1MDB-Tanore Trial: Ismee stayed on as director as he had ‘high degree of trust in the leadership’
Ismee, a member of TIA’s steering committee, later became a board director and remained one when TIA became 1MDB. A star prosecution witness in former prime minister Datuk Seri Najib Razak’s 1MDB-Tanore trial, Ismee testified last week that he had stayed on as a director in 2009 because he had “a high degree of trust in the leadership” specifically “the prime minister’s trust and loyalty”. It should be noted that Ismee, 58, was at the time also serving as group managing director and CEO of Lembaga Tabung Haji. “Therefore, I believe I had a high degree of trust in the leadership,” he said, referring to Najib. Before Bakke resigned, Tan Sri Che Lodin Wok Kamaruddin, Ismee and Tan Sri Azlan Mohd Zainol had also served on the board.
Source:The Edge Markets
April 19, 2022 21:37 UTC
Zilingo board said to weigh replacing CEO amid probe
“Any question of a change in management is speculative and premature at this stage,” the board said. The company raised US$226 million at a valuation of US$970 million in 2019 when Bose was 27 years old. Sequoia said on behalf of the board that any question of change in management is “speculative and premature at this stage”. At least some of the bookkeeping practices at Zilingo are technical decisions that are typically considered judgment calls at start-ups. The board had argued that as Zilingo emerges from the Covid-19 downturn, it is better to press the reset button with a new CEO, one person said.
Source:The Edge Markets
April 19, 2022 21:16 UTC
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Kendrick Lamar announces new album, out May 13
Kendrick Lamar quietly announced his new album on Monday by quote-tweeting the words “oklama.com” on a tweet from February that claimed he’s officially retired. It’s a long-awaited announcement for fans who haven’t heard a new album from the rap superstar from Compton since his Pulitzer award-winning album, “DAMN.,” was released in 2017. “I brought kendrick lamar out of retirement,” wrote @raptalksk on Twitter, whose initial tweet was used for Lamar’s announcement. !” flooded his post about the album, with musicians like Kevin Abstract and Denzel Curry celebrating Lamar’s return to music on Twitter. But that appearance didn’t seem to be enough for Lamar’s fans, with thousands tweeting about their excitement for his new album.
Source:The Star
April 19, 2022 20:02 UTC
Company manager loses over RM1.2mil to Macau scammers
ALOR SETAR: A company manager lost more than RM1.2mil to a Macau Scam syndicate after she was duped by a person posing as an insurance agent. The victim then spoke to three individuals who claimed to be Sergeant Adam, Inspector Mazlan and Inspector Yong. "The suspect had instructed the victim to make a transfer of RM900,000 from Tabung Haji account to her Bank Islam account and RM200,000 to her Bank Rakyat account. "The public is advised not to ever believe any call professing to be from any government department or financial institution. "Before making any payment, check the account status on the website http://ccid.rmp.gov.my> semakmule or contact the CCIS Response Centre at 03-26101559/1599," he said.
Source:The Star
April 19, 2022 19:29 UTC
Sarawak Cable teams up with local firm to revitalise steel fabricating arm
The principal activities of Sarwaja Timur are manufacturing, fabrication, galvanising and sale of steel structures. SCable has on Monday entered into a memorandum of agreement (MoA) with Hercules for the purpose. Founded in 1972, Hercules specialises in manufacturing steel and rubber engineering devices, construction equipment, construction cementitious grout, bitumen & waterproofing. SCable said the group and Hercules are desirous of cooperating with each other to revitalise Sarwaja Timur's business. SCable shares closed down 0.5 sen or 2.86% at 17 sen on Monday, bringing a market capitalisation of RM65.94 million.
Source:The Edge Markets
April 19, 2022 01:37 UTC
Fake online call centre busted in Kajang in joint police operation
KAJANG: A joint police operation with federal and district police led to the bust of a fake online call centre here. In a statement, Kajang OCPD Asst Comm Mohd Zaid Hassan said that the operation with Bukit Aman was conducted on April 12 at five houses within an apartment block in Kajang. "The syndicate were offering bogus jobs and the raid against them led to the arrest of 39 men and six women, local and foreign. Of those arrested, 35 suspects were charged today at the Kajang Magistrate’s Court," he said. He also urged all to be aware of such scams and to use the http://ccid.rmp.gov.my/ semakmule website to verify if any accounts had been flagged by the authorities.
Source:The Star
April 18, 2022 20:16 UTC
Father Thomas Taam, one of Sibu's longest-serving Catholic priests, passes away at 97
SIBU: One of the longest-serving Catholic priests here, Reverend Father Thomas Taam Chak Wing, has passed away at age 97. Rector of St Teresa's Church, Father Michael Lee, said Father Taam passed away at 10.56am on Monday (April 18). He described Father Taam as "a man of God and very faithful to the ministry". Father Lee, who succeeded Father Taam a year before the Covid-19 pandemic, told reporters that the late priest was also a very approachable person. Father Taam will be buried at Nirvana Memorial Park here.
Source:The Star
April 18, 2022 19:03 UTC
School reaping good harvest
AS AN “ecological civilisation” school, SJK (C) Union in George Town, Penang has been running various green projects to inculcate environmental awareness in its 800 pupils. The sustainability efforts continued even when the school was closed during the Covid-19 pandemic. “We sell the crops to parents and give the rest away to the school canteen,” she said at the launch of the ecological civilisation primary school programme. “When the school was closed, we relied on an automated watering system and help from the security guards. The school defines ecological civilisation as one that promotes green development as well as a sustainable and healthy society.
Source:The Star
April 18, 2022 05:01 UTC
Speedier submission of evaluation reports urged
PETALING JAYA: Affected local planters, whose palm oil products are banned by the United States Customs and Border Protection (CBP) on forced labour allegations, must speed up the submission of their independent evaluation reports to the relevant US authorities. Last Friday, Reuters reported that Ferrero said it will stop buying palm oil from SDP over forced labour allegations. Ferrero had requested that starting April 6, all its direct suppliers stop supplying palm oil and palm kernel oil sourced indirectly from SDP until further notice. “Thus, the Italian confectionery group would have had many avenues to explore before taking this extreme action to boycott SDP products,” he noted. Chandran added that Ferrero seemed to have overlooked the fact that SDP is the world’s largest producer of certified sustainable palm oil (CSPO).
Source:The Star
April 17, 2022 23:11 UTC
Dr Wee hands over bulldozers, fertilisers to Yong Peng farmers
PETALING JAYA: After receiving aid in the form of mechanised bulldozers and allocation for fertilisers, Datuk Seri Dr Wee Ka Siong hopes that the agricultural industry in Yong Peng will continue to grow. The Transport Minister handed over several farming mechanised bulldozers worth RM120,000 under the Penjana package to the Yong Peng Vegetable Growers Association on Sunday (April 17). "Yong Peng is a well-known vegetable and fruit growing place for the local and export markets in Malaysia. "Yong Peng is also a hub for the collection and packaging of fruits and vegetables before being shipped to Singapore for export," said Dr Wee in a statement on Facebook. Dr Wee added the aid was a joint effort by Semarang assemblyman and former Johor agriculture and agro-based committee chairman Samsol Bari Jamali, as well as Yong Peng assemblyman and Johor exco member Ling Tian Soon.
Source:The Star
April 17, 2022 16:29 UTC
MSWG CEO: What is the reason for the decision to compound in Serba Dinamik case?
The decision to compound the four executives in the Serba Dinamik Holdings Bhd case has raised a myriad of questions, thoughts, and opinions. We must be mindful of the message that we are sending to the capital market and potential wrongdoers. The AGC will need to sufficiently distinguish the Serba Dinamik case from other cases in future and explain its reasons clearly. In the case of Serba Dinamik, many investors have suffered losses — they will not be able to recoup much of their losses, at least in the foreseeable future. The exercise of the discretion whether to compound or not to compound a capital market offence has far-reaching implications for the capital market.
Source:The Edge Markets
April 17, 2022 16:02 UTC
MSWG urges for transparency in Serba Dinamik decision
The decision to compound the four executives in the Serba Dinamik Holdings Berhad case has raised a myriad of questions, thoughts, and opinions. We must be mindful of the message that we are sending to the capital market and potential wrongdoers. The AGC will need to sufficiently distinguish the Serba Dinamik case from other cases in future and explains its reasons clearly. The exercise of the discretion whether to compound or not to compound a capital market offence has far-reaching implications for the capital market. It may hinder the development of a fair and orderly capital market that prides itself on investor protection.
Source:The Star
April 17, 2022 15:50 UTC
Crypto payments frozen across India, hitting trading
Hours after Chatterjee’s announcement, the central bank-backed entity that runs the system — called United Payments Interface — said it was “not aware” of any crypto exchange using the network. Daily trading volumes on Indian crypto exchanges, which collectively cater to about 15 million people, have tumbled by between 88% and 96% since peaking last year, data from CoinGecko show. Coinbase already offered trading in crypto pairs in India, which doesn’t require customers to deposit rupees into their accounts. MobiKwik, a local payment service provider, stopped working with Indian crypto exchanges on April 1, according to a report by news outlet Moneycontrol. WazirX and CoinDCX, another Indian crypto exchange, have both announced that rupee deposits via MobiKwik have been temporarily suspended.
Source:The Edge Markets
April 17, 2022 06:19 UTC
Republic World: Russia announces space war on Elon Musk's Starlink satellites, accepts Moskva was attacked
(April 16): Space X's Starlink internet constellation has angered Russia as it was reported that the Starlink satellite constellation was used to guide and modify fire on the Black Sea Fleet's flagship, the cruiser Moskva and it sank because of that. This was revealed by new data from the Russian Federation's General Staff, Republic World reported. This was revealed by new data from the Russian Federation's General Staff. Dmitry Medvedev, who has ordered to destroy the Starlink satellite constellation located over Russian Federation territory, the special military operation zone and the Black Sea basin in order to ensure the security of all units participating in the special military operation, Republic World reported.
Source:The Edge Markets
April 17, 2022 04:57 UTC
Sad Raya for man who lost wife and unborn child
GEORGE TOWN: The pain of losing his wife and unborn child to Covid-19 last year has cast a pall over the fasting month and Hari Raya Aidilfitri for Mohamad Nazri Mohamad Zakaria. Recounting what happened before his wife’s demise, Mohamad Nazri said he was unsure how she had caught the virus. Mohamad Nazri said he, his wife and his mother were admitted to Hospital Penang because of the severe symptoms they had. Reminiscing about the good times, Mohamad Nazri said he got to know his wife through Facebook. Mohamad Nazri has resolved to make sure his daughter gets a good education.
Source:The Star
April 17, 2022 02:26 UTC