Malaysia – The Pakatan Harapan Presidential Council wants an independent body to look into allegations of corruption and power abuse by MACC head Tan Sri Azam Baki and LPPR chairman Tan Sri Abu Zahar Ujang. They rejected Azam’s explanation that his brother acquired millions of publicly traded shares in his name, citing conflicts of interest and legal violations. “This offense …

Malaysia – Tan Sri Azam Baki, head commissioner of the Malaysian Anti-Corruption Commission (MACC), addressed the matter of obtaining shares in two firms in 2015 yesterday. At a news conference held recently at the MACC offices, Azam said that he consented to his brother using his share trading account to purchase shares and had previously provided an explanation to the Anti-Corruption …

The deadly chemical explosion in Lebanon ‘s capital Beirut on Tuesday (Aug 4) provoked concern in Australia over vast stocks of the same near-populated chemical areas. Some community advocates are uneasy about storing the chemical in the vicinity of Australia’s populated areas , especially in the port city of Newcastle, north of Sydney. Commercial explosives manufacturer Orica regularly stores between …

KUALA LUMPUR – Malaysian real estate investment trusts (MREIT) are expected to take a hit as steep as 14% decline in earnings as investors dump stocks in a rush to liquidate in a effort to weather the storm in the markets. The movement control order’s impact were also felt on rental payments among tenants as well as extending the lockdown …

As many 12 state-owned companies were asked to repurchase (buyback) shares of companies circulating in the public. This is in accordance with instructions from SOE Minister Erick Thohir following the drop in stock trading, which is reflected in the Composite Stock Price Index (CSPI). According to Erick Thohir through his Special Staff Arya Sinulingga explained, the stock index fell 6.58 …

Philippine equities plummeted by 5.65 per cent on Monday morning’s trading session, led by growing concerns over the outbreak of coronavirus disease in 2019 (COVID-19). As of noon break, the PSEi bellwether fell by 382.52 points or 5.65 per cent to 6.387.86. The wider All Shares index dropped by 207.22 points or 5.13 percent to 3 832.33. In a mobile …