Author Archive: New Straits Times

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Budu gains popularity in China

Budu gains popularity in China

NANNING, China: He can’t read, write or even use a mobile phone but it didn’t dampen his spirit. Instead, Mat Ismail Jusoh, 66, was determined to change his life, and he did. Born in Pengkalan Kubu, Kelantan, Ismail started selling his home-made Budu (famous anchovy sauce from Kelantan) in 1980 with the help of family […]

September 23, 2017 | By | Reply More
Mary Kay taps Asean growth Via Malaysia

Mary Kay taps Asean growth Via Malaysia

AMERICAN direct selling cosmetics giant Mary Kay Inc is strategically placing itself in Malaysia to tap the Asean growth story. “We are looking at Malaysia as a strategic market that can propel us into other booming Asean markets, namely Indonesia and Thailand,” said Mary Kay Asia-Pacific president KK Chua recently. “We are not just looking […]

September 23, 2017 | By | Reply More
Banking industry may hit tipping point

Banking industry may hit tipping point

THE financial market will eventually reach a tipping point where it would have to choose whether to continue duplicating Islamic finance products and services from conventional banking or settle for one dominant offering that appeals to both Muslim and non-Muslim customers. This is the sentiment, dubbed the “McDonald’s Moment”, shared by CIMB Islamic Bhd chief […]

September 23, 2017 | By | Reply More
Zuckerberg nixes new Facebook share class after shareholder lawsuit

Zuckerberg nixes new Facebook share class after shareholder lawsuit

WILMINGTON: Facebook Inc Chairman Mark Zuckerberg abandoned plans on Friday to create a new class of company stock with no voting power, which was meant to be a way for Zuckerberg to retain control over the company he founded while fulfilling a pledge to give away his wealth. Zuckerberg on Friday said that he could […]

September 22, 2017 | By | Reply More
Uber stripped of licence to operate in London

Uber stripped of licence to operate in London

LONDON: London’s transport regulator on Friday stripped Uber of its licence to operate from the end of the month, affecting over 40,000 drivers in a huge blow to the taxi app. “Uber’s approach and conduct demonstrate a lack of corporate responsibility in relation to a number of issues which have potential public safety and security […]

September 22, 2017 | By | Reply More
Budget airlines to drive plane demand in next 20 years: Boeing

Budget airlines to drive plane demand in next 20 years: Boeing

SINGAPORE: Smaller planes will dominate aviation orders worldwide in the next 20 years, driven by the needs of budget airlines in emerging markets like Southeast Asia, Boeing said Friday. Nearly three in four of the 41,030 new commercial planes expected to be delivered in the period at a cost of US$6.1 trillion will be single-aisle, […]

September 22, 2017 | By | Reply More
AirAsia throws a 50 per cent off bonanza for flights to Indonesia

AirAsia throws a 50 per cent off bonanza for flights to Indonesia

SEPANG: AirAsia is offering an exclusive deal of up to 50 per cent* off flights to Indonesia at the Wonderful Indonesia AirAsia Travel Fair 2017. The fair will take place this weekend from 22 to 24 Sept at IOI City Mall, Putrajaya from 10am to 10pm. This follows the recent partnership announcement between the Ministry […]

September 22, 2017 | By | Reply More
Malaysian ports remain efficient, says Liow

Malaysian ports remain efficient, says Liow

PUTRAJAYA: Malaysian ports are among the most efficient in the world with the capability to meet the requirements of shipping lines at very competitive charges, said Transport Minister Datuk Seri Liow Tiong Lai. The country’s competitiveness, particularly Port Klang, remains unaffected despite the move by Ocean Alliance, led by CMA CGM, to relocate their operations […]

September 22, 2017 | By | Reply More
Boeing sees growing demand for new airplanes in Southeast Asia

Boeing sees growing demand for new airplanes in Southeast Asia

KUALA LUMPUR: Boeing Co is projecting a demand for 4,210 new airplanes, valued at US$650 billion, over the next 20 years in Southeast Asia. The company presented its Southeast Asia Current Market Outlook (CMO) today during a briefing at Boeing’s regional headquarters in Singapore, it said in a statement today. Boeing said the annual report […]

September 22, 2017 | By | Reply More
Oil meeting at OPEC as strategy bears fruit

Oil meeting at OPEC as strategy bears fruit

VIENNA: Oil-producing countries from inside and outside Organization of the Petroleum Exporting Countries (OPEC) meet in Vienna on Friday as signs grow that their landmark agreement to cap output may finally be boosting the price of crude. Twenty-four producers including Russia, Saudi Arabia and Riyadh’s partners in OPEC agreed in late 2016 to reduce output […]

September 22, 2017 | By | Reply More