<div class=newsTextDataWrapInner><p>SINGAPORE (Feb 9): The bankruptcy order made against Md Wira Dani Abdul Daim in Aug 2016 has been annulled by the Official Assignee and last month, gazetted, according to an article by&nbsp;<em>The Straits Times</em>&nbsp;this morning.</p></div>

<div class=newsTextDataWrapInner><p>Based on information extracted from the Ministry of Law’s Insolvency Office website, an annulment of the order means “it is as if the bankruptcy order was never made against the debtor”, while a discharge does not have the same effect. &nbsp;</p></div>

<div class=newsTextDataWrapInner><p>Wira is the son of Malaysia’s former finance minister Daim Zainuddin. The former ISR Capital executive chairman resigned in Aug 2016 following the bankruptcy move, which was trigged by a balance of some S$1.65 million owed by Wira to Maybank Kim Eng Securities.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The annulment suggests that the owed sum by Wira of S$1,650,642 has since been repaid to Maybank.</p></div>

<div class=newsTextDataWrapInner><p>The brokerage had previously loaned Wira S$2,486,593 to buy shares in LionGold, one of the three companies whose share price crashed in October 2013, after a strong run-up, for which Maybank only received a repayment sum of S$835,950 as last reported on Aug 18 last year.</p></div>

<div class=newsTextDataWrapInner><p><span style=&quot;font-size: 12px;&quot;><em>(<u>See also:</u>&nbsp;<a href=&quot;http://www.theedgemarkets.com.sg/node/292979&quot;>ISR chairman Wira Dani Daim resigns following bankruptcy order</a>)</em></span></p></div>


SINGAPORE (Feb 9): The bankruptcy order made against Md Wira Dani Abdul Daim in Aug 2016 has been annulled by the Official Assignee and last month, gazetted, according to an article by The Straits Times this morning.

Based on information extracted from the Ministry of...

Former ISR Capital chairman’s bankruptcy annulled less than 6 months after order

A group representing major electric vehicle (EV) and battery manufacturers on Friday urged President-elect Donald Trump not to kill tax credits for electric vehicle sales and production, citing the impact on key states that voted for the Republican.

EV companies, battery makers urge Trump not to kill vehicle tax credits

Elon Musk's political ascendancy has some Wall Street banks hoping they may soon be able to offload US$13 billion (RM58.16 billion) of debt that backed the billionaire's purchase of the social media platform X, three banking sources said.

Musk's political ascendancy stirs hopes of redemption for X banks

The Malaysian Communications and Multimedia Commission (MCMC) and the Malaysian Palm Oil Board (MPOB) have announced a significant achievement in their strategic collaboration, marked by the successful resolution of connectivity challenges within palm oil plantations and culminating in the AgriNXT: Oil Palm Chapter (OPC) initiative.

MCMC, MPOB join forces to advance future technology initiatives in palm oil industry

Nvidia Corp's results in the coming week could guide the US stock market on its next path, as investors turn their focus to the technology sector and artificial intelligence trade after an election-fueled rally stalled.

Nvidia results in focus as stock market's election boost stalls

The conventional wisdom following Israel’s recent strikes on Iranian military facilities in retaliation for Iran’s ballistic missile attack on Israel is that the risk of further escalation has been contained. Initial statements from the Islamic Republic’s supreme leader suggested that Iran may no...

After the Storm: Israel and Iran Are Likely to Escalate

Prime Minister Datuk Seri Anwar Ibrahim insisted that Malaysia remains consistent with its stance on the issue of Israel and Palestine, emphasising that Putrajaya has never diplomatically recognised the existence of the state of Israel.

Anwar: Malaysia never recognised Israel, steadfast in support of Palestine

Sarawak is well-positioned to benefit from the global transition towards making hydrogen as a key fuel, with a legal framework in place to manage its environment while optimising the economic value of its natural resources.

Abang Johari: Sarawak well-placed to leverage on global transition to hydrogen

The key focus at home this week is the October trade and inflation data, expected to be released aby the Department of Statistics Malaysia on Nov 19 and 22 respectively.

The Week Ahead: October inflation and trade data, G20 summit and flash PMI post-US election in focus

Strong US economic and inflation data continue to reshape the debate among Federal Reserve (Fed) policymakers over the pace and extent of interest rate cuts as investors on Friday further downgraded their expectations for a rate reduction at the central bank's December meeting.

Strong US data feeds doubts about Fed December rate cut

A gauge of global stocks was set for its biggest weekly drop in two months and the 10-year US treasury yield hit its highest level in 5 1/2 months on Friday as economic data and comments from Federal Reserve (Fed) officials suggested a slower pace of interest-rate cuts ahead.

Global stocks drop as Fed signals slower pace of rate cuts

<p>Over the past two weeks, oil and gas (O&amp;G) players publicly traded on Bursa Malaysia have been announcing awards from Petronas and its production sharing contract partners, for maintenance, construction and modification (MCM) as well as hook-up commissioning (HUC) services.</p>


O&G jobs coming in, more expected

<p>Protesters stormed the parliament of the Russian-backed breakaway Georgian region of Abkhazia on Friday and opposition politicians demanded the resignation of the self-styled president over an unpopular investment agreement with Moscow.</p>

<p>Protesters used a truck to smash through the metal gates surrounding the parliament in the capital Sukhumi.</p>


Protesters storm parliament in breakaway Georgian region Abkhazia over deal with Russia

<p>Europe has spent the past two years trying to free itself from dependence on Russian energy, but more expensive alternatives are prompting some landlocked countries to go back to their old source.</p>

<p>A case in point is the Czech Republic, which in the summer of 2023 declared total independence from Russian natural gas and cut its imports to almost zero.</p>


Czechs return to Russian gas as alternative sources are getting more expensive

<p>Wall Street's main indexes closed lower on Friday, with the S&amp;P 500 and Nasdaq notching their biggest one-day losses in two weeks, on concerns about slower interest-rate cuts and as investors reacted to cabinet picks by US President-elect Donald Trump.</p>


Wall Street sinks on Powell rate-cut caution, Trump cabinet picks

<p>The key focus at home this week is the <b>October trade and inflation data</b>, expected to be released aby the Department of Statistics Malaysia on Nov 19 and 22 respectively.</p>


<p>Sarawak is well-positioned to benefit from the global transition towards making hydrogen as a key fuel, with a legal framework in place to manage its environment while optimising the economic value of its natural resources.</p>


<p>Strong US economic and inflation data continue to reshape the debate among Federal Reserve (Fed) policymakers over the pace and extent of interest rate cuts as investors on Friday further downgraded their expectations for a rate reduction at the central bank's December meeting.</p>


<p>Nvidia Corp's results in the coming week could guide the US stock market on its next path, as investors turn their focus to the technology sector and artificial intelligence trade after an election-fueled rally stalled.</p>


<p>Prime Minister Datuk Seri Anwar Ibrahim insisted that Malaysia remains consistent with its stance on the issue of Israel and Palestine, emphasising that Putrajaya has never diplomatically recognised the existence of the state of Israel.</p>


<p>The conventional wisdom following Israel’s recent strikes on Iranian military facilities in retaliation for Iran’s ballistic missile attack on Israel is that the risk of further escalation has been contained. Initial statements from the Islamic Republic’s supreme leader suggested that Iran may no...

<p>The Malaysian Communications and Multimedia Commission (MCMC) and the Malaysian Palm Oil Board (MPOB) have announced a significant achievement in their strategic collaboration, marked by the successful resolution of connectivity challenges within palm oil plantations and culminating in the AgriNXT: Oil Palm Chapter (OPC) initiative.</p>


<p>Elon Musk's political ascendancy has some Wall Street banks hoping they may soon be able to offload US$13 billion (RM58.16 billion) of debt that backed the billionaire's purchase of the social media platform X, three banking sources said.</p>


<p>A group representing major electric vehicle (EV) and battery manufacturers on Friday urged President-elect Donald Trump not to kill tax credits for electric vehicle sales and production, citing the impact on key states that voted for the Republican.</p>
