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Media Prima posts fifth consecutive loss for Q4 2017

Media Prima posts fifth consecutive loss for Q4 2017

Media giant says costs related to impairments and downsizing of its workforce contributed to the decline. Blogspot pic PETALING JAYA: Media Prima has continued its downward streak, posting a fifth consecutive quarterly loss with an income deficit of RM378.2 million against a net profit of RM5 million in its fourth quarter ended Dec 31 last […]

February 23, 2018 | By | Reply More
US tells India to cut tariffs as trade friction heats up

US tells India to cut tariffs as trade friction heats up

Donald Trump also says he will push for a ‘reciprocal tax’ against countries, including US allies, that levy tariffs on American products. NEW DELHI: US businesses and diplomats are pressing India to cut tariffs, industry and government sources say, after New Delhi’s move to increase customs duties on dozens of products to help its flagship […]

February 23, 2018 | By | Reply More
Snapchat parent’s stock plummets after Kylie Jenner tweet

Snapchat parent’s stock plummets after Kylie Jenner tweet

Jenner has huge followings on various social media platforms, including Twitter and Instagram. WASHINGTON: Snapchat’s parent company lost some US$1.3 billion in market value on Thursday after reality star Kylie Jenner’s tweeted that she was no longer using the messaging service. “sooo does anyone else not open Snapchat anymore? Or is it just me… ugh […]

February 23, 2018 | By | Reply More
Indonesia raises US$1.25 billion in first Asian sovereign green bond sale

Indonesia raises US$1.25 billion in first Asian sovereign green bond sale

Indonesia raises US$1.25 billion in first Asian sovereign green bond sale Reuters JAKARTA: Indonesia has become the first Asian country to sell “green” bonds internationally in a US$1.25 billion deal as one of the world’s worst greenhouse gas emitters tapped into investor interest in climate-friendly investments. Globally, US$155.5 billion of so-called green bonds were sold […]

February 23, 2018 | By | Reply More
GM to propose wage freeze, no bonuses for South Korean workers this year

GM to propose wage freeze, no bonuses for South Korean workers this year

SEOUL: General Motors Co will propose a base wage freeze and no bonuses this year as well a suspension of some worker benefits at its money-losing South Korean unit, in an effort to cut costs, showed an internal letter seen by Reuters on Friday. GM announced last week it would shut a plant in the […]

February 23, 2018 | By | Reply More
China insurance regulator takes control of Anbang Insurance Group, chairman prosecuted

China insurance regulator takes control of Anbang Insurance Group, chairman prosecuted

CIRC added that Anbang’s debts and obligations will not be impacted by the takeover. BEIJING/SHANGHAI: Anbang Insurance Group Co Ltd, one of China’s biggest insurance conglomerates, has been taken over by the country’s insurance regulator for one year, and its chairman has been prosecuted for economic crimes. The China Insurance Regulatory Commission (CIRC) said in […]

February 23, 2018 | By | Reply More
Sime Darby Plantation Q2 profit rises by 34% from year ago

Sime Darby Plantation Q2 profit rises by 34% from year ago

The world’s largest oil palm planter earns RM429 million in net profit. Reuters pic KUALA LUMPUR: Sime Darby Plantation, the world’s largest oil palm planter by land holdings, today said its second-quarter net profit rose by 34% versus a year ago, on the back of improvements in fresh fruit bunch production (FFB). Sime Darby Plantation […]

February 22, 2018 | By | Reply More
Soybeans could dethrone corn as US crop king after 35 years

Soybeans could dethrone corn as US crop king after 35 years

Drought, price sees more farmers favouring soybean over corn WASHINGTON: For the first time in 35 years, soybeans are poised to steal the crown of US crop king from corn. American farmers are set to increase their soy plantings to a record 90.69 million acres, according to the average estimate in a Bloomberg survey of […]

February 22, 2018 | By | Reply More
Petronas signs first term LNG supply deal in India

Petronas signs first term LNG supply deal in India

The world’s third-biggest LNG supplier has been trying to tap new markets at a time when global supply has exceeded demand. Blogspot pic KUALA LUMPUR: Petroliam Nasional Berhad (Petronas) said today it has signed its first term agreement to supply liquefied natural gas (LNG) in India. The state energy firm has signed a sale and […]

February 22, 2018 | By | Reply More
Russian `promo addicts’ find recession-era habits hard to break

Russian `promo addicts’ find recession-era habits hard to break

MOSCOW: Russians are still hooked on shopping habits that got them through the country’s worst recession this century as the economy lurches out of recovery and into stagnation. Consumer demand, which represents over half the economy of the world’s biggest energy exporter, is increasingly a bellwether for what’s to come, remaining sluggish as steady improvements […]

February 22, 2018 | By | Reply More