Malaysia is making "some arrangement" with Indonesia to take ownership of a luxury yacht linked to a multi-billion-dollar financial scandal, a government spokesman said Sunday.The Cayman Islands-registered Equanimity, believed to be worth some US$250 million, was seized in February off the Indonesian tourist island of Bali.
Four days after Malaysia said it will reopen a graft probe into state fund 1MDB, Swiss prosecutors said they wanted to start talks with investigators in the Southeast Asian nation as soon as possible to better coordinate various criminal probes into the sprawling case.The Office of the Attorney General of Switzerland “is very much interested in renewing dialogue with the competent authorities in Malaysia” and “favours an exchange between partnering authorities at their earliest convenience,”
Mahathir, traders' one-time foe, gets a cautious market welcomeFor a leader who once suggested outlawing currency trading, newly (re)installed prime minister Dr Mahathir Mohamad got a decent welcome from financial markets on Monday.In retrospect, closing the onshore markets for two days after Wednesday’s election looks like a wise move.
On 9 May 2018, Malaysians from all walks of life will go to the polls in what has been dubbed “the mother of all elections.” The elections on Wednesday, the country's 14th since gaining independence in 1957, will decide whether the National Front (Barisan Nasional) will continue ruling Malaysia as it has for the past 61 years. If it wins, Barisan Nasional will continue to be the longest ruling political party in the world.This election is unlike any other in Malaysia’s history.
Over the past week, the Philippines and Myanmar had been thrown into the limelight due to on-going conflicts that ripple through the nations. In the Philippines, President Rodrigo Duterte's drug war had once again captured media attention. On September 20, The ASEAN Post discussed the controversies that are surrounding Duterte's highly disputed drug war which has murdered over 7,000 people in the country so far.
Jailed Malaysian opposition leader, Anwar Ibrahim is still hospitalised but is currently in a stable condition, according to a press statement released by his party.The 70-year-old was rushed to the Kuala Lumpur Hospital, located in the nation’s capital on Tuesday when his blood pressure became erratic due to a shoulder injury sustained earlier.When contacted by The ASEAN Post, the spokesperson for Anwar’s party, Fahmi Fadzil said that the former Malaysian lawmaker would tentatively be discha
Malaysia's former leader Mahathir Mohamad said Monday an inquiry into losses by the central bank in the 1990s was a "vindictive" attempt to target him and deflect attention from a scandal embroiling the current government.Mahathir, who is seeking to oust scandal-plagued Prime Minister Najib Razak, was giving evidence at the inquiry into alleged multi-billion-dollar losses incurred by Bank Negara Malaysia through foreign exchange trading during his time in power.The government-a
