KUALA LUMPUR, June 24 Then prime minister Datuk Seri Najib Razak was concerned the auditor-general’s completed audit report on 1Malaysia Development Berhad (1MDB) would be.
KUALA LUMPUR: The High Court was told that the first version of an audit report on 1Malaysia Development Bhd (1MDB) dubbed "Watermark 09" would have been submitted to the Public Accounts Committee (PAC) if it was not for a meeting held on Feb 24, 2016.
In focus this week is the response of Asian central bankers to the 75-basis-point increase in the benchmark federal funds rate by the US Federal Reserve, as well as developments in the US-Taiwan annual security talks, referred to as the Monterey Talks. With the US Federal Open Market Committee (FOMC) having raised the key rate to a target of between 1.5% and 1.75%, in its largest hike for a single meeting dating back to 1994, all eyes will be on how Asian central banks react as China, Indonesia and the Philippines will be releasing their respective monetary policy decisions.