- A + A Henry Tan Poh Hock (Photo credit: corporate.astro.com.my) KUALA LUMPUR (Sept 26): Astro Malaysia Holdings Bhd's Henry Tan Poh Hock will be retiring as its group chief executive officer on Jan 31, 2023. Tan, who joined the Astro group in 2008, will continue as adviser to strengthen Astro's content pipeline to serve the group's businesses and platforms, it said in a filing on Monday (Sept 26). For its succession plan, the satellite television operator appointed its current group chief operating officer Euan Daryl Smith as group CEO designate with immediate effect. Smith will assume the role of group CEO on Feb 1, 2023, Astro said. Euan Daryl Smith (Photo credit: corporate.astro.com.my) "Euan joined Astro as group COO and CEO, pay TV in 2020, and brought with him immense pay TV experience, having held senior leadership roles in Sky UK and Fox US," it said. "He was a key member of the team that engineered Sky Germany's successful turnaround and … [Read more...] about Astro’s Henry Tan to retire in January 2023; Euan Daryl Smith appointed group CEO designate
Appointment of chairman of the board
Share to Twitter Share to Linkedin The club of U.S. central bankers appears jittery, but it’s not because of interest rates, unemployment, or mortgage-backed securities. It’s because of Congress. The Fed appears particularly nervous that Congress will pass Rand Paul’s audit bill and some version of the Federal Reserve Accountability and Transparency Act (the FRAT Act). Alan Blinder, a former vice chair at the Fed, recently took to the pages of the Wall Street Journal to blast the idea of restricting the Fed with, among other things, the FRAT Act. Richard Fisher and Charles Plosser, presidents of Federal Reserve District Banks in Dallas and Philadelphia, respectively, criticized the audit idea in an interview with The Hill last week . Plosser noted that the Fed is already subject to limited audits. He also warned that Paul’s audit bill “runs the risk of monetary policy decisions being based on short-term political considerations instead of the … [Read more...] about The Fed Is Nervous, And Maybe That’s A Good Thing
Former Malaysian prime minister Datuk Seri Najib Razak escorted by Kajang prison officers at the Kuala Lumpur Court Complex for his 1MDB-Tanore trial on Monday, Sept 26, 2022.(Photo by Zahid Izzani/The Edge) - A + A KUALA LUMPUR (Sept 26): The High Court here was told on Monday (Sept 26) that RM2.08 billion was deposited into former prime minister Datuk Seri Najib Abdul Razak’s AmBank private accounts in early 2013, according to the bank’s branch manager. During the 1Malaysia Development Bhd (1MDB)-Tanore trial, Ambank (M) Bhd Jalan Raja Chulan branch manager R Uma Devi, who is the prosecution witness, testified before judge Datuk Collin Lawrence Sequerah that between March 22 and April 10, 2013, there were nine deposits into Najib’s “694” AmBank account, which amounted to RM2,081,476,926.00. Uma Devi, who was detailing the monetary inflows and outflows of Najib’s account, also testified in court that RM2.03 billion (or RM2,034,350,000 to be exact) left the … [Read more...] about 1MDB-Tanore trial: RM2.08b transferred into Najib’s personal accounts in 2013, says bank officer
Share to Twitter Share to Linkedin Donald Trump has signed into law the most comprehensive reform of U.S. tax code in 31 years, bringing him his first significant legislative success as president. Among its sweeping effects on the economy, the legislation, called the Tax Cuts and Jobs Act , is likely to have significant effects on the economics of higher education, and particularly on colleges’ budgets. The Act will have the effect of constraining several of colleges’ biggest sources of revenue, while expanding other sources. The overall impact on the rapid growth of tuition will vary broadly between states and types of colleges, but the preponderance of the legislation’s immediate adverse effects are concentrated among wealthy colleges that primarily serve wealthy students. Average Annual Cost Of a 4-Year Degree, In-State, At Public Institutions, 2015-16 (Thousands of ... [+] Dollars Per Full-Time Academic Year of Tuition, Fees, Room, and … [Read more...] about Tax Reform — A Boon To Colleges — Will Increase Scrutiny Of Public Colleges In High-Tax States
Share to Twitter Share to Linkedin (AP Photo/Jon Elswick, File) Want to achieve the American Dream of becoming a small business owner but don’t want to spend years establishing your brand? Then the franchise system is for you. If you’re not familiar with the franchise system, it’s difficult to understand just how powerful it is. For a small fee and percent of revenues, almost anyone can immediately become a small business owner of an established brand that will attract customers based on reputation and marketing. Other than following basic product offerings and quality control, franchisees have complete say over their business. In return, franchisors get to see their brand grow. This win-win relationship has made the franchise system one of the most successful business models in U.S. history. It is responsible for 13.3 million jobs and $1.6 trillion of GDP . As the former president of McDonald’s and current chairman of FAT Brands Inc., I’ve had … [Read more...] about I’ve Spent Half a Century Witnessing Power of the Franchise System. This NLRB Decision Threatens It.
Share to Twitter Share to Linkedin The Tax Cuts and Jobs Act , Donald Trump’s first significant legislative success as president, is the most comprehensive reform of U.S. tax code in three decades. Among its broad effects, the legislation is likely to have a large impact on higher education. The Federal Reserve Bank of St. Louis recorded an upward revision of 0.5% on it’s Nowcast short-term GDP forecast during the second half of 2017, during which the legislation was publicly discussed and passed. Historically, growing economic activity is correlated with reduced college enrollment, as the labor market heats up and there are more attractive jobs available. The tax bill will also have significant economic effects on the budgets of all types of colleges. In this article, I’m going to focus on the legislation’s likely effect on one large source of colleges’ revenue: taxpayers’ charitable contributions to public and private nonprofit colleges. In two other … [Read more...] about The GOP Tax Bill Is Likely To Reduce Contributions To Elite Colleges That Serve Wealthy Students