Ex-Goldman Exec To Return To Face Charges Over 1MDB
Roger Ng, a former Goldman Sachs bank executive who is currently in jail in Malaysia, has agreed to voluntarily return to the United States to face abetment charges in a scheme to loot state investment firm 1MDB.
Mercuria, Petrochina Selling Fuel Oil Stored Offshore Singapore, Malaysia
Mercuria and Chinese state oil giant PetroChina are selling fuel oil stored in vessels off Singapore and southern Malaysia, several trade sources say.
Petronas And Saudi Aramco Explore Petrochemicals Expansion In Malaysia
Malaysian state-owned oil company Petronas and its partner Saudi Aramco are studying projects to build more petrochemical plants to make full use of raw materials from their joint venture in Malaysia.
Malaysia Pension Fund KWAP Sells Sydney Office Tower For $246M
Malaysia’s second largest pension fund, Kumpulan Wang Persaraan (KWAP), has sold a grade A office tower, located in Sydney’s 20 Bridge Street, for about $246.4 million to a Hong Kong-based wealthy individual.
Malaysian Companies Shows Investment Interest In Indonesia
Government says a dozen Malaysian companies expresses interest in investing around 55 trillion rupiah, mainly in Indonesian infrastructure and plantations.
Healthcare Sector Attracts More Investments
In January 2014, Shangrila from Malaysia built the 320-bed Thanh Do International Hospital in Binh Tan district, HCMC, which was renamed City International Hospital (CIH).<br />
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Zakirul Karim, a medical quality consultant at Hanh Phuc Hospital in Binh Duong province, said that Vietnam is a magnet for investors, noting that the total spending of all Vietnamese on healthcare services accounts for 5.8 percent of GDP, the highest level in ASEAN.
Malaysia To Pay $1.2B To Abu Dhabi Fund Over 1MDB Scandal
<p data-para-count="228" data-total-count="228">In 2012, with help from Goldman Sachs, a Malaysian sovereign wealth fund called 1Malaysia Development Berhad sold $3.5 billion worth of bonds backed by an Abu Dhabi government fund to help it purchase power plants.</p>
<p data-para-count="198" data-total-count="426">But behind the scenes, American officials have claimed, nearly $1.45 billion was illegally redirected to Swiss bank accounts and ultimately into the hands of some of the people involved in the deal.</p>
Demand For Malaysian Palm Oil Set To Rebound
Although China’s soyabean oil and rapeseed oil consumption has dragged down palm oil imports from Malaysia for the past few months, it will not last long as demand for the edible oil is set to rebound. Malaysian Palm Oil Council’s (MPOC) chief executive officer, Dr Kalyana Sundram, said he is upbeat of a […]
Petronas May Consider Shell Site For Canadian LNG Project
Malaysia’s Petroliam Nasional Bhd may be looking at building a $27 billion liquefied natural gas export terminal in northwestern Canada on the site of an abandoned Royal Dutch Shell Plc energy project, according to the company’s chief executive officer.
Malaysia Keen To Invest In Tourism, Infrastructure In Rajasthan
Prime Minister Najib Razak, who arrived in the pink city as part of his six-day visit to the country, held talks with Chief Minister Vasundhara Raje and senior officials to discuss investment opportunities for Malaysian companies.