UK PM Johnson questions BBC’s licence fee funding
LONDON, Dec 9 — British Prime Minister Boris Johnson today questioned why the BBC should continue to be supported by an annual fee paid by all viewing households, one of the biggest hints to date th...
EU opens subsidies for electric battery push
BRUSSELS, Dec 9 — The EU’s powerful anti-trust authority today approved billions of euros in subsidies from seven member states as Europe seeks to make up lost ground in batteries.
Yusoff Rawther gives statement to Bukit Aman
KUALA LUMPUR (Dec 9): Muhammed Yusoff Rawther recorded his statement at Bukit Aman here today pertaining to his allegations that he was sexually assaulted by PKR president Datuk Seri Anwar Ibrahim.
ARB terminates MoU for Cambodian market entry
KUALA LUMPUR (Dec 9): ARB Bhd has terminated a Memorandum of Understanding (MoU) that was aimed at facilitating the group’s foray into Cambodia to implement the enterprise resource planning (ERP) sy...
Prosus hikes hostile bid for Just Eat
LONDON, Dec 9 — Prosus, Europe’s largest consumer-tech company, said today it has hiked its hostile takeover bid for Just Eat, in an attempt to derail the latter’s merger deal with peer Takeaway...
Bursa Malaysia ends lower on subdued sentiment
KUALA LUMPUR, Dec 9 — Bursa Malaysia finished lower today on subdued sentiments as weak export data from China, the country’s biggest trading partner, signalled weakness for the broader Asian econ...
Petronas stocks, Tenaga weigh on KLCI, plantations shine
KUALA LUMPUR: Petronas-linked stocks, Tenaga Nasional and Public Bank weighed on the FBM KLCI on Wednesday on continued fund selling but plantations brightened the gloomy market as crude palm oil (CPO) futures rallied past RM2,900.
King on special visit to UK
KUALA LUMPUR (Dec 9): Yang di-Pertuan Agong Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah is making a special visit to the United Kingdom (UK) from today till Dec 16.
Tokyo stocks close up for third straight session
TOKYO, Dec 9 — Tokyo stocks rose for a third consecutive session today, extending rallies on Wall Street as investors closely watched key events this week including central bank meetings and the UK ...
Sanofi to buy Synthorx for US$2.5b to expand in cancer
LONDON: French pharma giant Sanofi agreed to buy Synthorx Inc. for $2.5 billion, more than double the U.S. biotech company’s last market price, accelerating its push into the field of cancer under new Chief Executive Officer Paul Hudson.
A US$1b grudge drove GM’s shock suit against Fiat Chrysler
SOUTHFIELD: General Motors Co. executives had laid the groundwork for a new labour agreement with the United Auto Workers union in September 2015. The company had met most of the union’s demands with a proposal that would have boosted pay and benefits by almost $1 billion over four years.
Frankly Speaking: What about FIC’s board?
Last month, the Federal Land Development Authority (FELDA) and its subsidiary, Felda Investment Corp Sdn Bhd (FIC), filed a suit against 21 parties in an attempt to cancel land ownership transfer inst...
Bank Rakyat 9M PBTZ up 4% to RM1.29b
KUALA LUMPUR: Bank Rakyat Group's profit before tax and zakat (PBTZ) for the nine months ended Sept 30,2019 rose by 4% to RM1.29bil, underpinned by financing and treasury activities.
Maxis scores award hat trick
KUALA LUMPUR (Dec 9): Maxis Bhd achieved a hat trick when it made a clean sweep of highly coveted brand accolades at the Malaysia Effie Awards 2019, Kancil Awards 2019, and Putra Brand Awards 2019.
All eyes on Lagarde’s ECB debut this week
FRANKFURT, Dec 9 — Christine Lagarde delivers her first monetary policy announcements as ECB president on Thursday, with observers set to scrutinise every word for hints of the bank’s future direc...
Natural rubber production falls 21.4pc in Oct 2019
KUALA LUMPUR, Dec 9 — Malaysia’s natural rubber production in October 2019 decreased by 21.4 per cent to 48,549 tonnes from 61,731 tonnes in the preceding month, said the Department of Statistics ...
Bursa Malaysia ends morning session lower
KUALA LUMPUR, Dec 9 — Bursa Malaysia ended the morning session lower today amid worries over uncertainties surrounding negotiations to broker a trade deal between the United States and China.
Chinese policymakers expected to be flexible in drive for economic growth
CHINESE policymakers will likely be more flexible when setting next year's growth target, showing greater tolerance for slower growth in exchange for policy leeway to carry out longer-term reform objectives that are crucial to the country's high-quality development, analysts said on Sunday.
Sentiment turns sour one week ahead of US tariffs deadline
KUALA LUMPUR: The local equities market turned to consolidation on Monday as a positive US jobs data report over the weekend failed to inspire optimism in the global economy as the deadline for fresh US tariffs on Chinese imports loomed.
Leverage local tech, expertise for growth
NATIONAL agendas such as the Shared Prosperity Vision 2030 and the Ministry of International Trade and Industry’s (Miti) National Policy on Industry 4.0 (Industry4WRD) are emphasising the use of emerging technologies to fast-track industry transformation in order to spur economic growth.
Getting credit management right
BEING a business owner in this day and age can prove to be an uphill challenge, especially when the company is still in its infancy.
Swedish startup tunes into original music demand
EPIDEMIC Sound, backed by Spotify’s investors, is one of a new wave of music companies expanding rapidly on the back of demand for easy access to original music from commercial users, especially YouTubers.
Golden years over for Latitude Tree
SHAH ALAM: While the worst is over for furniture maker Latitude Tree Holdings Bhd, its managing director Lin Chin Hung is quick to add that the company’s “golden years are [also] over”.
Axis REIT hungry for more assets
KUALA LUMPUR: Axis Real Estate Investment Trust (REIT) is in talks with several parties on buying more assets, a clear indication that it does not intend to slow down in its acquisition spree.
Japan third-quarter GDP growth revised up
TOKYO, Dec 9 — Japan’s growth in the July-September quarter was greater than initially estimated, thanks to strong pre-tax hike consumption and corporate investment, government data showed on Mond...
Saudi energy minister is confident of Opec+ unity
VIENNA: The Organisation of the Petroleum Exporting Countries (Opec) and its allies would only ease supply curbs and pump more oil once global crude inventories fall and pricing reflects a tighter market, Saudi Arabia’s energy minister told Reuters.
AOC, Sanders say I told you so, as Amazon, Facebook move to NYC
San Francisco: Democratic Representative Alexandria Ocasio-Cortez (AOC) and Presidential candidate Bernie Sanders are taking a victory lap after Amazon.com Inc and other technology giants leased millions of sq ft of office space in New York City – without the billions of dollars in government support that Amazon tried to negotiate earlier this year.
South Korea invests in fintech unicorn
THE Finance Ministry announced last Wednesday plans to establish a 12 trillion won (RM42bil) fund to help support competent startups scale up as unicorns, allocating 300 billion won exclusively for fintech firms.
7-Eleven soon to
be pharmacy play
PETALING JAYA: 7-Eleven Malaysia Holdings Bhd is looking to get a foothold in the thriving Malaysian pharmaceutical industry following its proposed acquisition of Caring Pharmacy Group Bhd recently.
Building global success
MORE than 15 years after Muhibbah Engineering (M) Bhd (MEB) received Construction Industry Development Board (CIDB) Malaysia’s International Achievement Award, it still retains its position among the top Malaysian construction companies for its global reach.
Work-life balance in the spotlight
KUALA LUMPUR: What is a long festering issue in Malaysia and around the world was thrust into the spotlight by the International Advertising Association (IAA) Malaysia at its recent forum series event.
Loke: Consider consolidation to strengthen shipbuilding industry
LONDON: Local shipbuilding companies could consider consolidation to achieve better economies of scale amid a challenging environment that has resulted in mega-mergers and alliances among the super powers in the sector globally, according to Transport Minister Anthony Loke Siew Fook.
Appetite for non-rated bonds
PETALING JAYA: The appetite for non-rated bonds, which was once thought to be “inferior” to their rated counterparts, is fast gaining traction in Malaysia.