Malaysia finance minister / Philippines health mismanagement / Japan corporate governance

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Malaysia’s ex-finance minister Lim Guan Eng arrested on corruption charges linked to RM6.3b Penang undersea tunnel.  “Malaysia's former finance minister Lim Guan Eng was arrested by the country's anti-graft bod…following weeks of a probe into an RM6.3 billion [approx. US$ 1.5 billion] undersea tunnel project that was green-lit during his tenure as Penang chief minister.”

Ram Anand/The Straits Times: https://www.straitstimes.com/asia/se-asia/ex-finance-minister-lim-guan-eng-arrested-by-malaysias-anti-graft-body

 

Top PhilHealth exec resigns as corruption allegations hound agency.  Brig. Gen. Augustus de Villa, “[a] top official of the Philippine Health Insurance Corp. (PhilHealth) resigned as the agency is hounded by fresh allegations of corruption…[involving] the procurement of alleged overpriced IT equipment; a supposedly questionable release of funds under the corporation’s Interim Reimbursement Mechanism (IRM); and the alleged manipulation of the corporation’s financial status.”

Christia Marie Ramos/Inquirer.net: https://newsinfo.inquirer.net/1317684/top-philhealth-exec-resigns-as-corruption-allegations-hound-agency

 

Japan: effective governance for a swifter recovery.  “The Covid-19 crisis…has exposed companies living on the edge; while those companies that have embedded good governance in the form of strong financial stewardship, sound employment practices and effective supply chain management have been able to sustain profitability and, most importantly, recover quicker.”

Hisashi Arakawa/New Statesman: https://www.newstatesman.com/spotlight/investment/2020/08/japan-effective-governance-swifter-recovery

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