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  • World’s largest container vessel calls at Westports Malaysia

    KUALA LUMPUR, Dec 19– Westports Malaysia today added another feather to its cap when the world’s largest container vessel, MV CSCL Globe, made its maiden call at the terminal. The vessel belonging to China Shipping Container Lines (CSCL) is 400 meters long, 60 meters wide and bigger than four standard football fields, while known as the “A380 in the [...]

  • Genting Malaysia unit fails in New York casino proposals

    KUALA LUMPUR, Dec 18–Genting Malaysia Bhd today announced that its indirect wholly-owned subsidiary RW Orange Country LLC has failed in its application for the development and operation of a gaming facility in New York. In its filing to Bursa Malaysia, Genting Malaysia said the New York Gaming Facility Location Board has selected three destination gaming resorts to be considered for [.. [...]

  • NCCIM: Vietnamese delegation keen to learn from Malaysia’s economic development

    KUALA LUMPUR, Dec 17–The National Chamber of Commerce and Industry of Malaysia (NCCIM) today held a meeting with a Vietnamese delegation – comprising members of the Steering Committee for South-West Region (VSCSWR) to discuss Malaysia’s experience in economic development. The delegation comprised 14 delegates which was led by VSCSWR Vice-Chairman (Standing Commission), Nguyen Phong Quan [...]

  • McDonald’s in Japan limits orders of fries

    TOKYO (AP) — Only small fries with that? McDonald’s in Japan has begun limiting the serving size of fries as stocks of spuds run short due to labor disruptions on the U.S. West Coast. McDonald’s began rationing its fries Wednesday morning. It said prolonged labor negotiations with port workers on the West Coast had made [...]

  • Naza launches Aprilia Shiver 750; invests RM6 million to assemble CKD units

    * First Italian motorcycle to be assembled in Malaysia KUALA LUMPUR, Dec 16–NAZA Premira Sdn Bhd today launched the Aprilia Shiver 750 model with a eye-catching price of RM43,888 with a two years manufacturer warranty. The launch of Aprilia’s top-end model of the CKD edition creates history for Malaysia as the first country outside Italy [...]

  • Korean Air to be sanctioned for nut rage cover-up

    SEOUL, South Korea (AP) — South Korea’s transport ministry said Korean Air Lines Co. will face sanctions for pressuring employees to lie during a government probe into the nut rage fiasco that highlighted the tyrannical behavior of a top Korean business family. The ministry said Tuesday it will also evaluate if the airline’s corporate culture [...]

  • Bank of Japan business survey sees torpid outlook

    TOKYO (AP) — Japanese businesses are cautious over prospects for a recovery, according to a quarterly central bank survey released Monday that showed a mixed outlook for the world’s third-largest economy. The results of the Bank of Japan’s “tankan” highlight the challenges Prime Minister Shinzo Abe faces following a landslide election victory Sunday. The leading [...]

  • Kuwait emir says Gulf development hit by oil price

    DOHA, Qatar (AP) — Kuwaiti Emir Sheikh Sabah Al-Ahmad Al-Sabah says Gulf countries’ national development programs are being affected by the slide in oil prices, which have hit the oil-producing and exporting countries’ incomes. Al-Sabah was speaking at the annual summit of the six-nation Gulf Cooperation Council in the Qatari capital of Doha on Tuesday, the same [...]

  • Korean Air Lines exec resigns over nut dispute

    SEOUL, South Korea (AP) — A top executive of Korean Air Lines resigned Tuesday amid mounting public criticism that she delayed a plane over how she was served macadamia nuts. Company officials said that Chairman Cho Yang-ho has accepted the resignation of Cho Hyun-ah, his eldest daughter, as executive vice president of cabin service. However [...]

  • Nuts! Korean flight delayed by first class spat

    SEOUL, South Korea (AP) — Korean Air Lines apologised Tuesday for inconveniencing passengers after the daughter of its chairman ordered a crew member off a flight for serving bagged nuts in the first class cabin. South Korean daily Segye Ilbo reported Monday that the flight from New York City to Incheon, South Korea returned to the gate [...]

  • Why oil is down by half, what it means for you

    NEW YORK (AP) — The price of oil has fallen by nearly half in just six months, a surprising and steep plunge that has consumers cheering, producers howling and economists wringing their hands over whether this is a good or bad thing. The price of a barrel of oil is just under $56, down from [...]

  • Maybank recognised as ‘Towers Watson Global High Performance’ company

    KUALA LUMPUR, Dec 10– Maybank has been recognised for the second consecutive year, as the only Malaysian-founded organisation to be listed in the Towers Watson Global High Performing Company Norm. Maybank is placed alongside 26 other globally recognised companies in the  internationally acclaimed benchmark for high performing organisations. Organisations are evaluated based on two criteria, namely, superior financial [...]

  • Maybank launches inaugural GreTai Securities Market in China, Taiwan

    KUALA LUMPUR, Nov 28–Malayan Banking Berhad (Maybank) has successfully launched an inaugural GreTai Securities Market (“GTSM”) listed transaction in Taiwan, Republic of China, raising USD500 million from professional institutional investors. This is issued out of Maybank’s existing USD 5 billion Multi-Currency Medium Term Note Programme and is Maybank’s first 30 year callable zero coupon notes. [...]

  • Oil plunge a panacea for crude-reliant Asia

    TOKYO–A renewed plunge in oil prices is a worrying sign of weakness in the global economy that could shake governments dependent on oil revenues. It is also a panacea as pump prices fall, giving individuals more disposable income and lowering costs for many businesses. Partly because of the shale oil boom in the U.S., the [...]

  • Proton reactivates ‘Proton We-Care Prihatin Banjir’ programme

    SUBANG JAYA, November 26–To alleviate concerns over the flood victims throughout the country, PROTON Holdings Berhad has reactivated the “PROTON We-Care Prihatin Banjir” programme to help Proton owners who suffered damages to their cars due to flooding. Under PROTON We-Care Prihatin Banjir, affected Proton owners will be given 20% discount to the total cost of [...]

  • Aircel-Maxis case: M’sian tycoon, Maran brothers summoned to court

    NEW DELHI, Oct 30–Malaysian tycoon, T Ananda Krishnan is one of seven people, including former Indian telecom minister Dayanidhi Maran, who were summoned by the country’s special 2G court in connection with the Aircel-Maxis deal, the reported. Special CBI Judge O.P. Saini took cognisance of the CBI’s charge sheet filed against the eight accused [...]

  • Venezuela ordered to pay $1.6 billion to Exxon

    WASHINGTON (AP) — An international arbitration panel ordered Venezuela’s socialist government on Thursday to pay $1.6 billion to Exxon Mobil for the seizure of a major oil project in the South American country and other losses. It is the largest award yet in a backlog of costly complaints against Venezuela over a wave of nationalizations [...]

  • India, China leaders to discuss trade, investment

    NEW DELHI (AP) — Chinese President Xi Jinping vowed to bring prosperity to Asia and create opportunities for the world as he and India’s Prime Minister Narendra Modi began talks Thursday to deepen cooperation through investment and trade. Xi said India and China as the world’s largest developing countries and emerging markets shared a relationship of [...]

  • Sony forecasts US$2bil loss, cites weak mobile

    TOKYO (AP) — Sony expects its annual loss to swell to more than $2 billion after writing down the value of its troubled mobile business as phone sales sagged amid brutal competition. The Japanese electronics and entertainment conglomerate said Wednesday it anticipates a net loss of 230 billion yen ($2.15 billion) for the fiscal year [...]

  • APU-ABNxcess sign MOU to bridge industrial needs

    KUALA LUMPUR, Sept 5–Asia-Pacific University of Technology and Innovation, Malaysia (APU) and Asian Broadcasting Network (M) Sdn Bhd today signed a Memorandum of Understanding (MoU) to furnish the broadcasting and media industry with skilled and market-ready workforce. The main objective of the MoU will be to promote interaction between APU and ABNxcess in mutually beneficial [...]