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Malaysia

Ho Kwan Ping warns people not to draw wrong lessons from events across the Causeway

Executive Chairman and co-founder of Banyan Tree Limited Holdings, Mr Ho Kwon Ping warned that it would be a “foolish mistake” for Singaporeans to heed Malaysian Prime Minister Dr Mahathir Mohamad’s suggestion that Singaporeans “must be tired of their government”.   Speaking at the OCBC Global Treasury Economic and Business Forum on “Singapore Politics and Business in an Age of …

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Investigations into 1MDB-related activities in Singapore still running, said MAS managing director

The Monetary Authority of Singapore (MAS) is closely monitoring and probing new leads surfacing from Malaysia and elsewhere in relation to the 1MDB scandal, said MAS managing director Ravi Menon on 4 July. In a briefing on the central bank’s annual report, Mr Menon said that the MAS has “proactively” responded to “every request for information made by the Malaysian authorities,” according …

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Former Malaysian PM, Najib Razak, charged with criminal breach of trust and corruption

KUALA LUMPUR, 4 July — Former Prime Minister of Malaysia Najib Razak has been charged with criminal breach of trust and corruption, two months after being investigated over a multibillion dollar graft scandal under the 1MDB state investment fund. He was arrested on 2 July by Malaysian Anti-Corruption Commission (MACC) officials over a suspicious transfer of RM42mil (approximately S$14.2mil) into …

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1MDB Task Force has no legal grounds to arrest Najib, claims Malaysian Bar Council

The Malaysian Bar has launched criticisms against the 1MDB Special Task Force regarding their announcement of former Prime Minister Najib Razak’s arrest yesterday. George Varughese, the Bar Council’s president, said on 3 July that the task force does not have any legal authority in making such arrests. “The Malaysian Bar is shocked and troubled by the press statement issued today by …

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New heads of Malaysian GLCs should not expect big salaries, says Dr Mahathir

Under the new Pakatan Harapan government, those who have been appointed to spearhead Malaysian government linked-companies (GLCs) should no longer expect to receive big salaries. Speaking to Malaysian media at the end of his two-day visit to Jakarta on an ASEAN tour on 30 June, Malaysian Prime Minister, Tun Dr Mahathir Mohamad said that while their salaries will not be …

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Former Malaysian PM Najib Razak arrested by MACC in his home today

    (Updated as of 5.37 p.m., SGT) KUALA LUMPUR, Jul 3 — Former Prime Minister of Malaysia, Datuk Seri Najib Razak has been arrested today. Officials from the Malaysian Anti-Corruption Commission (MACC) have confirmed the arrest was made at Najib’s house on Jalan Langgak Duta in the capital city today at 2.35pm. He is expected to be brought to …

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Anwar Ibrahim has to prove himself through his words and actions

by Stephen Chang Anwar Ibrahim may be a changed man for the better. However, he has to prove himself through his words and actions.  Anwar’s recent criticism of Lim Guan Eng’s revelation of corruption within the heart of the previous government, and some of his statements and activities following his release are not good omens. We must watch Anwar with …

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Return stolen 1MDB funds from frozen accounts or face legal action, warns MACC chief

KUALA LUMPUR, 3 July — Chief of the Malaysian Anti-Corruption Commission (MACC), Mohd Shukri Abdull warned beneficiaries of the stolen state funds from 1Malaysia Development Berhad (1MDB) to either voluntarily return the sums that are currently frozen in their accounts to the MACC, or to face legal action instead.  Shukri, who is also a member of the 1MDB investigative taskforce, …

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Remaining Malaysian Cabinet Ministers sworn in

KUALA LUMPUR, 2 July — A total of 13 ministers and 23 deputy ministers were sworn in before the Yang Di-Pertuan Agong, Sultan Muhammad V at the ceremony at the Istana Negara in the capital city. Among the Cabinet Ministers who were sworn in today were Datuk Saifuddin Abdullah as Foreign Affairs Minister, Dr Xavier Jayakumar as Natural Resources and …

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