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.
KUALA LUMPUR: Aturmaju Resources Bhd’s (ARB) wholly-owned subsidiary, ARB Development Sdn Bhd, has finalised the Business contract with Yes’s Comm. Enterprise Sdn Bhd (YESS) and is expected to contribute an estimated RM20mil to the topline of ARB.
In a statement Thursday, Aturmaju said the contract was valid for yearly recurring basis, entailing ARB to provide a marketplace platform to YESS to sell and market their products efficiently by implementing the customised enterprise resources planning system and system integration solution to maximise YESS sales by implementing the real-time inventory management.
“The SIS features include the real-time sales tracking, real-time sales and inventory sales interlinking, inventory management, assortment selection and forecast, warehousing and logistic optimisation.
“The intention is to assist YESS to accurately map inventory assortments against consumer preferences and seasonal trends across YESS’ operations/outlets. This ultimately provides better customer service with an improved, more real-time understanding of what is selling and what is not,” CEO (Investment & Technology) Datuk Larry Liew said in the statement.
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