Daughter of Malaysian Tycoon Gives Up Inheritance for Love

Agencies
August 5, 2017

London, Aug 5: Angeline Francis Khoo, the daughter of Malaysian tycoon Tan Sri Khoo Kay Peng, has revealed that she gave up her share of the family fortune to marry the man her father had disapproved of.

Kay Peng, the 78-year-old is the chairman of Malayan United Industries, an investment holding firm with substantial stakes in lifestyle brand Laura Ashley UK and the Corus group of luxury hotels.

Forbes, which estimated his net worth at US$300mil (RM1.27bil), ranked him 44th on its list of Malaysia's 50 richest people in 2015.

Angeline, the fourth of Kay Peng's five children with his ex-wife and former Malaysian beauty queen Pauline Chai, met Carribean-born data scientist Jedidiah Francis while studying at Oxford University in 2008.

Kay Peng and Chai married in 1970, and had five children before splitting up in 2013. They have spent more than £6 million (RM34mil) between them on lawyers to fight their financial dispute, according to The news agency.

Angeline told her father she wanted to marry Francis but he refused to give her his blessing.

"I believed dad's stance was wrong, so there was no question about what was right," she said in the interview.

"I've been fortunate to have that perspective: you can have money and it's a blessing; it allows you to do things and gives you options, but there are also things that come with it, such as control.

"Money amplifies negative characteristics and that can cause problems. To walk away from that was actually very easy. I didn't even consider it."

The couple reportedly wed in the chapel of Pembroke College where Francis worked.

It was a modest £1,500 affair attended by 30 guests, with no one from the Khoo family attending.

Until her marriage, she appeared destined to work for the family business.

She spent her university holidays (she first moved to Britain in 2001 to study law at the University of Buckingham) working in the different departments of Laura Ashley, as the plan was that she would get involved in the retail side of the company.

Now a fashion designer, she also claimed she had no idea about the size of her father's wealth until it was revealed in court during a long-running divorce saga between her parents, who were married for 43 years.

Her father was ordered by a British court in April this year to pay £64mil to her 68-year-old mother as settlement for their divorce, which the latter filed for on Valentine's Day in 2013 citing his "unreasonable behaviour".

Angeline was the only witness called in her parents' divorce.

She expressed hope in the interview that her father could one day "let go of his anger and his hurt" so they could share a cordial relationship.

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Agencies
February 25,2020

Tokyo, Feb 25: Japan's Chitetsu Watanabe, recognized at 112 years as the oldest man in the world, has passed away 11 days after he received the Guinness World Record certificate, his family said on Tuesday.

Watanabe died on Sunday night, Efe news reported.

He received the official certificate on February 12 at a nursing home in Joetsu in Niigata prefecture, where he resided.

Soon after being certified as the oldest man, he began to experience a lack of appetite and respiratory problems, the wife of his eldest son told public broadcaster NHK.

Born on March 5, 1907 in a family of farmers, Watanabe moved at the age of 20 to Taiwan, where he worked at a sugar refinery for 18 years before returning to Japan after the end of World War II.

A fan of calligraphy, custard and ice cream, Watanabe told the Guinness team that the key to his long life was laughter.

He was recognized as the oldest male in the world following the deaths in 2019 of German Gustav Gerneth (in October), aged 114 years, and Japan's Masazo Nonaka (in January), at the age of 113, three months older than the German.

It remains to be seen who will be recognized after the death of Watanabe, the only male on the list drawn up by the Gerontology Research Group of the 30 oldest people in the world.

Japan has among the highest life expectancy in the world and the number of centenarians in the country has crossed 71,000, according to the latest government figures.

Since 2000, the number of centenarians censored has quintupled, raising concern for the economic outlook and future workforce of the country - where the birthrate is on a downward trend.

Out of these, 88 per cent are women.

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Agencies
March 18,2020

Thiruvananthapuram, Mar 18: To raise awareness about protective measures against coronavirus, Kerala Police released a dance video on the State Police Media Centre's Facebook page promoting the washing of hands, here on Tuesday.

In the video, the police officers were seen dancing to the tunes of Kalakkatha from the Malayalam action-drama thriller Ayyappanum Koshiyum while demonstrating the right technique for washing hands.

The video gained over 27,000 likes and over 2,400 comments and more than 33,000 netizens shared the video.

The video has received a positive response with users congratulating Kerala Police for the initiative.

"Congrats Kerala police media for this kind of initiative," one user commented on Facebook. Another user thanked the police in the comments section saying, "Super super thanks to KL (Kerala) police."

The number of people who have tested positive for the coronavirus in Kerala is 25.

The total number of confirmed COVID-19 cases in India has reached 147, including 122 Indians and 25 foreign nationals, said the Ministry of Health and Family Welfare earlier today.

Globally, the virus has infected more than 184,000 people and killed more than 7500, as per the data available on the World Health Organisation website.

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Agencies
July 13,2020

New Delhi, Jul 13: The Income Tax Department has facilitated a new functionality for banks and post offices to ascertain TDS applicability rates on cash withdrawal of above Rs 20 lakh in case of a non-filer of the income-tax return and that of above Rs 1 crore in case of a filer of the income-tax return.

In a statement, the Central Board of Direct Taxes (CBDT) said that now banks and post offices have to only enter the PAN of the person who is withdrawing cash for ascertaining the applicable rate of TDS.

So far, more than 53,000 verification requests have been executed successfully on this facility, a statement by the CBDT said.

"CBDT today said that this functionality available as 'Verification of applicability u/s 194N' on www.incometaxindiaefiling.gov.in since 1st July 2020, is also made available to the Banks through web-services so that the entire process can be automated and be linked to the Bank's internal core banking solution," it said.

On entering PAN by the bank or the post office, a message will be instantly displayed on the departmental utility: "TDS is deductible at the rate of 2 per cent if cash withdrawal exceeds Rs 1 crore", in case the person withdrawing cash is a filer of the income-tax return.

In case the person withdrawing cash is a non-filer of income tax return, the message shown would be: "TDS is deductible at the rate of 2 per cent if cash withdrawal exceeds Rs 20 lakh and at the rate of 5 per cent if it exceeds Rs 1 crore."

The CBDT said that the data on cash withdrawal indicated that huge amount of cash is withdrawn by the persons who have never filed income-tax returns.

To ensure filing of return by these persons and to keep track on cash withdrawals by the non-filers, and to curb black money, the Finance Act, 2020 with effect from July 1, 2020 further amended IT Act to lower threshold of cash withdrawal to Rs 20 lakh for the applicability of this TDS for the non-filers and also mandated TDS at the higher rate of 5 per cent on cash withdrawal exceeding Rs 1 crore by the non-filers.

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