Malaysian authorities have charged former leader Najib Razak with corruption and criminal breach of trust in connection with a multibillion-dollar scandal surrounding state fund 1MDB.Najib faces three counts of criminal breach of trust, which carry a punishment of up to 20 years in jail and whipping, along with a possible fine.

Riding the euphoria of the #MalaysiaBaru movement, it is easy to lose sight of the undercurrents driving Malaysia’s youth which led to the National Front’s (Barisan Nasional) now-historic defeat after more than 60 years of political hegemony.However, amid the wave of optimism and energy gripping the nation following its 14th general election (GE14), it is crucial that the leaders of the new Alliance of Hope (Pakatan Harapan) administration, including its Cabinet and the Council of Eminent Per

Malaysian Prime Minister Mahathir Mohamad said the ringgit’s fair value now is the same as the peg his previous government established in 1998 during the Asian financial crisis.Asked in an interview Friday what he saw as fair value for the currency, Mahathir said “3.8.” That’s more than five percent stronger than its current level against the United States (US) dollar, and a rate it hasn’t traded at since mid-2015, when turmoil in Chinese financial markets hit developing-nation assets.

On 18 June 2018, the founder of e-commerce conglomerate Alibaba, Jack Ma launched the company’s office in Kuala Lumpur. The office is Alibaba’s first in Southeast Asia and will be the first Electronic World Trade Platform (eWTP) hub outside of China. The eWTP is a concept coined by Jack Ma which involves the creation of digital free-trade zones where small and medium-sized enterprises (SMEs) can easily plug into global trade via e-commerce.

Malaysian authorities conducting a probe into troubled state investment fund 1Malaysia Development Bhd (1MDB) have issued an arrest warrant for financier Low Taek Jho and are preparing warrants for two others, including a former Goldman Sachs Group Inc. banker, people with knowledge of the matter said.The Malaysian Anti-Corruption Commission (MACC) has also issued an arrest warrant for Nik Faisal Ariff Kamil, a former official at a 1Malaysia Development Bhd unit.

Malaysia is blessed with rainforests that play host to some of the most diverse tropical ecosystems in the world. Estimated to be approximately 130 million years and older than the Amazon, Malaysia’s Taman Negara takes top spot as the world’s oldest rainforest. The country’s rainforests are an abode to a plethora of flora and fauna, a home for numerous unique mammals and species of birds.

Malaysia’s 92-year-old Prime Minister Mahathir Mohamad is moving quickly to meet his 100-day campaign pledges that helped sweep him into office.To help him do that, he appointed a team of five advisers who are well-known in official and business circles in Malaysia, with most of them having worked with the prime minister during his more than two decades in office previously.This “council of eminent persons” has become the face of Mahathir’s economic program, meeting with investors and credit

Anwar Ibrahim has a simple message for ethnic Malays who fear losing benefits they enjoyed under the previous government’s six-decade rule: don’t worry.Anwar, who is expected to replace 92-year-old Prime Minister Mahathir Mohamad in a year or two, said Malaysia must assure the nation’s largest racial group that its security would be upheld.

Malaysian Prime Minister Mahathir Mohamad’s government is considering investigating former leader Najib Razak for alleged abuse of power, as it intensifies efforts to seek evidence of alleged wrongdoing at scandal-plagued state fund 1MDB just days after taking office.The Malaysian Anti-Corruption Commission laid out in recent days a comprehensive list detailing the potential scope of investigations into 1MDB, according to people who have seen the document.

Financial centres across the globe are often named after the specific location they are constructed on. This can be seen with the Marina Bay Financial Centre in Singapore, the Hong Kong International Finance Centre, and Wall Street in New York City, amongst others. In Malaysia, however, this is not the case.