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Malaysian finance/business

Thousands of delegates, most of them apparently from India, have converged in Penang for a large but low-profile direct selling convention at the Spice conference centre in Penang. The main organiser of the convention is QNet, a direct selling or...
Long before the Mongolian case, we had the BMF scandal. Bumiputra Malaysia Finance auditor Jalil Ibrahim was assigned to investigate dubious loans to the Carrian Group in Hong Kong. He was strangled to death in a Hong Kong hotel...
This is something I wrote on 7 August 2011, for your information: Cadangan S P Setia untuk mengambil-alih 40 peratus baki saham dalam KL Eco City dari Yayasan Gerakbakti Kebangsaaan (YGK) dengan nilai RM75 juta telah menimbulkan beberapa soalan.  S P...
Our 'favourite' millionaire, Low Taek Jho, was spotted partying with Paris Hilton in Saint-Tropez in south-eastern France. Party time! - Photo source: Celebutopia forum Check out a couple of pictures from the BZ Berlin website here. And have a peek...
So a special audit of Transmile Group has discovered that its revenue for 2005 and 2006 may have been overstated by over RM500 million ringgit. Gulp! Let me say that again s-l-o-w-l-y: over RM500 million. And its pre-tax profit for...
Meet Haris Onn, the brother of Hishammuddin Hussein. Hishammuddin is reported as saying, "I tell you the truth, I don’t know what my brother is doing," in response to a report that appeared in the Sydney Morning Herald. So I thought...
Another massive land reclamation project has received approval in principle from the Penang state government. This time it is Eastern and Oriental (E&O) Bhd's plan to reclaim an additional 740 acres in Tanjong Tokong under Phase 2 of the...
I think Proton has some explaining to do. It sold MV Augusta for 1 euro after buying it for RM368 million. Now look at this - AP reports on 11 July the following: Harley-Davidson Inc. said Friday it will buy...
This news will cause some anxiety: MBI International Sdn Bhd and Mface International Sdn Bhd, large entities heavily involved in Penang and elsewhere, have been finally included in Bank Negara's latest list of 302 "known companies and websites which...
Let's take a quick look at the latest status of 1MDB, which appears laden with debt of RM8.4bn as at 31 March 2012 plus a reported additional RM22.7bn since then to finance the acquisition of power assets among other...

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