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Corporate News

Highlights of Australia's bank inquiry

SYDNEY: The inquiry into misconduct in Australia’s finance industry released its final report in Canberra on Monday.

Business

Swift to help Bangladesh Bank rebuild network after cyber heist

NEW DELHI: International payments network Swift said it had signed an agreement with Bangladesh’s central bank to help it rebuild its infrastructure after hackers used it to steal US$81mil in 2016 in the world’s biggest cyber heist.

Commodities Premium

Getting to grips with the labour shortage problem

BELOW are excerpts from the exclusive interview with Primary Industries Minister Teresa Kok:

Business

UK can avoid US$1.5bil tax bill on no-deal Brexit

Time running out for EU to recoup the money from UK-based firms

Business

The responsive government

MY article, “Patronage is king?” (The Star, Jan 12), has elicited much response from those associated with the Pakatan Harapan government.

Corporate News

Fed probes Deutsche Bank over suspicious Danske cash

WASHINGTON: The Federal Reserve is examining how Deutsche Bank AG handled billions of US dollars in suspicious transactions from Denmark’s leading lender, according to people familiar with the matter, further intensifying what could be one of the biggest money-laundering scandals ever.

Business

Golden Investments fails to win bid for Stanmore Coal

MELBOURNE: Singapore’s Golden Invest-ments said it will seek a board position at Australia’s Stanmore Coal Ltd as its biggest shareholder, despite the failure of a A$240mil (US$171mil) takeover bid.

Cryptocurrency

Inching closer to crypto sanity

SOME firm announcements on regulating the crypto space came about last week.

Corporate News

Unconscionable for banks to seek refuge behind exclusion clauses

In April 2008, a British couple living in the United Kingdom obtained a loan facility of RM715,487 to finance the purchase of their property in Malaysia. It was a term of the loan facility that the bank would make progressive payments to the developer against certificates of completion issued by the architect at each progress billing.

Business

Patronage is king?

WHEN Tun Dr Mahathir Mohamad led the opposition to a stunning election victory, he had an effective rallying cry that reflected why Umno’s form of governance was problematic: “Cash is king!” If Dr Mahathir is not careful, worrying recent trends indicate a similarly disconcerting problem about Pakatan Harapan’s government: “Patronage is king!”