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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.
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.
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.'
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.