Malaysian tycoon Vincent Tan sold 115 million ringgit ($29 million) worth of shares in conglomerate Berjaya Corp. Bhd., extending a series of disposals that have reduced his holding in the company to about 15%.
Malaysian defense chief Mohamed Khaled Nordin told Bloomberg that the country will not rush to increase its defence budget despite US pressure for partners to become more self-reliant.…
A Malaysian minister urged the country’s police chief to clarify the status of investigations into allegations a network of businessmen was colluding with anti-graft agency officials to oust executives.