Niluksi Koswanage

Asia–Pacific (APAC)

Breaking News Editor at Bloomberg News

Breaking News editor @business. Lover of cat memes. Mother to Choco, Chip, Cesar and Jacques Wistara ¶ Views expressed my own ¶ RT ≠ endorsement ¶

Featured in: Favicon

bloomberg.com Favicon

msn.com

reuters.com Favicon

washingtonpost.com Favicon

time.com

yahoo.com (+11) Favicon

sfgate.com Favicon

smh.com.au Favicon

chicagotribune.com Favicon

fortune.com + 101 more

Articles

Malaysia’s Billionaire King to Return Home After Treatment

2 months ago | yahoo.com | Niluksi Koswanage

Niluksi KoswanageThu, February 20, 2025 at 2:35 AM UTC1 min read(Bloomberg) -- Malaysia’s king, Sultan Ibrahim Iskandar, is set to return from abroad Friday after being treated for musculoskeletal pain, according to his official Facebook page and the national palace.
Malaysia Must Pay Damages for Mongolian’s Death, If Appeal Fails

2 months ago | yahoo.com | Kok Leong Chan |Niluksi Koswanage

(Bloomberg) -- A Malaysian court ordered the country’s government to pay damages to a murdered Mongolian woman’s family promptly, as long as the state’s appeal to have the decision overturned doesn’t succeed. Most Read from BloombergJudge Sumathi Murugiah on Wednesday ordered the government to deposit 4.7 million ringgit ($1.1 million) within 30 days into the bank account of the lawyer representing Altantuya Shaariibuu’s family, which will be released if the government’s May 19 appeal fails.
ST Telemedia: Financial Instruments Part of U Mobile Stake Sale

Dec 10, 2024 | news.bloomberglaw.com | Niluksi Koswanage

ST Telemedia has provided funding to U Mobile Sdn. from time to time in the form of certain financial instruments and those instruments will form part of its sale of a stake in the Malaysian phone company, it says in a statement.
Temasek Firm to Sell Shares in Malaysia 5G Winner to Tycoon Tan

Dec 5, 2024 | news.bloomberglaw.com | Niluksi 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.
Temasek Firm to Sell Shares in Malaysia 5G Winner to Tycoon Tan

Dec 5, 2024 | bnnbloomberg.ca | Niluksi Koswanage

(Bloomberg) -- 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.
Singapore raises 2024 growth forecast as recovery takes hold in good manner this year

Nov 21, 2024 | thestar.com.my | Niluksi Koswanage |Cynthia Li

SINGAPORE (Bloomberg): Singapore raised its growth forecast for this year as the economy is recovering faster than anticipated, though it cautioned on risks for 2025 given an expected barrage of tariffs from a new Trump administration. The government upgraded its estimated 2024 expansion to around 3.5% from a previous range of 2%-3% suggesting Singapore’s recovery is well entrenched.
Singapore’s Robust Growth Prompts 2024 Forecast Upgrade

Nov 21, 2024 | finance.yahoo.com | Niluksi Koswanage

(Bloomberg) -- 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.
Dyson Dials Back Malaysia Hairdryer Operations, Redeploys Staff

Nov 20, 2024 | bnnbloomberg.ca | Faris Mokhtar |Andrea Tan |Niluksi Koswanage |Anders Melin

(Bloomberg) -- 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.
Singapore Slams ‘Smear Campaign’ From Ex-PM Lee’s Brother

Oct 31, 2024 | bnnbloomberg.ca | Niluksi Koswanage

(Bloomberg) -- 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.
Singapore Starts Trial of Opposition Leader in Lying Scandal (1)

Oct 13, 2024 | news.bloomberglaw.com | Philip Heijmans |Niluksi Koswanage

Singapore’s opposition leader started 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 Raeesah Khan from his party who had lied in a parliament about a sexual assault case. He has pleaded not guilty.