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Texas billionaire R. Allen Stanford has been found in Virginia and served with civil legal papers from the Securities and Exchange Commission.
In the span of 10 days, Bursa Malaysia has announced the de-listing of three companies and the commencement of procedures to boot out another two. What's fascinating about this is that we're not talking about nondescript also-rans that have barely shown up on the investors' radar screens.
Bursa Malaysia says it is taking action against Oilcorp Bhd for delaying the report by Baker Tilly Monteiro Heng (BTMH) and has directed Oilcorp to address and resolve the issues raised by BTMH and Horwath so that the company's financial statement reflects the true position of the company.
Malaysia moved up four spots to 19th place this year in terms of competitiveness, according to the IMD World Competitiveness Yearbook 2008.