KUALA LUMPUR (May 23): The Ministry of Finance (MoF) will appoint PwC to conduct a special position audit and review of 1Malaysia Development Bhd (1MDB) to be submitted to the 1MDB Special Committee upon completion, said Finance Minister Lim Guan Eng today.
According to a statement by Lim, he has also instructed MoF legal advisers to review Arul Kanda Kandasamy's position as 1MDB president.
The decisions, said Lim, came on the back of conflicting statements obtained in two separate meetings between Lim and three deputy treasury-generals with 1MDB personnel earlier today.
SINGAPORE: The Land Transport Authority (LTA) has awarded two civil contracts worth S$1.16 billion for the construction of the North-South Corridor (NSC) tunnels, the LTA said in a news release on Wednesday (May 23).
The first contract, worth S$602.6 million, was awarded to Samsung C&T ...
BEIJING: China will buy an additional $60 billion to $90 billion worth of American goods over the next several years, with agricultural products poised to benefit in the near term followed by energy and ultimately non-high-tech manufactured products, according to Morgan Stanley.