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EU targets BMW, Daimler, VW in pollution cartel probe

EU targets BMW, Daimler, VW in pollution cartel probe

A new twist in the pollution saga exactly three years after dieselgate (AFP pic) BRUSSELS: The EU opened an in-depth probe into alleged collusion by major German carmakers over anti-pollution technology Tuesday, a fresh blow to the scandal-hit industry three years after the notorious “dieselgate.” Competition Commissioner Margrethe Vestager said BMW, Daimler and VW are […]

September 18, 2018 | By | Reply More
Ringgit ends easier against US dollar

Ringgit ends easier against US dollar

KUALA LUMPUR: The ringgit ended lower against the US dollar today as investors’ demand receded amid market rifts incited by the US-China trade war, said a dealer. At 6pm, the local unit declined to 4.1410/1450 against the greenback from 4.1370/1400 on Friday. Oanda head of trading for Asia-Pacific Stephen Innes said the markets were back […]

September 18, 2018 | By | Reply More
Vehicle sales 26.8% higher in August: MAA

Vehicle sales 26.8% higher in August: MAA

KUALA LUMPUR: Malaysia’s vehicle sales rose 26.8% to 65,551 units in August 2018 from 51,716 units in the same month last year. In a statement today, the Malaysian Automotive Association (MAA) attributed the higher vehicle sales to the reduction in prices due to the zero-rated goods and services tax (GST). It said out of the […]

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Sarawak, Sabah oil royalties won't impact Shell Malaysia's investments

Sarawak, Sabah oil royalties won't impact Shell Malaysia's investments

KOTA KINABALU: Shell Malaysia does not expect the granting of 20% oil royalties to Sabah and Sarawak to impact their investments. Chairman Datuk Iain Lo said the oil and gas regulations in Malaysia was very clear for companies like Shell, and as long as the fiscal and regulatory regime was good, Shell would continue investing […]

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NZ for holistic education

NZ for holistic education

WE’VE all heard of the awe-inspiring landscapes and breathtaking views New Zealand has to offer, but did you know that the country has as much to extend in terms of a good solid education and quality of life? New Zealand is known to provide students with a comprehensive all-rounded education filled with valuable learning experiences. […]

September 18, 2018 | By | Reply More
China vows to hit back as Trump targets US$200 billion in goods

China vows to hit back as Trump targets US$200 billion in goods

Investors have been spooked by reports that Donald Trump is considering imposing tariffs on another $200 billion of Chinese imports (AFP pic) WASHINGTON: China on Tuesday vowed to retaliate against the United States and warned of “uncertainty” in trade talks after President Donald Trump targeted another US$200 billion in Chinese imports with tariffs starting next […]

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Indonesia billionaire family reshuffles empire on currency rout

Indonesia billionaire family reshuffles empire on currency rout

James Riady, Chief Executive Officer of Lippo Group, speaks to members of the media at the announcement for the Meikarta project at a news conference in Jakarta, Indonesia May 4, 2017. (Reuters pic) JAKARTA: Southeast Asia’s billionaire Riady family is rejigging its health-care holdings as its core property business grapples with the emerging-market rout. OUE […]

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Malaysia’s Axiata scraps RM3.89 bil Pakistan deal

Malaysia’s Axiata scraps RM3.89 bil Pakistan deal

KUALA LUMPUR/SINGAPORE: A unit of Malaysian telecoms firm Axiata Group has called off a US$940 million (RM3.89 billion) deal to buy 13,000 telecoms towers in Pakistan after regulators there failed to provide all approvals for the transaction announced a year ago. Axiata subsidiary edotco Group Sdn Bhd said in a statement on Monday that it […]

September 18, 2018 | By | Reply More
Bursa Malaysia ends lower

Bursa Malaysia ends lower

KUALA LUMPUR: Bursa Malaysia ended lower on continued selling of heavyweights in line with most regional markets as investors remained cautious amid renewed concerns over the US-China trade dispute, dealers said. The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 10.82 points to close at 1,792.94 versus Friday’s 1,803.76. After opening 11.90 points lower at […]

September 18, 2018 | By | Reply More
Canada trade minister pushes quick ratification of trade deal with Asia Pacific

Canada trade minister pushes quick ratification of trade deal with Asia Pacific

Jim Carr (L) Canadian Minister of International Trade meets with Liam Fox, Secretary of State for International Trade of Britain in Ottawa, Ontario, on September 17, 2018. Carr said Ottawa would now push Trans Pacific Partnership ratification in parliament. (AFP pic) OTTAWA: Canada’s trade minister on Monday signalled that the government will push ratification of […]

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