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The Week Ahead: Asian monetary policy, US-Taiwan Monterey Talks in focus

In focus this week is the response of Asian central bankers to the 75-basis-point increase in the benchmark federal funds rate by the US Federal Reserve, as well as developments in the US-Taiwan annual security talks, referred to as the Monterey Talks. With the US Federal Open Market Committee (FOMC) having raised the key rate to a target of between 1.5% and 1.75%, in its largest hike for a single meeting dating back to 1994, all eyes will be on how Asian central banks react as China, Indonesia and the Philippines will be releasing their respective monetary policy decisions. ....

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Najib told me not to interfere in 1MDB matters, Ahmad Husni tells court

KUALA LUMPUR: Former premier Datuk Seri Najib Razak was advised on the risks of 1Malaysia Development Berhad's (1MDB) plans to invest in a joint venture with PetroSaudi International Ltd, the High Court was told. ....

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Husni: I said 1MDB shouldn't invest in PetroSaudi JV, but Najib told me 'don't interfere'

Former second finance minister Datuk Seri Ahmad Husni Hanadzlah testified on Tuesday (June 7) that he had informed ex-premier Datuk Seri Najib Razak that 1Malaysia Development Bhd (1MDB) should not invest in the joint venture with PetroSaudi International Ltd as the latter was still in the exploration stage. ....

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Finance Ministry approved RM150mil investment, says witness in graft trial of Bung Moktar, wife

KUALA LUMPUR: The Finance Ministry agreed to approve the RM150mil investment by the Federal Land Consolidation and Rehabilitation Authority (Felcra) in Public Mutual Berhad unit trust after three investment proposal papers were submitted by Kinabatangan MP Datuk Seri Bung Moktar Radin, a Sessions Court was told. ....

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Appellate court says only saw 'national embarrassment' in Najib's conduct over SRC International funds | Malaysia

PUTRAJAYA, Dec 8 The Court of Appeal today dismissed Datuk Seri Najib Razak’s conduct over SRC International Sdn Bhd as a “national embarrassment” rather than acts of national interest, as the former prime minister’s lawyers tried to claim. In delivering the unanimous decision rejecting. ....

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