• Ponzi scam woman missing - Regional | The Star Online

    LEONG Lai Yee, the woman at the centre of an alleged million-dollar ponzi scam who has been uncontactable for more than a week, has been reported missing. Investors who say they are owed a total of $60mil (RM161mil) fear that she has left the country. Last week, about 60 investors came forward to say they had given Leong money, which she said would be used to buy distressed properties in prime districts to be sold at a profit to overseas buyers. An investor who gave his name only as Ong went to her house in Tanah Merah on May 16 after she did not reply to text messages, and calls to her and her husband’s phones could not get through.

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  • A better MAS layoff deal - Nation | The Star Online

    PETALING JAYA: In a last minute change of heart, more than a third of the 20,000 Malaysia Airlines (MAS) staff will be getting termination payments according to their collective agreements (CA). Yesterday, the airline’s nine union leaders were told that the staff payout would be according to the CA and this was received with much cheer at a meeting held at MAS with the airline’s parent body Khazanah Nasional Bhd and MAS officials. A large chunk of MAS employees are unionised. Unfortunately, not all of us will be re-hired by MAS Bhd,” said an employee.

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  • The 21 years of mismanagement that brought MAS to its knees - The Malaysian Insider

    – The Malaysian Insider file pic, May 27, 2015.Beginning September, Malaysia Airline System Bhd, the company Malaysians know as the national carrier since 1972, will cease to exist. It would instead be replaced by a new company, Malaysia Airlines Bhd, to be fully owned by Malaysia’s sovereign wealth fund Khazanah Nasional before a planned re-listing in Bursa Malaysia by 2019. This, however, is not the first time MAS has been subjected to a turnaround plan or a bid to save the airline.

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  • No room for staff unions as MAS ‘reboot’ takes off in September - The Malaysian Insider

    – The Malaysian Insider file pic, May 27, 2015.MAS Employees Union (Maseu), the airline's biggest and most powerful workers union, will effectively cease to exist once Malaysia Airlines (MAS) completes its restructuring exercise. Maseu, which represents some 13,500 MAS employees, is expected to be dissolved as the new management has indicated that the union did not have a place in the new company, which will start operations on September 1. The union, resigned to this for the moment, is looking at turning itself into a cooperative in the new entity. Maseu executive secretary Mohd Jabarullah Abd Kadir confirmed this and told The Malaysian Insider that two extraordinary general meetings had been held recently to discuss the possible dissolution of the union.

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  • Rafizi: TIA agreement the same as 1MDB’s

    — FIle picKUALA LUMPUR, May 27 — PKR’s Rafizi Ramli insisted today that 1Malaysia Development Berhad’s (1MDB) Memorandum of Articles and Association Agreement (M&A) is no different from that of its precursor Terengganu Investment Authority (TIA), pointing out that even 1MDB chief executive Arul Kanda Kandasamy has not denied this. Rafizi said that checks with the Companies Commission of Malaysia showed that 1MDB shares the same company registration number with the TIA. “The number of 1MDB’s company is the same as TIA’s...1MDB inherits TIA lock, stock and barrel,” he added. Rafizi claimed that this proves that Prime Minister Datuk Seri Najib Razak has the final say over any “financial commitment” undertaken by 1MDB.

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  • Guan Eng asks Hadi: Why disrespect us if you’re still with us?

    — File picKUALA LUMPUR, May 27 — DAP’s Lim Guan Eng demanded today that PAS president Datuk Seri Abdul Hadi Awang explain why he has been working outside the Pakatan Rakyat (PR) framework when he still claims to be loyal to the pact. The DAP secretary-general listed five questions that he said Hadi should answer to prove his commitment to PR, including the latter’s alleged refusal to adhere to the pact’s agreed policy on hudud, his recently expressed support for Prime Minister Datuk Seri Najib Razak and apparent support for the notion of teaming up with Umno to form a unity government. If Hadi can not keep his promises, how then can DAP co-operate with Hadi on the basis of mutual trust and respect?” Lim asked in a statement.

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  • Great Wall of Gopeng hides priceless Gaharu hybrid - The Malaysian Insider

    – The Malaysian Insider pic by Jerry Francis, May 27, 2015.The Great Wall of Gopeng, just about 25km south of Ipoh, has become a tourist attraction and an icon of the once thriving tin-mining town. Of course, it can never be as “great” as the one in China, but it is becoming known not because of the 3m high wall but for what lies within – the Gaharu Tea Valley. Inside the walled enclosure are about 200,000 trees of a valuable species of Gaharu, which is commonly known as Agarwood. In different parts of the world, it is also known as Aloeswood, Eaglewood, Oud or Jinko, comprising 17 species in total.

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  • Close call for Shanghai-bound SIA flight after double engine failure - The Malaysian Insider

    A potential tragedy was averted last Saturday when a Singapore Airlines (SIA) flight to Shanghai suffered a loss of power to both engines. Singapore's Straits Times reports that the incident on SIA flight SQ836 occurred at an altitude of 39,000 feet, about 3.5 hours into the flight amid bad weather.

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  • 1MDB makes a fool of every citizen, institution including Parliament – J. D. Lovrenciear - The Malaysian Insider

    The latest revelation by Bank Negara Governor is spine chilling. Hot on its heels we also learn that the two top guns of 1Malaysian Development Bhd (1MDB) snubbed the Public Accounts Committee (PAC) by asking for a 30-day grace period. And if that is not enough the Prime Minister Datuk Seri Najib Razak hollers all the way from Japan that the duo will not run away and will keep their date with PAC.

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  • Need for PM’s approval on 1MDB deals a known fact, CEO says

    ― Reuters picKUALA LUMPUR, May 26 — The requirement to obtain the prime minister’s written approval for any financial deals undertaken by 1 Malaysia Development Bhd (1MDB) was never hidden from public knowledge, the troubled fund’s chief executive said today. Arul Kanda Kandasamy said there was nothing dubious about the matter as the investment arm’s Memorandum of Articles and Association Agreement (M&A) can be easily accessed by anyone. “These documents, along with the company’s financial accounts, have always been available to the public via the Companies Commission Malaysia,” Arul Kanda said in an email reply to Malay Mail Online.

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  • Singapore doctors pay RM14.3 million in damages over lipo-suction death case - The Malaysian Insider

    The High Court in Singapore yesterday ordered two doctors who botched a liposuction procedure on late property management firm boss Franklin Heng Ang Tee to pay S$5.32 million (RM14.3 million) in damages. The bulk of the sum is for the loss of inheritance of Heng’s children, for which Justice Choo Han Teck awarded S$3.88 million. Drs Wong Meng Hang and Zhu Xiu Chun had in 2012 admitted they were liable for Heng’s death. The 44-year-old chief executive of YTL Starhill Global REIT Management had gone to Reves Clinic on December 30, 2009 for liposuction.

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  • Giant rat photo goes viral on social media | theSundaily

    PETALING JAYA: A photograph of a gigantic rat, allegedly caught during an operation in USJ11, is now making rapid rounds on the the social media. However, there is nothing to get worked up about as this is not a species of some mutated rodent, but merely the result of the angle the photograph was taken.

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  • In the PAC We Trust – Art Harun - The Malaysian Insider

    Yesterday, no less than Bank Negara’s Governor, Tan Sri Zeti revealed that Bank Negara had received a report from the Singapore Monetary Authority about an account connected to 1Malaysia Development Bhd (1MDB) in BSI Bank Ltd in the republic. Any postponement, no matter how short, of the PAC proceedings may give rise to events or acts which may hamper a full investigation by the PAC.

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  • Secret Recipe blames central kitchen upgrading for halal cert loss

    Screencap taken from Jakim's Facebook page.KUALA LUMPUR, May 26 — Local restaurant chain Secret Recipe claimed today that it lost its halal certification because of “cleanliness issues” caused by upgrading works at its central kitchen. According to news portal The Malaysian Insider, Secret Recipe Manufacturing Sdn Bhd chief executive Datuk Steven Sim said they have rectified the problem and that the restaurant chain is now ready for an inspection from the Department of Islamic Development Malaysia (Jakim).

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  • Arul and Sharol warned - Nation | The Star Online

    KUALA LUMPUR: Appear before the Public Accounts Committee (PAC) that is probing 1Malaysia Development Bhd (1MDB) or be cited for contempt. “If they continue to ask for more time or give excuses for not being able to attend hearings, the committee will meet to decide on moving a motion to cite them for contempt of Parliament,” he told The Star. Nur Jazlan said the committee decided to give the two men time to prepare themselves and deferred their hearing, which had been initially fixed for yesterday.

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  • Shafie, Zahid not contradicting each other over leaked Muhyiddin video, says Umno Youth - The Malaysian Insider

    – The Malaysian Insider pic by Afif Abd Halim, May 26, 2015.Two Umno vice-presidents had not contradicted each other over the disciplinary action to be taken against the party leader who had distributed a video of Tan Sri Muhyiddin Yassin calling for the 1Malaysia Development Bhd (1MDB) board to be sacked, said Khairy Jamaluddin today. The Umno Youth chief said vice-presidents Datuk Seri Ahmad Zahid Hamidi and Datuk Seri Shafie Apdal were consistent that disciplinary action had to be taken against a deputy division chief who recorded the video.

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  • Insisting 1MDB audit faulty, Pua demands probe on Deloitte

    — File picKUALA LUMPUR, May 27 — DAP’s Tony Pua today urged the Malaysian Institute of Accountants (MIA) to investigate accounting firm Deloitte for failing to report allegedly dubious transactions it may have unearthed when vetting 1Malaysia Development Berhad’s (1MDB) books. In his complaint to MIA, the Petaling Jaya Utara MP cited the International Standards on Auditing, which he pointed out stipulates that auditors must conduct their job with “professional skepticism”. Pua added that Deloitte’s auditors “cannot claim ignorance” given the public interest on 1MDB.

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  • Migrants spotted for two years at bordertown, Perlis folk reveal after grave find

    — Reuters picKUALA LUMPUR, May 26 — Residents of Wang Kelian, a town in Perlis that borders Thailand, said they have seen migrants entering Malaysia for at least two years now, but never suspected that they came from human trafficking camps. British daily the Guardian reported that several villagers encountered migrants who come from the jungle seeking help, looking fatigued and injured, but were not aware that the foreigners were being held prisoners by a human trafficking syndicate. This undated handout photo made available on May 25, 2015 by the Royal Malaysian Police shows an abandoned migrant detention camp used by people-smugglers in a jungle near the Malaysia-Thailand border in Genting Perah.

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  • IGP warns foreigners against inciting Malaysians - The Malaysian Insider

    – The Malaysian Insider pic by Afif Abd Halim, May 27, 2015.Inspector-General of Police Tan Sri Khalid Abu Bakar today has warned foreigners entering the country to avoid inciting Malaysians into holding or taking part in street demonstrations, adding that such characters were not welcome. He said this when asked about the reason why Hong Kong activist Joshua Wong was detained by the Immigration Department officers and later deported after landing at the Penang International Airport yesterday.

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  • Najib had control of TIA, but what about 1MDB?

    EXCLUSIVE PM’s approval needed for all of TIA's financial commitment, including investments.

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