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1MDB liaison to Goldman among targets of Swiss criminal probe

GENEVA: A former top executive with the Malaysian investment fund 1MDB and a senior lawyer at the fund who worked with Goldman Sachs Group Inc. are among six people targeted in a Swiss criminal probe into the multibillion-dollar scandal, according to people familiar with the matter.

Validation time for AmBank

CEO: Strategy to focus more on retail, smaller businesses has enabled us to start growing again

Transformation: Ambank has intensified its efforts on curbing cost, which is a huge part of its transformation phase.

Khazanah, PNB, Petronas likely to be under PM's Office

PETALING JAYA: Khazanah Nasional Bhd and Petroliam Nasional Bhd (Petronas) will come under the purview of the Prime Minister’s Office (PMO) under the new government structure, and not under the newly formed Economic Affairs Ministry (MEA). Sources said Permodalan Nasional Bhd (PNB) will also come under the PMO, while there is deliberation to dissolve the Minister of Finance Inc (MoF Inc).

Khalid said to have resigned as Prasarana chairman

Sources said that Khalid, 61, tendered his resignation on Monday. The former inspector-general of police was made chairman in September last year following his retirement from the police force.

Former IGP Tan Sri Khalid Abu Bakar was made chairman of Prasarana in September last year following his retirement from the police force.

Finance Minister sees GDP growth easing to about 5%

KUALA LUMPUR: Finance Minister Lim Guan Eng pared back expectations for economic growth for this year to about 5% as the export-reliant nation braces for knock-on effects of a brewing trade war.

Malaysia's economy to grow at slower pace of about 5%, says Finance Minister Lim Guan Eng