The charge further stated that the brothers had allegedly registered the car under Dino’s name without the resolution of the board. ;Brian Ng Shih Chiow (Photo credit: Revenue Group Bhd)Dino Ng Shih Fang (Photo credit: Revenue Group Bhd)The charge was framed under Section 403 of the Penal Code and is punishable under the same Act. He also alluded to this group called the “corporate mafia” which is allegedly planning a hostile takeover of the company, which is the reason the brothers were charged. “Even the media carried out news report known as ‘corporate mafia’ to do a hostile takeover; now they’re (the brothers are) under attack,” Hamzah said. Hamzah alleged that the “corporate mafia” had made the report against the brothers at the MACC.

KUALA LUMPUR: Petroliam Nasional Bhd (PETRONAS) reported record-breaking profit after tax (PAT) of RM101.6bil in the financial year ended Dec 31, 2022 (FY22), on the back of higher crude oil prices. The PAT nearly doubled from RM50.9bil a year earlier, enabling the national oil company to deliver a dividend of RM50bil to the federal government - its sole shareholder. With Brent grade crude oil price averaging US$101.32 per barrel in 2022, some 43% higher than 2021, PETRONAS’ revenue increased by 51% year-on-year to RM375.3bil. The average Brent crude oil price in 2021 was US$70.91 per barrel. ALSO READ: Petronas posts higher Q4 profit, sees lower oil prices in 2023Moving forward, PETRONAS president and group CEO Datuk Tengku Muhammad Taufik said the group will continue to exercise prudent financial management and firm discipline in reinvesting.

KUALA LUMPUR (March 13): Bursa Malaysia closed lower amid mixed sentiment in regional bourses following a heavy global selldown, a dealer said. Sector-wise, the Financial Services Index dipped 244.59 points to 15,720.39, the Energy Index shed 4.42 points to 852.83, the Industrial Products and Services Index eased 0.36 of-a-point to 172.57, while the Plantation Index increased 29.56 points to 6,792.33. The Main Market volume rose to 2.33 billion shares worth RM1.81 billion from last Friday's 1.82 billion shares worth RM1.83 billion. Warrants turnover improved to 391.70 million units worth RM74.47 million from 388.77 million units worth RM67.50 million previously. The ACE Market volume jumped to 772.43 million shares worth RM269.65 million from 514.62 million shares worth RM217.93 million last Friday.

KUALA LUMPUR (March 13): Billionaire Elon Musk has said he is open to rescuing the crisis-hit Silicon Valley Bank (SVB). The former richest man in the world, who is also Tesla Inc and Twitter chief executive officer, tweeted that he would even consider using Twitter as a digital bank. Musk was responding to a Twitter user asking if “Twitter should buy SVB and become a digital bank”. Meanwhile, Reuters reported on Sunday (March 12) that British start-ups backed by venture capital have around 2.5 billion pounds (US$3 billion), largely in deposits, “locked” in Silicon Valley Bank’s UK subsidiary. Read also:Silicon Valley Bank fallout spreads around world from London to SingaporeSVB UK holds US$3 billion of venture capital-backed firms' funds — survey

ALMOST RM216mil or 38% of Pharmaniaga Bhd ’s market capitalisation was wiped off in just a week, after a RM552mil vaccine provision sparked a panic among investors in the stock. The pharmaceutical player had to make the provision for “slow-moving stocks of Covid-19 vaccines”, in accordance with accounting standards. This pulled the company into the red with a net loss of RM607.32mil in the financial year ended Dec 31, 2022 (FY22).

Global growth remains weak, but it may be at a turning point. The US is expected to grow 1.4%, 0.4 percentage point more than in the prior projection, amid resilient domestic demand. China and India will account for about half of world growth in 2023, Gourinchas said. The World Bank is also more pessimistic than the IMF on growth in advanced economies and European economies, he said. Read also:For Asean countries, IMF sees slower global growth outweighing China reopeningGlobal inflation fight far from over, IMF chief economist says

Maybank’s clarification came after various media reported last week that Maybank Securities was allocated a stake in Adani Enterprises’ US$2.5 billion (RM10.6 billion) secondary share offering. The report came out just before the secondary share sale by Adani Enterprises began for retail and institutional investors last Friday (Jan 27). The secondary share sale is reported to be India’s largest. As at 4.05pm, Adani Enterprises’ share price was trading at 2,767.40 rupees — down 18.3% from 3,388.95 rupees last Wednesday but slightly higher than last Friday’s close of 2,761.45 rupees. Adani Enterprises aims to fund capital expenditure and pay off some of its debts from the proceeds of the share sale.

The abuse of the sovereign state fund was made possible because of “complicity” from institutions such as Goldman Sachs, Anwar told Bloomberg Television’s Haslinda Amin in his first interview with international media since becoming prime minister. The Malaysian government in 2018 turned its attention to Goldman Sachs for its work raising US$6.5 billion in 2012 and 2013 for 1MDB, formally known as 1Malaysia Development Bhd. The settlement announced in July 2020 called for Goldman Sachs to pay US$2.5 billion while guaranteeing the return of US$1.4 billion of 1MDB assets seized by authorities around the world, in exchange for Malaysia dropping charges against the bank. We have to move on.”A Goldman Sachs spokesman referred Bloomberg News to the firm’s 10Q filing when reached for comment. At the time of its filing, Goldman Sachs had said the parties had a three-month window to try and resolve the dispute.

KYIV (Reuters) - Three people were killed by Russian strikes on the southern Ukrainian city of Kherson on Sunday that damaged a hospital and a school, the regional administration said. "Today's Russian shelling injured nine people: three people died (two men and one woman), six were injured," the administration wrote on the Telegram app. "As a result of enemy shelling, a number of civil infrastructure objects were damaged: the Kherson Regional Clinical Hospital, a school, a bus station, a post office, a bank, and residential buildings," it wrote in an earlier post. Kherson was occupied by Russian troops from the early days of Moscow's invasion of Ukraine until its recapture by Kyiv's forces in November. Since its liberation, the city has regularly been shelled from Russian positions across the Dnipro river.

Meanwhile, the FBM ACE Index increased 175.15 points to 5,731.23, and the FBM 70 Index advanced 253.19 points to 13,759.84. Weekly turnover fell to 11.21 billion units worth RM6.12 billion, against 14.28 billion units worth RM9.63 billion last week. The Main Market volume shrank to 7.23 billion shares valued at RM4.95 billion, from 8.87 billion shares valued at RM7.42 billion a week ago. Warrant volume slipped to 951.90 million units worth RM130.73 million, from 1.52 billion units worth RM294.96 million previously. The ACE Market volume declined to 3.02 billion shares worth RM1.04 billion, from 3.88 billion shares worth RM1.91 billion last week.

And while the market is pricing about 30 basis points of rate cuts between September 2023 and March 2024, those bets are overdone, she said. Traders are less certain that the BOE will deliver a half-point hike next week, with swaps indicating a 90% probability. ECB officials including Gediminas Simkus have stressed risks around the stubbornness of core inflation, remarking this week that 50-basis-point rate hikes “must be taken unequivocally”. Swaps linked to US central bank meetings imply that traders expect almost 50 basis points of rate cuts by year end. “Their job is to convince markets that the rate cuts that have been priced have no place to be there,” he said.

(Jan 27): Intel Corp gave one of the gloomiest quarterly forecasts in its history after a personal-computer slump ravaged the chipmaker’s business, sending shares tumbling and further setting back turnaround efforts. Intel shares fell 9.3% on Friday (Jan 27) in premarket trading following the announcement. That would help Intel shore up its finances, which were already stretched by ambitious plans to upgrade its technology. The PC market will be a particular weak spot, shrinking to the lower end of Intel’s range of predictions — or about 270 million units. Intel still dominates the market for processors used in servers, with a share of more than 70%.

Choose foods that reduce uric acid in the body. These include tofu, vegetables, and specific seafood such as salmon, tuna, white fish or tilapia and lean cuts of chicken. Avoid alcohol and sugary beveragesSwitch to black or green tea, coconut water, lemon infused water and unsweetened barley. Drink at least eight glasses of water a dayThis will help flush out uric acid from the body, which in turn will reduce the risk of gout attacks. Be mindful of portion controlEating too much can trigger a gout attack so plate up wisely.

BAUCHI, Nigeria (Reuters) - Dozens of cattle herders and bystanders were killed and several injured by a suspected bomb blast in Nigeria's north central region, a state government official and spokesperson of the national cattle breeders said on Wednesday. The incident happened on Tuesday night between Nasarawa and Benue states in north central Nigeria. Nasarawa governor Abdullahi Sule did not say how many people were killed, but told reporters that a bomb blast was responsible for the deaths. North central Nigeria, also known as the Middle Belt, is prone to violence due to clashes between Fulani pastoralists and farmers, who are mainly Christian, which is often painted as ethno-religious conflict. The governor's spokesperson Abubakar Ladan told Reuters that mass burial for those killed were held earlier on Wednesday.

PETALING JAYA: Malaysia recorded 132 new Covid-19 cases on Wednesday (Jan 25), says the Health Ministry. According to the ministry's KKMNow portal, 130 of the new Covid-19 infections in the country were local transmissions, while there were 2 imported cases. This brings the total number of Covid-19 infections in the country to 5,035,205 cases since the pandemic began. A total of 1 death was recorded on Wednesday with no cases of brought in dead, bringing the total to 36,933.