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Business

HKEx includes Labuan as jurisdiction

KUALA LUMPUR: The Hong Kong Stock Exchange (HKEx) now recognises Labuan IBFC as an acceptable jurisdiction for listing on both its Main Board and Growth Enterprise Market (GEM).

Business

PIDM's jurisdiction to expand

KUALA LUMPUR: The Malaysia Deposit Insurance Corp (PIDM) is expanding its role from covering bank depositors to include policy holders of insurance and takaful schemes by establishing an insurance compensation scheme.

Business

Scomi unit re-domiciled

PETALING JAYA: Scomi Group Bhd indirect subsidiary Scomi Oiltools (Africa) Ltd has been re-domiciled from its original jurisdiction of incorporation in Jersey to another jurisdiction of incorporation in Cayman Islands.

Business

Labuan set to be mature financial centre

KUALA LUMPUR: Labuan International Business and Financial Centre (Labuan IBFC) is targeting 20% growth in the number of companies incorporated in the jurisdiction this year versus 2009.

Business

Labuan IBFC set to be more competitive with new laws

KUALA LUMPUR: Labuan International Business and Financial Centre (Labuan IBFC) is expected to be more competitive in the international financial arena with the enactment of new laws governing the jurisdiction effective Feb 11.

Business

Proton defends itself in legal suit

PROTON Holdings Bhd on Friday defended its position in a legal suit with its previous partner in China, saying the arbitration tribunal has rejected Goldstar Heavy Industrial's claim that a court in China has jurisdiction over the arbitration matter.

Markets

Mida Frankfurt optimistic of 2017 investment prospects

FRANKFURT: The Frankfurt office of the Malaysian Investment Development Authority (Mida) is optimistic about its prospects in attracting foreign direct investment (FDI) to Malaysia from the four countries under its jurisdiction this year.

Business

Argentina concedes creditors do not want in on bond swap

BUENOS AIRES: A majority of Argentina's creditors are opposed to their bonds being moved to a new jurisdiction under a government proposal that would sidestep a US court ruling that toppled it into default, the country's economy minister said on Tuesday.

Business

HK regulator fails to halt trading of Tiger Asia

HONG KONG: A Hong Kong court ruled yesterday that it does not have the jurisdiction to determine whether New York-based hedge fund Tiger Asia engaged in insider dealing, thwarting the market regulator's attempt to ban the fund from trading securities or derivatives listed in the city.