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19
Jun

Monterrey hold Inter Milan 1-1 at Club World Cup

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LOS ANGELES :UEFA Champions League finalists Inter Milan were held 1-1 by Mexican side Monterrey in their opening Group E game at the Club World Cup in Pasadena on Tuesday. Inter dominated possession at the outset but underdogs Monterrey struck first, grabbing the lead when 39-year-old defender Sergio Ramos leaped above two defenders to power home a header from a corner in the 25th minute. The Italians drew level three minutes before halftime when Kristjan Asllani’s floated free-kick into the box was played across the face of goal by Carlos...
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19
Jun

L’Oréal to Purchase Medik8 Skin Care Brand

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L’Oréal has acquired a majority stake in the premium skincare brand Medik8. This move strengthens L’Oréal’s Luxe portfolio by adding a science-backed brand with a strong potential for global growth. Medik8’s founder, Eliot Isaacs, will remain on the board, and its management team will stay in place. Inflexion, a private equity firm, will retain a minority stake. The acquisition highlights L’Oréal’s commitment to expanding in the prestige skincare market, leveraging Medik8’s in-house developed products and its innovative CSA Philosophy. Financial details are undisclosed, but the deal is valued at approximately...
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19
Jun

PPB faces higher risk premium after Wilmar’s US$729m deposit in Indonesia case

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KUALA LUMPUR (June 18): Investors will demand a higher risk premium for PPB Group Bhd (KL:PPB) after associate and main profit contributor Wilmar International Ltd was charged by Indonesia’s Attorney General Office (AGO), according to Kenanga Research. Wilmar denies any wrongdoing after being charged in April over an alleged corruption conspiracy, and has placed a US$729 million (RM3.1 billion) security deposit with the AGO pending a Supreme Court decision. “We believe this development is likely to raise the risk premium for the group, and could pose an overhang so long as it...
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19
Jun

Review: Anua Heartleaf Quercetinol Deep Clean Pore Foam

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Anua Heartleaf Quercetinol Pore Deep Cleansing Foam Review I’ve been using the Anua Heartleaf Quercetinol Pore Deep Cleansing Foam for the past nine months, and it’s become an essential part of my skincare routine. Skin Type I have combination skin that’s super reactive, with a dry T-zone and oily areas elsewhere. This cleanser is one of the few that doesn’t cause breakouts or flare-ups for me. Benefits and Experience Texture & Scent: It foams beautifully and has a pleasant, faint herbal scent that I find refreshing. Performance: It effectively cleans...
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19
Jun

Wilmar International submits security deposit of 11.9 tril rupiah for corruption charges against Indonesian subsidiaries

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Wilmar International and its subsidiaries have placed a security deposit of 11.9 trillion rupiah ($930 million) for “corrupt actions” carried out in 2021 during a shortage of cooking oil in the Indonesian market. In April, the Indonesian Attorney General’s Office (AGO) brought charges against five of Wilmar’s subsidiaries, Multimas Nabati Asahan, Multi Nabati Sulawesi, Sinar Alam Permai, Wilmar Bioenergi Indonesia and Wilmar Nabati Indonesia, for the harming of state finances, unauthorised profits and harming the business sector. The alleged actions took place during July 2021 and December 2021. Later, the...
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