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The 1Malaysia Development Berhad scandal, often referred to as the 1MDB scandal or just 1MDB, is an ongoing corruption, bribery and money laundering conspiracy in which the Malaysian sovereign wealth fund 1Malaysia Development Berhad (1MDB) was systematically embezzled, with assets diverted globally by the perpetrators of the scheme. [1]
Khazanah Nasional Berhad (lit. ' National Treasure Limited ' ; doing business as Khazanah Nasional or simply Khazanah ) is the sovereign wealth fund of the Government of Malaysia . [ 2 ] One of the largest sovereign wealth funds in the world, [ 3 ] [ 4 ] it was established to invest surplus revenues for Malaysia.
Small Medium Enterprise Development Bank Malaysia Berhad, commonly known as SME Bank, is a Malaysian small and medium enterprise (SME) banking company owned by Minister of Finance Incorporated. The bank's main activity is to provide financial assistance and expertise to small and medium enterprises.
Malaysia's appeals court on Monday granted a bid by jailed ex-premier Najib Razak to see a document he said should allow him to serve his sentence at home, in a rare win for a disgraced former ...
Gerard Philips (1858–1942), founder. The Philips Company was founded in 1891, by Dutch entrepreneur Gerard Philips and his father Frederik Philips. Frederik, a banker based in Zaltbommel, financed the purchase and setup of an empty factory building in Eindhoven, where the company started the production of carbon-filament lamps and other electro-technical products in 1892.
IOI develops real estate and makes property investments in commercial, hospitality and leisure, launching its maiden 930-acre Bandar Puchong Jaya township in 1990. [3] IOI announced a demerger of its property business in 2013, [11] and relisted it as IOI Properties Group Berhad on the Main Market of Bursa Malaysia on 15 January 2014.
List of Malaysian banks by total assets as of 31 December 2023 Ranking Bank Totals in billions of Malaysian ringgit Assets Equity 1: Maybank: 947.8: 86.0
SIRIM Berhad, formerly known as the Standard and Industrial Research Institute of Malaysia (SIRIM), is a corporate organization owned wholly by the Malaysian Government, under the Ministry of Trade and Industry (MITI). It has been entrusted by the Malaysian Government to be the national organization for standards and quality and as a promoter ...