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After high-profile exits, fewer non-white CEOs in US

After high-profile exits, fewer non-white CEOs in US

White men held the top job at 447 of the companies in the Fortune 500 at the end of 2017, by Zweigenhaft’s count. Pepsico chairman and CEO Indra Nooyi is the latest non-white CEO to step away from a US firm. (AFP pic) NEW YORK: Following other recent exits by non-white CEOs, Indra Nooyi’s departure […]

August 8, 2018 | By | Reply More
BIMB Investment launches world's first ESG sukuk fund

BIMB Investment launches world's first ESG sukuk fund

KUALA LUMPUR: BIMB Investment Management Bhd this morning launched the BIMB ESG Sukuk Fund and is targeting a take-up of RM150 million in a year for the fund. The BIMB ESG Sukuk Fund is the world’s first environmental, social and governance (ESG) sukuk fund and the first syariah sukuk fund in Malaysia approved under the […]

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IMF: India’s economy is an elephant that’s starting to run

IMF: India’s economy is an elephant that’s starting to run

The nation accounts for about 15% of global growth. Pedestrians and motorcyclists pass an elephant walking past a market in the Pankore Naka of Ahmadabad, Gujarat, India. (Bloomberg pic) NEW DELHI: India is on track to hold its position as one of the world’s fastest-growing economies as reforms start to pay off, according to the […]

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Undeterred by taxes, IKEA puts together cheap India pricing

Undeterred by taxes, IKEA puts together cheap India pricing

IKEA has to source at least 30% of its raw materials locally within five years of operations in the country as per Indian regulation. (Reuters pic) HYDERABAD: IKEA will do things differently in India after it opens its first store in the nation on Thursday, as it deals with higher taxes on imported goods and […]

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China is asking banks to avoid Yuan market ‘herd behaviour’

China is asking banks to avoid Yuan market ‘herd behaviour’

The central bank has plenty of tools to stabilize the market, which will keep the yuan flexible and allow it to move in both directions. Chinese one-hundred yuan banknotes are arranged for a photograph in Seoul, South Korea, on Monday, Dec. 21, 2015. (Bloomberg pic) BEIJING: The People’s Bank of China’s recent efforts to support […]

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Cathay Pacific slumps to a surprise loss as crude oil hobbles recovery

Cathay Pacific slumps to a surprise loss as crude oil hobbles recovery

Cathay Pacific and Cathay Dragon paid 32% more for fuel, the biggest expense for carriers in Asia, as a 19% surge in Brent crude during the period weighed on costs. A passenger plane of Cathay Pacific Airways parks at an airport. (Reuters pic) BEIJING: Cathay Pacific Airways Ltd. slumped to a surprise loss on surging […]

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Thailand’s AIS, DTAC to compete in US$3.4 billion spectrum auction

Thailand’s AIS, DTAC to compete in US$3.4 billion spectrum auction

Mobile network operator DTAC, which is 43% owned by Norway’s Telenor Group, decided to participate in the 1800 megahertz (MHz) spectrum auction after auction terms became more flexible. Norway’s Telenor chief executive Jon Fredrik Baksaas speaks during a news conference in New Delhi, November 2012. (Reuters pic) BANGKOK: Thailand’s largest mobile operator Advanced Info Service Pcl […]

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Discovery falls the most in 9 months as cord cutting persists

Discovery falls the most in 9 months as cord cutting persists

The company’s networks, which also include the namesake channel, lost about 5% of their subscribers, with the biggest down 3%, Discovery said Tuesday. Signage is displayed on the exterior of Discovery Communications Inc. headquarters in Silver Spring, Maryland, U.S. (Bloomberg pic) NEW YORK: Discovery Inc., home of channels like HGTV, Food Network and Animal Planet, […]

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RM20m for first phase of Suri Incentive programme: DPM

RM20m for first phase of Suri Incentive programme: DPM

KUALA LUMPUR: The first phase of the Employees Provident Fund (EPF) for housewives programme, also known as “Suri Incentive” programme, will receive RM20 million from the government, according to Deputy Prime Minister Datuk Seri Dr Wan Azizah Wan Ismail. The first stage will begin from Aug 15 till year-end, Wan Azizah said at a press […]

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EPF denies proposed merger with Socso

EPF denies proposed merger with Socso

KUALA LUMPUR: The Employees Provident Fund (EPF) has dispelled news reports on a proposed merger between the fund and the Social Security Organisation (Socso), saying that it has not gotten any indication nor did it receive any official communication on that matter. “To be honest, we haven’t gotten anything apart from what we have read […]

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