Goldman Sachs Group Inc. made about $500 million arranging three bond sales in the past year for 1Malaysia Development Bhd., the state investment fund led by Prime Minister Najib Razak, said a person familiar with the matter.
Malaysia faces the risk of public protests over the accuracy of results from the May 5 national election after an opposition-backed group cited evidence of vote buying and bias by the official ballot oversight agency.
Short-seller Carson Block’s charge that Olam International Ltd. will fail, his first attack on a Singapore company, is a victory for shareholders after it made the commodity trader more responsive to investors.
Malaysian Prime Minister Najib Razak, whose coalition faces its biggest challenge in 55 years, said the election offers a choice between a reforming government that’s boosted growth and a fractious opposition that could bring “catastrophic ruin” for the country.
Singaporean Richard Mui joined the ranks of the world’s longest-living retirees when his career ended in 2010. Three years on, the 54-year-old can no longer afford to pay his father’s medical bills, and worries about putting his two children through university.
One in three candidates from Malaysia’s ruling coalition for the May 5 election will be new as Prime Minister Najib Razak opts for a slate of fresh faces to fend off a resurgent opposition led by Anwar Ibrahim.
Billionaire Bhupendra Kumar Modi, who became a Singapore citizen last year, is urging his adopted nation to end a ban on young singles owning state-built homes because it hurts one of the city’s key goals: making babies.
Singapore’s biggest political protest since allowing these events at a downtown park in 2000 may signal growing difficulty by Prime Minister Lee Hsien Loong’s government to push policies without broader support.
When Carson Block likened Olam International Ltd. to fraud-ridden Enron Corp., he challenged more than the accounting of the Singapore-based commodities firm. He also took on Temasek Holdings Pte, the government-owned investment company whose money has helped build the city-state into a corporate dynamo known as Singapore Inc.
Malaysian Prime Minister Najib Razak said the nation may reach high-income status two years ahead of target, as he seeks to convince voters of his economic achievements before elections due within weeks.