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Nestle sacks CEO over office affair, installs Nespresso chief as replacement
GENEVA, Sept 2 — Swiss food giant Nestle on Monday dismissed Laurent Freixe as chief executive with immediate effect over an “undisclosed romantic relationship with a direct subordinate”. The multinational behind Nespresso coffee capsules and KitKat chocolate bars said Freixe’s
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KUALA LUMPUR, Sept 2 — Bursa Malaysia started the week on a softer note, with muted trading after the long weekend. The exchange was closed yesterday for the replacement National Day public holiday while Wall Street was closed yesterday in
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Ringgit edges up against US dollar ahead of Bank Negara policy meet, US jobs data
KUALA LUMPUR, Sept 2 — The ringgit opened higher on Tuesday but is likely to trade cautiously today as traders will be observing Bank Negara Malaysia’s (BNM) Monetary Policy Committee meeting this Thursday, along with the United States (US) non-farm
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Cathay Cineplexes shuts its doors in Singapore amid mounting financial challenges
SINGAPORE, Sept 2 — Cathay Cineplexes has ceased operations after its parent mm2 Asia said the cinema chain would enter creditors’ voluntary liquidation. The operator told the Singapore Exchange on Monday it was no longer feasible for Cathay to continue,
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Parents, students uneasy as Singapore schools roll out tough anti-vaping rules
SINGAPORE, Sept 2 — Parents and students say they are unsettled by Singapore’s tough new anti-vaping measures in schools, warning teenagers may simply find new ways to dodge them. The Ministry of Education last week revealed that more than 260
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Grab CEO extends support in Indonesia following driver casualties amid protests
PETALING JAYA, Sept 2 — Just hours after attending the National Day celebrations in Putrajaya on Sunday, Grab CEO Anthony Tan travelled to Makassar to stand in solidarity with the Grab community in Indonesia, which has been deeply affected by
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ECRL to spur jobs, investments with new logistics hubs and industrial parks
KUALA LUMPUR, Sept 2 — The government plans to attract more investments and create new logistics hubs and industrial parks along the route of the East Coast Rail Link (ECRL) project. Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul
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Malaysia monitoring situation after Afghanistan-Pakistan quake kills 800, no citizens affected
PUTRAJAYA, Sept 2 — No Malaysian in Pakistan has been reported affected following the magnitude 6.0 earthquake that struck eastern Afghanistan, near the border with Pakistan, late Sunday, which has killed at least 800 people and caused widespread damage. In a media
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MyKasih boosts SARA terminal capacity by 60pc as RM91 million spent in two days
KUALA LUMPUR, Sept 2 — MyKasih Foundation has increased the processing capacity of its Sumbangan Asas Rahmah (SARA) terminal by 60 per cent (pct) to ensure smooth transactions nationwide. In a statement on Facebook yesterday, the foundation announced that the MyKasih
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In Tianjin, Anwar supports China’s Global Governance Initiative, says UN powerless in Gaza crisis
TIANJIN, Sept 2 — Prime Minister Datuk Seri Anwar Ibrahim has called for urgent reform of the global governance structures, warning that the failures of the current multilateral system have left the world unable to prevent atrocities and aggression. He said
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