Jamal apologises to former minister Yeo, settles defamation suit
KUALA LUMPUR: Sungai Besar UMNO division head Datuk Seri Jamal Md Yunos today apologised to former minister of Energy, Science, Technology, Environment and Climate Change Yeo Bee Yin to settle a defamation suit in relation to Yayasan Warisan Anak Selangor (Yawas) funds. Jamal, 50, read out his statement of apology at the Kuala Lumpur Court […]
Road connectivity for all settlements
CONNECTIVITY to all settlements in the state is among the factors taken into consideration when planning the construction of roads. Assistant Minister of Infrastructure and Ports Development Datuk Julaihi Narawi said there were some 6,000 settlements scattered throughout the state. “Therefore, the Gabungan Parti Sarawak (GPS) state government has rural programmes to connect settlements all […]
Goldman Sachs to pay $3.9 bln to Malaysia to settle 1MDB dispute
BY ROZANNA LATIFF AND JOSEPH SIPALAN KUALA LUMPUR: U.S. investment bank Goldman Sachs has reached a $3.9 billion settlement with the Malaysian government over the multibillion-dollar 1MDB scandal, the two sides said on Friday. The deal includes a $2.5 billion cash payout by Goldman and a guarantee by the bank to return at least $1.4 […]
Petronas gives undertaking to withdraw appeal
PUTRAJAYA: The Court of Appeal was told today that Petroliam Nasional Berhad (Petronas) has given the undertaking to withdraw its appeal against the Kuching High Court’s decision that Sarawak is entitled to collect sales tax on petroleum products. State legal counsel Datuk Seri J C Fong told a three-member bench that in view of the […]
No U-turn in accepting RM2 bln from Petronas
KUCHING: Sarawak did not make a U-turn when it decided to agree to accept the settlement of RM2 billion in State Sales Tax (SST) owed to it by Petronas. “It has nothing to do with the Petroleum Development Act 1974 (PDA 1974), but it was in line with the Federal Constitution,” said Tasik Biru assemblyman […]
