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Active politicians on board of statutory bodies and GLCs with big capex and large assets bring more harm than good
KUALA LUMPUR: Allianz Malaysia Bhd has confirmed news reports that its CEO, Zakri Khir, has resigned as chairman of the Social Security Organisation (Socso).
PETALING JAYA: Opinion is divided on whether the government should help all airlines or be selective even though support is critical during the Covid-19 pandemic
THE phrases: “What you see is not what I get”, “it is a mirage” and “quantitative sleight” have been commonly bandied around by head-honchos to describe sensationalised news surrounding their remuneration packages. Every time the spotlight shines on the astronomical remuneration of managing directors or chief executive officers (CEOs) with hard-hitting questions on the quantum awarded when their companies are loss-making, these views are met with the typical retort that the figures have been taken out of context.
THE government announced a six-month moratorium yesterday on repaying loans taken by individuals and SMEs. For corporate customers, banks will be encouraged to grant a request for a moratorium on repaying loans.
SINGAPORE: South-East Asian ride-hailing giant Gojek has raised US$1.2bil for expansion, defying tech-sector turbulence and the coronavirus (Covid-19) pandemic to secure funds to take on Grab Holdings Inc.
SINGAPORE: Southeast Asian ride-hailing giant Gojek has raised $1.2 billion for expansion, defying tech-sector turbulence and the coronavirus pandemic to secure funds to take on Grab Holdings Inc.
Warren Buffett's Berkshire Hathaway Inc said on Friday that former American Express Co Chief Executive Officer Kenneth Chenault has been nominated to the conglomerate's board of directors, replacing Microsoft Corp co-founder Bill Gates.
NEW YORK: JPMorgan Chase & Co CEO and Chairman Jamie Dimon is recovering from emergency heart surgery done on Thursday morning, with two deputies taking over as he recuperates, the largest U.S. bank said.