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Fortunes lost, fortunes made
THE outbreak of the Covid-19 pandemic in 2020 has delivered a brutal hand to the country’s economy, bringing unprecedented challenges to the general public and corporate sector.
SF Holding to take over Kerry Logistics
HONG KONG: SF Holding Co Ltd, one of the largest Chinese package-delivery services, is seeking to acquire control of tycoon Robert Kuok’s Kerry Logistics Network Ltd in a HK$17.6bil (US$2.3bil) deal, Bloomberg reported.
China's SF Holding to take over Kuok's Kerry Logistics for US$2.3b
HONG KONG: SF Holding Co., one of the largest Chinese package-delivery services, is seeking to acquire control of tycoon Robert Kuok’s Kerry Logistics Network Ltd. in a HK$17.6 billion ($2.3 billion) deal.
RHB Investment Bank chief set to join Kuok’s Group
KUALA LUMPUR: Billionaire Robert Kuok’s Kuok Group is hiring one of the top investment bankers in Malaysia to help oversee the conglomerate’s investments in South-East Asia, according to people with knowledge of the matter.
Temasek hires ex-Ikea sustainability head Howard
SINGAPORE: Temasek International Pte Ltd’s head of sustainability and stewardship group Robin Hu will leave his role at the end of this year, with some of his key functions taken over by Ikea’s former chief sustainability officer Steve Howard.
HK flagship newspaper cuts management pay, puts staff on unpaid leave
HONG KONG: Hong Kong's flagship English-language newspaper, the South China Morning Post, owned by Alibaba Group Holding Ltd, will cut senior management pay and ask staff to take unpaid leave for three weeks, a staff letter obtained by Reuters showed.
Five added to Malaysia rich list
The 2020 Forbes ranking, however, sees a drop in net worth
Slower economy, Covid-19 take toll on Malaysia’s 50 richest
KUALA LUMPUR: The combination of a slowing economy, Covid-19 coronavirus, weak ringgit and 10% slide in the FBM KLCI took a toll on Malaysia’s 50 richest, according to Forbes 50 Malaysia’s Richest list.
Asian shipping pioneer, Malaysian Frank Tsao, dies aged 94
SINGAPORE: Tan Sri Frank Tsao Wen-king (pic), the Shanghai-born entrepreneur who fled to Hong Kong amid the turmoil of the Chinese civil war and went on to build one of Asia’s biggest shipping empires, has died aged 94.
Maybulk narrows Q2 loss, expects freight rates to rise further
KUALA LUMPUR: Shipping company Malaysian Bulk Carriers Bhd (Maybulk), controlled by billionaire Robert Kuok, narrowed its losses in the second quarter ended June 30 on the back of rising freight rates.
