Malaysian Finance Minister Lim Guan Eng

SINGAPORE (Aug 23): Malaysia’s Finance Ministry yesterday said that the previous Barisan Nasional (BN) government did not refund RM16.05 billion ($5.35 billion) in excess income tax and real property gains tax (RPGT) paid by taxpayers as of May 31, 2018

KUALA LUMPUR (July 31): Despite a freeze imposed by the Penang state government on transactions involving 1Malaysia Development Bhd’s (1MDB) Air Itam land in Penang, all 234 acres (94.7ha) have been surreptitiously sold to Cayman Islands-based Silk Road

(May 24): Troubles at Malaysia’s state investment company 1MDB deepened as its officials told the government the fund is insolvent and unable to repay debts that could amount to almost US$7 billion ($9.40 billion) over the next five years.

(May 14): Malaysia’s markets showed few signs of investor panic as trading reopened after Mahathir Mohamad swept to power in a surprise election outcome.