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1 month 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.
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Feb 11, 2025 | 
bloomberg.com | Kok Leong Chan |Niki Koswanage
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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.
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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 …
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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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Nov 20, 2024 | 
bloomberg.com | Faris Mokhtar |Andrea Tan |Niki Koswanage |Anders Melin
Dyson Ltd. is dialing back its hairdryer-related operations in Malaysia, according to people familiar with the matter who declined to be identified discussing matters that are private, as the consumer goods company seeks to streamline its business in the region. Impacted employees will be redeployed to other parts of the facility, which is located in the southern state of Johor just across the border from Singapore, the people said.
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Nov 15, 2024 | 
bloomberg.com | Danny Lee |Ishika Mookerjee |Niki Koswanage
Welcome to the Singapore Edition newsletter. Each week we’ll bring you insights into one of Asia’s most dynamic economies. If you haven’t yet, please sign up here. This week, as the US election continues to rattle markets, Danny Lee and Ishika Mookerjee look at how the fallout from the vote and moves by Singapore Airlines could end up impacting your travel plans, while Katie Turner finds a great steak.
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Nov 1, 2024 | 
bloomberg.com | Niki Koswanage
Singapore’s government ramped up criticism of Lee Hsien Yang, who was recently granted asylum in the UK, accusing him of seeking to tarnish the city-state with an “international smear campaign.”The younger brother of former Prime Minister Lee Hsien Loong had told the Associated Press in an interview there had been a rise of serious financial crimes, corruption and repression in Singapore, claims refuted by the the government.
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Oct 14, 2024 | 
bloomberg.com | Niki Koswanage
The Singapore government is seeking to stop a proposed deal by Allianz SE to buy a majority stake in Income Insurance Ltd. under its current form. “The Government has assessed the proposed transaction and has decided that it would not be in the public interest for the transaction, in its current form, to proceed,” Minister of Culture, Community and Youth Edwin Tong told parliament on Monday.
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Oct 13, 2024 | 
bloomberg.com | Niki Koswanage
Singapore’s opposition leader is set to start his trial on Monday for allegedly lying, potentially drawing more scrutiny on his party before a general election that must be held by next year. Pritam Singh, who heads the Workers’ Party, faces two charges of lying under oath to a parliamentary committee. He was testifying in an investigation into a former lawmaker from his party who had lied in a parliament about a sexual assault case. He has pleaded not guilty.
