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Funds for Chinese vernacular schools

WE refer to the article “Wee: Allocation given out” (The Star, Nov 23). It has been pointed out that the funds allocated by Prime Minister Datuk Seri Najib Tun Razak for Chinese vernacular schools was actually RM50mil and not as reported.

Exclusive - A New York hotel deal shows how some public pension funds help to enrich Trump

WASHINGTON (Reuters) - Public pension funds in at least seven U.S. states have invested millions of dollars in an investment fund that owns a New York hotel and pays one of President Donald Trump's companies to run it, according to a Reuters review of public records. That arrangement could put Trump at risk of violating an obscure constitutional clause, some legal experts say.

Hedge funds see more demand fuelled by solid first half returns

BOSTON/LONDON (Reuters) - Hedge funds will likely attract billions of dollars in new money in the next six months after posting solid returns in the first half even as Wall Street's sell-off, sparked by Greece's debt drama, took a bite out of some managers' June returns.

Money Umno received from 1MDB all used up, forfeited party funds are clean, claims Tok Mat

PETALING JAYA: The money Umno received from 1MDB has all been used up, and the funds currently forfeited by the Malaysian Anti-Commission Corruption should be returned as it is "clean party funds", claims Datuk Seri Mohamad Hasan.

Wan Saiful: Deduct salary of Bersatu members with govt post for party funds

KUALA LUMPUR (Bernama): The top leadership of Parti Pribumi Bersatu Malaysia (Bersatu) has been urged to consider a mechanism of salary cuts for its members holding government or agency posts to resolve the problem of lack of funds that is plaguing the party.

Macron gathers world's top sovereign funds to send climate signal

PARIS (Reuters) - Sovereign wealth funds managing more than $2 trillion (1.51 trillion pounds) are to lay out a strategy on Friday in Paris to pressure companies to be more climate-friendly, French officials said.

NGOs to Switzerland: Return 1MDB funds to Malaysia

PETALING JAYA: Three NGOs are calling on Switzerland to return unclaimed funds linked to 1Malaysia Development Bhd (1MDB) to the Malaysian people.

UN to allow release of $1.5 bln frozen Libya funds

UNITED NATIONS (Reuters) - The United States and South Africa struck a deal on Thursday to allow the release of $1.5 billion in frozen Libya funds for humanitarian aid and other civilian needs, U.N. diplomats said on Thursday.

Group calls on Govt to release funds to aid preschools

SEREMBAN: An umbrella body for five non-governmental organisations is appealing to the Government to release approved funds to allow some 6,500 preschoolers from poor families to continue with their education.

Najib: I did not authorise public funds to buy diamonds, yacht, I have 'sterling record'

KUALA LUMPUR: Former premier Datuk Seri Najib Tun Razak has reiterated that he had no role in the alleged embezzlement of 1Malaysia Development Berhad (1MDB) funds.