Showing 1 - 10 of 55
Malaysia PM says ringgit fall concerning but must look at comprehensive view
Reuters, Published on 23/02/2024
» KUALA LUMPUR: Malaysia's Prime Minister Anwar Ibrahim on Friday said the ringgit currency's fall to a 26-year-low this week was concerning but a comprehensive view of the situation must be taken into account.
Goldman sues Malaysia as 1MDB settlement dispute escalates
Bloomberg News, Published on 12/10/2023
» NEW YORK - Goldman Sachs Group Incorporated took the unusual step of suing Malaysia in a UK court amid festering disagreement over a settlement tied to its role in the 1MDB investment-fund scandal.
Advancing cautiously
Asia focus, Ismira Lutfia Tisnadibrata, Published on 27/06/2022
» Asian economies are bouncing back amid the so-called Great Reset triggered by the Covid-19 pandemic. But a cautious mood prevails given the possible short-term risks of new waves of the virus, rising inflation and political instability.
Myanmar junta backs Telenor unit sale after buyer M1 pairs with local firm
Reuters, Published on 21/01/2022
» BANGKOK: Lebanon's M1 Group will partner with a Myanmar firm to take over Norwegian telco Telenor's business in the Southeast Asian country after its military junta sought a local buyer, three sources familiar with the matter told Reuters.
New owner plans $300m Myanmar mobile expansion
Bloomberg News, Published on 04/09/2021
» The Lebanese investment firm M1 Group has pledged to spend US$330 million over the next three years to expand the Myanmar telecom business that it is buying from Telenor of Norway, bucking moves by many international investors to exit the junta-ruled country.
The race to invest in Indonesia
Asia focus, Ismira Lutfia Tisnadibrata, Published on 22/02/2021
» Indonesia is seeking to spur much-needed investment in infrastructure projects to revive its pandemic-battered economy with the launch of a sovereign wealth fund.
$10m pay-cut for Goldman Sachs CEO over 1MDB scandal
AFP, Published on 27/01/2021
» SAN FRANCISCO: Goldman Sachs cut its CEO David Solomon's 2020 salary by $10 million to $17.5 million because of the bank's role in the 1MDB Malaysian bribery scandal, according to documents filed Tuesday.
Goldman, Malaysia sign off on $3.9bn 1MDB settlement
AFP, Published on 19/08/2020
» 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.
Chinese and European shares gain as dollar slides
Business, Nuntawun Polkuamdee & Darana Chudasri, Published on 01/08/2020
» Recap: Chinese stocks edged up and European shares recovered from their lowest levels in a month, while Asian currencies were on course to end July with their best performance in months, as the US dollar tumbled on worries over a second Covid-19 outbreak derailing the US economic recovery.
New China-US spat takes shine off stocks
Business, Nuntawun Polkuamdee & Darana Chudasri, Published on 25/07/2020
» Recap: Global shares ended the week on a downbeat note despite a bounceback in European business activity as concerns flared over intensifying China-US tensions, while gold approached its all-time high of US$1,920 per ounce.