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The companies are in talks with financial advisors to explore a sale of Selangor, Malaysia-based Ramsay Sime Darby Health Care to strategic investors, three sources said. "Sime Darby Berhad continues to review strategic growth options for our healthcare segment," a company spokesperson told Reuters in an emailed statement. Ramsay Sime Darby did not immediately respond to comment. IHH, one of Asia's biggest private hospital operators, had submitted an indicative proposal in March 2022 to buy Ramsay Sime Darby Healthcare. Ramsay Sime Darby was established in 2013 via an equal joint venture of Ramsay and Sime Darby to expand their healthcare business in Southeast Asia.

☆ U.S. and China wage war beneath the waves – over internet cables
▼ + stars: | 2023-03-24 | by ( ) www.reuters.com time to read: +28 min

Three of China’s state-owned carriers – China Telecommunications Corporation (China Telecom), China Mobile Limited and China United Network Communications Group Co Ltd (China Unicom) – had committed funding as members of the consortium, which also included U.S.-based Microsoft Corp and French telecom firm Orange SA, according to six people involved in the deal. China Telecom, China Mobile, China Unicom and Orange did not respond to requests for comment. China Telecom, China Mobile and China Unicom were resolutely behind HMN Tech, which had come in with a bid of around $500 million. China Telecom and China Mobile threatened to walk off the project, taking tens of millions of dollars of investment with them. Among them is China Telecom, which had previously won authorization to provide services in the United States.

☆ Former Malaysia PM Najib cleared of audit tampering in 1MDB graft scandal
▼ + stars: | 2023-03-03 | by ( Rozanna Latiff | ) www.reuters.com time to read: +2 min

KUALA LUMPUR, March 3 (Reuters) - A Malaysian court on Friday acquitted jailed former Prime Minister Najib Razak of audit tampering in one of the many cases he faces over a multi-billion corruption scandal at state fund 1Malaysia Development Berhad (1MDB). The acquittal comes amid renewed scrutiny on government graft under Prime Minister Anwar Ibrahim, whose administration had to partner with Najib's corruption-tainted party to form a government late last year. Friday's acquittal was on a charge of abusing his position as prime minister to amend a government audit into 1MDB. The fund's former chief executive Arul Kandasamy was charged with abetting Najib and was also cleared and both had pleaded not guilty. Najib faces three more cases related to corruption at various government entities and 1MDB, a fund he co-founded in 2009.

☆ Southeast Asia's 5G outlook remains 'bleak' in short term despite tech giant partnership, report says
▼ + stars: | 2022-12-09 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

The Tech Mahindra-Axiata Group Berhad partnership may help accelerate 5G in Southeast Asia but the short-term outlook for the industry is "bleak," Fitch Solutions said in a country risk and industry research report. Last week, Indian IT and consulting giant Tech Mahindra and Malaysian telco conglomerate Axiata Group Berhad inked an agreement to jointly develop and commercialize 5G enterprise solutions in Malaysia, Sri Lanka, Bangladesh, Nepal and Cambodia. "We believe that this is a promising partnership as it combines the capabilities of Tech Mahindra's 5G enterprise solutions with Axiata's expertise in mobile connectivity, network infrastructure and product services," said Fitch Solutions. While 5G has many benefits, the report said it is still in a nascent stage for many Southeast Asian countries. 5G is the fifth generation of cellular networks and is up to 100 times faster than 4G.

☆ Philippine economic managers back bill creating sovereign fund
▼ + stars: | 2022-12-09 | by ( ) www.reuters.com time to read: +2 min

MANILA, Dec 9 (Reuters) - Philippine economic officials have thrown their support behind the creation of a sovereign wealth fund backed by President Ferdinand Marcos Jr amid opposition from some groups due to concerns over the risk of corruption and transparency. The economic managers "strongly support" the proposed sovereign wealth fund to generate additional income for the government, Finance Secretary Benjamin Diokno told a media briefing, as he called for the speedy passage of the bill creating the fund. "Direct benefits of the (fund) include increased investments in and funding of big ticket infrastructure projects, high return on green and blue projects, and countryside development including agriculture," Diokno said, reading a joint statement. Authors of the bill have agreed to remove that contentious provision, and instead proposed utilising the profits of the Philippine central bank to bankroll the fund. The plans come as neighbours like Malaysia and Singapore and more recently Indonesia have established sovereign wealth funds, with mixed results.

☆ New PM Anwar says Malaysia to review plans for 5G network
▼ + stars: | 2022-12-05 | by ( Rozanna Latiff | ) www.reuters.com time to read: +3 min

KUALA LUMPUR, Dec 5 (Reuters) - Malaysia's newly appointed Prime Minister Anwar Ibrahim said on Monday his administration will review a plan for a state-owned 5G network introduced by a previous government, as it was not formulated transparently. The single-ownership of the 5G spectrum raised concerns from the country's major carriers over pricing, transparency and monopoly. Anwar said the 5G plans would be evaluated to ensure they strictly followed procedures, alleging that there had been "no proper tender process", without specifying details. Muhyiddin's government previously defended the 5G plan, saying it will reduce costs, improve efficiency and accelerate infrastructure development. Anwar was appointed premier by the king last month, after the election resulted in an unprecedented hung parliament.

☆ AirAsia parent narrows Q3 loss on strong demand recovery, upbeat outlook
▼ + stars: | 2022-11-30 | by ( ) www.reuters.com time to read: +1 min

Nov 30 (Reuters) - Capital A Berhad (CAPI.KL), the parent of Malaysian budget airline AirAsia, reported a narrower third-quarter operating loss on Wednesday, buoyed by a strong rebound in travel demand and the easing of pandemic-related restrictions in Southeast Asia. It also forecast a positive outlook for the upcoming years on strong sales momentum and reopening of travel restrictions, projecting stronger air passenger traffic in the next quarter. Capital A posted an operating loss of 563.9 million ringgit ($127.00 million) for the three months ended Sept. 30, compared to a loss of 893 million ringgit in the year-ago period. It reported a sharp 563% increase in revenue to 1.96 billion ringgit from last year's 295.9 million ringgit. ($1 = 4.4400 ringgit)Reporting by Sameer Manekar and Riya Sharma in Bengaluru; Editing by Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.

☆ Ahead of Malaysia's elections, political rivals battle over corruption and 1MDB scandal
▼ + stars: | 2022-11-18 | by ( Su-Lin Tan | ) www.cnbc.com time to read: +4 min

watch nowMalaysia's nationalist UMNO party said its rivals are driving a "campaign of fear" against the ruling Barisan Nasional coalition in the lead-up to Saturday's elections and this could cost Malaysians. UMNO is part of the Barisan Nasional coalition. "I'm not at all denying that there are issues around integrity in our political system and this applies to all political parties." Corruption allegations against Najib led to the the long-standing ruling coalition Barisan Nasional being ousted from power in the last election in 2018, ending its 60-year political dominance in the Southeast Asian country. "Top leaders in our party are still facing court cases; now could you have said that for the time when Mahathir was prime minister?

☆ Trump D.C. hotel receipts reveal $10,500-a-night rooms for foreign officials seeking to influence U.S.
▼ + stars: | 2022-11-14 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Anna_Byline.Jpg | Anna Schecter | ) www.nbcnews.com time to read: +8 min

For their part Qatari officials and connected companies spent at least $307,941 at the Trump hotel from late 2017 through mid-2018, according to the Oversight Committee’s findings. In the letter she requests presidential records from NARA that could be related to attempts by foreign governments and lobbyists working on their behalf to influence the Trump administration by spending money at the Trump Hotel. A spokesperson for the Malaysian Embassy did not immediately respond to a request for comment. According to the Oversight Committee, documents from Mazars show the Turkish Embassy sponsored two stays at the Trump hotel around the time of Erdoğan’s visit. The documentation obtained did not show how much the embassy spent at the hotel during either of these stays.

☆ Malaysia court dismisses govt bid to forfeit millions in assets linked to ex-PM Najib
▼ + stars: | 2022-11-14 | by ( ) www.reuters.com time to read: +2 min

KUALA LUMPUR, Nov 14 (Reuters) - A Malaysian court on Monday struck down a government bid to forfeit millions of dollars in luxury goods seized from jailed ex-premier Najib Razak, finding insufficient evidence linking the assets to unlawful activities, a lawyer for Najib said. Najib was voted out in 2018 amid public anger over his alleged involvement in a multibillion-dollar scandal at state fund 1Malaysia Development Berhad (1MDB). Following his election loss, police seized cash and assets including handbags and jewellery worth nearly $300 million in raids on several properties linked to Najib. Some 114 million ringgit ($24.86 million) was returned to Najib last year after the court dismissed a separate forfeiture bid on the seized cash. The alliance made its way back into power last year under Prime Minister Ismail Sabri Yaakob, after two previous administrations collapsed amid political turmoil.

☆ Trump D.C. hotel receipts reveal $10,500-a-night rooms for foreign officials seeking to influence U.S. policy
▼ + stars: | 2022-11-14 | by ( Anna Schecter | ) www.cnbc.com time to read: +8 min

The Saudi revenues for the Trump hotel came during a period when Saudi Arabia and the UAE were lobbying the Trump administration to support them during their blockade against economic rival Qatar. In the letter she requests presidential records from NARA that could be related to attempts by foreign governments and lobbyists working on their behalf to influence the Trump administration by spending money at the Trump Hotel. The Malaysian expenditures at the Trump Hotel were the most extensive in a one-week period found by the Oversight Committee to date. A spokesperson for the Malaysian Embassy did not immediately respond to a request for comment. The documentation obtained did not show how much the embassy spent at the hotel during either of these stays.

☆ Four Malaysian telcos agree to use state 5G network
▼ + stars: | 2022-10-31 | by ( ) www.reuters.com time to read: +2 min

[1/2] An advertisement of 5G network by U Mobile carrier is displayed in Kuala Lumpur, Malaysia, September 26, 2022. REUTERS/Hasnoor HussainKUALA LUMPUR, Oct 31 (Reuters) - Four Malaysian mobile operators said on Monday they had agreed to use the government's state-owned 5G network, paving the way for 5G services to be rolled out to customers after months of delayed talks. Celcom Axiata (AXIA.KL), DiGi Telecommunications (DSOM.KL), Telekom Malaysia (DSOM.KL) and U Mobile said on Monday they had signed agreements to access the 5G network run by state agency Digital Nasional Berhad (DNB) for 10 years. In its statement, U Mobile said it would begin making 5G services commercially available to its customers from Thursday. YTL started offering 5G services to its customers last year.

☆ Malaysia's Mahathir fears Najib would walk free if graft-tainted party wins polls
▼ + stars: | 2022-10-11 | by ( ) www.reuters.com time to read: +3 min

Former Malaysian Prime Minister Najib Razak speaks to journalists outside the Federal Court during a court break, in Putrajaya, Malaysia August 23, 2022. REUTERS/Lai Seng SinKUALA LUMPUR, Oct 11 (Reuters) - Malaysia's veteran politician and opposition leader Mahathir Mohamad predicted on Tuesday that disgraced former prime minister Najib Razak would be released from jail if his graft-tainted ruling party wins an upcoming general election. "Should they be able to win and form the government, that is the first objective, not about the welfare of the people," Mahathir, who had two stints as prime minister, told a news conference. They were both prosecuted, along with other party leaders, after UMNO lost the 2018 election for the first time in Malaysia's history as voters punished the party for 1MDB and other corruption scandals. Investigators have said some $4.5 billion was stolen from 1MDB - co-founded by Najib during his first year as prime minister in 2009 - and that over $1 billion went to accounts linked to Najib.

☆ Former Malaysia deputy prime minister acquitted of graft charges - media
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +2 min

Former Malaysian deputy prime minister and current president of the ruling party UMNO Ahmad Zahid Hamidi arrives at the Kuala Lumpur High Court complex for the court's decision on whether he will have to enter his defence or be acquitted of corruption and money laundering charges in Kuala Lumpur, Malaysia, January 24, 2022. REUTERS/Hasnoor HussainRegister now for FREE unlimited access to Reuters.com RegisterKUALA LUMPUR, Sept 23 (Reuters) - A Malaysian high court acquitted a former deputy prime minister of 40 bribery charges, saying the prosecution had failed to provide enough evidence, state news agency Bernama reported on Friday. The UMNO party came back to power in 2020 after an alliance led by Mahathir Mohamad that won the 2018 election collapsed from infighting. Zahid has been urging Prime Minister Ismail Sabri Yaakob, who is also from the UMNO party, to call for early elections ahead of a September, 2023 deadline. Register now for FREE unlimited access to Reuters.com RegisterReporting by A. Ananthalakshmi; Editing by Kanupriya KapoorOur Standards: The Thomson Reuters Trust Principles.

☆ Peste 200 de răniţi în coliziunea a două garnituri de metrou în capitala Malaeziei
▼ + stars: | 2021-05-24 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Peste 200 de persoane au fost rănite luni în Malaezia în coliziunea a două garnituri de metrou într-un tunel din apropiere de turnurile gemene Petronas din capitala Kuala Lumpur, au declarat oficiali locali citaţi de Agerpres. Patruzeci şi şapte de persoane au fost rănite grav şi 166 au suferit răni minore, a declarat el reporterilor. "Încă investigăm incidentul, dar suspectăm că a existat o greşeală de comunicare între centrul de control al operaţiunilor cu trenuri", a mai spus Mohamad Zainal Abdullah. Ministrul Transporturilor, Wee Ka Siong, a spus că această coliziune a fost primul incident major în sistemul de metrou în cei 23 de ani de la inaugurare şi a promis o investigaţie meticuloasă. Turnurile gemene Petronas de 88 de etaje sunt cele mai înalte turnuri gemene din lume, notează Reuters.

Persons: Abdullah, Reuters Organizations: Transporturilor Locations: Malaezia, Kuala Lumpur, Malaysia

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