Reporter Daily

Saturday, October 9, 2010

1MDB posts RM425 mil net profit

SHAH ALAM 8 October - 1Malaysia Development Bhd (1MDB), the strategic development company, posted a net profit of RM425 million for its first financial year ended March 31, 2010.

The result underscores the company's strong corporate governance as it strives to be a strategic enabler for new ideas and source of growth, said Prime Minister Najib Abdul Razak.

"Indeed, this strengthens my confidence in 1MDB as a critical enabler in the government's economic transformation programme for Malaysia to have a high performance and market-driven economy as well as become a high-income nation."

Saturday, October 9, 2010 by Reporter Daily · 0

Court Rules Removal of Sivakumar Was Legit And Valid

PUTRAJAYA 8 October - The court cannot interfere in matters that transpired in Perak state assembly proceedings and its resolution over the removal of V Sivakumar as the speaker, the Court of Appeal said.

Justice Abdul Malik Ishak said whatever had taken place on May 7 last year in the Perak state assembly where Sivakumar was removed as the speaker and was replaced with R Ganesan, was legitimate and validly done according to the law.

by Reporter Daily · 0

Rosnah: Adnan Unfair To Accuse Puteri Umno Only Wants Positions

SHAH ALAM 8 October - Puteri Umno is furious with party secretary-general Tengku Adnan Tengku Mansor's statement that Puteri and Pemuda members are self-serving and only interested in positions.

Puteri Umno chief Rosnah Abdul Rashid Shirlin said she was saddened by Adnan's statement and would raise the movement's indignation over the senior leader's criticism at the next supreme council meeting.

She said it was unfair of Tengku Adnan to make such a sweeping statement against Youth and Puteri members who were doing all they could for the party and government.

by Reporter Daily · 0

Gerakan Speaker Misunderstood As The 'Boss'

SHAH ALAM 8 October - The Gerakan "boss" who allegedly wanted to meet a delegate to induce him to withdraw from the party's emergency general meeting on Sunday was Gerakan national speaker Chin Fook Wing (right), a senior leader who often helps out at the party's headquarters on Jalan Macalister.

by Reporter Daily · 0

Racial Principals: Kit Siang Filed Emergency Debate

SHAH ALAM 8 October - Member of Parliment for Ipoh Timor, Lim Kit Siang has filed a notice for an emergency debate when Parliament resumes on Monday to debate the government's inaction against two principals who allegedly uttered racial slurs against minority students.

In a statement today, Lim said that the debate was necessitated by nearly two months of inaction against the two school principals.

by Reporter Daily · 0