Two Malaysian investment firms, Khazanah Nasional Berhad and Permodalan Nasional Berhad, are under scrutiny for investing RM43.9 million in FashionValet, resulting in a loss of RM40.8 million. The collapse of FashionValet has sparked public outrage, leading to an audit of the sovereign wealth fund and an investigation by the Malaysian Anti-Corruption Commission. Prime Minister Anwar Ibrahim has ordered a probe into the investment losses, with critics questioning the company’s management and transparency practices.
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When tariffs danced with Bitcoin and markets held their breath
On March 12, 2025, global markets experienced a rollercoaster ride due to shifting narratives around tariff measures and deteriorating trade relations, highlighted by President Trump's threat to double tariffs on Canadian steel and aluminum. This led to a market selloff, with US indices sliding and European markets reflecting unease. Despite this, Chinese markets rose as investors bet on Beijing's ability to cushion the impact. Additionally, a significant development was the US government's bold step into...
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