Malaysia

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Malaysia Acts to Save its Markets from Crisis

Malaysian Prime Minister Najib Razak’s announcement that a revived government equity investment firm intends to pour RM20 billion (US$4.6 billion) into shoring up the country’s stock market may face serious hea...
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Goldman’s Role in the 1MDB Controversy

Goldman Sachs must be foremost among foreigners praying that the 1MDB scandal doesn’t topple the Najib government. The full scale inquiry by agencies ranging from Bank Negara to the Anti-Corruption Commission ...
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Malaysian Currency in Free Fall

The Malaysian ringgit, under pressure from international currency traders betting against a stalling economy and a major political crisis, has hit the psychologically important barrier of RM4:U$1 as Bank Negara...
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Malaysians Seek Currency Havens as Crisis Grows

Consumers in Malaysia are turning to money changers to trade the domestic currency for US and Singapore dollars, triggering a foreign currency shortage as a steeply falling ringgit cuts into their buying power....
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Malaysia’s Controversial State Fund to be Dissolved?

A Reuters news service report that 1Malaysia Development Bhd., the ill-starred and debt-ridden state investment fund, may be restructured and possibly dissolved, has to be considered a devastating political b...
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Emails Blow Malaysia’s 1MDB Fund Wide Open

In December of last year, the controversial investment fund 1Malaysia Development Bhd abruptly called in all of its computers, employee laptops and servers and wiped them clean of all emails. (Read: Controvers...
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Indonesia Ties-Up with Malaysia’s Proton Car

Indonesian President Joko “Jokowi” Widodo’s decision to appoint the Malaysian carmaker Proton as a possible vehicle for an Indonesian national car ties the country to an industrial concern that has handicapped ...
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Malaysia Investment Fund Misses Payment Again

1MDB, the troubled state owned investment company that threatens to become a millstone around the neck of Prime Minister Najib Tun Razak, has once again failed to meet a debt repayment to a consortium of Malays...
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Oil Prices not Delivering Asia Boom

The best efforts of central bankers in the West and Japan to re-ignite inflation have thus far failed. The rest of Asia, which once seemed partly immune to the problems of aging and indebted societies, is now l...