FOUR news stories for you this Friday morning!
Thailand’s anti-corruption agency is charging Thai PM Yingluck Shinawatra with negligence. It was claimed the government has given out too much (much/many?) rice subsidies to farmers that left the fund of the scheme dry. Also, Blackstone has agreed with Italy’s Versace that it will take a 20 percent stake, injecting 150 million euros of capital and buying 60 million euros from its family holding company, GIVI Holdings. Besides that, sales and profits of Abercrombie has dropped in the last quarter by 12 and 58 percent respectively.
Finally, Telekom Malaysia Berhad has passed the RM10 billion revenue mark with RM10.63 billion in the last financial year, awarding shareholders in dividends with 16.3 sen per share.