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Alibaba’s Jack Ma unseats Indian tycoon Mukesh Ambani as Asia’s richest man
BEIJING: Indian energy tycoon Mukesh Ambani is no longer Asia’s richest man, relinquishing the title to Jack Ma after oil prices collapsed along with global stocks. The rout, exacerbated by mounting fears that the spread of the novel coronavirus will thrust
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Malaysia’s palm oil stocks fall 4.2% this month
KUALA LUMPUR: Malaysia’s total palm oil stocks fell 4.2% to 1.68 million tonnes in February 2020 from 1.76 million tonnes in January 2020. In a statement today, the Malaysian Palm Oil Board (MPOB) said crude palm oil (CPO) stock dropped by 0.23% to
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Najib urges new govt not to cancel projects approved by Pakatan
PUCHONG: Former prime minister Datuk Seri Najib Tun Razak urged the new government not to cancel off infrastructure projects approved by the previous Pakatan Harapan government. In a Facebook post today, Najib urged the Perikatan Nasional administration not to repeat
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Oil prices rise 4% after biggest one-day fall since 1991
SINGAPORE: Oil prices rose by more than US$1 todau after a price war by top producers Saudi Arabia and Russia sparked the biggest daily rout since the 1991 Gulf War, but investors saw little chance of a quick price recovery
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Shane Gong is Managing Director of Evercore’s Private Capital Advisory group
KUALA LUMPUR: Evercore today announced that Shane Gong has joined its Private Capital Advisory group (PCA) as Managing Director, leading the business across the Asia Pacific region, focusing on institutional investors and fund sponsors. To be based in Singapore, he has over
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SMEs urged to be strong to weather economic challenges
KUALA LUMPUR: Small and medium-sized enterprises (SMEs) need to be strong to withstand all the onslaughts and challenges coming their way, said The BrandLaureate world president Dr KK Johan. He said the SMEs, which are the country’s economic backbone, had
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2020 Forbes Malaysia Rich List: Robert Kuok retains top spot but wealth shrinks
SINGAPORE: Malaysia’s slowing economy, now getting hit by COVID-19 outbreak, has taken a toll on its tycoons, according to Forbes Asia in releasing it’s 2020 Forbes Malaysia Rich List today. Forbes Asia said the wealth of the country’s 50 richest fell
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MIEA: First-time buyers, renters should engage professional agents
KUALA LUMPUR: First-time property buyers and renters who are unfamiliar with real estate transactions should consider engaging the services of a registered estate agent or negotiator. In light of the endless number of cheating cases involving illegal brokers, the Malaysian
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COVID-19: Emirates airline asks staff to take one-month unpaid leave
DUBAI: Major international airline, Emirates is asking staff to take unpaid leave for up to a month at a time due to the rapidly spreading coronavirus that has led to flight cancellations around the world. Emirates has cancelled flights to
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U.S. futures climb, yen dips, Asia stocks mixed
U.S. stock futures rose after early wins in the Super Tuesday primaries by Joe Biden lessened the chance of the Bernie Sanders nomination that had unsettled some investors. The yen dipped and Japanese equities recouped early losses. Futures on the
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