At noon, 1MDB's "five business day cure period" was scheduled to expire. What do you call it when a "sovereign wealth fund" (or should it be "sovereign borrowing fund") is unable to pay a debt? A technical default? Or...
Social media is absolutely buzzing in Malaysia this morning following the latest US Justice Department's revelations into the 1MDB probe. It is all simply staggering and mind-boggling. What can you say? What the DOJ puts forward indicates misappropriation on an industrial...
Someone pointed out to me this ad which appeared in a Chinese-language newspaper a couple of days ago. Translated, it reads: Expression of Interest (EOI) to sell A plot of seashore land located off the coast of Penang Island 26.5 acres...
I was midway writing a follow-up to my earlier piece ‘Black hole of 1MDB’, when news broke that the Bandar Malaysia deal had fallen through. In that earlier piece, I had estimated that very conservatively 1MDB stood to gain...
Parker who? That was a common reaction on 5 January 2017, when 1MDB revealed its latest auditor – a little known firm – after three Big Four auditors had fallen by the wayside for one reason or another. Parker Randall...