Showing 1 - 10 of 50
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.
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.
Goldman makes $3.9bn deal with Malaysia
Bloomberg News, Published on 24/07/2020
» KUALA LUMPUR: Goldman Sachs has reached a deal under which Malaysia will drop all criminal and regulatory proceedings against the US bank in exchange for $3.9 billion in reparations for its role in raising money for the troubled sovereign wealth fund 1MDB.
Global shares mixed, SET gains on lockdown easing
Business, Nuntawun Polkuamdee & Darana Chudasri, Published on 16/05/2020
» Recap: Global stock markets ended the week on a mixed note as investors digested Donald Trump's remark about cutting ties with China over the Covid-19 pandemic. Local shares, however, were buoyed by the confirmation of eased lockdown measures starting tomorrow.