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KUALA LUMPUR: The combination of a slowing economy, Covid-19 coronavirus, weak ringgit and 10% slide in the FBM KLCI took a toll on Malaysia’s 50 richest, according to Forbes 50 Malaysia’s Richest list.
The 2020 Forbes ranking, however, sees a drop in net worth
HONG KONG: Hong Kong's flagship English-language newspaper, the South China Morning Post, owned by Alibaba Group Holding Ltd, will cut senior management pay and ask staff to take unpaid leave for three weeks, a staff letter obtained by Reuters showed.
SINGAPORE: Temasek International Pte Ltd’s head of sustainability and stewardship group Robin Hu will leave his role at the end of this year, with some of his key functions taken over by Ikea’s former chief sustainability officer Steve Howard.
KUALA LUMPUR: Billionaire Robert Kuok’s Kuok Group is hiring one of the top investment bankers in Malaysia to help oversee the conglomerate’s investments in South-East Asia, according to people with knowledge of the matter.
HONG KONG: SF Holding Co., one of the largest Chinese package-delivery services, is seeking to acquire control of tycoon Robert Kuok’s Kerry Logistics Network Ltd. in a HK$17.6 billion ($2.3 billion) deal.
HONG KONG: SF Holding Co Ltd, one of the largest Chinese package-delivery services, is seeking to acquire control of tycoon Robert Kuok’s Kerry Logistics Network Ltd in a HK$17.6bil (US$2.3bil) deal, Bloomberg reported.