Business
Back to homepage
HSBC CEO’s surprise exit, $1 billion share buyback
LONDON: HSBC announced the surprise departure of Chief Executive Officer John Flint, saying the bank needed a change at the top to address “a challenging global environment”, even as it posted a 16% rise in half-yearly profit. The change comes
Read More
Anwar-Azmin infighting: Investors opting for Vietnam over Malaysia?
PUCHONG: Foreign investors may opt for Vietnam over Malaysia due to the political uncertainty created from PKR’s internal infighting involving its top two leaders: president Datuk Seri Anwar Ibrahim and deputy, Datuk Seri Azmin Ali over the Prime Minister position,
Read More
PNB plans to take ASNB into online banking platform
KUALA LUMPUR: Permodalan Nasional Berhad (PNB) expected to collaborate with all its 10 banking agents to place Amanah Saham Nasional Bhd (ASNB) platform on their online banking platform by end of next year. PNB according to its chief technology officer
Read More
Maxis reports RM397 mln in net profit for Q2 2019
KUALA LUMPUR: Maxis Bhd’s net profit stood at RM397 million for the second quarter ended June 30, 2019 (Q2 2019) compared with RM478 million posted in the same period last year. Revenue eased to RM2.21 billion from RM2.23 billion previously,
Read More
Prioritise klia2 issues, MAHB
KUALA LUMPUR: AirAsia Group Bhd has called on Malaysia Airports Holdings Bhd (MAHB) to prioritise more critical operational and passenger experience issues at the Kuala Lumpur International Airport’s second terminal (klia2) rather than the proposed plans to integrate klia2 with
Read More
Fears grow for India’s missing coffee king
BANGALORE: Indian police on Tuesday launched a major hunt for coffee tycoon V.G. Siddhartha, amid mounting fears for the billionaire who admitted in a letter before disappearing that he had “failed as an entrepreneur”. The founder of the Cafe Coffee
Read More
Malaysia, India’s new top palm oil supplier
MUMBAI: Malaysia is set to replace Indonesia as the top palm oil supplier to India in 2019 as New Delhi has been charging lower import tax on refined palm oil shipments from Malaysia, giving Kuala Lumpur an edge over Jakarta,
Read More
Bank of Japan hints at more easing if inflation sputters, keeps policy steady
TOKYO: The Bank of Japan held off on expanding stimulus on Tuesday but signaled its readiness to do so “without hesitation” if a global slowdown jeopardizes the country’s economic recovery. Growing fallout from the U.S.-China trade war has prompted major
Read More
AirAsia: No more processing fee for online banking and credit card customers
KUALA LUMPUR: Low-cost carrier AirAsia Group Bhd says it will remove the processing fee for passengers who pay either through online banking and credit card from October. “We still have some charges to drive traffic to cheaper, safer and less
Read More
Singapore to stop production of ‘Sling’ LNG price indices
SINGAPORE: Singapore’s Energy Market Company (EMC) will stop producing and publishing price indices for liquefied natural gas (LNG) in the city-state known as ‘Sling’, the company said in an undated statement on its website. EMC said Sling – short for
Read More