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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.
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.
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.
The 2020 Forbes ranking, however, sees a drop in net worth
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.
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.
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.
PETALING JAYA: FGV Holdings Bhd’s potential disposal of part of its controlling stake in MSM Malaysia Holdings Bhd would only bode well for the group.