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Tesco mulling sale of Malaysia, Thailand operations
Britain’s biggest retailer, Tesco has signalled a further retreat from its once lofty global ambitions by starting a review of its remaining Asian businesses, which could result in a sale of those Thai and Malaysian operations. Celebrating its 100th anniversary,
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Saudi Aramco share prices spike due to world’s biggest IPO
RIYADH/DUBAI: State-owned oil giant Saudi Aramco’s initial public offering (IPO) will be the biggest in history, but will fall short of the towering US$2 trillion valuation long sought by Crown Prince Mohammed bin Salman. Aramco priced its IPO at 32
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India’s April-Sept edible oil imports drop 19%
NEW DELHI: India Commerce and Industry Ministry said the value of the country’s edible oil imports in the first six months of the current financial year dropped almost 19%. India imported 5.87 million tonnes of edible oil valued at US$3.59
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Ong Kian Ming: Government encourages technology in B2G sector
KUALA LUMPUR: The government is encouraging the development of technology and innovation to spur the growth of the business to government (B2G) sector especially in the Fourth Industrial Revolution (IR 4.0), said Deputy International Trade and Industry Minister Dr Ong
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Typhoon Kammuri: AirAsia cancel, reschedule flights to and from the Philippines
KUALA LUMPUR: AirAsia has cancelled and rescheduled a number of flights within as well as to and from the Philippines starting Monday until Wednesday due to Typhoon Kammuri, including the Kuala Lumpur – Manila route. AirAsia, in a statement, said
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US-China trade talks ‘stalled’ due to newly-passed HK law
A trade deal between United States and China was now “stalled because of Hong Kong legislation”, news website Axios reported yesterday, citing a source close to US President Donald Trump’s negotiating team. The deal was stalled also because time was
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Halal status boosts marketability of local products
KUALA LUMPUR: For a majority of consumers in this country, the halal status is one of the main considerations in their choice of food and beverage products when they go shopping. The halal stamp on the food and beverage packaging is
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AirAsia clinches world’s leading low-cost airline for seventh consecutive year
MUSCAT: AirAsia Bhd has clinched the world’s leading low-cost airline award for the seventh consecutive year by the World Travel Awards (WTA). The Malaysia-based low-cost carrier emerged as the winner ahead of other global airlines including Air Arabia, Easy Jet,
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Asian shares waver as Hong Kong tensions spoil the festive mood
Asian share markets wobbled today as concerns that tensions over Hong Kong may stymie a US-China trade deal cast a pall over Thanksgiving cheer from positive US economic data. US President Donald Trump yesterday signed into law legislation backing pro-democracy
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Oil slips as US stocks rise, but hopes for US-China trade deal stem losses
Oil eased today following an industry report showing a surprise build in US crude stockpiles, but hopes surrounding the signing of the first phase of a US-China trade deal prevented a bigger drop in prices. Brent crude futures LCOc1 dropped
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