Norway fund to reject all-male boards in Japanese firms

NORWAY’s sovereign wealth fund, the world’s biggest, will from now on vote against the nomination of all-male boards in Japanese companies, a senior fund official said today. In a bid to promote diversity and gender equality, the fund, currently worth more than 15 trillion kroner (RM6.2 trillion), already rejects nominations to boards for companies in […]

Penang an ‘indisputable’ sovereign state, Ramkarpal says

PENANG is a sovereign state in the Federation of Malaysia and its legal position cannot be disputed. Deputy Minister in Prime Minister’s Department (Law and Institutional Reform) Ramkarpal Singh said since British rule, Penang has been acknowledged as a straits state under the grouping known as the Straits Settlements.

Broader national security law takes effect in Macau

MACAU’S new national security law took effect today, imposing wider restrictions on political opposition and civil society in the Chinese city. The gambling hub has a separate legal system from the Chinese mainland, largely based on Portuguese law, and national security legislation was first enacted in 2009.

Penang LRT project to start sooner, says Anthony Loke

PENANG’s first light rail transit (LRT) project is expected to begin earlier, said Transport Minister Anthony Loke. He said this is because the federal and state governments agreed for the LRT depot to be built on existing land instead of on reclaimed land in the Penang South Islands project.

Sweden’s economy grows more than expected

THE Swedish economy grew more than expected in the first quarter despite high inflation and rising interest rates, official statistics showed today. The top Nordic economy expanded by 0.6% in the first three months of the year, avoiding a technical recession following a 0.2% contraction in the fourth quarter of 2022.