Banking & Finance

Banking & Finance

Banking and Finance is a section of Industries on investvine.com
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....
All working expats in Indonesia now required to learn local language

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A new decree by Indonesia President Joko Widodo that is set to take effect on June 26 has caught many expat businesses and domestic...
Kuala Lumpur’s new financial district “can be profitable”: Ex-PM Najib

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Tun Razak Exchange (TRX) City, the new financial district in Kuala Lumpur launched by the government of former Malaysian prime minister Najib Razak, will...
Malaysia’s ex-PM faces charges for playing ‘central role” in 1MDB scandal

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Malaysia’s former prime minister Najib Razak will likely be facing multiple charges including for alleged embezzlement and bribery with government money following a probe...
Bangkok enters list of 100 most expensive cities in the world

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As cost of living in Thailand is on the rise and the baht remains strong, Bangkok has now entered the global top 100 most...
Vietnam seeks ban on import of crypto mining tools

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Vietnam’s finance ministry has called for an outright ban on the import of the mining rigs used to create cryptocurrencies such as Bitcoin. The...
New multi-billion scandal of former Malaysian government exposed

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Malaysia's new finance minister Lim Guan Eng on June 5 said he will report to the anti-graft agency upfront payments of 9.4 billion ringgit...
Grab to launch e-cash and Big Data-based micro lending in Thailand

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Ride hailing company Grab in its drive to expand in the financial services sector is planning to launch e-cash and micro lending in Thailand,...