ADVERTISEMENT

1MDB


  • Filter by

Governance goes beyond corporates

THREE books hit Malaysian bookstores the past week and suddenly everyone is in the mood to read, to the extent of us being frequently asked “Have you read it?” by friends and family members, while others diligently share their opinions on the books via social media.

Scandal exposed: Construction workers chat in front of a 1MDB billboard at the fund’s flagship Tun Razak Exchange development in Kuala Lumpur. Malaysians now have now an opportunity to learn from the narrative provided by solid investigative journalism as well as inside scoops of many untold stories before on the 1MDB saga and how it all started. — AP

Leasing challenge for TRX

New KL development to take on rising supply of office space when it’s ready

Asking price: The initial asking rent of RM17 per sq ft sought by Exchange 106 may come down to between RM11 and RM12 per sq ft. However, Lombardo (pic, below) is keeping mum on his asking rent for the Lifestyle Quarter.

Primus files appeal over NY court’s refusal to hear claim

PETALING JAYA: Private equity firm Primus Pacific Partners has lodged an appeal over a New York court’s refusal to hear its US$500mil claim against Goldman Sachs for issues related to the 1Malaysia Development Bhd (1MDB) scandal in Malaysia, reports the Financial Times (FT).

Hong Kong-based Primus alleged that it was disadvantaged by advice Goldman gave concerning the December 2009 sale of EON Capital Bhd, a Malaysian bank that Primus had a 20% stake in.  EON Capital was sold to a domestic rival Hong Leong Bank Bhd

Book on Jho Low leaked and distributed

PETALING JAYA: The leaked version of the Billion Dollar Whale book on how fugitive businessman Jho Low had allegedly played a role in the 1MDB scandal is making its rounds on social media.

Money is cheap when it’s not yours

WHEN the money is not yours to begin with, there are no qualms about spending it. It does not matter if a hefty tip of a few hundred thousand is forked out to a waiter at the casino where you have run up a huge tab, or an expensive Ferrari is given as a wedding gift.

Expensive gifts: Jho Low reportedly presented expensive paintings to DiCaprio (left) and US$8mil worth of diamonds to Kerr. — AP

Malaysia finally scraps US$3bil China-backed pipeline plans

KUALA LUMPUR: Malaysia has finally scrapped three China-backed pipeline projects after halting work on them following the shock elections in May that saw an opposition alliance assuming power for the first time in the country.

Singapore orders return of first batch of pilfered 1MDB money

SINGAPORE: Singapore ordered millions of dollars misappropriated from the beleaguered 1MDB to be returned to Malaysia, the first time the city-state has repatriated assets to its neighbor following a globe-spanning probe.

Rocky times ahead for China FDI

A series of attacks on China-funded projects in Malaysia by the Prime Minister is causing anxiety not only to Chinese nationals but also locals.

Great wall of controversy: Dr Mahathir’s criticism of Alliance Steel’s barricade for its RM6bil integrated steel complex has upset some Chinese investors.

ADVERTISEMENT