The United States is seeking to seize another $96 million in assets allegedly linked to Malaysia’s 1MDB corruption scandal, including Claude Monet and Andy Warhol paintings, officials said. Billions …
Malaysia’s 1MDB scandal: US seeks seizure of fugitive Jho Low’s Paris apartment, artworks
US prosecutors expanded their effort to seize assets that fugitive Low Taek Jho allegedly bought with money stolen from Malaysia’s 1MDB state investment fund, including a Paris apartment and art works …
Retail shops in Malaysia move online to stay afloat
Even though it has had a negative impact on both public health and the economy, the Covid-19 outbreak was a game changer when it came to digital transformation. It forced retailers to migrate to …
Wintermar Offshore (WINS:JK) Successfully Reschedules US$29 Million of Debt with IFC and DEG
Wintermar has concluded a rescheduling agreement with two major lenders, the International Finance Corporation (IFC … IFC Country Manager for Indonesia, Malaysia, and Timor Leste. Mr Heribert Puetz, …
Malaysia Manufacturing Sector Expands In June – IHS Markit
The manufacturing sector in Malaysia swung back to expansion in June, the latest survey from IHS Markit revealed on Wednesday with a …
Najib’s 1MDB Trial on Hold to Let Him Join Malaysia Politics
The 1MDB trial for Malaysia’s former leader Najib Razak is put on hold, allowing him to join the political campaign at an upcoming by-election and deliver a speech when parliament sits.
Malaysia’s manufacturing PMI up sharply to 51 in June
The headline IHS Markit Malaysia Manufacturing Purchasing Managers’ Index (PMI) rose sharply to 51.0 in June 2020 from 45.6 in May 2020, its highest since September 2018.
Win Streak Likely To Continue For Malaysia Shares
The Malaysia stock market has tracked higher in back-to-back sessions, gathering more than a dozen points or 0.8 percent along the way. The Kuala Lumpur Composite Index now rests just above the …
Malaysia’s former leader Mahathir wants to wrestle back power — just months after resigning
Former Malaysian Prime Minister Mahathir Mohamad wants to take down the current government. His resignation from the top job in February had resulted in the collapse of the previous administration …
Covid-19: After over 100 days of closure, cinema operators in Malaysia ready to welcome back moviegoers
Cinema operators in Malaysia are gearing up to welcome moviegoers back into theatres from tomorrow after 15 weeks of total closure since the implementation of the …