KUALA LUMPUR, 2 July 2009: Academician Oh Ei Sun, who is a highly-sought international speaker-trainer-motivator, consultant and entrepreneur, has been appointed political secretary to Prime Minister Datuk Seri Najib Razak. An official from the Prime Minister’s Office said the appointment was effective 16 June 2009. The 35-year-old Sabahan, trained in law, management and engineering, has […]
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Capital Market Services Act to be amended
KUALA LUMPUR, 30 June 2009: The government will be tabling a set of far-reaching amendments to the Capital Market Services Act to further strengthen the Securities Commission (SC)’s enforcement powers in corporate governance transgression. Prime Minister Datuk Seri Najib Razak said the amendments would empower the SC to take action against a director or officer […]
Govt to set up RM500mil Ekuinas investment fund
KUALA LUMPUR, 30 June 2009: A new investment institution, Ekuiti Nasional Bhd (Ekuinas), will be set up soon with an initial capital of RM500 million. The fund will focus on investing in high-growth potential sectors and bumiputera companies, said Prime Minister Datuk Seri Najib Razak. “The government will provide the funds and appoint experts to […]
Foreign ownership of stockbroking firms raised to 70%
KUALA LUMPUR, 30 June 2009: Foreign shareholding limits in existing stockbroking companies will be increased to 70% from the current 49% in efforts to further enhance Malaysia’s position as a listing and investment destination, Prime Minister Datuk Seri Najib Razak announced here today. He also announced that with immediate effect, the Foreign Investment Committee (FIC) […]
Three PR-led states receive low federal allocation
By Gan Pei LingPETALING JAYA, 26 June 2009: Penang and two other Pakatan Rakyat-led states – Kedah and Kelantan – were among six states that received the lowest allocations from the government’s stimulus package. Citing data available from the government’s Treasury website, DAP’s Jalan Tembikai branch deputy chairperson Steven Sim said, for example, that Penang was only receiving […]
MACC conducted three investigations into Ali Rustam
By Zedeck SiewKUALA LUMPUR, 24 June 2009: The Malaysian Anti-Corruption Commission (MACC) conducted three investigations into Datuk Seri Mohd Ali Rustam’s alleged involvement in money politics. “The MACC conducted two investigations into certain parties that were allegedly involved in the giving of bribes for the purpose of nominating Ali Rustam as Umno deputy president,” said Minister in the Prime […]
Nazri promises to ensure rule of law
By Zedeck SiewKUALA LUMPUR, 23 June 2009: Minister in the Prime Minister’s Department Datuk Seri Nazri Aziz has promised to look into the Bar Council’s complaints about the arrest of five lawyers in May who tried to represent their clients at the Brickfields police station. “I have accepted this memo, and [the complaints] are in my jurisdiction, I […]
BN can go it alone, says Najib
PUTRAJAYA, 22 June 2009: The Barisan Nasional (BN) government has the capacity to continue administering the country even without the formation of the proposed unity government, Datuk Seri Najib Razak said today. The prime minister said the BN was strong and had the capability to implement its development programmes. As such, the question of the […]
Parliament sitting extended by two days
KUALA LUMPUR, 22 June 2009: The second meeting of the second session of the 12th Parliament which was supposed to end on 30 June 2009, has been extended by two days for the completion of certain matters. Dewan Rakyat Deputy Speaker Datuk Ronald Kiandee said Prime Minister Datuk Seri Najib Razak informed Parliament that the […]
RM6.95bil from first stimulus package disbursed
KUALA LUMPUR, 15 June 2009: Prime Minister Datuk Seri Najib Razak told the Dewan Rakyat today that almost 100% or RM6.95 billion from the first stimulus package’s allocation has been disbursed. He said that of this total, RM4.02 billion or 57.9% involving 43,681 projects have been offered to successful contractors while the remainder was in […]
