Malaysia's investigations into the troubled state-development fund never looked at key evidence. » Read More
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,...
Malaysia Airlines boss Christoph Mueller will leave in September, well before the end of his three-year contract.
Two pieces of debris were very likely parts of vanished Malaysia Airlines MH370's wing and tail, officials said Tuesday.
International Petroleum Investment Company claims Malaysia's 1MDB is in default after failing to make its payment.
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...
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.
Some of the Wall Street banks suspected of playing key roles in helping the scandal-riddled Malaysian fund raise and move money.
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.
*Malaysia's 1 MDB sent $3.5 bln to the BVI firm. *Malaysia's parliament says BVI money cannot be traced. ABU DHABI/ KUALA LUMPUR, April 11- The mystery over who controlled a British Virgin Islands-registered company that received $3.5 billion from Malaysia's scandal-tainted state fund 1 MDB deepened on Monday when a company in the Middle East with an almost...
Merdeka Center's Ibrahim Suffian says the government wants to end the 1MDB scandal, and identify key figures to be held accountable.
*PAC says 1 MDB board failed to carry out its responsibilities. KUALA LUMPUR, April 7- A Malaysian parliamentary inquiry into 1 Malaysia Development Bhd said the board of the troubled state fund had failed to carry out its responsibilities and its former chief must be further investigated. It called for the advisory board of the fund- chaired by Prime Minister...
Oh Ei Sun from NTU discusses the findings of a Malaysian inquiry into the 1MDB fund.
Nomura Singapore's Euben Paracuelles says Malaysia's other sectors are performing well and offsetting the impact of the commodities slump.
Central banks in India and Australia are set to issue policy calls, amid bad-debt concerns in both countries. Singapore's central bank will also meet.
JAKARTA, April 4- As forest fires raged like never before across Indonesia last year, President Joko Widodo announced he was setting up a special agency to tackle the annual scourge that shrouds parts of Southeast Asia in choking haze. Foead, an environmental expert who was formerly the World Wildlife Fund's conservation director in Indonesia, so far has just a...
Abdul Wahid Omar, Malaysia's economic planning minister, expects GDP to grow 4-4.5 percent this year because it has diversified away from commodities.