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British entrepreneur Mike Lynch among missing after luxury yacht sinks off Sicily

British entrepreneur Mike Lynch among missing after luxury yacht sinks off Sicily

Fifteen people escaped before it went down, including Mike Lynch's wife, Angela Bacares, who owned the boat, and a one-year-old girl.
Tue Aug 20 2024
Goldman Sachs CEO Solomon pays price of 1MDB scandal

Goldman Sachs CEO Solomon pays price of 1MDB scandal

Solomon will get a $10 million pay cut for the banks involvement in the 1MDB scandal. Goldman Sachs called its involvement in the scandal an "institutional failure".
Wed Jan 27 2021
Alphabet's unit discloses Snapchat investment

Alphabet's unit discloses Snapchat investment

Alphabet Inc's venture capital arm CapitalG disclosed an investment in Snapchat by adding the social networking firm's logo to a page on its investment portfolio website.
Sat Nov 05 2016
With huge London footprint, US banks gird for Brexit vote

With huge London footprint, US banks gird for Brexit vote

Amid the volatile atmosphere in Britain, the banks are outwardly keeping a straight face.
Tue Jun 21 2016
HSBC says to shut down India private banking business

HSBC says to shut down India private banking business

HSBC Holdings Plc is shutting its private banking unit in India, marking the exit of another foreign bank from the cut-throat wealth management business in Asia's third-largest economy.
Fri Nov 27 2015
China may tip world into recession, Morgan Stanley's Sharma says

China may tip world into recession, Morgan Stanley's Sharma says

China may soon have another thing to offer the world: a recession, Morgan Stanley's Ruchir Sharma says.
Tue Jul 14 2015
ISIS Malaysia's perspective of Budget 2025

ISIS Malaysia's perspective of Budget 2025

An excellent rakyat-centric budget under the overarching principle of a caring and humane economy.
Fri Oct 18 2024
Budget 2025: Record increase in STR, SARA aid initiatives

Budget 2025: Record increase in STR, SARA aid initiatives

The government will provide a significant boost to the Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA) initiatives next year.
Fri Oct 18 2024
Budget 2025: EPF contributions to be made mandatory for foreign workers – PM Anwar

Budget 2025: EPF contributions to be made mandatory for foreign workers – PM Anwar

The government plans to make it compulsory for all non-citizen workers to contribute to the Employees Provident Fund (EPF).
Fri Oct 18 2024
What policies to expect from Indonesia's new President Prabowo

What policies to expect from Indonesia's new President Prabowo

Prabowo will be open to foreign investment, his aide has said, such as by offering investors management of airports and sea ports.
Fri Oct 18 2024
Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS

Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS

The Women's Leadership Apprenticeship Program will be intensified as an effort to produce more female corporate personalities.
Fri Oct 18 2024
Israel sends more troops into north Gaza, deepens raid

Israel sends more troops into north Gaza, deepens raid

Residents of Jabalia in northern Gaza said Israeli tanks had reached the heart of the camp, using heavy air and ground fire.
Fri Oct 18 2024
Indonesia ramps up security ahead of Prabowo's inauguration

Indonesia ramps up security ahead of Prabowo's inauguration

Prabowo Subianto will be sworn in as Indonesia's president on Sunday with Vice President-elect, Gibran Rakabuming Raka, also taking office.
Fri Oct 18 2024
Immediate allocation of RM150 mil for local authorities, DID to tackle flash floods

Immediate allocation of RM150 mil for local authorities, DID to tackle flash floods

Datuk Seri Anwar Ibrahim said this allocation is intended to address the recent flash floods that hit the capital and several major towns.
Fri Oct 18 2024
Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM

Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM

Sabah and Sarawak continues to be prioritised under Budget 2025, with allocations of RM6.7 billion and RM5.9 billion respectively.
Fri Oct 18 2024
NFOF will be operational in November 2024 with funding of RM1 bil

NFOF will be operational in November 2024 with funding of RM1 bil

PM Anwar Ibrahim said NFOF will support venture capital fund managers to invest in startup companies with RM300 million set aside for 2025.
Fri Oct 18 2024