Malaysia – Dyson’s largest components supplier, Malaysian business ATA IMS, is suing the home appliance manufacturer for compensation for bad working and living circumstances at ATA facilities, according to a legal firm representing them yesterday. According to a statement from British legal firm Leigh Day, the ex-employees claim that “Dyson was unfairly benefited as a result of the factory’s unlawful, …

Thailand – The Stock Exchange of Thailand (SET) tightened its grip on highly speculative stocks after a public hearing suggested investors support the revamp of market surveillance measures to better regulate stocks with irregular price movements. In view of this, The SET conducted the hearing on Nov 1-12 to collect opinions regarding the revision of market surveillance measures and the …

PETALING JAYA – US investment bank Goldman Sachs Group Inc. has made $2.5 billion payment that was promised to the Malaysian government to settle the accusations related to the 1MDB. The funds will be used to repay the outstanding debt of the controversial state fund. The source with knowledge of the settlement has confirmed that the payment was transferred to …

KUALA LUMPUR – Former prime minister Tun Dr Mahathir Mohamad, in his personal blog insisted that the country was entitled to as much as US$9.6 billion from US investment bank Goldman Sachs in relation to the controversial bond issuance for 1MDB. Mahathir said that the US$2.5 billion (RM10.6 billion) settlement were no where near the amount the country was owed …

PETALING JAYA – US investment bank Goldman Sachs and Malaysia has agreed for a US$3.9 billion settlement over the multibillion-dollar 1MDB corruption scheme. According to Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Azi, the group also agreed for the cash payment in order to resolve outstanding charges and claims related to the three bond transactions that Wall Street bank …