KUALA LUMPUR Malaysia on Thursday accused Rosmah Mansor, the wife of former Prime Minister Najib Razak, on charges of soliciting and receiving bribes involving a sum of 189 million ringgit ($45.12 million) to help a company secure a government project.
KUALA LUMPUR Former Malaysian premier Najib Razak was charged with six counts of criminal breach of trust involving government funds worth more than $1.5 billion on Thursday, adding to the 32 charges he already faces for money laundering and graft.
KUALA LUMPUR Malaysia could see a flurry of merger and acquisition (M&A) activity in the coming months as the government looks to pare down direct ownership in companies to raise funds, the chief executive of CIMB Investment Bank said.
KUALA LUMPUR/SINGAPORE, Sept 26 Keppel
Corporation Ltd (KCL) and Singapore Press Holdings Ltd
(SPH) are looking to buy out Axiata Group Bhd's
stake in Singapore's smallest mobile network operator
M1 Ltd, sources familiar with the situation said on
(Removes reference to acquisitions value in headline and lede)
* Deals could make up for growth lost from scrapped
KUALA LUMPUR Malaysian prosecutors charged former Prime Minister Najib Razak with 21 counts of money laundering and four counts of abuse of power on Thursday over hundreds of millions of dollars received in his personal bank account.
KUALA LUMPUR/SINGAPORE A unit of Malaysian telecoms firm Axiata Group has called off a $940 million deal to buy 13,000 telecoms towers in Pakistan after regulators there failed to provide all approvals for the transaction announced a year ago.
* Says deal conditions not met, particularly regulatory
KUALA LUMPUR/SINGAPORE A unit of Malaysian telecoms firm Axiata Group has called off a $940 million (£715 million) deal to buy 13,000 telecoms towers in Pakistan after regulators there failed to provide all approvals for the transaction announced a year ago.