SINGAPORE: A Singapore firm headed by a scion of one of Asia’s richest families has bought a 49 percent stake in Rolling Stone, with plans to diversify the iconic magazine into new business including live events and merchandising.
PUTRAJAYA: Dorsett Putrajaya expects to achieve RM21million in revenue in its first year of operations by year-end.
KUALA LUMPUR: Khazanah Nasional Bhd sees a continuation of a pro-growth and pro-society focus in the upcoming Budget 2017.
UNITED States multinational conglomerate General Electric Co (GE) aims to be among the top 10 software companies with some US$15 billion (RM62 billion) of revenue by 2020.
KUALA LUMPUR: Lembaga Tabung Angkatan Tentera (LTAT) will launch several more property projects to “unlock potential” for its members.
EXCERPTS from an exclusive interview with General Electric Co (GE) chairman and chief executive officer (CEO) Jeffrey Immelt.
KUALA LUMPUR: The Trans Pacific Partnership (TPP) agreement is crucial to the United States to forge stronger economic ties with Southeast Asian countries such as Malaysia.
SEPANG: The super-jumbo Airbus A380 aircraft, which hit turbulence in terms of new orders of late, has a great future in the haj and umrah market, says Malaysia Airlines Bhd (MAS) chief.
SINGAPORE: Singapore’s BandLab Technologies will buy 49 percent of Rolling Stone magazine from publisher Wenner Media and plans to expand the business into new markets and boost its profile in Asia, the two companies said in a statement.
SEOUL: Hyundai Motor’s South Korean labour union staged its first full nationwide strike in 12 years on Monday over wages, putting the automaker’s earnings and sales targets at risk.
KUALA LUMPUR: The ringgit eased against the US dollar in the early session today, tracking a weaker oil market ahead of the three-day informal meeting of the Organisation of the Petroleum Exporting Countries (OPEC) in Algiers beginning today.
LONDON: Three-quarters of British company bosses are considering moving operations abroad following the vote to leave the European Union, according to a survey published on Monday.
KUALA LUMPUR: Malaysia will be amending 18 laws in its efforts to implement its Trans-Pacific Partnership Agreement (TPPA) commitment.
KUALA LUMPUR: Public and private partnerships with a rightly balanced regulation is the successful model in cultivating innovations in the financial industry, says World Bank Group finance and markets global practice director Sebastian Molineus.
KUALA LUMPUR: The banking landscape is set to undergo massive changes as disruptive technology, introduced by fintech companies, challenges the industry’s traditional practices.
KUALA LUMPUR: At least three firms including Peugeot maker PSA have signalled interest in a deal with ailing Malaysian carmaker Proton, people familiar with the matter said, as the faded brand's owner seeks to sell a stake in a company once seen as a symbol of the country's drive to industrialise.
KUALA LUMPUR: Budget carrier AirAsia Bhd has raised its concerns regarding the passenger service charge (PSC) new rate structure that would be implemented effective January 1 next year.
KUALA LUMPUR: British High Commissioner to Malaysia Vicki Treadell is eager about Malaysia’s annual event in central London tomorrow.
LONDON: Malaysia’s seventh annual promotional event, which opens here tomorrow, has a new tagline that showcases not only the country’s gastronomic delights and multicultural fabric but also its strengths.
PANAJI (INDIA): Palm oil prices are expected to remain firm until the end of the first quarter of next year as the El Nino weather pattern would have depleted the inventory, said a senior executive of Sime Darby Bhd yesterday.
KUALA LUMPUR: A technical correction saw the ringgit retreat versus the US dollar in early trade today after yesterday’s brief gain.
KUALA LUMPUR: Asia Pacific countries like Malaysia could see an impact, through trade and investment channels, if the US adopts a less proactive foreign engagement approach after their Presidential election.
PUTRAJAYA: Malaysia Airlines Berhad (MAB) signed a contract with CFM International, and a memorandum of understanding (MoU) with General Electric (GE) today.
KUALA LUMPUR: Global real estate consultancy Knight Frank has rated Malaysia as offering the best value for money for real estate investors in the world, and the highest yields and least volatility in the market across the Asia-Pacific region.
KUALA LUMPUR: A major shareholder of Bursa Malaysia-listed Multi Sports Holdings Ltd wants an investigation into the China-based shoe manufacturer’s affairs amid concerns over shrinking share price and failure to submit its accounts on time.
KUALA LUMPUR: The ringgit opened higher against the US dollar after the Federal Reserve (Fed) left the US interest rates unchanged at its two-day meeting that ended yesterday, a currency dealer said.
SEOUL: Hanjin Shipping shares surged as much as 28 percent in morning trade on Thursday after the board of Korean Air Lines, its biggest shareholder, approved lending 60 billion won (US$53.96 million) to the troubled container carrier.
TOKYO: Tokyo shares shot up and the yen sank after the Bank of Japan tweaked its policy measures Wednesday, as it ramped up its attempts to kickstart inflation.
KUALA LUMPUR: The upcoming 2017 Budget will unlikely have ‘big giveaways’ as the government seeks to maintain fiscal prudence to avoid any risk of sovereign outlook or ratings downgrade, according to United Overseas Bank (Malaysia) Bhd (UOB Malaysia).
GEORGE TOWN: Eco World Development Group Berhad (EcoWorld) is set to launch 4 new projects concurrently nationwide this Sunday under its 'EcoWorld’s Firsts' campaign.
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