• Corporate & Featured and Exclusive  |  JUNE 30, 2015 8:35 PM

    1MDB: Energy asset purchase benefits nation

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    1Malaysia Development Bhd (1MDB) reiterates that energy asset purchase represents compelling long-term value and benefits to the nation. “We believe that the value we paid – which may have involved a premium in certain instances, as is common when acquiring another business – …

  • Corporate  |  JUNE 30, 2015 8:25 PM

    Agrobank becomes full-fledged Islamic bank

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    Agrobank will move away from its conventional-based operations and become a full-fledged Islamic bank starting tomorrow. Agriculture and Agro-based Industry Minister Ismail Sabri Yaakob said Agrobank’s transition to an Islamic banking system is in line with the government’s aim to increase Islamic funding to …

  • Corporate & Featured and Exclusive  |  JUNE 30, 2015 6:56 PM

    1MDB: Talks with Ipic to reduce debt ongoing

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    The negotiations between 1Malaysia Development Bhd (1MDB) and the International Petroleum Invest Co (Ipic) following a binding term sheet are still ongoing, 1MDB says in a statement. These discussions include what assets 1MDB will transfer to Ipic as part of …

  • Corporate & Featured and Exclusive  |  JUNE 30, 2015 6:54 PM

    ‘Fuel price change notice only for retailers’

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    There will no longer be any notification on fuel price change to the public and such a notice will only be issued to retailers at midnight on the last day of the month. Domestic Trade, Cooperatives, and Consumerism Minister Hasan Malek said this …

  • Corporate  |  JUNE 30, 2015 6:51 PM

    PM witnesses signing of S’wak Pan Borneo Highway MOU

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    Prime Minister Najib Abdul Razak witnesses the signing ceremony of a memorandum of understanding (MOU) for the construction of the 1,090km Sarawak Pan Borneo Highway involving the federal government, Sarawak state government, and Lebuhraya Borneo Utara Sdn Bhd (LBU). LBU was appointed the project …