Directors’ duties with respect to financial statements

In 2011, in the case of Australian Securities and Investments Commission v Healy & Ors, the Federal Court of Australia delivered an important ruling and laid down important principles of law on the standard of care for th...

My Say: Court rulings on chairperson’s and directors’ duties raise cautions for holders of these posts

Despite global economic turbulence, Asia-Pacific (Apac) is projected to account for 60% of global gross domestic product (GDP) growth in 2024. This optimism isn’t unfounded — it’s rooted in the tangible growth that countries within the region are making, with Malaysia being a prime example. Since...

Growing Champions: Your organisation needs a better business building strategy

Technology has become deeply integrated in our daily lives, altering companies, economies, and the ways we teach and learn. In the field of education, continual technology breakthroughs provide unprecedented opportunity to increase accessibility, participation, and effectiveness.

Allow technologies to shape our education

The Competition Act 2010 prohibits anti-competitive agreements between businesses that could prevent, restrict, or distort competition in any market for goods or services. This includes anti-competitive agreements related to price fixing, market sharing, bid rigging and attempts to restrict or co...

My Say: Competition laws do more than you think

The global food price crisis in 2022 and 2023 was exacerbated by the sheer unavailability of some food items, principally grains, as climate change, the Russian attack on Ukraine and, generally, an agriculture community just starting to plant again after the Covid-19 lockdowns.

The thre...

My Say: A national think tank for agriculture

The year 2024 is a stressful one for all asset managers, except for those who invested in the US and Japan markets, they had it good. Whereas those who invested in other markets had modest returns, except China and Hong Kong that continue to disappoint. Last month, gold prices briefly touched US$...

Condivergence: Asset allocation in times of change

Around the world, populist nationalism is on the rise, often shepherded to power by authoritarian leaders. And yet the neoliberal orthodoxy — government downsizing, tax cuts, and deregulation — that took hold some 40 years ago in the West was supposed to strengthen democracy, not weaken it. What ...

Unconventional Economic Wisdom: Global elections in the shadow of neoliberalism

With a rapid demographic transformation underway, Malaysia stands at the threshold of a pivotal era marked by heightened public spending to effectively address the profound implications of its ageing population. Chief among these challenges is the surging demand for healthcare services, propelled...

My Say: Resurrecting GST: The case for a comeback

In thinking about the future of technology in Malaysia, post the KL20 event in Kuala Lumpur in April, it is worth revisiting a pivotal moment in technology history. In 1987, Microsoft Corp’s MS-DOS operating system was coming to the end of its natural life cycle. Given the explosive growth in per...

My Say: KL20 and the need for accepting failure

Late last year, a Chinese carrier accidentally sold flight tickets at about US$1.30 each during a two-hour technical glitch in its mobile phone app and some ticket booking platforms. Naturally, consumers started sharing the great deal on social media until the airline company rectified the glitch.

Coffee Break: A matter of honour?

Prime Minister Datuk Seri Anwar Ibrahim on Labour Day announced a pay rise for civil servants, ensuring the public staff’s monthly salary will not be less than RM2,000 starting this December.

According to Anwar, who is also the finance minister, the overall minimum pay of civil servants...

Frankly Speaking: Funding the civil servant pay hike and higher pension

On the face of it, QSR Brands (M) Holdings Bhd is suffering because of the boycott of US-based food franchises, resulting in its suspending operations of more than 100 KFC restaurants.

Frankly Speaking: Is KFC seizing an opportunity?

The Ministry of Investment, Trade and Industry (Miti) must be congratulated for bringing in US$2.2 billion (RM10.4 billion) in investments from Microsoft Corp, the tech giant’s largest outlay ever in its 32-year history in Malaysia.

Frankly Speaking: No resting on laurels for Miti

Moneylending is a high-margin, high-risk business. Margins can easily go up to 50% or more, depending on the clientele. However, the risk is extremely high, especially for non-bank firms.

Frankly Speaking: Apex Equity’s moneylending business under scrutiny

It will be an eventful week for economic observers both locally and globally, as Bank Negara Malaysia is set to announce growth figures in the first quarter of 2024 (1Q2024) on May 17, while the US Bureau of Labour Statistics will release the consumer price index (CPI) for April on May 15.

The Week Ahead: Malaysia’s 1Q GDP, US CPI data in focus

Soybean oil futures surged by the most since July as traders bet that Chinese used cooking oil may be included on the list of tariffs expected to be announced by the US.

Soyoil jumps on bets US tariffs to include Chinese cooking oil

No major app developers have signed up to use outside payment options that Apple Inc introduced earlier this year for its App Store because the fees they pay would be at least as high as they were before, according to testimony presented to a federal judge.

Apple says no major app developers accept new outside payments

A total of 18 polling centres with 74 voting streams for the Kuala Kubu Baharu state by-election opened simultaneously at 8am on Saturday.

Eighteen polling centres open at 8am for Kuala Kubu Baharu by-election

A rally in global equity markets lifted stocks in Europe to record highs on Friday amid strong corporate earnings and hopes central bank interest rate cuts are near, while the dollar edged higher despite signs of slowing US economic growth.

Global stocks rally, Europe at record highs, dollar gains

Prime Minister Datuk Seri Anwar Ibrahim has urged Sime Darby Plantation Bhd (KL:SIMEPLT) to be a supporter and pioneer of the government's efforts to reduce dependency on foreign labour in the plantation sector.

PM urges Sime Darby Plantation to pioneer less reliance on foreign labour

Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.

Awantec, InNature, Paramount, Eco World International, Mi Technovation, MAA, KNM, Pharmaniaga, Jiankun, Nova MSC, Sarawak Cable

Jiankun International Bhd (KL:JIANKUN) has redesignated its president Datuk Saiful Nizam Mohd Yusoff as non-independent and non-executive chairman, effective Friday.

Jiankun redesignates Zahid’s son-in-law Saiful Nizam as chairman 

KUALA LUMPUR (May 10): Bursa Malaysia Bhd expects strong equities market performance in 2024, attributed to positive news on foreign direct investment (FDI), notably Microsoft’s US$2.2 billion investment in a cloud and AI hub.

Bursa sees equities market strengthening in 2024 on FDI inflows; optimistic of hitting IPO targets

Sarawak Cable Bhd says it has identified "a strong alternative party" who is interested in spearheading a resuscitation plan for the group, after its plan to regularise its financials with the help of UK-based Serendib Capital Ltd fell through.

Sarawak Cable says it has 'strong' backup after losing Serendib Capital as white knight

Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.

Prime Minister Datuk Seri Anwar Ibrahim has urged Sime Darby Plantation Bhd (KL:SIMEPLT) to be a supporter and pioneer of the government's efforts to reduce dependency on foreign labour in the plantation sector.

A rally in&nbsp;global&nbsp;equity&nbsp;markets&nbsp;lifted stocks in Europe to record highs on Friday amid strong corporate earnings and hopes central bank interest rate cuts are near, while the dollar edged higher despite signs of slowing US&nbsp;economic growth.

It will be an eventful week for economic observers both locally and globally, as Bank Negara Malaysia is set to announce growth figures in the first quarter of 2024 (1Q2024) on May 17, while the US Bureau of Labour Statistics will release the consumer price index (CPI) for April on May 15.

A total of&nbsp;18 polling centres with 74 voting streams for the Kuala Kubu Baharu&nbsp;state by-election opened simultaneously at&nbsp;8am on Saturday.

No major app developers have signed up to use outside payment options that Apple Inc&nbsp;introduced earlier this year for its App Store because the fees they pay would be at least as high as they were before, according to testimony presented to a federal judge.

Soybean oil futures surged by the most since July as traders bet that Chinese used cooking oil may be included on the list of&nbsp;tariffs&nbsp;expected to be announced by the US.

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