Pressure mounts on Najib on second day of Malaysia protests
Malaysian protesters on August 30 continued with the second day of a huge anti-government rally in the capital Kuala Lumpur, chanting slogans and defiantly wearing the yellow T-shirts that the...
View ArticleSwitzerland freezes millions amid 1MDB investigation
Swiss authorities said on September 2 they had frozen funds held in Swiss bank accounts amid a probe into people linked to Malaysia’s troubled state investment fund, 1Malaysia Development Berhad...
View ArticleMalaysia, Al Jazeera clash over high-profile murder documentary (video)
Amid mounting tensions between Gulf Arab countries and Malaysia – triggered by alleged dubious money flows involving state-owned 1Malaysia Development Berhad, or 1MDB -, Qatar-based broadcaster Al...
View ArticleMalaysia braces for critical pro-government rallies on September 16
Preparations for pro-government rallies on “Malaysia Day” on September 16 are ongoing in a bid to show support for the beleaguered leadership of Malaysia’s Prime Minister Najib Razak, who is being...
View ArticleFBI investigation into 1MDB added to Malaysia PM’s full plate
The US Federal Bureau of Investigation (FBI) launched an investigation into allegations of money-laundering at troubled Malaysian state fund 1Malaysia Development Berhad (1MDB), according to a Wall...
View ArticleIt’s becoming tight for Mr. Najib: US launches corruption probe
The scandal surrounding alleged corruption at Malaysia’s state fund 1Malaysia Development Berhad (1MDB) has seemingly reached a point of no return. After US authorities started to look into Malaysia...
View ArticleMalaysia PM arrives in New York for UN meeting
Amid a number of global corruption probes, including by the FBI and the US Department of Justice, Malaysia’s Prime Minister Najib Razak on September 23 at night arrived in New York to start a working...
View ArticleRinggit in further heavy sell-off amid 1MDB probe
The sell-off in the Malaysian ringgit, already among the world’s worst performing currencies this year, reached new intensities on September 25 as the currency crossed the 4.40-mark to the US dollar in...
View ArticleMalaysia central bank urges 1MDB investigation, asks for $1.8bn payback
Malaysia’s central bank Bank Negara said on October 9 it had urged the country’s attorney general to begin criminal prosecution of troubled fund 1Malaysia Development Berhard, or 1MDB, after completing...
View ArticleMalaysia 2016 budget: Taxes up for the rich, higher minimum wage
Embattled Malaysian Prime Minister Najib Razak unveiled a proposed 2016 national budget on October 23 that delivers benefits for the poor while raising taxes on the rich in a balancing act aimed at...
View ArticleEmbattled 1MDB gets nod for mega-project in Kuala Lumpur
1MDB Real Estate Sdn Bhd, a subsidiary of scandal-shaken Malaysian sovereign investment fund 1Malaysia Development Berhad led by embattled Prime Minister Najib Razak, has received “in principle” the...
View ArticleIndonesia, Malaysia to create OPEC-like palm oil price cartel
Indonesia and Malaysia. the world’s top palm oil producing nations, will create a new joint palm oil body tasked with stabilising prices and managing stock levels, the two countries announced on...
View ArticleRinggit takes a breather after multi-billion 1MDB power deal with China
Malaysia’s battered currency, the ringgit, rose the most among emerging-market currencies on November 24, while stocks and bonds gained after scandal-hit and debt-ridden state investment company struck...
View ArticleDid Malaysia PM use donor money for 2013 election campaign?
Malaysia’s Prime Minister Najib Razak said he channeled an anonymous $700 million donation to politicians and projects to help his ruling party win 2013 elections, the Wall Street Journal (WSJ)...
View ArticleConfusion about price for 1MDB’s Bandar Malaysia sale
In another not very flattering blunder, Malaysia’s state-owned investment firm 1Malaysia Development Berhad (1MDB) obviously miscommunicated the effective sales price for the majority of its property...
View ArticleOil glut: Malaysia’s Petronas to cut $11.4b in spending
Malaysia’s state-owned oil giant Petronas says it will have to slash as much as $11.4 billion in capital and operating expenses over the next four years if the low oil prices persist. The company, like...
View ArticleMalaysia PM cleared of graft – $681-million ‘gift’ came from Saudi royals
Malaysia’s anti-corruption investigators cleared Prime Minister Najib Razak of graft over a transfer of $681 million donated to his personal bank accounts, bringing the premier closer to ending his...
View ArticleProminent companies named amid new 1MDB scandal of missing $4 billion
Switzerland’s top prosecutor after months of investigation on January 29 said there are “serious indications” that $4 billion may have been misappropriated from state-owned companies in Malaysia that...
View ArticleFrance opens probe into alleged bribery of Malaysia PM in arms deal
French prosecutors announced they launched a formal investigation into whether Malaysian Prime Minister Najib Razak was paid bribes over a $1.2 billion arms deal in 2002 when he was defense minister....
View ArticleMalaysia considers jail for life and cane strokes for whistleblowers,...
Malaysia’s new Attorney General Mohamed Apandi Ali, who was hand-picked for the role by Prime Minister Najib Razak in July last year and just cleared the latter of any wrongdoing in connection with a...
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