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Yes Bank to float asset reconstruction company, invites bids from investors

"The prospective investor would be the lead partner/sponsor of the ARC, with the bank as the other significant partner/sponsor, for conducting the business of asset reconstruction," as per the EOI. ....

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Serba's stock takes a dive as half its board resigns


Filings with Bursa Malaysia yesterday showed that five of its independent and non-executive directors have resigned, with four of them stating their disagreement over Serba Dinamik’s decision on Wednesday to take legal action against its former external auditors as their reasons for leaving.
lost almost half of its board members in the latest twist to the company’s rapid fall from grace. The stock plunged 23% to a new low yesterday.
Filings with Bursa Malaysia yesterday showed that five of its independent and non-executive directors have resigned, with four of them stating their disagreement over Serba Dinamik’s decision on Wednesday to take legal action against its former external auditors as their reasons for leaving. ....

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Covid-19 treatment cost to fall as GST rates cut

The new rates will be applicable for a limited period – until September. The reduction, which will include medicines, such as remdesivir and tocilizumab apart from black fungus drug Amphotericin B, will translate into lower prices for patients who have been hit by the deadly virus. ....

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