MALAYSIA
Regulator probes gas firm
The Securities Commission is investigating oil and gas firm Serba Dinamik Holdings Bhd after the company’s auditors flagged issues last week, the regulator said yesterday. On Friday, Serba Dinamik said that KPMG raised issues over more than 3.5 billion ringgit (US$847.66 million) of contracts and transactions that the auditor had not been able to verify with 11 customers. The company said it saw no issue concerning the legitimacy and existence of the contracts and it did not expect any material impact in the financial year ending on June 30.
ELECTRONICS
Apple to expand stores
Apple Inc is to expand its global retail presence even as stores struggle with an accelerating shift to sales online during the COVID-19 pandemic, Germany’s Funke Mediengruppe reported….
