Money & Finance

YU Syndicate's leaders replace exposed directors at ALX Assets after being caught in a scandal involving YNH Property Bhd & Rapid Synergy Bhd.

Dive into the unfolding scandal at KNM Group Bhd, where Tunku Datuk Yaacob Khyra is identified as the ringleader of a vote rigging and shareholder identity misuse scheme. This exposé reveals the depths of the fraudulent activities that have thrust the company into the spotlight of federal investigations and led to significant legal and corporate governance repercussions.

In this shocking exposé, we unravel the complex web of deceit surrounding the YU Syndicate and YNH Property Bhd, where key players allegedly embezzled millions through fraudulent joint ventures and secret agreements. Discover the dark side of corporate Malaysia and the implications of this massive scandal.

Philippine Peso and Malaysian Ringgit lead Asian currency gains, supported by resilient U.S. economic data. Both currencies strengthen in January, with ringgit appreciating about 4% year-to-date, reflecting improved economic outlook and investor optimism.

Malaysia's total trade reached RM236.0 billion in December 2022, marking an 8.6% year-on-year increase. Exports rose 6.0% to RM131.9 billion, while imports grew 12.0% to RM104.1 billion. The country's total trade for 2022 hit a new milestone of RM2.8 trillion.

The International Atomic Energy Agency has dispatched teams to monitor Ukraine's nuclear plants, including Zaporizhzhia and Chernobyl, to ensure safety during the ongoing war. With at least 11 staff members deployed, this represents an unprecedented level of on-site monitoring.

A leading Malaysian business leader anticipates increased Chinese investment will support Malaysia's transition to a low-carbon economy. Datuk Liew Chee Ming highlights potential growth in high-tech industries, particularly electric vehicle production, as Chinese economic recovery progresses.

The Biden administration warns that Russia's refusal to resume on-site nuclear treaty inspections endangers the New START pact and bilateral arms control efforts, marking a significant breakdown in diplomatic relations.

KUALA LUMPUR: Petroliam Nasional Bhd (PETRONAS) and Phoenix Petroleum have agreed and signed a memorandum of understanding (MoU). To develop a collaboration in downstream...

Malaysia is actively working to mitigate semiconductor order backlogs that emerged during the COVID-19 pandemic. Global supply chain issues, including lockdowns, factory incidents, and transportation challenges, have significantly impacted the semiconductor industry's production and delivery capabilities.