JAKARTA:Daya Anagata Nusantara (Danantara) has declared its readiness to intervene in addressing the financial strain facing Indonesia’s Jakarta–Bandung high-speed rail…
Category: Asia
JPMorgan to Pay US$330m to Malaysia to Settle 1MDB Claims
New York/Kuala Lumpur – JPMorgan Chase & Co has agreed to pay US$330 million (RM1.4 billion) to Malaysia to settle…
Singapore Slaps Major Banks with £15.9 Million in Fines over Record Money Laundering Scandal
SINGAPORE – Singapore’s central bank has fined nine prominent financial institutions, including global giants Citibank and UBS, over lapses linked…
Indonesia Launches £4.6 Billion EV Battery Megaproject Despite Environmental Concerns
JAKARTA – Indonesia has officially broken ground on a £4.6 billion (US$5.9 billion) electric vehicle (EV) battery production megaproject backed…
MACC Freezes £132 Million in Assets Linked to Daim Zainuddin’s Widow and Family
The Malaysian Anti-Corruption Commission (MACC) has secured a court order to freeze assets in the United Kingdom worth an estimated…
KNM Group Collapse and Tunku Yaacob Khyra: Debt, Scandal, and Malaysia’s Shame on the Global Stage
Once hailed as a symbol of Malaysia’s global industrial ambition, KNM Group Berhad, a process engineering firm, is now facing…
UK Serious Fraud Office Probes Malaysian Tycoon’s Firm for Alleged Money Laundering?
London, 26 May 2025 — The United Kingdom’s Serious Fraud Office (SFO) is believed to have launched an investigation into…
TotalEnergies Halts Further Investment in Adani Amid U.S. Corruption Charges
PARIS — TotalEnergies has suspended all new financial contributions to its ventures with India’s Adani Group after U.S. prosecutors indicted…
Malaysia downplays Huawei deal as US aims to curb China AI power
Malaysia has clarified that it is not involved in a local artificial intelligence (AI) initiative linked to China’s Huawei Technologies,…
Singapore Traders Caught Up in Indonesia’s £9.48 bilion Pertamina Corruption Probe
Singapore — A number of Singapore-based trading firms have been drawn into Indonesia’s widening investigation into a £9.48 bilion (US$12…