Latest News for: Malaysia offshore banking


In my view: Rupee needs to gain weight

Business Line 04 Jun 2023
The idea is to act as offshore rupee settlement conduits ... These offshore INR holdings are then used by commercial banks in Malaysia to buy manufactured goods from Germany ... by global commercial banks.

Former Malaysian Prime Minister Jailed

OWP 20 Sep 2022
In the decade following its founding, billions of dollars raised for developmental projects were secretly transferred into offshore bank accounts connected to many high-profile figures in Malaysia.
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Russian vessels conduct missile drills in Atlantic on way to Cuba
Foto del Servicio de Prensa del Ministerio de Defensa ruso vía AP
FILE - Russian President Vladimir Putin, center left, and North Korea's leader Kim Jong Un, center right, examine a launch pad during their meeting at the Vostochny cosmodrome outside the city of Tsiolkovsky, about 200 kilometers (125 miles) from the city of Blagoveshchensk in the far eastern Amur region, Russia, on Wednesday, Sept. 13, 2023. North Korean leader Kim hailed the country's relationship with Russia on Wednesday, June 12, 2024, as reports suggest that Russian President Putin will soon visit the isolated country for his third meeting with Kim.
AP / Mikhail Metzel, Sputnik, Kremlin Pool Photo via AP, File