Financial Services

Malaysia launches inquiry over forex losses under Mahathir

Aug 8, 2017

Malaysia's government has launched an inquiry into massive foreign exchange losses by the central bank more than two decades ago, in a probe that could lead to criminal prosecution for former Prime Minister Mahathir Mohamad

Malaysia central bank urged to reopen probe on indebted fund

Aug 3, 2017

Malaysian opposition lawmakers urge the central bank to reopen its investigation into indebted state investment fund 1MDB that is being probed in several countries for money laundering and implicating Prime Minister Najib Razak

Grab builds out war chest in a fight for car-share dominance

Jul 24, 2017

Grab gets another $2 billion in financing, revealing the intense competition among car-share services in Asia that have forced companies like Uber to take a back seat to rivals with extremely deep-pockets.

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