Praveen Menon

Malaysia’s 1MDB says $350m paid to Abu Dhabi for debt deal

An IPIC spokesman confirmed the payment had been received.

Abu Dhabi gives Malaysia’s 1MDB until Aug 31 to make $603m payment

Abu Dhabi has given 1Malaysia Development Berhad (1MDB) until August 31 to make a $603 million debt settlement payment that was due on Tuesday, an Abu Dhabi based source with knowledge of the matter said. Under an agreement struck in April with the Abu Dhabi state fund International Petroleum Investment… Read more »

Malaysia’s RHB, AmBank to begin merger talks

ANZ Banking Group owns a 24 per cent stake in Ambank

Malaysia woos China’s Wanda to rescue Bandar Malaysia project

Barely a week after it dumped its original partners

Property deal of former 1MDB unit with China-Malaysia group lapses

A deal by a former unit of troubled state fund 1Malaysia Development Berhad (1MDB) to sell its stake in a property development project to a consortium including China’s state-owned China Railway Engineering Corporation (CREC) has lapsed. TRX City Sdn Berhad, a former 1MDB unit which was transferred to Malaysia’s finance… Read more »

US set to seize assets tied to scandal-hit Malaysian fund 1MDB

The asset seizures would be the US government’s first action tied to the 1MDB investigation. But it was unknown what assets will be seized.

Malaysia’s Maybank reshuffles senior management, appoints new group CFO

Maybank said current group CFO Mohamad Rafique Merican will take over as group head for Islamic banking and chief executive of Maybank Islamic, the Islamic banking unit.

Malaysia says $1.5b sukuk bond issue oversubscribed

The deal attracted orders of over $6.3 billion from a combined investor base of over 195 accounts, the statement said. Asian accounts took two-thirds of the 10-year tranche and over half of the 30-year tranche.

Top banks in US government cross-hairs over dealings with 1MDB

U.S. Department of Justice officials have asked Deutsche Bank AG and JPMorgan Chase & Co to provide details on their dealings with 1MDB, as global investigations into the troubled Malaysian state fund widen.

Malaysia’s Axiata issues $500m sukuk for Ncell acquisition

Proceeds from the sukuk would be used for the proposed acquisition of Nepalese phone carrier Ncell Pvt. Ltd