Banking & Finance

Banking & Finance

Banking and Finance is a section of Industries on investvine.com
More charges against Malaysia’s former first lady

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Malaysia will file additional charges against Rosmah Mansor, the wife of former Prime Minister Najib Razak, the anti-graft agency said on November 14, as...
Fortune magazine sold to member of richest Thai family

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US publishing house Meredith Corporation announced on November 9 it sold one of its business flagship titles, Fortune magazine, to a Thai tycoon for...
Myanmar presents plan to attract over $200 billion in foreign investment

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The Myanmar Investment Commission (MIC) came up with an ambitious business plan that includes a major investment promotion strategy aiming to attract more than...
US sanctions two Singapore firms for North Korea dealings

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The US Treasury Department said in a statement on October 25 it has put two Singapore companies, commodities trading house Wee Tiong Singapore Pte....
Malaysia’s ex-PM, former treasury official charged with misuse of $1.6 billion

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Malaysia charged ex-premier Najib Razak and one of his former top treasury officials with six counts of criminal breach of trust, accusing them of...
Vietnam to remove foreign ownership cap for listed companies

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Vietnam's government is considering lifting the foreign stake holding limit for listed companies from the current 49 to 100 per cent in a bid...
Malaysia Ex-PM’s wife Rosmah arrested, to be charged with money laundering

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Rosmah Mansor, wife of Malaysia’s former prime minister Najib Razak, has been detained on October 3 by the Malaysian Anti-Corruption Commission (MACC). According to...
1MDB saga to be turned into movie

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The story of the multi-billion-dollar graft scandal involving Malaysian state fund 1Malaysia Development Berhad (1MDB) – believed to be the world’s largest-ever fraud case...
“Malaysia’s Imelda” likely to be charged for money laundering

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Rosmah Mansor, wife of Malaysia’s former prime minister Najib Razak who is embroiled in the multi-billion fraud scandal surrounding state fund 1Malaysia Development Berhad...
Najib could spend rest of his life in jail if found guilty – Rosmah next to face charges

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Malaysia’s former prime minister Najib Razak pleaded not guilty on September 20 to no less than 21 counts of money laundering and four counts...
Malaysia’s ex-PM detained over mysterious $628-million transfer

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Former Malaysian prime minister Najib Razak was arrested on September 19 over allegations that $628 million linked to state investment fund 1Malaysia Development Berhad...
Malaysia expects to write off up to 70% of 1MDB losses

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Malaysia’s finance minister Lim Guan Eng said that authorities have reason to believe that up to 70 per cent of the misappropriated money from...
Indonesia stops energy projects worth $25 billion as rupiah hits 20-year low

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Indonesia plans to delay $25 billion worth of power projects as it seeks to rein in a widening current-account deficit and a selloff in...
Thai central bank to issue state-backed digital money

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The central Bank of Thailand (BoT) revealed on August 22 plans to introduce a state-issued cryptocurrency on R3’s Corda blockchain. The move signifies the...
Vietnam’s economic miracle unabated – new “tiger” is born, report says

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A latest commentary by Qatar National Bank (QNB) on Asian economies stated that Vietnam has become one of Asia’s, as well as the world’s...
Malaysia’s ex-PM Najib faces 125 years jail time if found guilty on all 1MDB charges

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Former Malaysian prime minister Najib Razak could be jailed up to 125 years and fined a total of 210 million ringgit ($51.6 million) if...
The deep fall of a leader: Malaysia’s ex-PM Najib detained

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Former Malaysian Prime Minister Najib Razak was arrested by anti-corruption investigators on July 3 at his home in Kuala Lumpur and graft charges would...
Vietnam posts strong GDP growth, boosts investment abroad

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Vietnam's economy continues to show strength with an impressive 7.08 per cent growth in the first half of 2018, the highest rate since 2011....