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Shocked by the purported accounting irregularity at Transmile Group Bhd, Khazanah Nasional Bhd has ordered an inquiry into the air-cargo operator. Khazanah unit, Pos Malaysia, is the second largest investor in Transmile after Malaysia's richest man, Robert Kuok.
Sugar King Tan Sri Robert Kuok Hock Nien remains the richest Malaysian, ahead by a wide margin from closest rival T. Ananda Krishnan, according to Malaysian Business magazine's list of 40 Richest Malaysians.
Berjaya Corporation Bhd chairman and chief executive officer Tan Sri Vincent Tan Chee Yioun has joined Malaysia's billionaires' club with a net worth of nearly US$1.3bil (RM4.17bil), according to the latest ranking by Forbes Asia.
Come March, Deputy Prime Minister Datuk Seri Najib Razak will take over from Datuk Seri Abdullah Ahmad Badawi as Malaysia's sixth Prime Minister. And that change will bring along with it some questions. How will the leadership change affect business? Who will rise to prominence and who will fade away?