• 1MDB to be ‘wound down’, Abu Dhabi firms to help cut extra RM16b in debt

    — Reuters picKUALA LUMPUR, May 29 — The deal with International Petroleum Investment Company (IPIC) and its Aabar Investments unit could remove another RM16 billion in debt from 1 Malaysia Development Bhd (1MDB) that will be wound down, according to national news agency Bernama. In its report, Bernama asserted that the two Abu Dhabi firms that will extend a US$1 billion payment to 1MDB next month could take on more of the firm’s debts via additional deals in coming weeks. It further added that 1MDB will be wound down by next year and its operations transferred to three separate firms. “[The] deal reached with Abu Dhabi-based IPIC and Aabar will help reduce the debt by RM16 billion and in exchange, 1MDB will provide IPIC and Aabar with a number of financial assets, including units that are held in the company’s BSI Singapore account,” Bernama reported.

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  • Lawyer applies to withdraw as Azilah’s counsel in civil suit by Altantuya family - The Malaysian Insider

    – The Malaysian Insider pic, May 29, 2015.Lawyer Datuk Hazman Ahmad's application to withdraw as former chief inspector Azilah Hadri's counsel in the suit filed by deceased Mongolian model Altantuya Shaariibuu's family will be heard on June 11. High Court judge Datuk Suraya Othman fixed the date in chambers when the application was brought before her for case management today.

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  • Bicycle allowance among culprits in MAS financial drain, says new boss - The Malaysian Insider

    – Reuters file pic, May 29, 2015.Some 180 types of allowances paid out by Malaysia Airlines, including a monthly bicycle allowance to one employee, contributed to its financial drain, The Star reported today. It quoted MAS chief executive officer Christoph Mueller as saying that huge overtime claims, over-priced contracts and salaries also added to the airline's costs. But Mueller said that this phenomenon was also prevalent in many airlines.

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  • Is Jho Low back in town?

    — File picKUALA LUMPUR, May 29 — Flamboyant and controversial businessman Low Taek Jho is believed to have returned to Kuala Lumpur via a Cathay Pacific flight from Hong Kong yesterday evening, according to news portal The Ant Daily. According to the report, the tycoon called Jho Low took the CX729 flight that landed at Kuala Lumpur International Airport at 7.43 pm yesterday, before he was whisked away by a tall ethnic Indian man. Low’s return came amid a tumultuous time for strategic fund 1 Malaysia Development Bhd (1MDB), which has been repeatedly linked to him. Responding to the PAC saying it will not yet summon Low for its investigation, Umno Youth chief Khairy Jamaluddin insisted there was too much speculation about the former’s involvement with 1MDB to be ignored.

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  • Renovation of terrace houses not in harmony, say Bangsar Baru folk - Community | The Star Online

    VARIOUS terrace house renovations around the Bangsar Baru area have caused many raised eyebrows among the community who are worried about its safety, legality as well as its jarring design that does not fit in with the rest of the neighbourhood. Earlier this month, the matter was raised in a resident dialogue with Kuala Lumpur City Hall (DBKL) by Bangsar Baru Residents Association (BBRA) past president Chang Kek Wei. “There are quite a number of renovations going on in the area. “The problem is that these homes are rebuilt into much larger homes, a storey higher than its immediate neighbours, and the facade is such that it does not look in harmony with the other houses” he said.

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  • Arul Kanda explains why he could meet Shahrir but not PAC - The Malaysian Insider

    – May 29, 2015.Under fire for not turning up at a scheduled inquiry by the Public Accounts Committee (PAC) on Tuesday, 1Malaysia Development Bhd (1MDB) president and group executive director Arul Kanda Kandasamy insisted he was abroad at the time. He also confirmed that he met Barisan Nasional Backbenchers Club (BNBBC) president, Tan Sri Shahrir Samad the following night in Kuala Lumpur, but said this was only after he returned to Malaysia.

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  • US-China competition in Asia brings risk, Singapore PM says

    — Reuters picSINGAPORE, May 29 — Competition between the US and China for influence in Asia creates risks for smaller states, Singapore’s Prime Minister Lee Hsien Loong said, as Southeast Asian nations could find themselves caught between the world’s two biggest economies. All Asian countries hope that US-China relations will be positive, and none want to choose a side, Lee said in a speech to defence officials today at the Shangri-La security forum in Singapore, a meeting that will be attended by US Defense Secretary Ashton Carter and Chinese Admiral Sun Jianguo.

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  • Shahrir defends meeting 1MDB’s Arul, says it is to understand issues - The Malaysian Insider

    – May 29, 2015.Barisan Nasional Backbenchers Club (BNBBC) chief Tan Sri Shahrir Samad said today he met with 1Malaysia Development Berhad (1MDB)'s president Arul Kanda Kandasamy and that the meeting was for him to understand in depth the issues faced by the debt-laden firm. According to a report by portal BNBBC.my, the Johor Baru MP said as a Barisan Nasional federal lawmaker and president of the club, he had to understand all important issues in a comprehensive manner and this does not solely include 1MDB only. "It means the support and stand of BN parliamentarians are based on fact and correct information, and it is not merely on loyalty towards party," he was quoted as saying about the meeting. Shahrir said BNBBC also from time to time, gets briefings from all quarters on issues that are of public interest.

    The Malaysian Insider q
  • MAS union warns of possible protest by retrenched staff

    — Picture by Saw Siow FengKUALA LUMPUR, May 29 — A union representing Malaysia Airlines (MAS) employees who may find themselves jobless next week has sought legal recourse and may resort to staging a protest due to the “unjustifiable” terminations. According to local daily New Straits Times, the National Union of Flight Attendants Malaysia (Nufam) is currently in talks with legal experts on the lawfulness of MAS firing 8,000 of its 20,000 employees, adding that it will protest the unjustified termination if necessary. “What happens to those who do not agree to the retrenchment conditions or those who do not sign the rehiring offer letters? “We are also looking to proceed on grounds of unjustifiable dismissal and we may stage a protest against the terminations,” Nufam president Ismail Nasaruddin was quoted saying.

    The Malay Mail Online | Malaysia q
  • Indonesia proposes RM1,200 monthly pay for housemaids - The Malaysian Insider

    Indonesia has submitted a proposal paper to the Human Resources Ministry to consider improving the working conditions of Indonesian maids in Malaysia, including increasing the monthly salary. Indonesia Embassy's deputy chief of mission Hermono said the new proposed wage was RM1,200 per month which is up from the currentRM800 per month.

    The Malaysian Insider q
  • ‘I just wanted to die,’ says human trafficking victim

    Speaking exclusively to Bernama today, Nurul Amin Nobi Hussein, 25, said during the two months he was held at the transit camp in Wang Kelian last year, he lost all hope of surviving and only thought of death. 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.

    The Malay Mail Online | Malaysia q
  • Scientists find the mystery behind the holes in Swiss cheese

    After about a century of research, Swiss scientists have finally cracked the mystery of the holes in Swiss cheese. Experts from Agroscope, a state centre for agricultural research, said the phenomenon — which marks famous Swiss cheeses such as Emmental and Appenzell — was caused by tiny bits of hay present in the milk and not bacteria as previously thought. They found that the mystery holes in such cheeses became smaller or disappeared when milk used for cheese making was extracted using modern methods. “It’s the disappearance of the traditional bucket” used during milking that caused the difference, said Agroscope spokesman Regis Nyffeler, adding that bits of hay fell into it and then eventually caused the holes.

    The Malay Mail Online | Eat/Drink q
  • 1MDB guilty until proven innocent, Dr M says

    — Picture by Saw Siow FengKUALA LUMPUR, May 29 — Unless proven innocent, it must be assumed that the management of 1Malaysia Development Berhad (1MDB) had misappropriated the funds invested in Cayman Islands, Tun Dr Mahathir Mohamad said today in his continued tirade against the troubled state investment firm. The former prime minister said although the money had been redeemed and is now parked in a Singapore bank, it has yet to be proven that the funds are in actual tangible form.

    The Malay Mail Online | Malaysia q
  • Pahang assemblymen get RM6,900 pay rise - The Malaysian Insider

    The Pahang State Assembly has passed the Members of the AdministrPahang Menteri Besar Datuk Seri Adnan Yaakob had moved the motion to increase the salaries of all state assemblymen as the last hike was done more than 30 years ago. The motion was tabled by Menteri Besar Datuk Seri Adnan Yaakob (BN-Pelangai) and was seconded by Datuk Dr Ahmad Shukri Ismail (BN-Pulau Tawar). "With the increased pay, assemblymen will be able to better serve the people," he said. The sitting also passed a motion to appoint Pahang MCA chairman Datuk Hoh Khai Mun and Kuala Krau Umno Wanita chief Norahan Abu Bakar as Senators for three years starting today.

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  • Why do Malaysians hate migrants? - The Malaysian Insider

    Why do Malaysians hate migrants? When a racial riot broke out in southern Italy sometime in early 2010, the mindless attacks on African immigrants prompted Pope Benedict XVI to respond by reminding people that, "an immigrant is a human being, different in background, culture and tradition, but a person to be respected, and possessing rights and duties". Malaysians tend to get emotional when such issues arise and share the same concerns with the rest of the world when it comes down to how we feel about migrants. Whether you want to believe or not, Malaysia is one of those countries made up of migrants.

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  • Court awards damages to former athlete who became paralysed following surgery | theSundaily

    GEORGE TOWN: The Penang High Court today awarded damages of RM639,818.75 to a former national athlete who became paralysed following a failed spinal surgery ten years ago. Judicial Commissioner Datuk Azmi Ariffin in his hour-long judgement, ordered the orthopaedic specialist Dr.

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  • Solarworld pushes for EU probes of possible Chinese duty evasion

    — Reuters picBRUSSELS, May 29 — The European Union threatened to extend tariffs on solar panels from China to Taiwan and Malaysia, saying Chinese exporters may be using the two countries to evade the levies. The European Commission, the 28-nation EU’s trade authority in Brussels, opened inquiries into whether Chinese exporters of solar panels shipped them via Taiwan and Malaysia to dodge EU duties meant to counter alleged below-cost – or “dumped” – imports and subsidies.

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  • 1MDB’s TRX and Bandar Malaysia to be standalone entities - The Malaysian Insider

    – The Malaysian Insider pic, May 29, 2015.1Malaysia Development Berhad's (1MDB) two real estate developments will be separated into stand alone companies as part of a rationalisation plan to reduce its massive RM42 billion debt. Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah said the Tun Razak Exchange (TRX) financial district project and Bandar Malaysia development will be run as separate entities with full autonomy and accountability for their operational and financial performance.

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  • Dr M: Tax man probed me but not the mega-rich

    Former prime minister Dr Mahathir Mohamad today lamented that he had to face routine raids from the Inland Revenue Board (LHDN) when he was a practising doctor but super rich ministers today get off scott-free. "Government officials who live beyond their means are normally probed by LHDN. "But when ministers or public individuals are known to live overly wealthy lifestyles, no investigation is conducted," he said in a blog posting today. "I myself have routinely faced raids by LHDN when I had a clinic.

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  • Car seriouly damaged after engine fire

    A political secretary to the chief minister, Pao Kiu Chuan, who happened to be there, helped to get a fire extinguisher and joined a few passers-by to put out the fire. Ten firemen in a fire engine arrived at 3.57pm and moved two cars away from the burning car.

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