Monthly Archives: June 2018

Malaysian government to sell luxury goods seized during 1MDB investigations

Malaysia’s Finance Minister Lim Guan Eng has stated in an interview with the Associated Press on Friday (29 June) that the Malaysian government will sell most of the huge stash of jewellery, handbags and luxury goods seized in 1MDB investigations from premises linked to former Prime Minister Najib Razak. It was reported earlier that valuable items seized worth up to RM1.1 billion …

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International columnist: PAP’s high Ministerial salaries cannot be justified given their mediocre performance

Writing for international website The News Lens on Friday (29 Jun), columnist Justin Hugo opined that the high ministerial salaries for PAP leader cannot be justified given their mediocre performance. “After living in a bigger country, it is very difficult for me to wrap my head around the logic of [the People’s Action Party] that its Prime Minister and Ministers should …

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Is it possible to pay top dollar and get monkeys?

by Augustine Low Conventional wisdom says that if you pay peanuts you get monkeys, and the more executives are paid, the better they perform. Not so, according to many studies. The most comprehensive study so far was undertaken by corporate-governance research firm MSCI which summarises its findings this way: “Has CEO pay reflected long-term stock performance? In a word, ‘no.’” …

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oBike ordered to remove bikes or pay to reclaim bikes from LTA

Bicycle sharing operator oBike has been ordered to remove its entire 14,000-strong fleet by next Wednesday (July 4) and if the company or its liquidator fail to do so, it would have to pay to reclaim the bicycles impounded by the Land Transport Authority (LTA). The authority stated in a statement on Thursday (28 June) that the deadline was issued following …

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