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Liberia probes disappearance of US$100mil in new bank notes

MONROVIA: Liberia banned 15 officials including a former central bank governor from leaving the country as it searches for about $100 million in cash, or the equivalent of almost one-fifth of its budget, that was printed abroad and disappeared after arriving at the port.

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

Bursa gets lift from regional sentiment, banks

KUALA LUMPUR: Asian stocks had another good session on Wednesday as investors pinned their hopes that Chinese stimulus measures would help to cushion the impact of the tariffs conflict.

Moody's maintains stable outlook for Malaysian banks

KUALA LUMPUR: Moody's Investors Service has maintained its stable outlook for Malaysia's banking system this year in view of the continuous robust operating conditions in the country.