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StanChart's remuneration policy questioned

LONDON: The head of the British parliament's Work and Pensions Committee has written to the chair of Standard Chartered Plc's remuneration committee questioning the bank's executive pension pay levels after more than a third of shareholders voted against its directors' remuneration policy.

In the letter written on Thursday and made public on Monday, Committee Chairman Frank Field asked why the remuneration committee put forward a proposal where the existing directors would receive 40% of base salary (20% of total salary) as the pension contribution whereas the contribution of new executive directors is limited to 10% of total salary.

Orion bets big on small loans

SHAH ALAM: Last year, budding financial technology (fintech) firm Orion IXL Bhd got its first big break with a 15-year contract to provide end-to-end loan application solutions for the country’s top cooperative (co-op).

Call for Malaysia to tap on sukuk investors in UK

KUALA LUMPUR: The United Kingdom (UK) wants to deepen its trade ties with Malaysia, particularly in the Islamic capital market and in return, Malaysia can tap into a bigger pool of international investors when it uses London as a platform to issue debts.

Lord Mayor of the City of London, Alderman Peter Estlin(pic) said the UK recognised Malaysia’s role and knowledge in an Islamic debt instrument, as well as the largest sukuk market with 50% of the global share and the innovator of green sukuk.

Insightful workshop for entrepreneurs

A KEY success factor for any entrepreneur is embracing lifelong learning to ensure business sustainability in changing times. That mindset was evident from the interest shown by the small and medium enterprises (SMEs) who tapped into the collective wisdom of experienced entrepreneurs at the recent SOBA LAB held in Menara Star, Petaling Jaya.

India seeks to tap foreign lenders to get loans for its small firms

NEW DELHI: India’s government is in talks with foreign lenders to provide as much as US$14.5bil in credit to millions of its small firms, two officials said, in a sign the country’s banking system may not be robust enough to do the job on its own.

Draghi prepares his legacy for Lagarde as ECB meets

FRANKFURT: Mario Draghi (pic) is entering the final three months of his European Central Bank presidency with a plan that will see his influence linger well after he’s replaced by Christine Lagarde.