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LONDON (Reuters) - BP has turned a corner after the Gulf of Mexico disaster, its chief executive said on Tuesday, predicting the British oil firm would now return to output and cashflow growth and rejecting calls for a fundamental restructuring of the group.
KUALA LUMPUR: 1Malaysia Development Berhad (1MDB) is experiencing “short term” cashflow problem with the ability to pay its debts, said Finance Minister II Datuk Seri Husni Hanadzlah.
PETALING JAYA: Mamak restaurants and other eateries are hoping in earnest for the government to come up with a comprehensive financial assistance plan for them in Budget 2021.
MEXICO CITY (Reuters) - President Nicolas Maduro is funneling cashflow from Venezuelan oil sales through Russian state energy giant Rosneft as he seeks to evade U.S. sanctions designed to oust him from power, according to sources and documents reviewed by Reuters.
PETALING JAYA: Former Treasury secretary-general Tan Sri Mohd Irwan Serigar Abdullah flatly dismissed allegations that RM18bil is “missing” from the collection of the Goods and Services Tax (GST) and instead claimed that all monies collected goes into the Federal Government’s consolidated funds.
IN CONJUNCTION with World's Children's Day, Hartamas Shopping Centre (HSC) and Yuber co-organised the Kids Marketplace over the weekend to help foster and increase the entrepreneurial spirit in children and teenagers.
THE mini budget to be announced tomorrow comes at a time of difficult world economic conditions. Prospects for 2009 remain uncertain. Across the region, countries like China, Taiwan, Japan and Singapore face declining industrial production and exports. The offshoot is that jobs are at risk.
PETALING JAYA: Poor corporate governance and internal controls within troubled 1MDB led to instances where management action and board decisions were not organised properly, said the Auditor-General in its executive summary of the 1MDB audit report.