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More properties under receivership this year
Auctioneers are seeing an increasing trend of properties under receivership this year, as more owners are expected to have financial difficulty amid the continuing global financial crisis.
WHO raises swine flu alert level, signaling a global pandemic could be imminent
The Geneva-based World Health Organization on Wednesday raised its alert level for the fast-spreading swine flu to its next-to-highest notch, signaling a global pandemic could be imminent as the virus spread further and yielded its first death outside of Mexico.
Getting away with white collar crime
THOUGH much has been done to improve the awareness of corporate governance in Malaysia, the reality is that the lax enforcement of laws on directors and officials of listed companies in Malaysia remains a major setback. The most oft-cited observation is that hardly any director of a listed company has been put behind bars. In the words of one observer: 'White collar crime still seems to pay in Malaysia.'
Malaysia-Market factors to watch Friday Dec 30
KUALA LUMPUR: Following is a list of events in Malaysia as well as news stories and press reports which mayinfluence financial markets.
Tighter CCM enforcement
IF its press releases are anything to go by, then the Companies Commission of Malaysia (CCM) seems to have stepped up its enforcement activities lately. Between Feb 10 and March 12, the commission brought to court five cases of alleged offences under the Companies Act, and secured convictions for another eight cases.
Global forex market
Amid a short working week in conjunction with President’s Day, the dollar climbed 0.75% to 99.865, marking a near three-year high. The broad strength in the dollar was supported by demand for safe-haven assets in view of the coronavirus conundrum.
