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KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) has unfrozen two share-trading accounts belonging to former 1Malaysia Development Bhd (1MDB) CEO Arul Kanda Kandasamy.
NEW YORK: General Electric Co ranks among the riskiest backers of long-term care insurance, suffering from both high exposure to claims and a relatively small cash pile to pay them, Fitch Ratings said in a report that sent GE’s shares tumbling.
KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) has unfrozen two share-trading accounts belonging to former 1Malaysia Development Bhd (1MDB) CEO Arul Kanda Kandasamy, who is currently embroiled in a corruption case.
SIBU: A civil servant lost close to RM40,000 in a Macau scam after she was duped by a caller who told her she was involved in money laundering activities.
GEORGE TOWN: Environmental experts have ascertained that the reclamation in Gurney Drive has no connection with the pollution and mass deaths of fish affecting Teluk Bahang.
India is reviewing an audit report on data practices of WhatsApp Inc to ensure compliance with local rules before permitting a nationwide debut of the Facebook Inc-owned company’s long-delayed payments service.
VATICAN CITY (Reuters) - Pope Francis has approved new statutes for the Vatican Bank, making an external audit obligatory and introducing other changes to bolster reforms that have turned around the once scandal-ridden institution.
INCREASINGLY more companies are using perpetual securities as a means to raise funds. The papers are generally not rated and carry a high coupon rate, which makes it attractive to investors seeking higher yields.
Foxconn Technology Group and customer Amazon.com Inc face renewed criticism from a labour advocacy group for allegedly slashing wages and flouting labor laws at a Chinese factory as pressure from US tariffs mounts.
KUALA LUMPUR: The falling lift incident at a People’s Housing Project (PPR) flats in Kampung Kerinchi, Pantai Dalam here, was a freak accident that should not have happened, says Federal Territories Minister Khalid Abdul Samad.