Category: Malaysian finance/business

Party boy Jho Low has an appetite for New York real estate

While Penang’s squash queen Nicol David has put Malaysia on the map in sports, another Penangite is carving a name for himself in real estate deals in New York. Only problem is the media coverage has not drenched his exploits with much glory.  Oh, what a tangled business and real estate web he has spun … Check out this New York Times expose and note Jho Low’s reported brief meeting with Najib.

 

 

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Shocking images reveal extent of deforestation

Are you surprised by the floods in the East Coast and Sarawak? Don’t be. Apart from climate change resulting in almost double the rainfall in December in the East Coast, the extent of deforestation is breathtaking in its sheer audacity.

Take a look at the video above and the photograph in the front page of theSun, reproduced below:

Where have all our forests gone?

Where have all our forests gone?

(more…)

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US law firms file class action suits against MOL Global Inc

Remember how MOLPay recently wrote to Zunar saying it was being asked to furnish details of the customers of his online transactions to the police?

All of a sudden, MOL has bigger problems than a pesky popular cartoonist:

MOL Global Inc - Nasdaq share price chart

MOL Global Inc – Nasdaq share price chart

Now, MOLPay is a payments solution for online merchants that comes under MOL Global Inc, whose headquarters are in KL.

Vincent Tan is the single largest shareholder (according to The Star) with a 45 per cent stake. (more…)

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