<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on June 25, 2019</span></p></div><div class=newsTextDataWrapInner><p>KUALA LUMPUR: Prime Minister Tun Dr Mahathir Mohamed has described the RM1 billion offered by Goldman Sachs as compensation for the role it played in 1Malaysia Development Bhd (1MDB) scandal as “peanuts”.</p></div>

<div class=newsTextDataWrapInner><p>“What Goldman Sachs has offered is not adequate,” Dr Mahathir told CNBC’s Tanvir Gill in Bangkok where he was attending the Asean summit.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>He said the finance ministry will decide on the appropriate amount of compensation to demand from Goldman, CNBC reported.</p></div>

<div class=newsTextDataWrapInner><p>Goldman helped 1MDB raise US$6.5 billion in 2012 and 2013 and collected higher-than-typical fees of US$600 million for the deals.</p></div>

<div class=newsTextDataWrapInner><p>The Malaysian government has filed criminal charges against three Goldman entities over their handling of the bonds totalling US$6.5 billion issued by 1MDB — the first time a country has filed criminal charges against the banking giant.</p></div>

<div class=newsTextDataWrapInner><p>Finance Minister Lim Guan Eng told CNBC in January that Malaysia is seeking US$7.5 billion from Goldman and called on the bank to “have a heart”.</p></div>


KUALA LUMPUR: Prime Minister Tun Dr Mahathir Mohamed has described the RM1 billion offered by Goldman Sachs as compensation for the role it played in 1Malaysia Development Bhd (1MDB) scandal as “peanuts”.

“What Goldman Sachs has offered is not adequate,” Dr Mahathir told CNBC’s Tanvir G...

Dr M says Goldman Sachs’ offer is peanuts

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PUTRAJAYA ( April 25): Malaysia’s inflation stayed at 1.8% in March 2024 from a month ago, according to the Department of Statistics Malaysia (DOSM).

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Malaysia is in early discussions with tycoons on opening a casino in Forest City, people familiar with the matter said, in a bid to revive the beleaguered US$100 billion (RM478.35 billion) property project that counts the country’s monarch as one of its shareholders.

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KUALA LUMPUR (April 25): The Employees Provident Fund (EPF) members, who are below 55 years old, will have an Account 3, in addition to the existing two accounts for their retirement savings, starting May 11.

EPF members under age 55 will have Account 3 starting May 11

<p>KUALA LUMPUR (April 25): The Employees Provident Fund (EPF) members, who are below 55 years old, will have an Account 3, in addition to the existing two accounts for their retirement savings, starting May 11.&nbsp;</p>


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<p>Malaysia is in early discussions with tycoons on opening a casino in Forest City, people familiar with the matter said, in a bid to revive the beleaguered US$100 billion (RM478.35 billion) property project that counts the country’s monarch as one of its shareholders.</p>


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<p>KUALA LUMPUR (April 25): Agricore CS Holdings Bhd, a food ingredients supplier, has obtained approval from Bursa Malaysia Securities Bhd to list on its ACE Market.</p>


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<p>Synergy House Bhd may trend higher after breaking out from its one-week bullish rectangular pattern two sessions ago, to a new all-time high.</p>


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<p>PUTRAJAYA ( April 25): Malaysia’s inflation stayed at 1.8% in March 2024 from a month ago, according to the Department of Statistics Malaysia (DOSM).</p>


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