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Defense Minister’s Office-Najib does not understand sale of Hotel Royale Chulan

KUALA LUMPUR, March 11: The Defence Minister’s Office today said former Prime Minister Datuk Seri Najib Tun Razak still did not understand the process in the sale of Hotel Royale Chulan in Bukit Bintang, owned by Boustead Holdings despite providing

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MAS offers up to 30% discounts at Matta Fair

KUALA LUMPUR: Malaysia Airlines (MAS) will offer discounts of up to 30% on airfares to local and international destinations during the Malaysian Association of Tour and Travel Agents (Matta) Fair. It has been appointed as the Matta Fair official airlines for

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Brexit fallout on UK finance intensifies

LONDON: More than 275 financial firms are moving a combined $1.2 trillion in assets and funds and thousands of staff from Britain to the European Union in readiness for Brexit at a cost of up to $4 billion, a report

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Petronas announces RM30bln special dividend for FY18

KUALA LUMPUR, March: Petroliam Nasional Bhd (Petronas) will deliver RM54 billion in the dividend to the government, including a special dividend of RM30 billion for the financial year ended Dec 31, 2018, said the president and group chief executive officer,

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Huawei sues US over government ban on its products

HONG KONG/WASHINGTON: Chinese telecoms equipment maker Huawei Technologies sued the U.S. government on Thursday saying a law limiting its U.S. business was unconstitutional, ratcheting up its fight back against a government bent on closing it out of global markets. Huawei

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Air Asia’s digital arm sets up venture capital fund

AirAsia’s digital venture arm, RedBeat Ventures, has set up a global venture capital fund, RedBeat Capital, and formed a strategic partnership with San-Franscisco-based venture capital firm, 500 Startups. Tony Fernandes on the lookout for the world’s best and brightest to

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