Tag: profits

Christmas gift guide: Five Malaysian brands selling ethically conscious gifts for under RM100

christmas-gift-guide:-five-malaysian-brands-selling-ethically-conscious-gifts-for-under-rm100
PETALING JAYA, Dec. 15 -- 'Tis the season of giving so why not amp up the joy of the holidays and turn it into a chance to give back to the community? These Malaysian brands and social enterprises are selling unique gifts under RM100 for...

Wealth of US billionaires soars during pandemic

America's billionaires have seen their wealth rise by more than $1 trillion since the start of the coronavirus pandemic, according to a study Wednesday, fueling a debate about higher taxes on the rich. The collective wealth of the 651 billionaires in the United States soared...

Guan Eng calls for all parties to push Perikatan for automatic moratorium extension

guan-eng-calls-for-all-parties-to-push-perikatan-for-automatic-moratorium-extension
KUALA LUMPUR, Oct. 28 -- All political parties in Malaysia should collaborate and press the Perikatan Nasional (PN) government under Prime Minister Tan Sri Muhyiddin Yassin to extend the bank loan moratorium by another six months, said DAP secretary-general Lim Guan Eng. He said doing...

Goldman Sachs fined US$350 million in Hong Kong over 1MDB

goldman-sachs-fined-us$350-million-in-hong-kong-over-1mdb
Global financial titan Goldman Sachs was fined US$350 million by Hong Kong’s securities watchdog on Thursday for its role in the massive 1MDB Malaysian bribery scandal, the latest in a growing list of global punishments the firm faces. Goldman Sachs Asia — the Hong Kong-based...

Goldman Sachs to pay US $2.8bn over 1MDB scandal: report

goldman-sachs-to-pay-us-$2.8bn-over-1mdb-scandal:-report
Global financial titan Goldman Sachs is preparing to admit wrongdoing in the massive 1MDB Malaysian bribery scandal and pay the US government $2.8 billion, The Wall Street Journal reported Tuesday. The deal would end the criminal probe into the corruption case involving the Malaysian government’s...

Stephen Chow sued by ex-girlfriend for HKD70 million

stephen-chow-sued-by-ex-girlfriend-for-hkd70-million
Hong Kong actor Stephen Chow is being sued for HK$70 million (SGD12 million) by his former girlfriend Alice Yu. The reason for the suit was because Mr Chow did not pay the commission due to her from the sale of their luxury home and...

Changi Airport Group warns of “daunting” future as battle with Covid-19 has just begun

changi-airport-group-warns-of-“daunting”-future-as-battle-with-covid-19-has-just-begun
Singapore — The Changi Airport Group (CAG), saying in its 2019/2020 annual report that the battle with Covid-19 “has only just begun”, forecasts a “daunting” future for the industry. On May 10 this year, Changi Airport was voted the world’s best for 2020, making it...

Asian stocks mostly rise but virus, US election fears linger

asian-stocks-mostly-rise-but-virus,-us-election-fears-linger
Asian stocks rose Monday, tracking a healthy lead from Wall Street as bargain-buyers moved in following a recent sell-off, though advances were limited by worries about fresh virus spikes and the reimposition of economically damaging containment measures. Traders are also awaiting the first US presidential...

Malaysian ex-finance minister charged in graft case

by Sam Reeves Malaysia's ex-finance minister, now a key opposition figure, was charged with corruption Friday over a $1.5 billion construction project, the latest government critic to be targeted since a scandal-plagued party returned to power. Lim Guan Eng is the highest-profile figure yet to face...

Emirates Airline profits nearly triple in half-year

Emirates Airline, the largest carrier in the Middle East, on Thursday reported a 282-percent rise in half-year net profits, mainly thanks to a drop in operating costs and fuel prices. The result was a change of fortunes for the Dubai carrier, which for the full-year...
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