Penalty for Ambank - Horses’ Mouths – 24 November 2015

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Penalty for Ambank

This review has led to the strengthening of our governance structure and its ongoing and the penalty has no material impact on AmBank Group's earnings for the financial year 2016.

AMMB Holdings Bhd, agreeing to pay a penalty of RM53.7 million to Bank Negara Malaysia over non-compliance with certain regulations by AmBank (M) Bhd and AmBank Islamic Bhd



Edra power assets sold

The transaction is expected to be completed in February 2016.

China General Nuclear Power Corporation (CGN), on buying 1MDB’s entire power assets under Edra Global Energy Bhd for RM9.83 billion cash



Call for Najib to step down

The Umno president needs to step down because he has caused a lot of damage. Stop damaging Umno. Hold party elections immediately. It must not be postponed any longer.

Zairuddin Hamid, Umno Bandar Pulai Jaya 2 branch chief, calling for Najib Razak’s resignation as party president


I have no intention to hurt the feelings of any quarters, but Umno is alive and will continue to be relevant by following the existing procedures and regulations.

Ahmad Zahid Hamidi, Deputy Prime Minister, claiming that certain quarters were behind the action of several Umno branches in calling for the resignation of the party president



Low Yat 2

Thirty-six premises selling telecommunications equipment owned 100% by bumiputra companies have been shorlisted to commence their business.

Ismail Sabri Yaakob, Rural and Regional Development Minister, announcing that “Low Yat 2”, a retail and wholesale centre for telecommunications equipment like the Low Yat Plaza in Bukit Bintang, will be opened on Dec 8



Umno’s AGM

Proceedings will be closed-door. And only the president’s speech will be aired. What kind of Umno assembly is this?

Dr Mahathir Mohamad raising issues over the upcoming Umno general assembly in December as matters relating to 1Malaysia Development Berhad (1MDB) and the RM2.6bil in the Prime Minister's account would not be raised during the meeting



Sulu princess’ picture

We regret that this has cause uneasiness among the people and Nurul Izzah has already apologised to the families of the victims, so why are we playing up his issue?

Tian Chua, PKR vice president, stressing that both he and PKR vice-president Nurul Izzah Anwar regret the uneasiness caused by the pictures taken with Jacel Kiram during their trip to the Philippines but he maintains that they were unaware that they were taking the pictures with the self-styled Sulu princess

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