Recent Articles

Monte dei Paschi shareholders appoint Tononi as new chairman

Monte dei Paschi shareholders appoint Tononi as new chairman

SIENA, Italy: Shareholders at Italy’s Monte dei Paschi di Siena approved on Tuesday the appointment of Massimo Tononi, former head of the Milan stock exchange, as chairman of the bank. Tononi replaces Alessandro Profumo who left Italy’s No. 3 lender in August. Monte dei Paschi, which emerged as the weakest lender in a European banking […]

September 15, 2015 | By | Reply More
Mooncakes under spotlight after Chinese government crackdown

Mooncakes under spotlight after Chinese government crackdown

BEIJING: With the Mid-Autumn Festival (Sep 27) just round the corner, disciplinary officials have once again warned against corruption and extravagance in China. In line with its anti-graft campaign, the Chinese government has aired concerns that festivals such as Mid-Autumn and National Day holidays might be used as a cover for subtle bribery. Government departments […]

September 15, 2015 | By | Reply More
Daimler sees no risk of overcapacity in China yet

Daimler sees no risk of overcapacity in China yet

FRANKFURT: Germany’s Daimler , maker of Mercedes cars, has not revised its production plans for China and currently sees no risk of overcapacity at its plants there, it said on Tuesday. “If anything, we have a lack of capacity, not overcapacity in China,” Chief Executive Dieter Zetsche told reporters at the Frankfurt auto show. He […]

September 15, 2015 | By | Reply More
Carmakers curb China output as sales growth stalls

Carmakers curb China output as sales growth stalls

FRANKFURT/BEIJING: Volkswagen and other major carmakers have begun reining in Chinese output, wages and other costs, industry sources told Reuters, as executives at the Frankfurt auto show put a brave face on a sharp slowdown in the world’s biggest vehicle market. The German car giant’s Chinese joint venture, FAW-VW, is cancelling staff bonuses and cutting […]

September 15, 2015 | By | Reply More
GM has sufficient scale to go it alone, CEO says

GM has sufficient scale to go it alone, CEO says

FRANKFURT: General Motors boss Mary Barra reiterated on Tuesday that a tie-up with Fiat Chrysler was not in her shareholders’ best interest and the U.S. carmaker has the scale to pursue its investments in new technologies on its own. Fiat Chrysler CEO Sergio Marchionne said earlier this month that seeking a merger with GM was […]

September 15, 2015 | By | Reply More
MMK building to transform PJ urban landscape

MMK building to transform PJ urban landscape

PETALING JAYA: A RM385m Mercu Mustapha Kamal (MMK) building is billed to transform the urban landscape of Petaling Jaya by end of 2016. The two-tower office complex will connect to the community through its green sustainable features, various amenities as well as accessibility and integrated community facilities. The establishment of the towers will also see […]

September 15, 2015 | By | Reply More
Ekuinas unveils ILMU

Ekuinas unveils ILMU

KUALA LUMPUR: Ekuiti Nasional Bhd (Ekuinas) has consolidated all education assets in its investment portfolio under the newly-launched Ilmu Education Group (ILMU). Its chairman Raja Tan Sri Arshad Raja Tun Uda said, ILMU is an integrated multi brand education provider comprising seven institutions in Malaysia and Sri Lanka owned by the government’s private equity firm. […]

September 15, 2015 | By | Reply More
Tanjung Offshore, China's Yantai Jereh sign oil, gas exploration deal

Tanjung Offshore, China's Yantai Jereh sign oil, gas exploration deal

KUALA LUMPUR: Tanjung Offshore Bhd and China’s Yantai Jereh Group inked a collaboration agreement which will see them working closely to explore oil and gas opportunities in Malaysia. The agreement will pave the way for Tanjung Offshore to explore potential activities and market Jereh’s services in Malaysia while the latter will provide oil field equipment […]

September 15, 2015 | By | Reply More
End-to-End Transformation for HR Management

End-to-End Transformation for HR Management

Raj Sundarason, Vice President, HCM Solutions, SAP South East Asia Human capital management (HCM), thanks to the explosion of data creation, has become very complex over the last few years. From being straightforward silo processes, it now deals with disparate transactions that cover multiple organisational processes and multiple information pools that are highly unrelated. Such […]

September 15, 2015 | By | Reply More
Jaguar Land Rover sales will rise in 2015 despite China drop -CEO

Jaguar Land Rover sales will rise in 2015 despite China drop -CEO

FRANKFURT: Luxury carmarker Jaguar Land Rover expects sales this year to exceed those in 2014, with Britain, Europe and the United States compensating for a sharp decline in the Chinese market, its chief executive said. Jaguar Land Rover sales are down 1 percent so far this year due to a 29 percent fall in China, […]

September 15, 2015 | By | Reply More