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HONG KONG: Toshiba Corp's years-long practice of inflating its profits has raised questions among accounting experts about whether low fees paid by Japan-listed companies to their auditors mean they do not spend enough time scrutinizing company accounts.
KUALA LUMPUR: MalaysiaKini stands by its articles on the Raub gold mine controversy, even though it lacked a scientific basis or confirmation by regulatory bodies, its editor-in-chief told the High Court here.
KUALA LUMPUR: Hong Kong-listed Nirvana Asia Ltd has entered into an agreement to acquire a cemetery operator in Vietnam, marking its first foray into the country.
KUALA LUMPUR: Bonds issued by the power generating companies account for 39% of Malaysia’s RM239bil of infrastructure bond issues in the last decade, says RAM Rating Services.
KUALA LUMPUR: The Minister of International Trade and Industry (MITI) has urged all Malaysians to keep an open mind on the Trans Pacific Partnership Agreement (TPPA).
PETALING JAYA: Maintenance works at the KL International Airport 2 (KLIA2) is on-going, according to Malaysia Airports Holdings Bhd (MAHB), but is expected to ‘taper off’ to a minimum level over the next five years. MAHB also ruled out the suggestion to move back to the Low Cost Carrier Terminal (LCCT).
SINGAPORE/KUALA LUMPUR: AirAsia Bhd has hired investment banks Credit Suisse and CIMB to help the Malaysia-based budget airline raise at least US$200mil (RM762.8mil) in convertible bonds at its Indonesian and Philippine associates, people familiar with the deal said.