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EDGE WEEKLY: Recovery in sight but challenges remain


EDGE WEEKLY: Recovery in sight but challenges remain
In The Edge Malaysia this week As Covid-19 infections climbed, the government implemented the Movement Control Order on March 18 last year. The various forms of restrictions since then have taken a toll on the economy. Even as the national vaccination programme is rolled out, the country faces an uphill climb. ....

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EDGE WEEKLY: What's next after RM2.8 bil settlement?

EDGE WEEKLY: What's next after RM2.8 bil settlement?
theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.

Datuk Sulaiman Mohd Tahir , The Edge Malaysia , Sulaiman Mohd Tahir , தி விளிம்பு மலேசியா , சுலைமான் மொஹட் தாஹிர் ,

AmBank's RM2.83 bil settlement related to role in 1MDB's 2009 RM5 bil bond issue


LAST Friday, the Ministry of Finance (MoF) announced that AMMB Holdings Bhd has agreed to pay RM2.83 billion to the Malaysian government as a global settlement on all outstanding claims and actions in relation to the AmBank Group’s involvement in the 1Malaysia Development Bhd (1MDB) scandal.
According to sources, the settlement is related to the banking group’s handling of the RM5.0 billion bond issue by 1MDB in May 2009.
The 30-year government-guaranteed bonds, which pay an interest rate of 5.75%, were 1MDB’s first debt and almost all were stolen by Low Taek Jho (better known as Jho Low) and collaborators, including via a purported joint venture with PetroSaudi International Ltd and a quick flip of the bonds. (See The Edge Malaysia, Issue 1271, June 17 to 23, 2019: “Two Malaysians, besides Jho Low, benefited from 1MDB bond flip”.) ....

Najib Razak , Abdul Aziz Mohd Akhir , Kim Loong , Taek Jho , Datuk Shahrol Halmi , Ambankm Bhd , Zafrul Abdul Aziz , Petrosaudi International Ltd , Good Star Ltd , Royal Malaysian Police , National Centre For Governance , Bank Negara , Financial Crime Centre , Malaysia Development Bhd , Aktis Capital Singapore Pte Ltd , Aminvestment Bank Bhd , Securities Commission Malaysia , Bank Negara Malaysia , Petrosaudi International , Holdings Bhd , Ambank Group , Corruption Commission , National Anti , Public Accounts Committee , Ministry Of Finance Mo , Acme Time Pte Ltd ,

EDGE WEEKLY: The EV race — Can Malaysia keep up?

EDGE WEEKLY: The EV race — Can Malaysia keep up?
theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.

The Edge Malaysia , தி விளிம்பு மலேசியா ,

EDGE WEEKLY: "I want people to talk about stocks"

EDGE WEEKLY: "I want people to talk about stocks"
theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.

Datuk Muhamad Umar , Bursabets Reddit , The Edge Malaysia , Muhamad Umar Swift , தி விளிம்பு மலேசியா ,