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New Japan hotels must be wheelchair accessible before Tokyo 2020

New Japan hotels must be wheelchair accessible before Tokyo 2020

There are some concerns over accommodation ahead of Tokyo 2020. (AFP pic) TOKYO: New hotels in Japan with more than 50 rooms will be required to provide wheelchair-friendly accommodation, the government said Tuesday, as the country gears up to host the Tokyo 2020 Olympics and Paralympics. Japan is hoping to attract around 40 million tourists […]

October 16, 2018 | By | Reply More
Bank proposals value Uber at US$120b in possible IPO: Report

Bank proposals value Uber at US$120b in possible IPO: Report

BENGALURU: Uber Technologies Inc could be valued at US$120 billion (RM498 billion) when it finally goes public next year according to recent proposals made by US banks, The Wall Street Journal reported today, citing people familiar with the matter. The ride-hailing company’s most recent valuation was pegged at US$76 billion, following a US$500 million investment […]

October 16, 2018 | By | Reply More
Indonesia arrests 9 in bribery probe linked to US$21 billion Lippo Group project

Indonesia arrests 9 in bribery probe linked to US$21 billion Lippo Group project

Lippo Group chairman Mochtar Riady. (Bloomberg pic) JAKARTA: Indonesia’s anti-corruption agency has arrested nine people, including a top district government official and a company director, in a bribery investigation linked to the Lippo Group’s US$21 billion Meikarta real estate project near Jakarta. In a sting operation on Sunday, the Corruption Eradication Commission (KPK) arrested two […]

October 16, 2018 | By | Reply More
Higher fiscal deficit of 3% next year forecast

Higher fiscal deficit of 3% next year forecast

KUALA LUMPUR: While this year’s fiscal deficit of gross domestic product (GDP) is expected to meet the 2.8% goal, a higher deficit of 3% could be seen next year despite efforts to cut expenditure along with the cancellation of major infrastructure projects. Alliance Bank Malaysia Bhd chief economist Manokaran Mottain said for the upcoming Budget […]

October 16, 2018 | By | Reply More
Malaysia, Japan in talks on Asian aircraft project

Malaysia, Japan in talks on Asian aircraft project

KUALA LUMPUR: Malaysia is in discussions with the Japanese government for an Asian aircraft project, which is still at the ideation stage, with Malaysia looking at possibly supplying components. Entrepreneur Development Minister Datuk Seri Mohd Redzuan Yusof said the idea, envisioned to be like Airbus, for an Asian aircraft came from the Japanese government. “They […]

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Barakah Offshore obtains court order to stave off creditors

Barakah Offshore obtains court order to stave off creditors

PETALING JAYA: Financially distressed Barakah Offshore Petroleum Bhd has been granted orders by the High Court of Malaya restraining all proceedings and actions brought against the group and its wholly owned subsidiary PBJV Group Sdn Bhd. The order is valid for a period of 90 days, from Oct 12, 2018 to Jan 9, 2019, according […]

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Kerjaya Prospek wins deal to build Marriott hotel

Kerjaya Prospek wins deal to build Marriott hotel

PETALING JAYA: Kerjaya Prospek Bhd has bagged a contract to construct the new Courtyard by Marriott Kuala Lumpur South Hotel, located off Old Klang Road, Kuala Lumpur. The hotel, sited on 5.2-acre freehold commercial land, is expected to be soft launched in the first quarter of 2019 and slated for completion by 2022. Today, Kerjaya […]

October 16, 2018 | By | Reply More
Serba Dinamik buys 49% of hydro project operator

Serba Dinamik buys 49% of hydro project operator

PETALING JAYA: Serba Dinamik Holdings Bhd is acquiring a 49% stake in OHP Ventures Incorporated for US$800,000 (RM3.33 million) cash. It told Bursa Malaysia that wholly owned subsidiary Serba Dinamik International Ltd had on Oct 15 entered into a share sale and purchase agreement with OHP Ventures Sdn Bhd for the acquisition. Last January, OHP […]

October 16, 2018 | By | Reply More
Singapore’s Temasek to buy Israeli cybersecurity firm Sygnia

Singapore’s Temasek to buy Israeli cybersecurity firm Sygnia

Temasek Holdings signage (AFP pic) TEL AVIV: Israeli cybersecurity technology and services provider Sygnia said on Tuesday it will be acquired by Singapore-based investment firm Temasek for an undisclosed amount. Financial details were not provided. A source with knowledge of the deal, who asked not to be named, told Reuters that Temasek is paying US$250 […]

October 16, 2018 | By | Reply More
German investor morale plunges on trade, Brexit woes

German investor morale plunges on trade, Brexit woes

German firms are increasingly frustrated by the lack of clarity over Brexit. (AFP pic) FRANKFURT: German investor confidence plunged sharply in October, a closely watched survey said Tuesday, dragged down by fears over US-China trade tensions and a hard Brexit. The ZEW economic institute’s barometer, based on a poll of 194 analysts and financial players, […]

October 16, 2018 | By | Reply More