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27 global startups at GAP’s second year

27 global startups at GAP’s second year

27 handpicked startups have been selected from a total of 961 applications to participate in the second cohort of the Global Accelerator Progam (GAP) by Malaysian Global Innovation and Creativity Centre, (MAGIC). The program will help equip participants with necessary skills, knowledge, and network to become investment ready in four months and potentially break into […]

June 19, 2018 | By | Reply More
Top Glove sees 51.3% surge in Q3 earnings on record sales

Top Glove sees 51.3% surge in Q3 earnings on record sales

PETALING JAYA: Top Glove Corp Bhd’s net profit jumped 51.3% to RM117.57 million for the third quarter ended May 31, 2018 against RM77.71 million in the previous corresponding period, underpinned by increased demand for gloves. It also achieved the highest ever quarterly revenue of RM1.1 billion, 26.6% higher than the RM869.64 million made in the […]

June 19, 2018 | By | Reply More
Shanghai stocks skid to near 2-year low as Trump escalates China trade fight

Shanghai stocks skid to near 2-year low as Trump escalates China trade fight

The slump risks triggering fresh margin calls in a highly-leveraged stock market, potentially causing a downward spiral that could derail Beijing’s plan to lure the listings of high-tech giants. Chinese stocks. (Reuters pic) SHANGHAI: Chinese investors dumped stocks across the board on Tuesday as US President Donald Trump threatened China with more tariffs, knocking the […]

June 19, 2018 | By | Reply More
The Picha Project wins Global Allianz Future Generations Award

The Picha Project wins Global Allianz Future Generations Award

The Picha Project, a social enterprise based in Kuala Lumpur, Malaysia which empowers refugee families in the country through a sustainable food catering and delivery business wins the first global Allianz Future Generations Award, worth 40,000 Euro. The Picha Project is one of nine participants of the Investment Ready Program Encouraging Future Generations which enhances purpose […]

June 19, 2018 | By | Reply More
Armin Effendi Joins Korn Ferry as Country Chairman in Malaysia

Armin Effendi Joins Korn Ferry as Country Chairman in Malaysia

Armin Effendi joins Korn Ferry as Country Chairman in Malaysia. Effendi most recently served as Kuala Lumpur office leader for a global executive search firm and was part of the ASEAN leadership team.  Throughout his career, Mr. Effendi has worked in executive and advisory roles across Asia, Europe and North America. He has worked as a Senior […]

June 19, 2018 | By | Reply More
Cahya Mata Sarawak falls 9.1% despite contract extension

Cahya Mata Sarawak falls 9.1% despite contract extension

PETALING JAYA: Cahya Mata Sarawak Bhd fell 9.1% in early trade to a low of RM2.30 despite being granted extension for its road maintenance contract by the state government. At 11.07 am, the stock was trading at RM2.42 with 3.70 million shares done. CMS said in a filing with Bursa Malaysia yesterday that its indirectly […]

June 19, 2018 | By | Reply More
Trump has a point on dairy, Canada’s biggest cheesemaker says

Trump has a point on dairy, Canada’s biggest cheesemaker says

Canada should consider eliminating its Class 7 milk policy in order to renegotiate the North American Free Trade Agreement with the US, Saputo Inc. Chief Executive Officer Lino Saputo Jr. said. An employee weighs cheese at the delicatessen counter inside a J Sainsbury Plc supermarket in Redhill, UK. (Bloomberg pic) WINNIPEG: Canada’s largest dairy processor […]

June 19, 2018 | By | Reply More
Rare Japanese unicorn Mercari surges as much as 100% in debut

Rare Japanese unicorn Mercari surges as much as 100% in debut

A popular smartphone app that allows people to trade used items online, Mercari has been downloaded 71 million times in Japan where it has 10.5 million active users. Novelty goods are displayed at Mercari’s Tokyo headquarters in Tokyo, Japan, June 15, 2018. (Reuters pic) TOKYO: Flea market app operator Mercari Inc’s shares surged 100% in their […]

June 19, 2018 | By | Reply More
Intel has paths around Trump’s China tariffs, analysts say

Intel has paths around Trump’s China tariffs, analysts say

Intel produces raw chips at six so-called wafer fabs, with three in the United States, one in Ireland, one in Israel and one in China. The Intel logo is shown at E3, the world’s largest video game industry convention in Los Angeles, California, US. (Reuters pic) WASHINGTON: Intel Corp, the world’s biggest chipmaker by revenue […]

June 19, 2018 | By | Reply More
Apple fined millions for Australia false iPhone claims

Apple fined millions for Australia false iPhone claims

The users were told by Apple that they were not eligible for a remedy if the iPhone or iPad had been repaired by another company. Apple logo. (Reuters pic) SYDNEY: Apple was Tuesday fined Aus$9 million (RM27 million) by an Australian court for making false claims about consumer rights when refusing to fix faulty iPhones […]

June 19, 2018 | By | Reply More