Browsing Category: "Business"
Hollywood actor Bruce Willis of “Die Hard” fame is suing Malaysia’s Petra Group and Tunku Imran Tuanku Ja’afar over a “green rubber venture”, Bloomberg news reported today.
The actor is demanding the return of US$900,000 (RM3.2 million) of the US$2 million he invested in the venture.
According to court papers filed in federal court in Los Angeles, California, Petra’s chief executive Datuk Vinod B. Shekhar and Tunku Imran had induced him to invest in a company that was developing a non-toxic and recyclable rubber.
Willis had a put option, whereby for a specified period time he could get a full refund of his investment, according to the complaint. He exercised the option on March 17, Willis said, according to the Bloomberg report.
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Popularity: 5% [?]
When the Indian Muslims arrived in Pulau Pinang a long time ago, they also brought along the gastronomic delight that is now prevalently known as the ‘nasi kandar’.
This rice dish, which is eaten with various curried meats and fish as well as special condiments, has developed into a signature cuisine for Pulau Pinang and would always come to mind whenever this ‘pearl island’ is mentioned.
A visit to Georgetown would not feel right without a stopover at any of the nasi kandar joints in this city to sample this out of the world pleasure.
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Popularity: 8% [?]
A special court here has ordered Yang di-Pertuan Besar Negri Sembilan Tuanku Ja’afar Tuanku Abdul Rahman to pay nearly US$1mil (RM3.5mil) to Standard Chartered Bank Malaysia Bhd to honour his commitment in a letter of credit over a business deal. This is a landmark verdict that ended a centuries-old tradition shielding the country’s royal sultans from legal prosecution.
The case brought by Standard Chartered Bank against Tuanku Jaafar Tuanku Abdul Rahman was the first trial involving a Malaysian monarch since a 1993 constitutional amendment dissolved the immunity of state rulers from criminal and civil lawsuits.
“This would be an ordinary case but what is exceptional is that it involves a ruler,” the bank’s lawyer, Robert Lazar said.
A special panel of Malaysia’s top five judges unanimously ruled that Tuanku Jaafar was liable for a US$1 million credit provided by the bank in a Read the rest of this entry »
Popularity: 7% [?]
To commemorate MNP’s debut in Malaysia, Suruhanjaya Komunikasi dan Multimedia Malaysia (SKMM) has released a series of frequently asked questions (FAQs) to answer your fundamental queries.
General
- What is Mobile Number Portability?
Mobile Number Portability (MNP) is the ability for users to switch to a new mobile service provider while retaining their existing mobile number. - How can I benefit from MNP?
The main benefit of MNP is freedom of choice and the competition that it generates. Now that you are free to choose a new mobile service provider without having to change to a new number, you can avoid the inconvenience of having to notify friends and associates as your number remains the same.
Popularity: 5% [?]
Top 25 world’s largest corporations ranking by Fortune Global 500
- Wal-Mart Stores - General Merchandisers - United States
Revenue: USD 378,799 million Profits: USD 12,731 million
Employees: 2,055,000 - Exxon Mobil - Petroleum Refining - United States
Revenue: USD 372,824 million Profits: USD 40,610 million
Employees: 107,100 - Royal Dutch Shell - Petroleum Refining - Netherlands
Revenue: USD 355,782 million Profits: USD 31,331 million
Employees: 104,000 - BP - Petroleum Refining - Britain
Revenue: USD 291,438 million Profits: USD 20,845 million
Employees: 97,600 - Toyota Motor - Motor Vehicles and Parts - Japan
Revenue: USD 230,200 million Profits: USD 15,042 million
Employees: 316,121
Popularity: 8% [?]
Malaysian tycoon Tan Sri Robert Kuok continues to maintain his lead position as Malaysia’s richest man in the latest Forbes Asia’s rich list.
According to Forbes Asia, Kuok, 84, who has many businesses, including Hong Kong property and media interests, and most notably palm oil giant Wilmar, increased his net worth from US$2.4 billion last year to hit US$10 billion.
The latest ranking list also saw Berjaya Corp’s Tan Sri Vincent Tan joining the billionaires’ club, Forbes Asia said in a news release here.
There are 10 billionaires in the list this year, one more than last year.
Tan, who rose from 14th to ninth position, has a net worth of US$1.3 billion, up nearly US$1 billion from last year.
Forbes Asia said Tans company, Berjaya Corporation, had bucked the trend with its stock price up nearly three-fold over the past 12 months.
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Popularity: 30% [?]
