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Padini says probe by MACC involves external counterparties
KUALA LUMPUR (April 25): Garment retailer Padini Holdings Bhd (KL:PADINI), which is under probe by the Malaysian Anti-Corruption Commission (MACC), said that based on information currently available, the investigations involve certain external counterparties, who are not employees, officers, or part of the group’s management. As a result of the in
The New Global Economy: Will the IMF Ever Learn?
This year’s International Monetary Fund Spring Meetings come at a time of heightened economic uncertainty and intense scrutiny of the institution’s capabilities and approach. Critics on the left argue that the IMF imposes regressive austerity measures on borrowers, exacerbating poverty, hampering economic growth, and undermining their ability to ac
Former High Court judge Abdul Halim to take over from Azam Baki as MACC head
KUALA LUMPUR (April 25): Former High Court judge Datuk Seri Abdul Halim Aman will take over as the chief commissioner of anti-graft buster Malaysian Anti-Corruption Commission (MACC), replacing Tan Sri Azam Baki, who will make way on May 12 after his contract ends. In a statement announcing Abdul Halim’s appointment, which will commence on May 13,
How a lucrative Bangladesh labour import scheme was shelved
KUALA LUMPUR (April 25): A new scheme proposed to replace the controversial Foreign Workers Centralised Management System (FWCMS) has been shelved at the last minute by the government, high-placed sources tell The Edge. It is understood that Prime Minister Datuk Seri Anwar Ibrahim instructed officials to remove the proposal for the Universal Recru
Padini, Unisem, Mesiniaga, Maybank, SCIB, Petra Energy, ManagePay, EcoWorld, Chuan Huat, Pineapple Resources, Sarawak Oil Palms, CTOS Digital
KUALA LUMPUR (April 24): Here is a brief recap of some business news and corporate announcements that made the headlines on Friday: The Malaysian Anti-Corruption Commission (MACC) has frozen certain bank accounts belonging to Padini Holdings Bhd (KL:PADINI) amid an ongoing investigation linked to money laundering. The garment retailer said the acc
Eden Inc secures financing for 29.99MW solar plant in Kuantan
KUALA LUMPUR (April 24): Eden Inc Bhd (KL:EDEN) said its 29.99MW solar plant project in Kuantan, Pahang has achieved financial close, with facilities secured from Bank Islam Malaysia Bhd (KL:BIMB). Its unit, DC Solar One Sdn Bhd, obtained financing facilities from Bank Islam of up to RM116 million, the aquarium and catering operator-turned-power g
SWS Capital expects RM1.46m loss from RM13m Batu Kawan property disposal
KUALA LUMPUR (April 24): SWS Capital Bhd (KL:SWSCAP) is disposing of an industrial property in Batu Kawan, Penang for RM13 million, as part of a group-wide rationalisation exercise aimed at unlocking the value of its investments and redeploying proceeds into other business ventures. In a Bursa Malaysia filing on Friday, the group said its wholly-o
SCIB获沙巴学校项目EPCC合约 价值3278万
（吉隆坡24日讯）Sarawak Consolidated Industries Bhd（KL:SCIB）获得沙巴州学校项目的工程、采购、建设与调试（EPCC）合约，价值3278万令吉。 这家工业化建筑系统公司向大马交易所报备，独资子公司SCIB Industrialised Building System私人有限公司已接获Belian Juta私人有限公司的决标信，在沙巴比鲁兰（Beluran）建一所新的中学 — Sekolah Menengah Kebangsaan (SMK) Balaban Jaya。 该项目包括建造18间教室及配套设施，计划于4月27日动工，并于2027年11月29日完成。