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Malaysia
Malaysia has room to pump-prime, revise 3% fiscal target for 2020
SINGAPORE (Aug 12): Finance Minister Lim Guan Eng, who is slated to table Budget 2020 on Oct 11, has said that meeting the country’s fiscal consolidation targets will be “challenging” on the back of the US-China trade war, but added that the governm
August 08, 2019
Malaysia
China, Malaysia restart East Coast Rail Link project after year-long suspension
DUNGUN, TERENGGANU (July 25): China and Malaysia resumed construction of the East Coast Rail Link (ECRL) project in peninsula Malaysia on Thursday, after a year-long suspension and following a rare agreement to cut its cost by nearly a third to about US$
July 25, 2019
1MDB Watch
More questions than answers on Jho Low's ties
(July 22): The SRC trial, which entered its 40th day last week, revealed a fresh link between Datuk Seri Najib Razak and fugitive businessman Low Taek Jho — also known as Jho Low — in the transfer of US$681 million ($927 million) allegedly belonging t
July 22, 2019
1MDB Watch
Jho Low was at Najib's home when AmBank MD facilitated opening of ex-PM's account
The witness also told the court that AmBank's involvement with 1Malaysia Development Bhd began in 2009, when 1MDB became a corporate client of the bank.
During examination-in-chief by Deputy Public Prosecutor Datuk Suhaimi Ibrahim, Cheah also said
July 18, 2019
1MDB Watch
Latest returned 1MDB loot includes 'King Kong' poster, Basquiat
“Wolf of Wall Street” producer Joey McFarland agreed to hand over the items that he said he received as gifts from Low Taek Jho, the alleged mastermind behind the theft of billions of dollars from the Malaysian fund, and his accomplices, according to
July 16, 2019
Malaysia
Mahathir's plans for Malaysia extends beyond its first century
(July 8): One year after a historic regime change, Malaysia’s politics remain a combustible cocktail of sleaze and power lust. At least the economy is on the right track, even if it’s nowhere close to fulfilling its potential.
July 08, 2019
M&A
ST Group Food Industries acquires rights to NeNe Chicken brand in New Zealand
SINGAPORE (July 5): ST Food Industries (ST Group) has entered into a master franchise agreement with Hyein Foods Co for the exclusive rights to the ‘NeNe Chicken’ brand in New Zealand.
July 05, 2019
Global Economy
Briefs
SINGAPORE (July 8): “Large organisations respond to leadership, not administrative heads and not managers but leaders, and Iacocca was a brilliant leader.” — Long-time car industry executive Bob Lutz, describing his mentor Lee Iacocca, who led Ford,
July 05, 2019