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Tupperware cancels auction, agrees to lender takeover

Tupperware cancels auction, agrees to lender takeover

Tupperware Brands agreed to sell its business to a group of lenders for $23.5 million in cash and over $63 million in debt relief.
Wed Oct 23 2024
Peninsula loan shark engages Sibu gang for debt recovery

Peninsula loan shark engages Sibu gang for debt recovery

Police exposed the operations of unlicensed money lenders who employed a local group to use violent tactics in debt collection.
Wed Sep 27 2023
Four men charged with criminal intimidation, committing mischief against borrowers

Four men charged with criminal intimidation, committing mischief against borrowers

Four men appeared on charges of criminal intimidation, wrongful confinement and committing mischief against 11 borrowers of money from illegal money lenders or 'Ah Long'.
Fri Sep 09 2022
Musk told banks he will rein in Twitter pay, make money from tweets - Sources

Musk told banks he will rein in Twitter pay, make money from tweets - Sources

Musk made the pitch to the lenders as he tried to secure debt for the buyout days after submitting his offer to Twitter on April 14.
Fri Apr 29 2022
Sri Lanka calls for $1 bln debt restructure as crisis rages

Sri Lanka calls for $1 bln debt restructure as crisis rages

Sri Lanka must urgently seek funds from multilateral lenders and aim to restructure a debt payment due in July, the finance minister said.
Fri Apr 08 2022
Bukit Aman receive info on loan sharks targeting flood victims

Bukit Aman receive info on loan sharks targeting flood victims

Bukit Aman's Commercial Crime Investigation Department has received information about unlicensed money lenders approaching flood victims to offer loans.
Mon Dec 27 2021
Malaysia's AirAsia Group wins approval for $120 million govt-guaranteed loan

Malaysia's AirAsia Group wins approval for $120 million govt-guaranteed loan

The loan, disbursed as part of a COVID-19 economic stimulus package from the government, has been approved by the airline's lenders.
Tue Oct 05 2021
IMF urged to create new trust to bolster work on climate resilience

IMF urged to create new trust to bolster work on climate resilience

The issue will be a big topic when IMF member countries meet during the global lender's fall meetings later this month.
Mon Oct 04 2021
Apple's potential 'buy now, pay later' plan sends sector tumbling

Apple's potential 'buy now, pay later' plan sends sector tumbling

The US tech giant will use Goldman Sachs, its partner since 2019 for the Apple Card credit card, as the lender for the loans.
Wed Jul 14 2021
Deutsche Bank will not do future business with Trump: NYT

Deutsche Bank will not do future business with Trump: NYT

Deutsche Bank is Trump's most important lender, with about $340 million in loans outstanding to the Trump Organisation.
Tue Jan 12 2021
Sukuk Prihatin a good idea, avoids borrowing from external banks  - DON

Sukuk Prihatin a good idea, avoids borrowing from external banks - DON

The Sukuk Prihatin programme, which is open to Malaysians aged 18 years and above, enables the government to avoid borrowing from commercial lenders, especially from external banks.
Wed Aug 19 2020
Vietnam arrests former CEO of PetroVietnam Oil Corp for 'abusing power'

Vietnam arrests former CEO of PetroVietnam Oil Corp for 'abusing power'

Nguyen Xuan Son was arrested for alleged involvement in siphoning the interest earned from PetroVietnam's account with domestic lender Ocean Bank.
Thu Apr 09 2020
Fleet Footed Banking Behemoth Moving Ahead in the Digital Age

Fleet Footed Banking Behemoth Moving Ahead in the Digital Age

Old-fashioned banking ways are out the window as Malaysias largest lender Maybank sets winning human resources policies to recruit and retain millennials.
Wed Apr 10 2019
Mohd Radzif leaves SME Bank

Mohd Radzif leaves SME Bank

He joined the bank in July 2010. Prior to that, he was the Chief Executive Officer (CEO) of the National Heart Institute from 2003 to 2010. From 2001 to 2003, he was the CEO of TH Properties.
Fri Jun 23 2017
Special committee to address loan sharks woes needed urgently - PPIM

Special committee to address loan sharks woes needed urgently - PPIM

A special committee to address the issue of unlicensed money lenders or ah long needed to be formed urgently, said Muslim Consumers Association of Malaysia (PPIM) head activist Datuk Nadzim Johan.
Thu Apr 20 2017
'No one will win a trade war,' China says after Trump tariff threat

'No one will win a trade war,' China says after Trump tariff threat

Donald Trump says he would impose the tariffs until China stops the flow of illegal drugs, particularly fentanyl, into the United States.
Tue Nov 26 2024
What has caused Pakistan's deadly clashes between police and supporters of Imran Khan?

What has caused Pakistan's deadly clashes between police and supporters of Imran Khan?

Topping the demands of Khan's Pakistan Tehreek-e-Insaf (PTI) party is the release of all its leaders, including Khan, who has been jailed on a series of corruption charges since August 2023.
Tue Nov 26 2024
One woman or girl killed every 10 minutes by intimate partner or family member - UN

One woman or girl killed every 10 minutes by intimate partner or family member - UN

The report highlights that "60 per cent of all female homicides" are committed by "people closely related to them".
Tue Nov 26 2024
Sweden urges Chinese ship to return for undersea cable investigation

Sweden urges Chinese ship to return for undersea cable investigation

Two subsea cables, one linking Finland and Germany and the other connecting Sweden to Lithuania, were damaged in less than 24 hours.
Tue Nov 26 2024
[COLUMNIST] Building more highways won’t solve traffic congestion - reducing demand will

[COLUMNIST] Building more highways won’t solve traffic congestion - reducing demand will

It is clear that adding more lanes and highways doesn't work, because we are still attempting the same approach to solve the issue.
Tue Nov 26 2024
Hyundai to invest RM2.16 bil in Malaysia through strategic partnership with INOKOM

Hyundai to invest RM2.16 bil in Malaysia through strategic partnership with INOKOM

This investment includes efforts to upgrade INOKOM's existing assembly capacity to meet Hyundai's automotive needs.
Tue Nov 26 2024
‘C4Cinta’ sets record as highest-grossing Malaysian Tamil film

‘C4Cinta’ sets record as highest-grossing Malaysian Tamil film

'C4Cinta', directed by young filmmaker Karthik Shamalan, has set a new benchmark in Malaysian Tamil cinema.
Tue Nov 26 2024
Man charged with mother's murder, storing body in freezer

Man charged with mother's murder, storing body in freezer

The court denied bail and scheduled case mention on Feb 7 for the submission of forensic, autopsy, and chemist reports.
Tue Nov 26 2024
Abolition of examination in schools to reduce pressure on pupils - Fadhlina

Abolition of examination in schools to reduce pressure on pupils - Fadhlina

The classroom assessment approach offers a much more interesting learning ecosystem, says Fadhlina Sidek.
Tue Nov 26 2024
Google, Meta urge Australia to delay bill on social media ban for children

Google, Meta urge Australia to delay bill on social media ban for children

Google and Meta says the government should wait for the results of an age-verification trial before going ahead.
Tue Nov 26 2024