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SOUTHFIELD: General Motors Co. executives had laid the groundwork for a new labour agreement with the United Auto Workers union in September 2015. The company had met most of the union’s demands with a proposal that would have boosted pay and benefits by almost $1 billion over four years.
PETALING JAYA: The rubber glove sector will see a better performance next year as the demand and supply situation in the market is starting to see a balance.
CORRUPTION is a disease that has torn nations apart and a cancer that can destroy societies if it is not tackled head-on.
KUALA LUMPUR: Building greater trust and transparency will be the main focus in raising professional and ethical standards of bankers to prepare them to combat financial crime
WASHINGTON: The U.S. Justice Department is close to a deal with fugitive financier Jho Low to recover almost $1 billion that was misappropriated from Malaysian investment fund 1MDB, Bloomberg reported on Wednesday, citing a source familiar with the matter.
GOLDMAN Sachs Group Inc should take the opportunity to settle its legal case with Malaysia and put the 1MDB scandal to bed.
GOLDMAN Sachs Group Inc. should take the opportunity to settle its legal case with Malaysia and put the 1MDB scandal to bed.
KUALA LUMPUR: Petronas is a success story well beyond Malaysia's shores but one with global footprints.
Over the past few decades, Malaysia’s image has been plagued by issues of corruption with the country losing almost RM1.8 trillion in a span of 10 years (2004 – 2014).
MANHATTAN: Former Credit Suisse Group AG banker Andrew Pearse told a jury in Brooklyn, New York, that he pocketed at least US$45mil in illicit payments for his role in the arrangement of loans worth US$2bil to companies in Mozambique.