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AMMB Holdings Bhd’s move to dispose of its wholly-owned Singapore-based stockbroking arm, AmFraser Securities Pte Ltd, is seen as non-core asset divestment and is expected to have immaterial impact on the group despite the provision made due penny stock debacle that rocked the Singapore Stock Exchange (SGX) last year, says group managing director Ashok Ramamurthy.
PETALING JAYA: As Selangor braces for more dry days ahead, former state executive councillor Ronnie Liu trained his guns on Tan Sri Khalid Ibrahim, accusing the Mentri Besar of being negligent and questioning the haste in which he agreed to the Langat 2 project.
Against the backdrop of potential general elections, the ruling government and the Opposition both attempted to win the faith of Malaysias people.