This is getting a bit bizarre. Fashion apparel firm Voir Holdings Bhd has proposed to take up a 13.2 per cent stake in Penang tunnel developer Consortium Zenith for RM9.9m in cash as part of its "diversification" plan. Consortium Zenith...
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...