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The High Court has found Goh Jin Hian, a former director of insolvent marine fuel supplier Inter-Pacific Petroleum (IPP), liable for breach of director’s duties, statutory duties and losses suffered by the firm amounting to US$146 million (S$196 million) plus interest.
Goh is considering an appeal against the judgment. Read more at straitstimes.com.
A letter written to Dr Mahathir Mohamad by a former UMNO Supreme Council member (late) Marina Yusoff, dated 14th April 1987, is now widely circulated on social media, including Facebook and WhatsApp. M.Krishnamoorthy She opened the letter by saying: “As I have not succeed
The local banking sector will further intensify vigilant fraud prevention measures going forward to help safeguard customers’ financial well being, say two banking associations.
SINGAPORE/KUALA LUMPUR (Reuters) -Malaysia is expected to name Ahmad Zulqarnain Onn, group CEO of the country's largest asset manager Permodalan Nasional Berhad (PNB), as the head of its biggest state pension fund, three people familiar with the matter said. The appointment will fill the role left vacant after Prime Minister Anwar Ibrahim in December named Amir Hamzah Azizan, the previous CEO of the Employees Provident Fund (EPF), as second finance minister in a cabinet reshuffle. Ahmad Zulqarnain's appointment is expected to be announced as early as at the end of January, two of t...