Business

Malaysia high in global infrastructure investment attractiveness
Monday, September 22, 2014

KUALA LUMPUR -- September 22, 2014: Malaysia has been ranked highly among 41 countries as the most attractive market for investment in infrastructure, according to the Arcadis Global Infrastructure Investment Index.
 
This is crucial as infrastructure is considered the backbone of a country and a catalyst for its long-term economic development.
 
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Sizzling Dubai property prices cool down
Monday, September 22, 2014

DUBAI -- September 21, 2014: PROPERTY prices here are cooling to "healthy" levels after a two-year rally during which real estate rebounded from a slump when the global financial crisis hit in 2009.
 
Developers at a property show have rolled out scale models of latest projects, including Mall of the World, a larger-than-life venture announced in July complete with temperature-controlled high streets, a theme park, hotels and a theatre....

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Another 13 Customs officers remanded
Thursday, September 18, 2014

PETALING JAYA, September 18, 2014: Thirteen Royal Malaysian Customs officers have been ordered to be remanded for seven days from today in connection with several cases of liquor and cigarette smuggling which caused the country to lose RM4 billion in revenue.
 
The remand order was issued by magistrate Ahmad Solihin Abd Wahid following an application by the Malaysian Anti-Corruption Commission (MACC)....

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MAS threatens action against falsehood and negative propaganda
Thursday, September 18, 2014

Malaysia Airlines (MAS) will not hesitate to take legal action against those who publish, disseminate and perpetuate misinformation and falsehoods about the national carrier.
 
In a statement, MAS said it has and will always be an airline with integrity and would not tolerate baseless allegations against the national icon.  
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Outplacement centre for redundant MAS staff
Thursday, September 18, 2014

KUALA LUMPUR, September 18, 2014: Khazanah Nasional is to set up a special centre to provide outplacement support to some 6,000 Malaysia Airlines (MAS) staff to be made redundant under its restructuring process.
 
A source familiar with the restructuring said the focus of the outplacement centre (OPC) would be to extend all relevant and required support.
 
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Asia's billionaires see fastest wealth growth
Wednesday, September 17, 2014

SINGAPORE -- September 17, 2014: Asia's billionaires led by Chinese tycoons enjoyed the fastest increase in their wealth this year compared to their peers in the rest of the world, a report said today. The combined wealth of Asia's billionaires grew 18.7 per cent from last year to $1.41 trillion, said the report by Wealth-X, a research firm specialising in ultra-high net worth individuals, and Swiss bank UBS....

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Minister: "France is sick"
Wednesday, September 17, 2014

PARIS -- September 17, 2014: Crisis-hit France is sick, the country's new economy minister said today, urging immediate reforms to tackle sky-high unemployment and an economy that has failed to grow in six months.
 
"France is sick. It's not well. We have to describe the situation as it is," Emmanuel Macron told French radio.
 
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Casino resort Atlantic City falls on hard times
Wednesday, September 17, 2014

ATLANTIC CITY -- September 16, 2014: FOR decades, Atlantic City was a popular vacation destination, with glittering casinos, sandy beaches and the boardwalk running along the Atlantic Ocean. Tourists poured in and locals reaped the rewards. But New Jersey's crown jewel -- the inspiration for the Monopoly board game and the setting for HBO's award-winning series "Boardwalk Empire" -- has fallen on hard times....

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German court lifts ban on Uber car pick-up service
Tuesday, September 16, 2014

BERLIN -- September 16, 2014: Controversial but popular car pick-up service Uber claimed a victory in Germany today when a court threw out an injunction levelled against its operations in Europe's biggest economy.
 
The regional court in Frankfurt ruled there was no need for an urgent temporary ban against the San Francisco-based firm, which allows passengers to summon cars using an app on their smartphones at prices that significantly undercut rival taxi companies....

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Enrich launches partnership with Rocketmiles
Friday, September 12, 2014

KUALA LUMPUR, September 12, 2014: Malaysia Airlines' (MAS) frequent-flyer programme, Enrich, has signed an agreement with Rocketmiles which will enable Enrich members to earn thousands of Enrich Miles for hotel bookings worldwide.
 
In a statement today, MAS said that from now onwards, Enrich members could earn 1,000 to 5,000 miles for each night booked with participating hotels represented by Rocketmiles....

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