Malaysia

Agreement draws line under longstanding dispute launched five years ago by Malaysia.

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Abu Dhabi's International Petroleum Investment Co (IPIC) and its unit Aabar Investments PJS have agreed to pay US$1.8 billion (RM8.06 billion) to settle a ...

The Finance Ministry said on Monday that the Abu Dhabi companies, 1MDB, and Malaysia’s Minister of Finance (Incorporated) had reached a settlement in respect of proceedings in the London Court of International Arbitration and the London High Court. Clifford Chance LLP, a London-based law firm for IPIC and Aabar, in a statement, said the firms had agreed to pay the settlement figure in three phases: US$800 million within seven days from the end of the London proceedings, and the remainder within two years of the termination. Malaysia in 2018 had filed a challenge in a London court against a settlement agreement between 1MDB and IPIC that had been negotiated a year earlier during the administration of former prime minister Najib Abdul Razak.

KUALA LUMPUR, Feb 26 — About 71 per cent of Malay respondents in Peninsular Malaysia were dissatisfied with the new government's fulfilment of the 15th ...

He received 49 per cent of the votes. The survey also showed that overall, 25 per cent of respondents said they were satisfied with the government. In comparison, 41 per cent of Chinese respondents reportedly felt that the current state of the country was strong, along with 49 per cent of Indians, 43 per cent of Bumiputera in Sabah, 45 per cent of Bumiputera in Sarawak, and 39 per cent of other ethnicities.

This week I will travel to Malaysia and India to advance Australia's bilateral relationships and promote Australia's interests in a peaceful, stable, ...

This will be my first visit to India as Foreign Minister, and I look forward to meeting my counterparts at the G20 Foreign Ministers’ Meeting in New Delhi. I look forward to holding introductory meetings with members of the new Malaysian Government, including the Prime Minister, Minister of Foreign Affairs and Minister of Economy. This week I will travel to Malaysia and India to advance Australia’s bilateral relationships and promote Australia’s interests in a peaceful, stable, and prosperous Indo-Pacific region.

Abu Dhabi's International Petroleum Investment Co (IPIC) and its unit Aabar Investments PJS have agreed to pay $1.8 billion to settle a legal dispute over ...

KUALA LUMPUR: Abu Dhabi's International Petroleum Investment Co (IPIC) and its unit Aabar Investments PJS have agreed to pay US$1.8 billion to settle a ...

The finance ministry said on Monday the Abu Dhabi companies, 1MDB and Malaysia's Minister of Finance (Incorporated) had reached a settlement in respect of proceedings in the London Court of International Arbitration and the London High Court. "With this settlement, Malaysia and Abu Dhabi look forward to continue working together for the prosperity and economic benefit of both countries in the future," the ministry said in a statement. Malaysia in 2018 had filed a challenge in a London court against a settlement agreement between 1MDB and IPIC that had been negotiated a year earlier during the premiership of former leader Najib Razak.

KUALA LUMPUR, Feb 27 — The Malaysian government today announced that two Abu Dhabi companies have agreed to settle legal proceedings involving 1Malaysia ...

Malay Mail understands that the current Cabinet had asked Tengku Zafrul to continue negotiations and that he had closed the negotiations in his current role as international trade and industry minister, with the settlement finally reached after several rounds of meetings over the last two years. Tengku Zafrul, who had previously served as finance minister under the Muhyiddin and Ismail Sabri administration, was understood to have continued the talks under Prime Minister Datuk Seri Anwar Ibrahim's current administration. Malay Mail understands that Datuk Seri Tengku Zafrul Abdul Aziz played a key role in the negotiations on this long-standing dispute over the past two years.

PUTRAJAYA: Australia's Foreign Minister Penny Wong will undertake a two-day working visit to Malaysia beginning Monday to advance the bilateral relations ...

Malaysia's Minister of Finance (Incorporated) and 1MDB reached a $1.8 billion settlement with Abu Dhabi's sovereign wealth fund International Petroleum ...