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Business 05 Apr 2018 | 12:00 AM

Elliott boosts hopes for change at Hyundai

SEOUL: A unit of US activist hedge fund Elliott Management revealed that it holds more than US$1bil worth of shares in key affiliates of South Korea’s Hyundai Motor Group and called for more rapid reform of the auto giant’s governance.

Corporate News 10 Apr 2018 | 11:05 AM

LFE former ED jailed for CBT involving nearly RM19m

KUALA LUMPUR: The former executive director of LFE Corporation Bhd (LFE), Alan Rajendram a/l Jeya Rajendram was jailed three years after he pleaded guilty to two criminal breach of trust (CBT) charges involvig RM18.99mil.

Corporate News 10 Apr 2018 | 11:16 AM

Ex-investment banker jailed, fined RM1m for insider trading

KUALA LUMPUR: Former investment banker Goh Keng Huat was jailed six months and fined RM1mil in default six months imprisonment after he was convicted to insider trading in the shares of Road Builder Holdings Bhd (RBH) in 2006.

Banking 11 Apr 2018 | 12:00 AM

Former investment banker jailed and fined for insider trading

KUALA LUMPUR: The Kuala Lumpur Sessions Court has sentenced a former investment banker to six months jail and fined him RM1mil for insider trading.

Economy 07 May 2018 | 5:21 AM

Bank Negara seen holding key rate on moderating core inflation

KUALA LUMPUR: Malaysia's central bank is expected to leave its benchamrk interest rate unchanged at a policy meeting on Thursday, a day after the country holds a general election, a Reuters poll showed.

Corporate News 10 May 2018 | 7:30 AM

Goodbye Malaysian cronyism, Hello Anwarnomics

ONLY 24 hours ago I was lamenting the Malaysian political system’s incapability to self-correct after a plunder as brazen as the alleged $4.5 billion looting of 1MDB, a state investment firm. The voters proved me wrong.

Economy 11 May 2018 | 2:02 AM

Malaysia's new leaders need to be as bold as voters

QUITE unexpectedly, Malaysians just voted out their ruling party for the first time since independence in 1957. They voted for change, and that’s what their new leaders need to deliver.

Business 16 May 2018 | 12:00 AM

Glass Lewis joins Elliott in opposing Hyundai merger

NEW YORK: A big proxy adviser joined Elliott Management Corp in opposing an US$8.8bil deal between two Hyundai Motor Group units, complicating the automotive giant’s ability to get shareholders to vote for an overhaul that may help the chairman pass on control of the South Korean conglomerate to his son.

Corporate News 16 May 2018 | 3:48 AM

Singapore ready to extend further help to Malaysia on 1MDB probe

SINGAPORE: Singapore authorities are fully prepared to extend further assistance to their Malaysian counterparts on 1MDB-related transactions, the Commercial Affairs Department (CAD) and the Monetary Authority of Singapore (MAS) said in a statement on Wednesday morning.

Corporate News 16 May 2018 | 4:26 AM

Declassified Report on 1MDB shows funding anomalies

KUALA LUMPUR: A newly-declassified report on scandal-plagued Malaysia state fund 1MDB shows investigators expressed widespread concern about anomalies in its accounts, as Prime Minister Tun Dr Mahathir Mohamad accelerates efforts to reopen probes into the company and the actions of his predecessor.