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1-10 results from 1000 for query «rm2 6 billion»

July 18, 2018 12:44 PM MACC clarifies move to lift freeze on Najib's accounts

PUTRAJAYA: The move to lift the freeze on the bank account of former premier Datuk Seri Najib Abdul Razak by the Malaysian Anti-Corruption Commission (MACC) was done as it was irrelevant to the investigations on financial scandals of the supposed donation of RM2.6 billion and SRC International Sdn Bhd, both that are related to the 1Malaysia Development 5

July 17, 2018 7:26 AM Johnny Depp, ex-managers settle financial lawsuit

LOS ANGELES: Johnny Depp has reached a settlement with his former business managers, his representatives said Monday, allowing the Oscar-nominated American actor to avoid a trial over his finances that promised paparazzi fervor. A spokesperson said Depp, 55, was "pleased" with the confidential agreement reached with The Management Group, the company 8

July 13, 2018 9:38 AM Bursa Malaysia ends higher for 5th consecutive day

KUALA LUMPUR: Persistent buying interest in index-linked counters and small capitalisation stocks against a backdrop of positive market sentiment spurred Bursa Malaysia to close stronger for the fifth consecutive trading. At 5pm the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) finished at the intra-day high of 1,721.93, up 18.36 points, from yesterday's 9

July 13, 2018 4:12 AM IHH wins Fortis bid, to acquire 31.1% stake for RM2.35b

PETALING JAYA: IHH Healthcare Bhd has won the bid for India's Fortis Healthcare Limited. IHH this morning announced that its indirect wholly-owned subsidiary Northern TK Venture Pte Ltd (NTK) has proposed to buy a 31.1% stake in Fortis by way of preferential allotment for RM2.35 billion, at RM 9.98 per share. IHH will launch a mandatory open offer to acquire 7

July 9, 2018 1:13 PM Bursa records 10th consecutive week of foreign attrition

PETALING JAYA: Foreign funds continued its selling streak last week at a net US$704.3 million (RM2.85 billion) compared with the US$705.4 million net seen the week before. “Foreign investors continued to pare their holdings in stocks listed on Bursa for the 10th consecutive week. This is the longest weekly selling streak recorded since the 20-week selling 5

July 7, 2018 4:36 AM Tommy Thomas hinged the prosecution’s case on the DoJ and Sarawak Report

Last Wednesday, Dato’ Seri Najib Tun Razak was produced at the Kuala Lumpur Sessions court to face four corruption charges preferred against him by the MACC. The charges related to the RM2.6 billion that ended in his personal Ambank account that the (then) Governor of Bank Negara, Tan Sri Zeti Akhtar Aziz, knew about. Almost as soon as Najib’s lead counsel 18

July 5, 2018 1:14 PM Exports in May up 3.4% to RM82.1b year on year

PETALING JAYA: Malaysia’s exports grew 3.4% to RM82.1 billion in May, outpacing imports, which increased only 0.1% to RM74 billion, on a year-on-year basis said the Department of Statistics. “Exports in May 2018 valued at RM82.1 billion, continued to surpass the RM80 billion mark, increasing by 3.4% from a year ago. Re-exports were valued at RM16.3 billion 13

July 5, 2018 12:46 PM Sabah in strong financial position, says chief minister

KOTA KINABALU: Sabah is in a healthy financial position with public finances as at June totalling RM3.305 billion, of which 48.7% or RM1.608 billion is owned by the state government in its consolidated revenue account, says Chief Minister Datuk Seri Mohd Shafie Apdal. The remaining 51.3% or RM1.696 billion is held in a consolidated trust account, he said in his winding-up 13

July 5, 2018 7:32 AM Osram to embark on high-end LED technology in Malaysia

KUALA LUMPUR: German-based light-emitting diode (LED) chip company Osram Opto Semiconductors (M) Sdn Bhd is looking to embark on advanced lighting technology in Malaysia, particularly for automotive applications as it sees huge growth potential in the market. “There is more and more of real high-end (lighting) applications needed (in Malaysia) such as pixel 8

July 3, 2018 11:01 AM Zeti entitled to take legal action against Najib: Lim

PUTRAJAYA: Former Bank Negara Malaysia (BNM) Governor Tan Sri Zeti Akhtar Aziz (pix) is entitled to take legal action against former prime minister Datuk Seri Najib Abdul Razak on allegations regarding the RM2.6 billion in his account, said Finance Minister Lim Guan Eng. Lim added that his ministry had full confidence in Zeti's integrity and credibility 5