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OCBC offers US$5 billion for HK’s Wing Hang Bank

OCBC offers US$5 billion for HK’s Wing Hang Bank

(1 Apr) - Oversea-Chinese Banking Corp. offered HK$38.4 billion ($5 billion) to buy Wing Hang Bank Ltd. (302) in the biggest takeover of a Hong Kong lender since 2001 to gain a foothold in the expanding Chinese financial hub. Southeast Asia’s second-largest lender will pay HK$125 a share in cash, it said in a statement today.... 

MH370: British submarine joins the hunt

MH370: British submarine joins the hunt

HMS Tireless arrives in the Indian Ocean. (Photo: Chris Ison/PA) (2 Apr) - The British submarine HMS Tireless has arrived in the Indian Ocean on Tuesday night to help with the search for flight MH370. The vessel will help with efforts to find the plane's black box recorder in order to piece together its final moments, as a transcript... 

Govt should sue over false reporting, says Hishammuddin

Govt should sue over false reporting, says Hishammuddin

(1 Apr) - The government should take legal action against media establishments that had falsely reported the Flight MH370 saga, said acting Transport Minister Datuk Seri Hishammuddin Hussein. “We have been compiling all the false reports since Day 1. When the time is right, the government should sue them,” Hishammuddin said. He... 



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