Author Archive: Free Malaysia Today

rss feed

Author's Website

Four more foreign banks get Myanmar licence

Four more foreign banks get Myanmar licence

YANGON: Four more foreign banks have been given preliminary approval to operate in Myanmar, state media reported Sunday, the latest government attempt to attract overseas investment to the emergent nation. Myanmar’s banking system was closed for decades to outside competition under junta rule, leaving the country laden with a creaking financial infrastructure and a populace […]

March 6, 2016 | By | Reply More
China lays out its vision to become a tech power

China lays out its vision to become a tech power

BEIJING: China aims to become a world leader in advanced industries such as semiconductors and in the next generation of chip materials, robotics, aviation equipment and satellites, the government said in its blueprint for development between 2016 and 2020. In its new draft five-year development plan unveiled on Saturday, Beijing also said it aims to […]

March 6, 2016 | By | Reply More
Malaysia Airlines says revenue per available seat kilometre up 10 pct

Malaysia Airlines says revenue per available seat kilometre up 10 pct

March 5, 2016 “We are focused on building momentum with our restructuring in 2016,” Mueller said in a statement. KUALA LUMPUR: Malaysia Airlines said on Friday its revenue per available seat kilometre, a measure of passenger capacity, improved by 10 percent year-on-year for the quarter ended February, as the airline’s restructuring made progress. The national […]

March 5, 2016 | By | Reply More
Citigroup executives avoid US charges over mortgage bonds – document

Citigroup executives avoid US charges over mortgage bonds – document

NEW YORK: US authorities have decided not to pursue criminal charges against any Citigroup Inc executives or employees involved in packaging and selling mortgage-backed securities at the heart of the 2008 financial crisis, a government report shows. The decision, which followed Citigroup’s $7-billion settlement in 2014 resolving federal and state civil claims related to mortgage […]

March 5, 2016 | By | Reply More
Renault-Nissan aims for 5.5 billion euros in synergies in 2018

Renault-Nissan aims for 5.5 billion euros in synergies in 2018

March 5, 2016 PARIS: The Renault-Nissan carmaking alliance expects to generate 5.5 billion euros ($6 billion) of synergies in 2018 by integrating more divisions and sharing resources better within the partnership, the companies said on Friday. “The auto industry is rapidly evolving, requiring Renault and Nissan to leverage the alliance as a pragmatic business tool,” […]

March 5, 2016 | By | Reply More
Police say criminals like Apple iPhones because of encryption

Police say criminals like Apple iPhones because of encryption

PARIS: Some criminals have switched to new iPhones as their “device of choice” to commit wrongdoing due to strong encryption Apple Inc has placed on their products, three law enforcement groups said in a court filing. The groups told a judge overseeing Apple’s battle with the US Department of Justice on Thursday that, among other […]

March 5, 2016 | By | Reply More
US watchdog to probe Fed’s lax oversight of Wall Street

US watchdog to probe Fed’s lax oversight of Wall Street

NEW YORK: A US watchdog agency is preparing to investigate whether the Federal Reserve and other regulators are too soft on the banks they are meant to police, after a written request from Democratic lawmakers that marks the latest sign of distrust between Congress and the central bank. Ranking representatives Maxine Waters of the House […]

March 5, 2016 | By | Reply More
Dunkin’ Donuts targets Starbucks clients after loyalty plan shake-up

Dunkin’ Donuts targets Starbucks clients after loyalty plan shake-up

FRANKFURT: Dunkin’ Donuts is on a drive to win customers from Starbucks after the rival coffee and snacks chain changed its loyalty scheme to favor higher spending customers over frequent buyers. Nigel Travis, Chief Executive of Dunkin’ Brands Group Inc, told Reuters he expected some Starbucks customers to be angered by the move, creating an […]

March 4, 2016 | By | Reply More
Facebook to pay more taxes in Britain

Facebook to pay more taxes in Britain

March 4, 2016 LONDON: Facebook on Friday said it would declare advertising revenue from its top British clients in Britain instead of Ireland, where it has its European headquarters, meaning it will have to pay more tax. “On Monday we will start notifying large UK customers that from the start of April they will receive […]

March 4, 2016 | By | Reply More
Samsonite offers to buy premium luggage group Tumi for $1.8 billion

Samsonite offers to buy premium luggage group Tumi for $1.8 billion

March 4, 2016 HONG KONG: Samsonite International SA said on Friday it would buy Tumi Holdings Inc for $26.75 per share in an all-cash transaction valuing Tumi at $1.8 billion, as the world’s biggest luggage group expands into the premium segment. “It will meaningfully expand our presence in the highly attractive premium segment of the […]

March 4, 2016 | By | Reply More