KUALA LUMPUR, Jan 23 — The 1MDB Asset Recovery Taskforce is considering initiating legal proceedings against several foreign banks which facilitated the fund transfers related to 1Malaysia Development Bhd (1MDB) without conducting proper know your client (KYC) processes at that material time.

KUALALUMPUR, Oct 14 — The banking sector perceives Budget 2024 as striking a fine balance between maintaining sufficient support for the domestic economy amid continued external challenges, while staying committed to fiscal responsibility and enhancing the people’s well-being.

SINGAPORE, Oct 4 — Great Eastern Holdings Ltd's proposed acquisition of AmMetLife Insurance Bhd (AML) and AmMetLife Takaful Bhd (AMT) will enhance its market leadership within the Malaysian insurance and takaful market, said S&P Global Ratings.