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Govt to ensure no opportunity for another 1MDB: Guan Eng

KUALA LUMPUR: The government will ensure there is no opportunity for “another 1MDB” to rear its ugly head in the country, whether by the current leadership or any future leadership, that becomes corrupt with power.

The government will ensure there is no opportunity for “another 1MDB” to rear its ugly head in the country, whether by the current leadership or any future leadership, that becomes corrupt with power.

Malaysia on right track to regaining Asian Tiger status

KUALA LUMPUR: Finance Minister Lim Guan Eng is confident that Malaysia is on the right track to strengthen the economy and fiscal status by 2021, leading the way to regaining its position as an Asian Tiger.

Another wake-up call for Pakatan

A 40% drop by any standard in a poll has to be a wake-up call for a government to change the way it’s managing the country as it shows significant dissatisfaction among voters.

Singapore to send RM106mil back to Malaysia

SINGAPORE: Singaporean authorities are preparing to return about S$35mil (RM106mil) surrendered by former Goldman Sachs Group Inc. banker Roger Ng and his family in connection with the 1MDB scandal to Malaysia, according to people familiar with the matter.

Mammoth project, massive questions

ON the face of it, the massive Bandar Malaysia project, to be developed over prime land valued at over RM12bil, seems like the grand prize that any property developer would hope to win. However, the reality is that the developers of the project will have a long, winding path, fraught with challenges.

US Justice staff seek Goldman guilty plea in 1MDB settlement

U.S. Department of Justice staff have made an internal recommendation that Goldman Sachs Group Inc plead guilty as part of any potential settlement over its role in a corruption scandal involving a Malaysian sovereign wealth fund, the Financial Times reported on Wednesday.

A criminal guilty plea, considered one of the harshest penalties the Justice Department can impose on a company, could potentially expose Goldman to litigation from private parties and result in restrictions on its business, depending on the final terms of any settlement.

FGV shares rise to five-month high

PETALING JAYA: Shares of plantation giant FGV Holdings Bhd rose to a high of RM1.32 yesterday, its highest since November 2018 on fresh corporate news and also it was upgraded to a buy.

At 5pm yesterday, the stock ended five sen up to RM1.31, with 31.5 million shares done.

FGV, TH mull up to US$1bil asset sale

Kuala Lumpur: Palm oil giant FGV Holdings Bhd and the pilgrims fund are considering selling plantation assets in Indonesia as the government-linked entities seek to improve their financial position, according to sources.