The $3.9 billion 1MDB settlement that Malaysia struck with Goldman Sachs Group Inc. provides a timely boost to the government’s coffers just as it faces soaring debt.The payout equates to nearly …
This Local Businessman Is Now Malaysia’s Fifth Billionaire, Thanks To The COVID-19 Pandemic
While most industries are suffering because of COVID-19, one industry is striving and had propelled its owners to billionaire status. The fifth, and latest, from the industry to make billions of …
Coronavirus LIVE Updates: World Still Long Way from Herd Immunity, Says WHO, Plays Down Threat from Malaysia Strain of Covid-19
Coronavirus LIVE Updates: The World Health Organisation (WHO) said “changes in viruses happen all the time”, after a new Covid-19 mutation was discovered in three cases in Malaysia, deemed to be 10 …
Goldman, Malaysia sign off on $3.9bn 1MDB settlement
KUALA LUMPUR: Goldman Sachs and Malaysia have signed an agreement finalising the US bank’s $3.9 billion settlement over the 1MDB scandal, allowing for its implementation. Both parties announced the …
Malaysia reports 7 new COVID-19 cases
The PCA allows Singapore and Malaysia citizens or permanent residents who hold long-term immigration passes for business and work purposes in the other country to enter that country for work.
Coronavirus: Malaysia up in arms over Indonesian medical ‘tourists’
Malaysia’s borders are closed to foreigners but it has chosen … “Why is the state favouring or assisting a commercial consideration specific to private hospital business entities? It only brings …
What’s behind corruption and money laundering scandals plaguing Kuwait?
From involvement of Kuwaitis in 1MBD to domestic bribes, Kuwait has seen rise in graft The Malaysian fund scandal, otherwise known as 1Malaysian Development Berhad (1MBD) case, was one of the most …
Goldman, Malaysia Sign Final Deal on 1MDB Settlement
A representative for Malaysia’s finance ministry couldn … bloomberg.com Subscribe now to stay ahead with the most trusted business news source.
Malaysia’s July CPI falls 1.3% year-on-year, in line with forecast
KUALA LUMPUR (Reuters) – Malaysia’s consumer price index (CPI) fell for the fifth month in a row in July, contracting 1.3% from a year earlier, government data showed on Tuesday. The drop was in line …
What the Singapore-Malaysia border re-opening means for coronavirus-era travel
Early on Monday, 31-year-old Saiful Shukeri became one of the first commuters to cross the land border between Singapore and Malaysia since it was closed amid the coronavirus pandemic in March. The …