Thu06212018

LAST_UPDATEWed, 20 Jun 2018 10pm

Philippines’ San Miguel Eyes Malaysia's State Assets Sale

Pic: NikkeiAsianReview

PETALING JAYA: San Miguel, the Philippines’ largest company by sales, plans to buy state-owned assets in Malaysia, as the government of Prime Minister Dr Mahathir Mohamad looks to trim the country’s debt, the Nikkei Asian Review reported.

Read more: Philippines’ San Miguel Eyes Malaysia's State Assets Sale

Gas Malaysia Ups Natural Gas Tariff

Pic: Sin Chew Daily

GAS Malaysia Bhd has raised the natural gas tariff for the non-power sector in Peninsular Malaysia to RM31.92 per one million British thermal units (MMBtu) from RM30.90 per MMBtu, from July 1, 2018, to Dec 31, 2018.

Read more: Gas Malaysia Ups Natural Gas Tariff

Rolls-Royce Cuts 4,600 Jobs At 'Pivotal Moment' For Business

Pic: Reuters

LONDON: Rolls-Royce is to cut 4,600 jobs over two years in the latest attempt by boss Warren East to reduce costs and complexity and make Britain's best known engineering company more profitable and dynamic.

Read more: Rolls-Royce Cuts 4,600 Jobs At 'Pivotal Moment' For Business

U.S. SEC Official Says Ether Not A Security, Price Surges

Pic: ReutersNEW YORK: The price of ether rose on Thursday after a senior official at the U.S. Securities and Exchange Commission stated that the cryptocurrency was not a security, thus exempting certain transactions in the token from federal securities laws.

Read more: U.S. SEC Official Says Ether Not A Security, Price Surges

Embattled ZTE Seeks $10.7 Billion Credit Line, Nominates 8 Board Members

HONG KONG - Chinese telecommunications giant ZTE Corp (0763.HK)(000063.SZ) has proposed a $10.7 billion financing plan and nominated eight board members in a drastic management overhaul, as it seeks to rebuild a business crippled by a U.S. supplier ban.

Read more: Embattled ZTE Seeks $10.7 Billion Credit Line, Nominates 8 Board Members

Exclusive: Microsoft Takes Aim At Amazon With Push For Checkout-Free Retail

SAN FRANCISCO - Microsoft Corp (MSFT.O) is working on technology that would eliminate cashiers and checkout lines from stores, in a nascent challenge to Amazon.com Inc’s (AMZN.O) automated grocery shop, six people familiar with the matter told Reuters.

Read more: Exclusive: Microsoft Takes Aim At Amazon With Push For Checkout-Free Retail

MAVCOM's Rejection Of Route Applications Hamper Malaysia's Tourism And Economic Growth: AirAsia

KUALA LUMPUR: Malaysian Aviation Commission’s (Mavcom) rejection of route applications will only further hamper Malaysia’s tourism and economic growth.

Read more: MAVCOM's Rejection Of Route Applications Hamper Malaysia's Tourism And Economic Growth: AirAsia

Malaysia's Current Account And Growth Are Positively Correlated With Oil Prices: SC

KUALA LUMPUR: Malaysia has benefitted from higher oil prices through higher commodity exports, higher fiscal revenue and higher commodity-related investments according to a report by Standard Chartered Research.

Read more: Malaysia's Current Account And Growth Are Positively Correlated With Oil Prices: SC

Rolls-Royce Announces 4,600 Job Cuts

Engineering firm Rolls-Royce is to cut 4,600 jobs over the next two years as part of a major reorganisation.

Read more: Rolls-Royce Announces 4,600 Job Cuts

Comcast Bids For Murdoch's Fox Assets In Disney Challenge

Comcast, the US media conglomerate, has launched a bid for parts of 21st Century Fox, after getting rebuffed last year in favour of Disney.

Read more: Comcast Bids For Murdoch's Fox Assets In Disney Challenge