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US returns $300m Jho Low-linked funds to Malaysia

Bloomberg The US returned to Malaysia another $300 million that was recovered as part of the Justice Department’s forfeiture lawsuits targeting assets that fugitive financier Low Taek Jho and his associates bought with funds allegedly stolen from the country’s 1MDB investment fund. With the latest repatriation, the US has sent $600 million back to Malaysia as part of the continuing ...

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Singapore home sales set for harder hit over lockdown

Bloomberg Singapore home sales slumped in March and are set to take a harder hit in coming months as the government enforces a more draconian lockdown that threatens to bring the property market to a standstill. Sales in the city-state fell 32% to 660 units last month — even before the toughest curbs were imposed — from 976 in February, ...

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Coronavirus pandemic may hit banana supplies in Asia next

Bloomberg Get your potassium while you can. The coronavirus pandemic may limit supplies of bananas in Asia. Growers in the Philippines, the world’s second-biggest exporter, said overseas shipments may drop by nearly 40% this year as lockdowns and social distancing measures curb output and transport. The country’s exports of the fruit are expected to plunge to about 2.5 million tons ...

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