Alibaba to split into 6 groups, separate IPOs expected
ALIBABA announced today it would split into six business groups in one of the most significant overhauls of a leading Chinese tech firm to date. Daniel Zhang, the company’s chairman and CEO, said the restructuring would enable each separate business to pursue its own fundraising and public listing plans.
Elderly woman dies, husband in ICU after eating puffer fish
A WOMAN senior citizen died, while her husband is still being treated in the Intensive Care Unit (ICU), believed to have been poisoned after eating puffer fish on Saturday. Johor Health and Unity Committee chairman Ling Tian Soon said the 83-year-old woman started showing symptoms of shortness of breath and shivering before being followed by her […]
UN calls for release of Hong Kong rights activist Ho
THE United Nations today urged the Hong Kong authorities to release Albert Ho, one of the city’s best-known rights activists, saying his health was in a critical condition. Ho, 71, formerly led the now-disbanded Hong Kong Alliance, which organised an annual candlelight vigil for more than three decades to mourn the victims of China’s bloody […]
RM20 ewallet incentive for first 6,000 Rahmah Ramadan bazaar visitors in KL
KUALA LUMPUR: The Domestic Trade and Cost of Living Ministry is expanding the Retail Sector Digitisation Initiative (ReDI) through the provision of RM20 ewallet incentive to the first 6,000 consumers or traders at the Rahmah Ramadan bazaars here during the month of Ramadan. Read full story
Credit Suisse ex-chairman says owes nothing after debacle
THE former chairman of Credit Suisse says he never received any bonus and owes nothing following the scandal-plagued bank’s emergency sale to UBS, a Swiss newspaper reported today. Urs Rohner’s decade-long tenure was mired in a series of controversies, including the bank’s exposure to the collapses of investment firms Archegos and Greensill in the last […]
Ayob Khan appointed new Bukit Aman CID director
KUALA LUMPUR: Comm Datuk Seri Ayob Khan Mydin Pitchay has been appointed as the new Bukit Aman CID director. Read full story
Govt respects Federal Court’s decision on MACC probe against Mohd Nazlan, says Anwar
PUTRAJAYA: The government takes note of and respects the Federal Court’s decision and Chief Justice Tun Tengku Maimun Tuan Mat’s considerations regarding the Malaysian Anti-Corruption Commission (MACC) investigation against Court of Appeal judge Datuk Mohd Nazlan Mohd Ghazali, says Datuk Seri Anwar Ibrahim. Read full story
Miti in talks to secure investments worth over RM100 billion
THE government is actively negotiating to secure 426 potential projects involving aggregate domestic direct investment (DDI) and foreign direct investment (FDI) worth RM107.6 billion, the International Trade and Industry Ministry (Miti) said. These projects are expected to be sealed this year, it said.
Guinness maker Diageo names Debra Crew as CEO
BRITISH drinks giant Diageo, maker of Guinness stout, Smirnoff vodka and Johnnie Walker whisky, named chief operating officer Debra Crew as its first woman CEO today. Diageo said that Crew, a 52-year-old former US Army officer, will take the reins in July after 10 years under the stewardship of Indian-born Ivan Menezes, who is retiring […]
3 jailed, fined for lending MyKad to others
THREE individuals were jailed and fined separately in the Tawau magistrates’ court today for lending their MyKad to others and failing to produce the identification document to the authorities last Friday. The accused, Abdul Habil Mobin, 58, and Fatimah Hasan, 50, pleaded guilty before magistrate Leona Dominic Mojiliu after the charges were read out to them and the duo […]