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In April 2008, a British couple living in the United Kingdom obtained a loan facility of RM715,487 to finance the purchase of their property in Malaysia. It was a term of the loan facility that the bank would make progressive payments to the developer against certificates of completion issued by the architect at each progress billing.
WHEN Tun Dr Mahathir Mohamad led the opposition to a stunning election victory, he had an effective rallying cry that reflected why Umno’s form of governance was problematic: “Cash is king!” If Dr Mahathir is not careful, worrying recent trends indicate a similarly disconcerting problem about Pakatan Harapan’s government: “Patronage is king!”
A federal judge in Minnesota ruled this week that Dairy Queen, owned by Warren Buffett's Berkshire Hathaway Inc, may pursue its lawsuit to stop W.B. Mason Co from selling "Blizzard" bottled spring water, the name it uses for a popular ice cream product.
NEW YORK/KUALA LUMPUR: Malaysia on Monday filed criminal charges against Goldman Sachs Group Inc related to its dealings with the sovereign wealth fund 1MDB, and Goldman Sachs fired back that the previous Malaysian government had lied to the investment bank.
VANCOUVER: Vancouver plays a special role for Meng Wanzhou, as it does for many a wealthy Chinese – a place to park some assets, educate your children, and just let your hair down from time to time.
LUXEMBOURG/LONDON: The European Union's top court ruled on Monday that the United Kingdom can unilaterally revoke its divorce notice, raising the hopes of pro-Europeans ahead of a crucial vote in the British parliament on Prime Minister Theresa May's divorce deal.
RIO DE JANEIRO/SAO PAULO: Leading global oil traders Vitol [VITOLV.UL], Trafigura [TRAFGF.UL] and Glencore paid more than US$30 million in bribes to employees at state-owned Brazilian company Petrobras in a scheme that may still be going on, prosecutors said on Wednesday.