Malaysiakini has paid RM500,000 Federal Court fine

PUTRAJAYA (Feb 23): Mkini Dotcom Sdn Bhd, the company that operates news portal Malaysiakini, had today paid the RM500,000 fine imposed by the Federal Court for contempt of court after Malaysiakini failed to establish that it had no knowledge of five readers comments which were offending to the judiciary.

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Supermax founder Stanley Thai buys luxury US condominium

KUALA LUMPUR (Feb 23): Rubber glove manufacturer Supermax Corp Bhd founder Datuk Seri Stanley Thai Kim Sim and his wife Datin Seri Cheryl Tan Bee Geok has acquired a 3,438-square-foot luxury condominium in Sunny Isles Beach within the US state of Florida, The Real Deal reported, citing property records.

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Banks unlikely to deliver stellar results for 4Q20

KUALA LUMPUR (Feb 23): Higher provisioning is expected to have a weakening effect on Malaysian banks' profitability in the fourth quarter of 2020 (4Q20), due to be released this week, given the need to cushion the economic and financial shocks from the Covid-19 pandemic.

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