Thu04262018

LAST_UPDATEThu, 26 Apr 2018 11am

GM To Shut One South Korea Plant, Decide On Fate Of Others Within Weeks

Pic: Reuters

DETROIT/SEOUL - General Motors Co said it will close one of its four plants in South Korea and incur an $850 million impairment charge as part of a restructuring of its money-losing business in Asia’s fourth-biggest economy.

Read more: GM To Shut One South Korea Plant, Decide On Fate Of Others Within Weeks

BAE Proposes UK Govt Financing To Malaysia For Typhoon Jet Deal

Pic: Reuters77 

KUALA LUMPUR: BAE Systems will provide Malaysia a UK government-backed financing deal if it decides to replace its fleet of combat jets with the Eurofighter Typhoon, senior company officials said.

Read more: BAE Proposes UK Govt Financing To Malaysia For Typhoon Jet Deal

For Advertisers, Snapchat's Got The Kids

Pic: ReutersSAN FRANCISCO: Social network Instagram has come to look more like rival Snapchat after copying some of its features, but marketers say Snapchat’s younger audience and safeguards against poor placement drive enthusiasm for advertising on the smaller app.

Read more: For Advertisers, Snapchat's Got The Kids

Singapore Poised For First Sales Tax Hike In More Than A Decade

Pic: ReutersSINGAPORE: Singapore, a city-state famed for the low-tax model that helped transform it from a gritty port town to an Asian Manhattan, is expected to put something unusual in this year’s government budget announcement: a tax hike.

Read more: Singapore Poised For First Sales Tax Hike In More Than A Decade

IBM Sues Former HR Boss Hired By Microsoft

Pic: Business Insider

International Business Machines Corp sued its former executive Lindsay-Rae McIntyre, who was named Microsoft Corp’s new chief diversity officer over the weekend, alleging violation of a one-year non-competitive agreement.

Read more: IBM Sues Former HR Boss Hired By Microsoft

Petronas Renews Wan Zulkiflee's Contract

Filepic: Berita HarianKUALA LUMPUR: Tan Sri Wan Zulkiflee Wan Ariffin’s contract as Petronas President and Chief Executive Officer has been renewed for three years, effective  April 1, 2018.

Read more: Petronas Renews Wan Zulkiflee's Contract

Singapore RCEP Meeting Crucial, Says Mustapa

Pic: BernamaKUALA LUMPUR: The next  Regional Comprehensive Economic Partnership (RCEP) meeting, which will be held at the ministerial level on March 2, 2018, will be a crucial one to discuss the progress of the trade deal.

Read more: Singapore RCEP Meeting Crucial, Says Mustapa

Maybank Anticipates 30 Pct Rise In E-Ang Pow Transactions For CNY

KUALA LUMPUR -- Malayan Banking Bhd (Maybank) is anticipating a 30 per cent rise in the number of e-Ang Pow transactions this Chinese New Year given the continued adoption of digital banking convenience among customers.

Read more: Maybank Anticipates 30 Pct Rise In E-Ang Pow Transactions For CNY

Cryptocurrency Traders To Launch Lawsuit Against Coincheck On Thursday - Lawyer

Pic: Reuters

TOKYO - A group of cryptocurrency traders will file a lawsuit against Coincheck Inc on Thursday over last month’s theft of $530 million (£382 million) in digital money from the Tokyo-based exchange, a lawyer representing the claimants said.

Read more: Cryptocurrency Traders To Launch Lawsuit Against Coincheck On Thursday - Lawyer

Wegmans Holdings To Raise RM29m IPO

KUALA LUMPUR: Furniture exporter Wegmans Holdings Bhd aims to raise RM29 million from its initial public offering (IPO) on Bursa Malaysia next month.

Read more: Wegmans Holdings To Raise RM29m IPO