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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
Bursa Malaysia to trade sideways next week

Bursa Malaysia to trade sideways next week

KUALA LUMPUR: Bursa Malaysia is expected to trade sideways between the 1,760 and 1,770 levels next week as it enters a consolidation mode. Affin Hwang Investment Bank Vice-President and Head of Retail Research, Datuk Dr Nazri Khan Adam Khan said the local market is expected to move in tandem with its global peers in consolidating, […]

September 23, 2017 | By | Reply More
Ringgit likely to trade lower against greenback next week

Ringgit likely to trade lower against greenback next week

KUALA LUMPUR: The ringgit will likely trade lower against the US dollar next week in hovering between 4.20 and 4.23 following the US Federal Reserve’s (Fed) hawkish announcement on Wednesday. Affian Hwang Investment Bank Vice-President and Head of Retail Research, Datuk Dr Nazri Khan Adam Khan said the local note, in line with other Asian […]

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

Zuckerberg said that over about the next 18 months he planned to sell 35 million to 75 million shares of Facebook, which at Friday’s closing price would raise US$13 billion. 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 […]

September 23, 2017 | By | Reply More
BMW to build new 8 series at German Dingolfing plant from 2018

BMW to build new 8 series at German Dingolfing plant from 2018

The plant currently makes BMW’s 3 to 7 series models and expects to beat its record annual output of 369,000 vehicles this year. BERLIN: Carmaker BMW plans to build its new 8 series model at its plant in the southern German town of Dingolfing from 2018, strengthening the site’s role in the production of premium […]

September 23, 2017 | By | Reply More
OPEC says winning battle to end oil glut

OPEC says winning battle to end oil glut

Benchmark Brent crude LCOc1 is now trading at more than US$56 a barrel, although it is still half the level it was in mid-2014. VIENNA: OPEC and other oil producers are clearing a glut that has weighed on crude prices for three years and may wait until January before deciding whether to extend their output […]

September 22, 2017 | By | Reply More
VW moves to secure cobalt supplies in shift to electric cars

VW moves to secure cobalt supplies in shift to electric cars

Volkswagen, which decided on the strategic shift to electric vehicles (EVs) after it was engulfed in the “dieselgate” scandal, plans to invest more than 20 billion euros (US$24 billion) in zero-emission vehicles by 2030. LONDON: Germany’s Volkswagen is moving to secure long-term supplies of cobalt, a vital component of rechargeable batteries, as the group accelerates […]

September 22, 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