Business

Malaysia's telecommunication firms to achieve 700 mhz spectrum in 2018
Tuesday, December 3, 2013

 KUALA LUMPUR-- Telecommunication companies in Malaysia will achieve the 700 MHz spectrum by 2018 to increase the level of services for customers, said the Malaysian Communications and Multimedia Commission (MCMC). Its chairman Datuk Mohamed Sharil Tarmizi said currently the 700 MHz spectrum or frequency is used by broadcasting services and there were a few steps that needed to be done before it could be applied to the...

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Celcom announces improved third quarter results
Monday, December 2, 2013

KUALA LUMPUR- Celcom Axiata Bhd's revenue for its third quarter period from July to September was RM2.02 billion which showed a slight improvement from last quarter when it recorded a RM2.01 billion.  This brings the total to RM 6.01 billion for the year-to-date which is an improvement of 4.2 per cent. ...

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Banks face Australia's biggest consumer class action suit
Monday, December 2, 2013

MELBOURNE: Australia's largest ever consumer class action lawsuit, in which customers of several banks are fighting for the return of more than Aus$240 million in fees, began here on Monday.
 
Law firm Maurice Blackburn is representing some 43,500 ANZ Bank customers who believe a range of charges they paid were excessive, in the first of several hearings planned as part of the case....

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RapidKuantan to add three more routes next year
Sunday, December 1, 2013

KUALA LUMPUR -- RapidKuantan will be adding three more routes next year between Hentian Bandar and Gebeng via Beserah, another between Hentian Bandar and PSDC via Jalan Galing, and between Hentian Bandar and Gebeng, crossing through the Kuantan bypass. Rapid Bus Sdn Bhd chief executive officer, Zohari Sulaiman said with the three additional routes, RapidKuantan would be serving 16 routes in total, since its operations started last year....

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Malaysia Airlines staff offer financial aid to victims of Typhoon Haiyan
Friday, November 29, 2013

SUBANG:Malaysia Airlines presented a total contribution of RM20,282.70 (PHP 274,388.36) to the Philippine Red Cross at Malaysia Airlines ticketing office in Makati, Philippines on Wednesday.
 
The national carrier raised funds across Malaysia Airlines’ offices system-wide...

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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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