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Putrajaya settles with Deloitte for RM324m in relation to 1MDB scandal

Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz: This marks another success in the Malaysian Government’s continuing recovery efforts against parties involved in 1MDB, SRC and its related entities. The Malaysian Government is determined to ensure that appropriate actions are taken against all individuals or entities involved, directly or indirectly, in the global 1MDB scheme.

Thailand developers will soon offer real estate-backed digital tokens

Amongst the keen industry players, Thailand-listed developer SC Asset will be launching its initial coin offering (ICO) which will be the first of its kind in the country. The deal will also make Thailand the first country in Asia Pacific to launch asset-backed tokens.

Advancecon bags RM14.6m ECRL subcontract

Advancecon said its wholly-owned unit Advancecon Infra Sdn Bhd (AISB) has accepted the Letter of Acceptance from China Communications Construction (ECRL) Sdn Bhd for the appointment.