Business

Netherlands loses AAA rating on weak growth
Friday, November 29, 2013

THE HAGUE: The Netherlands on Friday dropped out of the exclusive club of "AAA" rated countries after Standard & Poor's agency downgraded it to AA+, citing weakening growth prospects. The surprising downgrade leaves only three remaining countries in the 17-nation eurozone with the coveted top rating from all three of the world's major agencies. ...

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Crucial jobs cleaning up after Typhoon Haiyan
Thursday, November 28, 2013

TACLOBAN: Tens of thousands of desperately needed jobs are being created for survivors of a catastrophic typhoon in the Philippines by paying them to clear mountains of waste from ruined cities and farms.
 
UN agencies are spearheading the cash for work programmes, which they hope will provide a triple-boost to communities destroyed by Super Typhoon Haiyan, with lifting morale as vital as cleaning up and helping economies....

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Car Prices
Thursday, November 28, 2013

1. Malaysians are perpetually complaining about car prices being too high in Malaysia. Yet we should know that on a per head basis, there are more cars in Malaysia than all the other Asean countries.
 
2. Already there are traffic jams all over K.L., many half a kilo long!
 
3. It takes half an hour to move just one kilometre....

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MASwings maiden flight to Puerto Princesa a milestone
Wednesday, November 27, 2013

KOTA KINABALU: The Brunei Darussalam-Indonesia-Malaysia-Philippines East Asean Growth Area (BIMP-EAGA) Malaysia Business Council has described MASwings' maiden flight to Puerto Princesa in Palawan, Philippines, as the most significant chapter in the province's aviation history.
 
Its chairman Datuk Roselan Johar Mohamed said this is...

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Spaniards take big wage cuts to keep jobs
Wednesday, November 27, 2013

MADRID: Fearful of joining the one in four workers out of a job, Spanish employees are accepting ever deeper salary cuts as they pay the price of the economy's growing competitiveness.
 
An 11-day work stoppage this month by street sweepers here, which left the Spanish capital strewn with litter, was a striking example.
 
...

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Naza Bike targets Ducati sales of 15% in the north
Wednesday, November 27, 2013

GEORGETOWN: Next Bike Sdn. Bhd., the sole importer and distributor of the Ducati brand in Malaysia, is targetting 15 per cent sales from the north in relation to total sales in Malaysia.
 
Naza Motor Group vice-president (Two Wheels Division), Nik Danial Nik Mahmood, said Ducati was among the top premium models in Malaysia and owned by 1,500 people nationwide so far.
 
...

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MAS to strengthen halal standards
Tuesday, November 26, 2013

PETALING JAYA: Malaysia Airlines (MAS) has signed a memorandum of understanding (MOU) with the International Institute for Halal Research and Training (INHART), a centre dedicated to halal industry set up by the International Islamic University Malaysia.
 
Under the MoU, MAS will accept students from INHART for internships at its halal catering operations...

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Malaysian economy one of most resilient in region
Tuesday, November 26, 2013

KUALA LUMPUR: The Malaysian economy is one of the most resilient in the region with domestic demand the primary growth driver amid strong government spending.
 
Head of investment strategy and chief economist at AMP Capital, Shane Oliver, said this would ensure that its economy would continue to be one of the most vibrant in the region.
 
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Malaysia set to weather a slowing of US stimulus spending
Monday, November 25, 2013

 KUALA LUMPUR : In a news report featured in Australia Network News today, Malaysia was described as one of the most resilient economies in the region which is determined to succeed.  “Most economists are predicting another round of capital outflow from Asian economies once the US announces a slowdown in stimulus spending....

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SIA stops world's longest flight
Monday, November 25, 2013

SINGAPORE: The world's longest nonstop commercial flight ended without fanfare Monday after Singapore Airlines (SIA) flew its last nearly 19-hour service from New York. Flight SQ 21 landed early Monday in Changi Airport, bringing an end to a nine-year run. A direct service to Los Angeles has also been cancelled as part of a fleet renewal. ...

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