BY ROZANNA LATIFF AND JOSEPH SIPALAN
KUALA LUMPUR: U.S. investment bank Goldman Sachs has reached a $3.9 billion settlement with the Malaysian government over the multibillion-dollar 1MDB scandal, the two sides said on Friday.
The deal includes a $2.5 billion cash...
TOKYO: Japan's economy will shrink at the fastest pace in decades in the year through March 2021, forcing the government to compile another stimulus package to cushion the blow from the coronavirus pandemic, a Reuters poll showed on Friday.
Many...
BY A. ANANTHALAKSHMI, JOSEPH SIPALAN & KRISHNA N. DAS
KUALA LUMPUR: The chief of Petronas quit this month after disagreement with the prime minister over giving more oil money to one of the country’s states, sources close to the government...
Jakarta shifts budget to fight pandemic
JAKARTA: Indonesia's investment on a mega project to relocate its capital city has been put on hold.
The country is shifting focus to spend on containing the coronavirus outbreak, but may resume next year, Finance...
PRINCE Charles, the heir to the British throne, has tested positive for coronavirus, his household said.
Charles,
eldest son of Queen Elizabeth, is 71 years old.
"The
Prince of Wales has tested positive for Coronavirus," Clarence House said
in a statement.
"He
has been displaying...
SYDNEY:
Australia started shutting down pubs, clubs, gyms and houses of worship on
Monday after a jump in Covid-19 coronavirus cases and after thousands
disregarded social distancing advice and crowded beaches, bars and restaurants.
After an
initial slow rate of infection, the number of...
By A. ANANTHALAKSHMI, LIZ LEE & KRISHNA DAS
In May 2018, Tun Dr Mahathir Mohamad was in the grand ballroom of a
Sheraton hotel near Kuala Lumpur, jubilantly announcing his return as prime
minister after defeating an alliance that had run the...
KUALA LUMPUR:
Interim Prime Minister Tun Dr Mahathir Mohammed is trying to form a national
unity government under his personal authority, drawing together rival parties,
political sources said yesterday, following his shock resignation as prime
minister.
The world's oldest government leader at 94, Dr...
AGONCILLO (Philippines): Thousands of residents under orders to evacuate from a town near the Philippine volcano Taal were allowed to briefly visit homes yesterday to rescue their animals and recover some possessions, taking advantage of what appeared to be...
MANILA: A Philippine volcano that has been spewing ash for days appeared to be calming down yesterday, but seismologists said the danger of an eruption remained high and authorities warned evacuees not to return to their homes.
Some residents...
