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  • 1mdb

    The 1MDB scandal affects market sentiment, but is not a systemic risk to Malaysia's credit rating, says Moody's Investors Service' Atsi Sheth

  • *Malaysia, Vietnam, Indonesia among countries eyeing new jets. SINGAPORE/ KUALA LUMPUR, April 22- With an eye on China's more muscular stance in the South China Sea, Southeast Asian governments are stepping up efforts to replace aging fighter aircraft fleets, paving the way for multi-billion dollar deals in a boon for warplane makers. Despite tight budgets across...

  • The abrupt exit of Malaysia Airlines' German boss has revived debate in Malaysia over the wisdom of picking a foreigner to run its ailing carrier.

  • *Malaysia, Vietnam, Indonesia among countries eyeing new jets. SINGAPORE/ KUALA LUMPUR, April 22- With an eye on China's more muscular stance in the South China Sea, Southeast Asian governments are stepping up efforts to replace ageing fighter aircraft fleets, paving the way for multi-billion dollar deals in a boon for warplane makers. Despite tight budgets...

  • *Indonesian, Malaysia, Philippines ministers to meet. JAKARTA, April 21- Indonesia fears piracy on a shipping route along its sea border with the Philippines could reach Somalian levels and has told vessels to avoid danger areas, officials said on Thursday, after a spate of kidnappings. Concerns over maritime attacks by suspected Islamist militants are...

  • Protesters demanding Prime Minister Najib Razak's resignation during an August rally in Kuala Lumpur.

    The financial structure of Malaysian state investment vehicle 1MDB was unsustainable from the very start, according to a top government minister.

  • KUALA LUMPUR, April 20- Malaysian palm oil futures rose for a third consecutive day on Wednesday, tracking a rally in alternative vegetable oils to reach a near two-week high. It earlier hit an intraday peak of 2,733 ringgit, the highest since April 7. Among alternative oils, the September soybean oil contract on the Dalian Commodity Exchange gained 1.6 percent,...

  • Christoph Mueller, chief executive officer of Malaysian Airline System, speaks during an interview on the sidelines of the Singapore Airshow Aviation Leadership Summit in Singapore, on Monday, Feb. 15, 2016.

    Malaysia Airlines boss Christoph Mueller will leave in September, well before the end of his three-year contract.

  • French gendarmes and police inspect a large piece of plane debris which was found on the beach in Saint-Andre, on the French Indian Ocean island of La Reunion, July 29, 2015. French prosecutor announced on Thursday that we can say with certainty that the wing part found on Saint-Andre beach was from missing Malaysia Airlines Flight MH370.

    Two pieces of debris were very likely parts of vanished Malaysia Airlines MH370's wing and tail, officials said Tuesday.

  • KUALA LUMPUR, Malaysia— Malaysia Airlines CEO Christoph Mueller will leave his job in September, way ahead of the end of his three-year contract, due to his "changing personal circumstances." The national airline suffered years of financial losses before the twin disasters in 2014, the disappearance of Flight 370 and the loss of another plane shot down over...

  • Malaysia says it will honor commitments to IPIC

    International Petroleum Investment Company claims Malaysia's 1MDB is in default after failing to make its payment.

  • DHAKA, Bangladesh— Bangladesh investigators have determined that at least 20 foreigners were involved in the cybertheft of $101 million from the Bangladesh central bank's account in the Federal Reserve Bank of New York, a senior investigator said Monday. Shah Alam, an official with the Criminal Investigation Department of the Bangladesh police, said the...

  • DUBAI, United Arab Emirates— A government-backed investment fund in the United Arab Emirates said Monday that heavily indebted Malaysian investment fund 1 MDB and the southeast Asian country's finance ministry have defaulted on more than $1.1 billion they owe. The Abu Dhabi- based International Petroleum Investment Co.' s allegation in a filing to the...

  • Signage for 1Malaysia Development Bhd. (1MDB) is displayed at the site of the Tun Razak Exchange (TRX) project in Kuala Lumpur, Malaysia.

    An Abu Dhabi wealth fund said a June deal to provide financial support to 1MDB had been terminated after the Malaysian fund failed to meet obligations.

  • *Nazir Razak takes voluntary leave of absence. KUALA LUMPUR, April 18- The Malaysian prime minister's brother, Nazir Razak, announced on Monday that he was taking voluntary leave of absence from his role as chairman of CIMB Group Holdings Bhd amid an independent review into money transfers to his personal account. Nazir was dragged into a scandal around...

  • Nazir Razak, chief executive officer of CIMB Group Holdings Bhd., speaks during the Invest Malaysia Conference in Kuala Lumpur, Malaysia, on Monday, June 9, 2014.

    Najib Razak's brother took a voluntary leave of absence from his role as chairman of CIMB Group Holdings, a company source said.

  • *Government-led shake-up to go furthest in kingdom's history. RIYADH/ DUBAI, April 14- In late February, several hundred Saudi officials, company executives and foreign consultants gathered in a luxury Riyadh hotel to discuss how Saudi Arabia's economy could survive an era of cheap oil. The National Transformation Plan, as Riyadh has dubbed the changes, is...

  • The trail of breadcrumbs from a troubled 1MDB took another twist Tuesday when Swiss authorities said some of the money ended up in the movie business.

  • Fingerprints

    Some of the Wall Street banks suspected of playing key roles in helping the scandal-riddled Malaysian fund raise and move money.

  • Signage for 1Malaysia Development Bhd. (1MDB) is displayed at the site of the Tun Razak Exchange (TRX) project in Kuala Lumpur, Malaysia.

    Abu Dhabi's wealth fund said a subsidiary never received $3.5 billion that troubled 1MDB sent to a British Virgin Islands firm with a similar name.