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Despite turbulence, low-cost carriers still important for SIA: CEO

Despite turbulence, low-cost carriers still important for SIA: CEO

SINGAPORE: Massive growth potential in the no-frills budget travel business means that the segment remains important in Singapore Airlines’ strategy moving ahead, chief executive Goh Choon Phong told Channel NewsAsia, even as the premium carrier’s push into low-cost territory has not exactly been smooth sailing. Rising incomes in Asia have enabled more people to fly […]

December 3, 2015 | By | Reply More
Despite turbulence, low-cost carriers still important for SIA: CEO

Despite turbulence, low-cost carriers still important for SIA: CEO

SINGAPORE: Massive growth potential in the no-frills budget travel business means that the segment remains important in Singapore Airlines’ strategy moving ahead, chief executive Goh Choon Phong told Channel NewsAsia, even as the premium carrier’s push into low-cost territory has not exactly been smooth sailing. Rising incomes in Asia have enabled more people to fly […]

December 3, 2015 | By | Reply More
Audi picks new chairman, R&D boss to bounce back from scandal

Audi picks new chairman, R&D boss to bounce back from scandal

BERLIN: German carmaker Audi has appointed a new chairman and a new development chief as Volkswagen’s flagship luxury division struggles to recover from an emissions scandal. Audi admitted two weeks ago that its 3.0 liter V6 diesel engine was fitted with emissions-control software, deemed as illegal in the United States where the scandal has already […]

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Lyft partners with Ola, GrabTaxi to reach Asian markets

Lyft partners with Ola, GrabTaxi to reach Asian markets

SAN FRANCISCO: Lyft has formed partnerships with two Asian on-demand ride services, Ola and GrabTaxi, as the U.S. company works to gain a toehold in the booming overseas market. The companies, which connect passengers and cars or other transportation services through mobile apps, will integrate their apps so passengers can use all platforms to hail […]

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US officials seek business help to sell Pacific trade pact

US officials seek business help to sell Pacific trade pact

WASHINGTON: U.S. officials and lawmakers urged business leaders on Thursday to get behind a Pacific trade pact as they vowed an all-out effort next year to get the deal through the U.S. Congress. Negotiators from 12 countries sealed the Trans-Pacific Partnership trade pact, a key plank of U.S. President Barack Obama’s outreach to Asia, in […]

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Mexican tycoon Slim says he will not give away shares to charity

Mexican tycoon Slim says he will not give away shares to charity

MEXICO CITY: Mexican billionaire Carlos Slim said on Thursday he will not give away his family’s shares to charity like Facebook founder Mark Zuckerberg. Earlier this week, Zuckerberg announced he would donate 99 percent of his Facebook shares, currently worth about US$45 billion, to a new philanthropic project he will run with his wife. When […]

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Enbridge to decide on controversial pipeline in second half of 2016

Enbridge to decide on controversial pipeline in second half of 2016

REUTERS: Enbridge Inc said it expected to make a decision on whether to go ahead with the controversial Northern Gateway pipeline in the latter half of 2016, though it could not commit to a timeline. The newly formed Canadian government under Justin Trudeau has announced a ban on tanker traffic along the north coast of […]

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VW's suspended top engineer quits after 30 years, Audi says

VW's suspended top engineer quits after 30 years, Audi says

BERLIN: Volkswagen’s suspended top engineer has left the German group after 30 years, luxury-car division Audi said on Thursday, as VW pushes ahead with the search for culprits in its diesel emissions scandal. More than two months after he was suspended by VW’s supervisory board, Ulrich Hackenberg, head of research and development at Audi has […]

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UN climate talks turn hostile over money

UN climate talks turn hostile over money

LE BOURGET, France: Angry developing nations warned on Thursday (Dec 3) that increasingly tense UN talks aimed at averting catastrophic climate change would fail unless a bitter feud over hundreds of billions of dollars was resolved. Negotiators from 195 nations are haggling in Paris over a planned universal accord to slash greenhouse-gas emissions that trap […]

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MRCB to sell office tower to MQ Reit for RM640 million

MRCB to sell office tower to MQ Reit for RM640 million

PETALING JAYA: Malaysia Resources Corp Bhd (MRCB) is selling its 33-storey office tower, namely Menara Shell, to MRCB-Quill real estate investment trust (MQ Reit) for RM640 million. In a filing with Bursa Malaysia yesterday, MRCB said its subsidiary 348 Sentral Sdn Bhd has entered into a heads of agreement (HoA) with Maybank Trustees Bhd (MTB), […]

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