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Malaysia

SC chief to quit amid row over E&O

KUALA LUMPUR, Feb 4 — Tan Sri Zarinah Anwar will step down as Securities Commission (SC) chief next month amid pressure over the market regulator’s role in Sime Darby’s acquisition of a 30 per cent stake in property group E&O last August, The Straits Times reported today.

According to the Singapore daily, Zarinah, the first woman to head the ... Read More

Datuk Seri Anwar Ibrahim and PKR leaders “loh sang” at the party’s Chinese New Year open house for the Batu constituency at SJK (C) Jinjang Selatan February 1, 2012. — Picture by Choo Choy May
Datuk Seri Anwar Ibrahim and PKR leaders “loh sang” at the party’s Chinese New Year open house for the Batu constituency at SJK (C) Jinjang Selatan February 1, 2012. — Picture by Choo Choy May

Loan scheme for unqualified home buyers violates EPF Act, say Pakatan reps

By Yow Hong Chieh
KUALA LUMPUR, Feb 4 — Putrajaya’s plans to use RM1.5 billion from the Employees Provident Fund (EPF) to give home loans to unqualified buyers is in breach of the EPF Act 1991, which sets out permissible ... Read More

1 Care in its ‘final stages’, say Health Ministry officials

By Yow Hong Chieh
KUALA LUMPUR, Feb 4 — Putrajaya’s controversial 1 Care scheme, which critics claim will tax citizens and businesses monthly to foot the country’s growing healthcare bill, has already entered its “final ... Read More

Sugar deal inked above market price as subsidy bill spikes

By Lisa J. Ariffin
KUALA LUMPUR, Feb 3 – Malaysia signed a long-term sugar supply deal at a fixed price of US$26 (RM78.20) per hundred pounds last month despite global prices for the commodity hovering around US$23, ... Read More

Shahrizat says NFCorp test from Allah, vows to fight on

SEPANG, Feb 3 — Wanita Umno chief Datuk Seri Shahrizat Abdul Jalil says she plans to continue leading the women’s wing of the party despite the National Feedlot Corporation (NFCorp) scandal implicating ... Read More

Special scheme won’t undermine EPF, says Najib

By Shazwan Mustafa Kamal
KUALA LUMPUR, Feb 3 — The use of RM1.5 billion from the Employees Provident Fund (EPF) in a scheme offering home loans to those who cannot qualify for bank financing will not be detrimental to EPF ... Read More

The Economist says ‘so much for the great reform programme’

KUALA LUMPUR, Feb 3 — Influential international current affairs magazine The Economist has suggested that Prime Minister Datuk Seri Najib Razak may be courting electoral disaster because the reforms he ... Read More

Minister defends scheme to lend EPF money to unqualified home buyers

By Shazwan Mustafa Kamal
KUALA LUMPUR, Feb 3 — The government was forced today to allay fears that RM1.5 billion from the Employees Provident Fund (EPF) would be lost in a scheme offering home loans to those who cannot qualify ... Read More

‘1 Care’: Talk of financial impact on taxpayer ‘premature’, says Health Ministry

KUALA LUMPUR, Jan 3 — The proposed “1 Care” healthcare scheme will not inflict unnecessary financial costs on Malaysians, Bernama Online reported the Health Ministry as saying today.In a statement issued ... Read More

PAS says Hadi to contest GE

By Shazwan Mustafa Kamal
KUALA LUMPUR, Feb 3 — PAS today announced that Datuk Seri Abdul Hadi Awang will be fielded as a candidate in the next general election, bringing an end to speculation over the PAS president’s political ... Read More

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