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The collapse of fintech darling Wirecard AG into insolvency proceedings is a total embarrassment for Germany, whose regulatory apparatus and corporate-governance system failed to properly scrutinise the company’s accounting practices even as red flags kept being waved.
BANGKOK: Thailand’s plan to target high-spending foreigners to kick-start its travel sector has a green light after winning Cabinet approval and additional support from the nation’s aviation regulator.
KUALA LUMPUR: Bank Negara is expected to cut interest rates to a historic low next week, according to a slim majority in a Reuters poll, as it seeks to protect Malaysia’s economy from the fallout of the coronavirus pandemic.
LAST week, the Finance Minister was quoted as saying that the country’s debt to GDP level could hit the 55% mark by year-end from the current 52% level.
KUALA LUMPUR: The 12th Malaysia Plan (12MP), which is scheduled to be tabled on on Aug 6, has been postponed to January next year to enable the government to undertake a review following the effects on global economy brought on by Covid-19 pandemic.
KUALA LUMPUR: ASEAN post-pandemic recovery is an opportunity for the region to recalibrate its growth trajectory to become more resilient, digitally-enabled, inclusive, and sustainable, said the regional grouping’s secretary-general Datuk Lim Jock Hoi.
GROWING your own food has always fascinated Abdul Munaf since his exposure to basic farming back in his school days at Maktab Sultan Abu Bakar in Johor.
FOR 35-year-old Sam, who works as an engineer in the aviation sector, the past few months have been distressing to say the least.