Former 1MDB CEO concedes Goldman Sachs misled 1MDB board of directors

KUALA LUMPUR (July 15): In hindsight, former 1Malaysia Development Bhd (1MDB) chief executive officer Datuk Shahrol Azral Ibrahim Halmi (pictured) had conceded that Goldman Sachs' investment banking head in Southeast Asia Tim Leissner and his team had misled the investment fund’s board of directors with regard to the RM10.

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Hotels can't depend on domestic travel to survive

PETALING JAYA (June 22): Hotel operators are seeing a slight recovery in the industry following the reopening of domestic tourism and after drastic cost-cutting measures by hotel operators, said Malaysian Association of Hotels CEO Yap Lip Seng.

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PNB's CEO Jalil Rasheed resigns

KUALA LUMPUR (June 15): Permodalan Nasional Bhd's (PNB) board of directors today announced it has accepted the resignation of its president and group chief executive officer (CEO) Jalil Rasheed (pictured)  effective today.

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IOI Properties appoints Voon Tin Yow as CEO

PETALING JAYA (April 14): IOI Properties Group Berhad (IOIPG) has redesignated its Chief Executive Officer (CEO) Lee Yeow Seng as Executive Vice Chairman and appointed Dato’ Voon Tin Yow as CEO effective April 15, 2020.

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