Malaysia's pulse on breaking news, politics and business.
Fashion retailer Padini Holdings saw its share price climb sharply after the Malaysian Anti-Corruption Commission unfroze the company's accounts, with no arrests, charges, or forfeiture proceedings initiated against the group.
Malaysia's institutional reform minister says investigations into alleged 'corporate mafia' activities must proceed independently and transparently, with the government remaining open to establishing a Royal Commission of Inquiry if necessary.
Australia's corporate regulator ASIC has launched a comprehensive review of audit conduct complaints across the Big Four accounting firms following serious allegations of misconduct at KPMG involving the misuse of confidential client data.
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A Sessions Court in Kuala Lumpur heard that a former Petronas manager's alleged leak of confidential information to Petros threatens to derail ongoing business negotiations between the two entities.
Gautam Adani's legal representatives have asked a Brooklyn federal judge to formally dismiss criminal charges against the Indian billionaire, following the US Justice Department's decision last month to discontinue its prosecution.
Malaysia's apex court has upheld a RM2 million compensation award for two company directors, determining they were wrongfully dismissed and entitled to back wages and reinstatement benefits.
KPMG Australia's chairman Martin Sheppard and two senior audit partners have resigned following allegations the firm improperly used confidential client data to secure audit contracts, marking escalating consequences from an ongoing governance crisis.
KPMG Australia is overhauling its leadership structure after whistleblowers exposed the firm's alleged use of confidential client information to secure contracts, prompting the chair and multiple partners to exit.
Shareholders have filed a lawsuit against Uber's board, claiming directors ignored warnings about sexual abuse by drivers and other compliance failures that exposed the company to thousands of lawsuits.
The Court of Appeal has upheld the Malaysian Anti-Corruption Commission's position in a case involving allegations of malicious investigation. The court determined that the lower court had misapplied legal principles when permitting a company director's claim against MACC.
GIIB Holdings Bhd has reinstated its founder Tai Boon Wee as non-executive chairman, marking his return to the company after securing clearance from the Malaysian Anti-Corruption Commission.
South Korean authorities are investigating Starbucks Korea's parent company Shinsegae Group following a promotional campaign launched on the anniversary of the 1980 Gwangju uprising that killed over 160 civilians, triggering widespread public anger and legal complaints.
The Kuala Lumpur High Court has set January 4 as the trial date for Hydroshoppe and its director in a corruption investigation. The proceedings are expected to span 20 days of hearings.