Elffie Chew
Stories by Elffie Chew
Goldman’s Asia Pacific CEO Ken Hitchner said to retire
Hitchner will continue in his Hong Kong-based role until mid-2019.
Khazanah asks Malaysia Airlines to produce turnaround plan
Ringgit weakness and escalating jet fuel costs have caused the Malaysian carrier to miss two profitability deadlines.
StanChart said to explore options for Malaysian Islamic banking unit
The lender is said to be weighing an exit from Malaysia’s Islamic banking market as fierce competition from local rivals has limited its growth pros
Malaysian firm Axiata in a bind over exiting its investment in Singapore’s M1
Axiata sees that there isn’t enough time left to pull together its own counteroffer.
Allianz said to make headway in talks to acquire Malaysian auto insurer
The owners of AmGeneral Insurance have applied for Malaysian central bank approval to allow Allianz to conduct due diligence on the business.
Malaysian regulator reviews auditors’ conduct of 1MDB accounts
1Malaysia Development Bhd. is at the center of several international investigations into alleged corruption and money laundering.
Temasek said to mull options for stake in retailer A.S. Watson
Temasek is working with an adviser to consider possibilities for its 25% holding in A.S. Watson after receiving some preliminary interest.
Malaysian tycoon Krishnan to sell German tropical resort for $256m
Krishnan, Malaysia’s fifth-richest person, has been shifting his focus to domestic investments after Aircel Ltd., an Indian wireless operator he con
Allianz, Mitsui advance in race for Malaysian auto insurer AmGeneral
A deal could value the Malaysian insurer at $800 million.
Fed ramps up probe into Goldman over 1MDB compliance failures
The Fed doesn’t have the powers of a criminal prosecutor, but it can and often does sanction people involved in banking scandals.
