Penang’s The Rice Miller project seeks saviours

PETALING JAYA (Feb 19): The receivers and managers of Asian Global Business Sdn Bhd, the developers of The Rice Miller Hotel and Residences project in George Town, Penang, are looking for white knights to rescue the project, reported The Edge weekly.

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MBSB pledges no layoffs as shareholders green-light AFB buy

KUALA LUMPUR (Jan 23): Malaysia Building Society Bhd (MBSB), which has secured its shareholders nod for its proposed acquisition of Asian Finance Bank Bhd (AFB) at an extraordinary general meeting and court convened meeting today, says there would be no staff layoffs, "except for one or two management staff".

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