>Lawyers for former Malaysian prime minister Najib Razak sought on Monday to introduce fresh evidence for a re-trial, a final bid to overturn a 12-year jail term over a corruption case linked to the multibillion-dollar 1MDB scandal. Najib, 69, has pleaded not guilty to dozens of charges over the alleged theft of $4.5 billion from […]</p>

17 August 2022 | 12:26 am

Top Glove’s Lim Wee Chai buys 2.8 million shares as share price dips below 90 sen

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>Top Glove Corp Bhd Executive Chair Tan Sri Dr Lim Wee Chai has bought two blocks of 2.8 million shares in the rubber glove company for RM2.31 million. According to its filing with Bursa Malaysia on Monday (August 15), Lim acquired 1.3 million shares last Friday (August 12) for 85.592 sen per share, and another […]</p>

17 August 2022 | 12:26 am

Malaysia’s top funds say banking sector ripe for consolidation

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>Malaysia’s crowded banking sector can benefit from mergers and acquisitions, executives from the country’s top investment funds told a conference on Monday, seeing opportunities to cut costs and compete with new entrants into the industry. “There are benefits for further consolidation,” Rick Ramli, Permodalan Nasional Bhd’s (PNB) chief investment officer for private and strategic investments, […]</p>

17 August 2022 | 12:26 am

Kelington’s 2Q net profit surges 84pct on higher project completion in Malaysia, Singapore

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>Kelington Group Bhd posted an 84.4 percent jump in net profit to RM13.56 million for the second quarter ended June 30, 2022 (2QFY22) against RM7.35 million recorded for the same quarter a year ago, thanks to higher project completion in Malaysia and Singapore. Quarterly revenue was at a record high of RM312.4 million, a 147.2 […]</p>

17 August 2022 | 12:26 am

PM: Budget 2023 will continue to emphasize on Keluarga Malaysia

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>Budget 2023 that will be tabled in October will continue to place emphasis on the welfare of Keluarga Malaysia (the Malaysian Family), said prime minister Datuk Seri Ismail Sabri Yaakob. He said it would also take into consideration the country’s readiness in facing the possibility of a more challenging global economic crisis. “Alhamdulillah, after nearly […]</p>

17 August 2022 | 12:26 am

Short-term rates close stable on Bank Negara’s operations

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>Short-term interbank rates closed steady today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system. Liquidity in the conventional system eased to RM42.24 billion from RM45.59 billion this morning while Islamic funds fell to RM18.90 billion from RM25.77 billion previously. The central bank had earlier called for four conventional money […]</p>

17 August 2022 | 12:26 am

Khairy: More funds for public healthcare needed, in line with WHO’s benchmark of 4-5pc

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>Health minister Khairy Jamaluddin today pleaded with prime minister Datuk Seri Ismail Sabri Yaakob to allocate more funds for public health. According to Khairy, the benchmark spending on public health is between 4 and 5 per cent of a country’s GDP, but for Malaysia, data showed it was only 2.59 per cent of the GDP […]</p>

16 August 2022 | 2:12 am

Seeking more funds for public healthcare, Khairy says some ministries ‘more equal’ than others

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>Health minister Khairy Jamaluddin today pleaded with prime minister Datuk Seri Ismail Sabri Yaakob to allocate more funds for public health. According to Khairy, the benchmark spending on public health is between 4 and 5 per cent of a country’s GDP, but for Malaysia, data showed it was only 2.59 per cent of the GDP […]</p>

16 August 2022 | 2:12 am

Najib’s final appeal against SRC International conviction at the Federal Court today: What to expect

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>It’s been about two years since former prime minister Datuk Seri Najib Razak was first found guilty of misappropriating RM42 million belonging to SRC International Sdn Bhd, the former subsidiary of scandal-ridden 1MDB. Last December, the Court of Appeal upheld the High Court’s July 2020 verdict and sentence of 12 years in prison and a […]</p>

16 August 2022 | 2:12 am

Malaysia’s fourth quarter will be ‘the challenge’ for its economy, says finance minister

<p><a href="https://www.intellasia.net/">Intellasia East Asia News</a> </p> <p>The fourth quarter will be “the challenge” for Malaysia’s economy if global headwinds such as Russia’s war on Ukraine and China’s zero-Covid policy persist, said Finance minister Zafrul Aziz. China is Malaysia’s largest trading partner, and disruptions to supply chains and trade will “dampen some of the growth expectations in the fourth quarter of this […]</p>

16 August 2022 | 2:12 am