Thu10022014

LAST_UPDATEThu, 02 Oct 2014 10pm

US Banks Mull 20% Pay Hike

Pic: TRPNEW YORK: JPMorgan Chase & Co and Bank of America Corp are planning to hike salaries of junior employees by at least 20%, people familiar with the proceedings said.

Read more: US Banks Mull 20% Pay Hike

Auto Makers May Exit Philippines

Pic:ToyotaMANILA: Top Japanese automakers in the Philippines are threatening to shift production to cheaper Southeast Asian countries as the government drags its feet on a plan to rebuild its shrinking car manufacturing industry.

Read more: Auto Makers May Exit Philippines

Inflation To Stay Steady At 3%, Rising Next Year With GST

Pic: TRPKUALA LUMPUR: Economists expect short-term inflation to remain at above 3% for the rest of the year, in view of a further subsidy rationalisation exercise.

Read more: Inflation To Stay Steady At 3%, Rising Next Year With GST

Houses Exempt From GST

Pic: TRPKUALA LUMPUR: Over the last decade prices of residential properties have escalated beyond the affordability of the average wage earner and it seems there is nothing to stop the prices from rising further.

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Malaysians Prefer Smaller Tablets

Pic: TRPKUALA LUMPUR: With demand for tablet computers still strong in Malaysia, the latest retail audit by consumer research firm GfK found that demand here is shifting towards smaller-sized devices.

Read more: Malaysians Prefer Smaller Tablets

Russia Closes 4 Mcdonald’s Outlets

Pic: TRPMOSCOW: Russia’s food safety watchdog is conducting unscheduled checks at McDonald’s restaurants in the Ural mountains region of Sverdlovsk, it said today, a day after four branches in Moscow were shuttered by the same agency.

Read more: Russia Closes 4 Mcdonald’s Outlets

Local Air Travel Competition Easing

Malindo Air could gain from MAS review of domestic, regional routes. - Filepic KUALA LUMPUR: AirAsia Bhd’s second-quarter results point to early signs of a recovery in the Malaysian market with a planned restructuring by Malaysian Airline System Bhd (MAS) expected to lead to lower capacity in the sector.

Read more: Local Air Travel Competition Easing

Idris Jala Not Rejoining MAS

Datuk Seri Idris Jala was former MAS chief. - AFP FilepicKUALA LUMPUR: A top Malaysian economic policymaker today said he would not rejoin ailing carrier Malaysia Airlines (MAS) as chief executive, dismissing a report that he was among several candidates to replace the current management.

Read more: Idris Jala Not Rejoining MAS

Delay In I-City Mall Plan

Artist concept of the CentralPlaza@i-City mall. - Pic courtesy of I-Bhd BANGKOK: Thailand’s largest department store developer, Central Pattana Pcl, today said it would delay the opening of its first mall in Malaysia to 2017 from 2016 as it needs more time to study the market.

Read more: Delay In I-City Mall Plan

No KFC, Pizza Hut Ads Tomorrow

Flags will be flown at half-mast. TRP file pic by Arif Kartono  KUALA LUMPUR: Several corporates are going the extra mile to mark tomorrow’s day of mourning as the first victims of Malaysia Airlines Flight MH17 return home.

Read more: No KFC, Pizza Hut Ads Tomorrow