LANGKAWI: Former Malaysian prime minister Najib Razak says he shouldn’t be blamed for the multibillion-dollar 1Malaysia Development Bhd (1MDB) scandal, and declares he knows nothing about money from the state fund appearing in his personal account.
He does, though, have explanations for the vast sums of cash, luxury handbags and jewellery recently seized from his homes by the Malaysian authorities.
SHANGHAI: Foreign airlines that fly on 20 popular long-haul routes to China will face fresh competitive pressure as Beijing begins to ease decade-old restrictions on Oct 1, allowing more Chinese carriers to offer service.
KUALA LUMPUR (Sept 26): Malaysia’s Youth and Sports Ministry has appointed AirAsia Group CEO Tan Sri Tony Fernandes as chairman of Malaysia Stadium Corporation (MSC) to help improve its structure, operations and finances.
* MSC has RM11 million of debt, ministry says in statement
** His appointment based on his performance and experience as respected corporate figure
* NOTE: MSC is a federal statutory body that manages and maintains sports complexes and arenas under the Youth and Sports Ministry: Website