najib razak

1MDB Scandal Forces Moody’s To Change Economic Outlook For Malaysia To Stable From Positive

Malysia has been witnessed to rock heavily centering 1MDB scandal. Both Malaysian currency and stock have been nose-dived over the past year and capital outflow taken place more frequently. The existing economic turmoil has led Moody’s to change Malaysia’s economic outlook from positive to stable citing 1MDB related economic turmoil as the reason.

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Singapore's authority seizes account related with 1MDB

The Singapore's authority announced that it has seized a large number of bank accounts in a probe into alleged misappropriations related to 1MDB. Details regarding the bank accounts will be shared with investigators from Switzerland, United States and Malaysia.

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Malaysia reduces growth forecast due to plunge in oil prices

Malaysia has trimmed its growth forecast mainly due to plunging oil prices. A miscalculated assumption has messed up the 2016 budget, which has the government groping for damage-control measures. One of the key outcomes were increasing the household spending of the country, which can give the sluggish economy a much-needed boost.

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Malaysian Prime Minister cleared of corruption as the fund received is a 'gift' from Saudi royal family

Najib Razak has been cleared of corruption case of over $681 million as the money is a 'gift' from Saudi royal family. According to the Attorney General Apandi Ali, the sum in prime minister’s personal bank account has no link to troubled state fund 1MDB.

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Malaysia's 1MDB to be dismantled under debt plan - sources

Malaysia's indebted and controversy-ridden state investor 1MDB will be left as a skeletal structure and possibly dissolved under a debt repayment plan in which most of its assets will be sold, sources with direct knowledge of the matter said.

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State support for job cuts boosts prospects of latest Malaysia Airlines plan

The plan to save Malaysia Airlines (MAS) (MASM.KL) could succeed where past endeavours have failed because the government has finally put politics aside by agreeing to sweeping job cuts, people briefed on the restructuring told Reuters.

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