Welcome!
Barisan Nasional (BN)
1MDB Watch
Najib's lawyer Muhammad Shafee pleads not guilty to money laundering charges; granted RM1 mil bail
SINGAPORE (Sept 13): Muhammad Shafee Abdullah, has pleaded not guilty to two charges under Malaysia’s anti-money laundering act, for receiving RM4.3 million ($1.4 million) and RM5.2 million from former prime minister Najib Razak.
September 13, 2018
M&A
Khazanah in talks to sell stakes in M+S, Pulau Indah Ventures to JV partner Temasek
SINGAPORE (Aug 23): Khazanah Nasional, Malaysia's sovereign wealth fund, is in talks to divest its 60% stake in M+S to its joint venture (JV) partner, Temasek Holdings, according to reports from The Malaysian Reserve.
August 23, 2018
Malaysia
Excess $5.4 bil in excess taxes not refunded: Lim Guan Eng
SINGAPORE (Aug 23): Malaysia’s Finance Ministry yesterday said that the previous Barisan Nasional (BN) government did not refund RM16.05 billion ($5.35 billion) in excess income tax and real property gains tax (RPGT) paid by taxpayers as of May 31, 2018
August 23, 2018
Malaysia
Khazanah Nasional's entire board of directors resigns
SINGAPORE (July 26): Malaysia’s strategic investment fund, Khazanah Nasional Berhad, saw a major shake-up this morning, after all nine of its board members tendered their resignation, including managing director Tan Sri Azman Mokhtar.
July 26, 2018
Commentary
Blame all around as Najib arrested, charged
SINGAPORE (July 9): Some of my so-called friends have been giving me a hard time over the last couple of months for not voting at Malaysia’s general election on May 9. The way they see it, by doing nothing to help boot out Barisan Nasional (BN) and elec
July 13, 2018
Malaysia
Final cost of ECRL is $27 bil; Malaysia to consider project only if price reduced
SINGAPORE (July 3): Malaysia has confirmed that the final cost of the East Coast Rail Link (ECRL) is RM81 billion ($27.3 billion), without including the operating deficit, which currently cannot be determined for now, according to Malaysia’s Minister of
July 03, 2018
1MDB Watch
Malaysia to inject RM2.8 bil in rescue funding to complete TRX
SINGAPORE (June 21): The Malaysian government has agreed to inject RM2.8 billion ($950 million) of new capital into the Tun Razak Exchange (TRX) development in Kuala Lumpur to avoid bigger losses.
June 21, 2018
Commentary
Do investors have the right narrative on Malaysia?
SINGAPORE (May 28): It has been another dramatic week in Malaysia. The new Pakatan Harapan (PH) government has revealed that the country’s total debt and liabilities have breached RM1 trillion ($336 billion). It has also come to light that the previous
May 25, 2018
1MDB Watch
Insolvent 1MDB unable to repay debt as director warns of scam
(May 24): Troubles at Malaysia’s state investment company 1MDB deepened as its officials told the government the fund is insolvent and unable to repay debts that could amount to almost US$7 billion ($9.40 billion) over the next five years.
May 24, 2018
Commentary
Catharsis in Malaysia
SINGAPORE (May 21): Anwar Ibrahim has been pardoned and released from prison. Lim Guan Eng has been appointed Minister of Finance, subject to the clearing of graft charges against him. The Auditor-General’s report on 1Malaysia Development Bhd (1MDB) has
May 18, 2018