Malaysian regulator issues show-cause letter to Goldman on 1MDB probe

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If the commission finds a financial institution violated regulations, its powers include issuing fines or revoking operating licenses.

PM Mahathir explores options to shut down or sell Malaysia Airlines

Khazanah is demanding the carrier come up with a strategic plan to compete in the industry, after pouring in $1.5 billion into the airline to make it profitable.


Malaysia’s EquitiesTracker makes tepid LEAP debut

Its share sale raised gross proceeds of RM 7.14 million ($1.75 million). 


Captii Ventures leads seed round into Malaysian online payments startup Curlec

Curlec plans to use the proceeds to further grow its Malaysian operations and expand its presence in the SME market.


Malaysia’s Khazanah unveils refreshed mandate after a weak 2018

The new mandate will see the sovereign wealth fund classify its assets into separate commercial and strategic funds.


Khazanah said to mull sale of $245m Legoland resort

The sovereign wealth fund is said to be considering the potential divestment as part of its review of non-core assets.


AirAsia launches $60m global venture fund, partners 500 Startups

Called RedBeat Capital, the fund will target post-seed stage startups seeking to enter or expand their presence in Southeast Asia.


Navis Capital set to hit first close of eighth fund next month

Navis VIII is seeking to raise about $1.75 billion.


US seeks to recover $38m in assets from 1MDB case

The complaints filed on Friday in California involve luxury real estate in London and New York, as well as converted equity in a Kentucky facilities management company, and are tied to 2012 and 2013 bond offerings from the sovereign wealth fund.


Vynn Capital snags capital from MAVCAP, to close maiden fund by year-end

Founded early last year, Vynn Capital is currently raising a $40 million debut fund to invest across Southeast Asia.