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Difficult to fill vacancies for programmers, say smaller firms

Difficult to fill vacancies for programmers, say smaller firms

SINGAPORE: For more than a year, software development firm Net Profit Quest had been looking for a programmer, to no avail. Faced with growing demand for his services, company co-founder Willy Lim eventually decided to outsource his programming needs to India instead. He is not alone: Even as the number of technology job openings grows […]

January 26, 2016 | By | Reply More
California insurance commissioner calls for coal divestment

California insurance commissioner calls for coal divestment

SAN FRANCISCO: California’s insurance commissioner on Monday asked all insurance companies doing business in the state to voluntarily divest from coal companies and said he will also require insurance companies to disclose their coal company holdings. Coal use by utility companies has plummeted amid low natural gas prices and new federal regulations aimed at curbing […]

January 25, 2016 | By | Reply More
US judge asked to remove lead lawyers for GM switch plaintiffs

US judge asked to remove lead lawyers for GM switch plaintiffs

NEW YORK: A U.S. judge was asked Monday to remove three lawyers from their leadership posts in litigation against General Motors over a faulty ignition switch linked to nearly 400 injuries and deaths, after the stunning collapse last week of a first federal test trial over the part. The motion from Lance Cooper, who represents […]

January 25, 2016 | By | Reply More
Ford to exit Japan, Indonesia

Ford to exit Japan, Indonesia

January 26, 2016 NEW YORK: US auto giant Ford announced Monday it will withdraw from Japan and Indonesia due to a weak profit outlook in the two Asian markets. The number-two US automaker after General Motors plans to cease operations in Japan and Indonesia in the second half of 2016. It will close its Ford […]

January 25, 2016 | By | Reply More
US stocks drop as oil resumes downward slide

US stocks drop as oil resumes downward slide

NEW YORK: US stocks fell on Monday (Jan 25), with petroleum-linked shares especially weak, as oil prices resumed their downward slide. The Dow Jones Industrial Average fell 208.29 points (1.29 per cent) to 15,885.22. The broad-based S&P 500 dropped 29.82 points (1.56 per cent) to 1,877.08, while the tech-rich Nasdaq Composite Index shed 72.69 points […]

January 25, 2016 | By | Reply More
Wall Street resumes 2016 slide as energy stocks tumble

Wall Street resumes 2016 slide as energy stocks tumble

REUTERS: Wall Street sold off on Monday, pulled lower by further weakness in oil prices as energy shares led declines, with major indexes retreating after last week’s strong gains. Oil prices fell 6 percent on concerns of oversupply after news that Iraq’s output reached a record last month. The S&P energy group dropped 4.5 percent, […]

January 25, 2016 | By | Reply More
IHH breaks ground on hospital in Myanmar

IHH breaks ground on hospital in Myanmar

KUALA LUMPUR: IHH Healthcare Bhd, through its indirect wholly-owned subsidiary, Parkway Healthcare Indo-China Pte Ltd, held a groundbreaking ceremony for a US$70 million (RM298 million), 250-bed hospital in Yangon, Myanmar. The new hospital, Parkway Yangon, is Parkway Pantai’s first hospital in Myanmar, IHH said in a statement. The project would be developed and operated by […]

January 25, 2016 | By | Reply More
CIMB’s net profit to rebound 18% in FY16: Maybank IB analyst

CIMB’s net profit to rebound 18% in FY16: Maybank IB analyst

PETALING JAYA: Maybank Investment Bank (Maybank IB) expects CIMB Group Holdings Bhd’s net profit to rebound 18% year-on-year in financial year 2016 (FY16), on the back of lower provisions and cost savings. In a report released last Friday, its analyst Desmond Ch’ng said that CIMB’s FY16 return on equity (ROE) is projected to come in […]

January 25, 2016 | By | Reply More
Bumpy road for auto sector due to weak ringgit

Bumpy road for auto sector due to weak ringgit

PETALING JAYA: MIDF Research opined that a weaker ringgit will have a more pronounced impact on the auto sector’s earnings in FY16, which have been hard hit in recent months. “To give a perspective, year-to-date US dollar: ringgit averaged at around 3.90-4.00 but spot rate now stands at 4.38 (this will be largely reflected in […]

January 25, 2016 | By | Reply More
Affordable-housing developers likely to perform better this year

Affordable-housing developers likely to perform better this year

PETALING JAYA: Property developers with launches targeted at the middle-income segment are likely to perform better this year, said VPC Alliance (Malaysia) Sdn Bhd managing director James Wong. “A lot of developers are moving away from the high-end segment and are developing more in the mid-income and affordable housing segment. If the developer has shifted […]

January 25, 2016 | By | Reply More