Lim Oon Kuin, founder of Hin Leong, a now-defunct oil trader in Singapore, has been sentenced to 17-and-a-half years in prison for cheating HSBC and abetting forgery, involving $111.7m. The collapse of Hin Leong in 2020, one of Asia’s biggest fuel suppliers, led to a fleet sell-off, with Lim and his children agreeing to pay $3.5bn to liquidators and HSBC, while facing bankruptcy applications.
Full Article
How intlife is helping Malaysia combat energy wastage at home
Intlife Smart Home, a Malaysia-based green tech startup founded by CEO Kok Huang, is focused on combatting energy wastage in residential and commercial properties by providing energy-efficient solutions. Through IoT sensors and AI-driven energy management systems, the company optimizes energy consumption, cutting costs and reducing carbon footprints. With plans to expand regionally and contribute to Malaysia's net-zero emissions goal by 2050, intlife is positioning itself as a leader in energy efficiency and sustainability. Full Article
Read more