Articles

  • 2 weeks ago | bloomberg.com | Niki Koswanage |Jin Wu

    Allegations against former Malaysian prime minister are in 2024 court document. Prosecutors haven’t recommended that Najib stands trial. French financial prosecutors alleged in an investigative document last year that former Malaysian Prime Minister Najib Razak met defense-company executives to prepare contracts before the 2002 signing of a $1.2 billion submarine deal. Those contracts, they say in the document seen by Bloomberg News, were designed to remunerate himself and others.

  • Feb 11, 2025 | bloomberg.com | Kok Leong Chan |Niki Koswanage

    Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world For Customers Bloomberg Anywhere Remote Login Software Updates Manage Products and Account Information Support Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Company About Careers Diversity and Inclusion Tech At Bloomberg Philanthropy Sustainability Bloomberg London...

  • Dec 5, 2024 | bloomberg.com | Niki Koswanage

    A Temasek Holdings Pte firm is cutting its investment in a Malaysian phone company that recently won a major 5G contract, selling part of its stake to an entity controlled by tycoon Vincent Tan and the Malaysian king’s daughter. Straits Mobile Investments Pte, a unit of a firm owned by the Singapore state investor Temasek, will reduce its shareholding in U Mobile Sdn. to 20% in the deal agreed Dec. 4, according to a statement to the Singapore Exchange.

  • Dec 5, 2024 | flipboard.com | Niki Koswanage

    The stock market may be facing more than just a ‘lost decade’“This time is different” are often called the four most dangerous words in investing. Less well appreciated, however, is the maxim’s implication for …

  • Nov 21, 2024 | bloomberg.com | Niki Koswanage

    Singapore’s economic expansion fared better than initially expected in the third quarter, prompting the city-state to upgrade its growth forecast for this year as recovery gained momentum. Gross domestic product in the three months through September rose 3.2% from the previous quarter, the Ministry of Trade and Industry said in its final estimate on Friday. That compares with a preliminary reading of a 2.1% increase and economists’ forecast of a 2.7% gain.

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