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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.
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.
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.
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.
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.
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.
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.
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.
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.
Saudis hunting for deals plan to meet Amazon, Apple, Google
THE delegation of hundreds of Saudis that’s descended on the United States for three weeks will meet executives from Amazon, Apple, Google, Pfizer and other companies as they hunt for foreign investment.