Top Abu Dhabi executives implicated in 1MDB scam believed to have been convicted

KUALA LUMPUR (Feb 5): Were the two top executives of the Abu Dhabi wealth fund implicated in the 1MDB scandal convicted and jailed two days ago in the United Arab Emirates? According a Feb 3 news report by the Khaleej Times, the Abu Dhabi Criminal Court had sentenced a former senior management executive of a government-owned company and its chief executive officer (CEO) to 15 years in prison for money laundering.

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Non-financial corporate debt servicing capacity still above prudent level in 1H20

KUALA LUMPUR (Oct 14): Despite the expected weakening in financial health among non-financial corporates (NFCs) due to the Covid-19 pandemic, the aggregate indicator of the debt- servicing capacity of NFCs has remained above the prudent threshold, reflecting the reasonably healthy financial conditions prior to the pandemic, according to Bank Negara Malaysia's (BNM) Financial Stability Review for the first half of 2020 (1H20).

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Government has important role in pushing new building technology

PETALING JAYA (Sept 16): Government’s role is crucial in supporting the rollout of new construction technologies in the country and regulation is also important for the industry players to adapt to new building methods, said Hong Kong-based Ho & Partners Architects (HPA) executive chairman Nicholas Lik Chi Ho.

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