20 Jan 2012 - 4:04pm
ROME: A Chinese firm's takeover of the world's leading luxury yacht-maker Ferretti announced Tuesday highlights Asia's fast-growing taste for elegant opulence in contrast to crisis-stricken Western markets. Sleekly tailored with gleaming chrome accessories and luxurious saloons, the Ferretti Group designs some of the most exclusive yachts in...
19 Jan 2012 - 3:25pm
NEW YORK: US camera pioneer Eastman Kodak, which brought photography to the masses over a century ago, filed for bankruptcy early Thursday.
"After considering the advantages of Chapter 11 at this time, the Board of Directors and the entire senior management team unanimously believe that this is a necessary step and the right thing to do for...
18 Jan 2012 - 5:03pm
KUALA LUMPUR: The government plans to appoint an accounting counsultant firm to carry out a due diligence study and auditing on the National Feedlot Centre project. Deputy Prime Minister Tan Sri Muhyiddin Yassin said in order to protect the interest of the government, the consultant firm would carry out a scrutiny and project auditing in terms of...
18 Jan 2012 - 2:43pm
HONG KONG: Italian clothing chain Dolce & Gabbana on Wednesday apologised to the people of Hong Kong for allegedly discriminating against them in favour of wealthy mainland shoppers. The company's flagship store here has been the focus of protests and online rage after reports that a security guard told locals they were not allowed to...
17 Jan 2012 - 6:33pm
KUALA LUMPUR: The country's total trade is projected to grow by seven to eight per cent this year. From January to November 2011, Malaysia's total trade amounted to RM1.16 trillion with exports at RM633.81 billion and imports at RM521.81 billion, according to official statistics. International Trade and Industry Minister Datuk Seri...
17 Jan 2012 - 1:42pm
KUALA LUMPUR: Proton Holdings Berhad was actively traded today, gaining 25 sen to RM5.43, with 40.15 million shares changing hands as at 10am Tuesday. This follows DRB-Hicom Bhd having secured Khazanah Nasional Bhd's 42.7 per cent stake in Proton at RM5.50 a share. HwangDBS Vickers Research said the next largest shareholders, Petronas and the...
16 Jan 2012 - 12:01pm
Journalist/blogger Datuk Ahirudin Attan wrote in Rocky’s Bru today that DRB-Hicom is most likely to get hold of Proton Holdings stakes from Khazanah Nasional Berhad, pointing that is may be Proton’s last chance for continued survival. “With this,” he wrote, “Khazanah Nasional gets to walk away from something it has said it didn’t want to...
14 Jan 2012 - 2:29pm
KUALA LUMPUR: Petronas and its partners have signed a transition agreement with the government of South Sudan for the continued operations in the upstream blocks in the country. The deal was previously awarded by the government of the Republic of South Sudan. In a statement Saturday the national oil company said the agreement grants Petronas and...
13 Jan 2012 - 3:30pm
KUALA LUMPUR: Malaysia Airlines (MAS) is embracing the Lufthansa Systems Electronic Flight Bag (EFB) application suite on its new A330 to further enhance safety of flight operations and reduce costs. In a statement today, MAS said the first of the A330-300 will be fully operational with the EFB by July while the remaining A330 already in the...
12 Jan 2012 - 4:37pm
KUALA LUMPUR: Investors are advised to invest more in fixed income or bonds, compared to equities in the current economic situation. Citibank Malaysia's Head of Investment Strategist and Research, Wealth Management Products, Steven Yong, said a defensive strategy with a larger portion of fixed income seems to be better for the cautious investor...
