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Commodities 14 Dec 2018 | 11:13 PM

Scale of theft at Shell's Singapore refinery much higher

SINGAPORE: Around $150 millions' worth of oil was stolen from Shell's biggest global refinery over several years, Singapore court documents reviewed by Reuters show, far more than reported when police first revealed the heist earlier this year.

Auto 25 Jul 2018 | 12:00 AM

France probes US$23mil profit in GE deal

PARIS: French investigators suspect an investor illegally made €20mil (US$23mil) from just one bet after getting a tip-off in 2014 about General Electric Co’s plan to buy part of Alstom SA.

Taxation 17 Jul 2018 | 12:00 AM

From Sept. 1 tax on services at 6%, sale of goods 10%

KUALA LUMPUR: The provision of services will be taxed at 6% under the reintroduced sales and services tax (SST), while the sale of goods will incur a 10% tax, said Finance Minister Lim Guan Eng.

Economy 13 Jul 2018 | 8:23 AM

Over 100 industry bodies urge govt to extend deadline for foreign workers

KUALA LUMPUR: More than 100 industry associations and chambers have appealed to the government to extend the legalisation deadline for foreign workers and suspend the on-going raids.

Business 26 Jun 2018 | 2:13 AM Premium

Malaysia’s extravagant ex-First Lady lands in graft investigators’ sights

A US$27mil pink diamond, collection of luxury handbags attest to lavish tastes of Rosmah Mansor, wife of the country’s PM while a state fund was allegedly looted

Corporate News 15 Jun 2018 | 12:00 AM

Enforcement should not be an ad hoc exercise

THE revelation of scandal after scandal by the Pakatan Harapan government is a step in the right direction in putting in place accountability that any person in power needs to be benchmarked against.

Corporate News 24 May 2018 | 10:30 AM

Bank Negara raids company fronting as bank

KUALA LUMPUR: Bank Negara Malaysia raided Axios Group Sdn Bhd in Cheras on Thursday for suspected to be using the word “bank” in their office premise signage and websites without approval.

Technology 10 May 2018 | 12:00 AM

Stunned investors in Singapore tech darling suffer 33% loss

SINGAPORE: After a spectacular rise for two years, Singapore’s biggest technology company is suddenly returning to earth.

Corporate News 09 May 2018 | 9:40 AM

Stunned investors in Singapore tech darling suffer 33% loss

After a spectacular rise for two years, Singapore’s biggest technology company is suddenly returning to earth.

Business 05 May 2018 | 12:00 AM

Ex-VW CEO Winterkorn charged with cheating in US

SAN FRANCISCO: Volkswagen AG’s former chief executive officer Martin Winterkorn was charged in the US in a deepening probe into the German automaker’s cheating on diesel emissions testing.