Former Green Packet Bhd group managing director Puan Chan Cheong, more familiarly known as CC Puan, has been declared bankrupt by the Kuala Lumpur High Court after failing to meet the requirements of bankruptcy notices filed on May 24 last year.

CC Puan declared bankrupt for failing to settle RM31m owed to Medinis, Everegion

KUALA LUMPUR (June 1):  The collective wealth of Malaysian tycoons on the 2023 Forbes list of Malaysia’s 50 Richest edged up to US$81.6 billion, from US$80.5 billion last year.

50 richest Malaysians added US$1.1 bil to wealth last year, says Forbes

MCA Wanita chairperson Wong You Fong can be designated as an independent director of Star Media Group Bhd, where the political party owns a 43.23% direct stake, following an assessment conducted by the group’s nomination committee, said its independent non-executive chairman Tan Sri Chor Chee Heung.

Star Media chairman insists MCA Wanita chief can be independent director of the MCA-controlled company

KUALA LUMPUR (June 1): Malaysian manufacturers often reported demand weakness in May and this was evident across a range of indicators in the latest PMI survey.

Business conditions remain challenging, PMI dipped to 47.8 in May

US inspectors have in recent months uncovered wide-ranging lapses at factories run by some of India’s biggest pharmaceutical firms, as the world’s top supplier of cheap medicine faces increased scrutiny after a spate of deadly manufacturing incidents.

Contaminated drugs, shredded papers: US FDA uncovers failures in Indian pharma factories

Toyota Motor Corp said on Wednesday (May 31) that information on customers in some countries in Oceania and Asia, excluding Japan, may have been left publicly accessible from October 2016 to May 2023.

Toyota says some customers in Asia, Oceania face risk of data leak

Bahvest Resources Bhd’s managing director and CEO Datuk Lo Fui Ming have resigned from the group, ahead of its extraordinary general meeting (EGM) seeking his removal and two other directors on June 13.

Bahvest CEO and son quit ahead of EGM vote on their removal

JPMorgan Chase & Co CEO Jamie Dimon said on Wednesday (May 31) the US and China need to have "real engagement" to resolve their tricky security and trade matters.

JPMorgan's Dimon says US, China need 'real engagement' to resolve issues

Star Media Group Bhd shareholders have voted to reject its proposal to sell properties, consisting of two units of factory and warehouse in Shah Alam, to Matang Bhd for RM33 million in a share and cash deal.

In Star Media’s virtual extraordinary general meeting (EGM) on Wednesday morning (May 31), 46% of shareholders who were present in the meeting holding 81.7% of voting shares rejected the resolution, while 53% of present shareholders holding 18.3% voted in support. The Malaysian Chinese Association (MCA), which holds 43.23% of Star Media, did not vote, being an interested party due to shareholdings in both companies.

Star Media minority shareholders reject related party deal with Matang

He's "a pioneer", "Brother Ma" and some want him to be US president. Billionaire Elon Musk has been showered with praise by the Chinese public during his trip to China and while also securing audiences with three government ministers.

Elon Musk greeted with flattery and feasts during China trip

Hong Leong Bank Bhd reported an 18.5% year-on-year growth in net profit for the third quarter ended March 31, 2023 (3QFY2023), thanks to lower impairment losses and better contribution from 18%-owned Bank of Chengdu.

Hong Leong Bank posts 18.5% growth in 3Q earnings as lower impairment, Bank of Chengdu contribution lift profitability

Prime Minister Datuk Seri Anwar Ibrahim has been granted a two-week extension to file his defence to a defamation suit by Tun Dr Mahathir Mohamad despite objection by the former PM’s lawyer.

Court grants Anwar two-week extension to file his defence in Mahathir’s suit

Newly listed Radium Development Bhd said the company has sustained land bank and projects amounting to RM3.4 billion in gross development value (GDV) in the next five years.

Radium to be sustained by RM3.4b GDV projects for five years, proposes one sen dividend for 2QFY2023

The High Court on Wednesday (May 31) fixed July 11 for the hearing of former prime minister Tan Sri Muhyiddin Yassin's application to strike out his graft and money laundering charges.

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