Goldman, Malaysia sign off on $3.9 bn 1MDB settlement
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.
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.
Malaysia’s gross domestic product (GDP) contracted 17.1 per cent year-on-year in the second quarter of 2020, compared to a marginal growth of 0.7 per cent in the first quarter, Bank Negara and the Department of Statistics announced on Friday (Aug 14).
“I have been working in Singapore for 17 years, but now I cannot go in … selling durian is the only way I can earn money for now.” A man selling the fruit in a carpark in Gelang Patah told me.
Najib and Umno are the biggest losers, risking a party purge and a weaker chance of returning to power …
Some five weeks after the leaders of Singapore and Malaysia agreed to set up special travel arrangements between both countries, the authorities here have announced details of the health requirements and application process.
Malaysia’s former Prime Minister Najib Razak is due to spend 12 years in prison, after being found guilty on Tuesday in his first corruption trial stemming from the multibillion-dollar 1Malaysia Development Berhad scandal.
Former Malaysian prime minister Najib Razak will make a comeback if he is found not guilty next week on corruption and money-laundering charges related to SRC International, said Dr Mahathir Mohamad.
Former Malaysian prime minister Mahathir Mohamad and five Members of Parliament (MPs) aligned to him announced on Friday (Jul 10) that they will remain as an independent bloc and will not join any coalition.
No compensations have been paid to Singapore counterparts for the postponement of the KL-Singapore High-speed Rail (HSR) project, Minister of International Trade and Industry Datuk Seri Mohamed Azmin Ali said today.
MALAYSIA share prices opened higher on Wednesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 1.25 points, or 0.08 per cent, to 1,576.41 as at 9.03am.
A Malaysian construction worker who wished to be known only as Muhd Hassan, was left in the lurch after he received a termination letter from his company late last month.
Fondly known as the gentle giant in the badminton fraternity, Aik Mong, lost his battle against liver cancer Sunday (May 31) at the age of 70.
For more than two months, this 14-year-old has been living on his own in Singapore, isolated from his family in Tebrau, a suburb of Johor Bahru.
Read more at www.channelnewsasia.com
The suspension of the High Speed Rail (HSR) project aimed at linking Singapore and Kuala Lumpur will be extended to the end of this year.
The Malaysia economy may sink into a recession of -1.6% despite an outsized stimulus package and further monetary easing.
Read more at www.dbs.com