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Business

MSG served with offer notice

NIPPON Sheet Glass Co Ltd (NSG), acting in concert with Tomen Corp, is making a conditional voluntary offer to buy the balance 51% stake in Malaysian Sheet Glass Bhd (MSG) that it does not already own for RM110.9mil or RM2.65 per share.

Business

Essentials of annual report

MAICSA PERSPECTIVE: A monthly series by The Malaysian Assssociation of The Institute of Chartered Secretaries and Administrators.

Business

SC raps valuer, firm for breach of guidelines

THE Securities Commission (SC) has publicly reprimanded and imposed sanctions of non-acceptance of submission to the SC on valuer Andrew Chan Kian Sang and valuation firm Dass Mohamad Chartwell Brooke Hiller Parker Sdn Bhd (DMC) for one year and three months respectively for non-compliance with its guidelines on asset valuation.

Business

Big tax refund windfall for Japan banks

Japan's top banks have settled a tax dispute with the Tokyo city government which is expected to bring them a 193 billion yen (US$1.74bil) windfall.

Business

Ex-Merrill executives face fraud charges in Enron case

B>HOUSTON: /B>Three former Merrill Lynch executives have been charged with conspiracy for allegedly helping energy trader Enron Corp inflate earnings with a loan disguised as a sale of Nigerian barges.

Business

Preparing a suitable estate plan

WHILE more and more upwardly mobile professionals are beginning to draft their own wills, the vast majority of Malaysians still have not prepared a detailed, well-crafted estate plan.

Business

Judgment entered in suit of Aussie mining firm

An Australian mining company has won a $157 million judgment from an international engineering firm it hired to study the potential value of a U.S.-based copper mine.

Business

Corporate scandals bring a new title to executive suite

B>NEW YORK/B>: The market for corporate governance officer appointments is growing as companies jump on the better governance bandwagon.

Business

Malaysia's second half growth much stronger, says Zeti

THE economy expanded stronger than expected in the second quarter, thanks in part to the RM7.3bil stimulus package launched by the government, said Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz.

Business

Lawsuits, insurance claims over mold damage on the rise

It's usually just scrubbed off tile grout, shower stalls and basement walls, but lately, mold has become the subject of expensive insurance claims and multimillion dollar lawsuits.