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…)


Quick poll: Do you think the Sedition Act should be retained?

This polls ends at 5.00pm today.

Here’s is the reformist Najib speaking:

And the ultimate ‘gostan’.

What a letdown.

Blog reader Ed G writes:

The ISA was enacted in 1960 after Malayan independence. The then Prime Minister of Malaysia, Tunku Abdul Rahman, defined the purpose of the act as to “be used solely against the communists… My Cabinet colleagues and I gave a solemn promise to Parliament and the nation that the immense powers given to the government under the ISA would never be used to stifle legitimate opposition and silence lawful dissent”. (more…)