The chief executive of one victim, depositor Saigonbank Berjaya Securities JSC (SBBS) - a unit of Malaysia's Berjaya Corporation Bhd - told Reuters that if the ruling was upheld, she had little hope of recouping her bank's $10 million from the perpetrator, who was sentenced to life imprisonment. "We can't afford to lose the case. This represents 70 percent of our capital. Our business may get suspended," Josephine Yei said in an interview.
NANNING: The Malaysia External Trade Development Corporation (Matrade) expects the Malaysia pavilion to exceed its RM450 million sales target at the 15th China Asean Expo (Caexpo) here.
Matrade Trade Consul Zaimah Osman said since the start of the expo on Wednesday, Malaysian exhibitors had sealed RM268.14 million worth of actual and potential sales.
“Durians, bird nest, coffee and beauty products were among top sellers,” she told reporters here today, adding that the Malaysia pavilion was also the most visited.
Zaimah said strong demand had allowed 33 bird nest companies to penetrate China’s market.
“However, we also want other (Malaysian) products to be able to enter China, the world’s second largest economy.
“Those (businesses) interested (in expanding into China) can reach our offices in Beijing, Shanghai, Hong Kong, Guangzho and Chengdu,” she said.
Matrade has also organised more than 1,000 business matching sessions at the CAEXPO between Malaysia companies and their Chinese counterparts. - Bernama
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