Business

MAS inks deal on engineering solutions
Monday, March 3, 2014

KUALA LUMPUR: Malaysia Airlines (MAS) on Monday announced a strategic partnership with Chennai-based Ramco Systems, an IT solutions provider, for a suite of critical enterprise-wide engineering solutions.
 
The five-year deal includes aircraft maintenance, maintenance service sales, as well as operational, human resources and financial functions, the national carrier said in a statement....

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Shabery calls for better understanding of the data economy
Friday, February 28, 2014

BARCELONA:There is an urgent need for communications and data protection policy makers and regulators to understand more about the data economy, said Dato' Sri Ahmad Shabery Cheek, Minister of Communications and Multimedia.  "In the late nineties, we were embarking on the knowledge economy....

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India's Sahara group boss surrenders to police
Friday, February 28, 2014

NEW DELHI: The head of India's giant Sahara group surrendered to police Friday, two days after the Supreme Court ordered his arrest over delays in repaying billions of dollars illegally collected from small investors.
 
Subrata Roy wilfully submitted himself to police in Lucknow, capital of northern Uttar Pradesh state where the group has its headquarters, Sahara's executive director told a news conference here....

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Restructuring MAS
Thursday, February 27, 2014

KUALA LUMPUR: Radzi Tajuddin's latest posting looked at options on how to restructure the loss-making Malaysia Airlines.
 
Taking cognisance of the competitive nature of the aviation industry, Radzi who blogs as MatRodi in his blog Bringing Sense Back believed that MAS stakeholders should be looking at the various recovery models that had been adopted by other airlines elsewhere....

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Malaysia Airlines Commences Partnership with Ankeyunda
Thursday, February 27, 2014

SUBANG: Malaysia Airlines Haj & Charter will be working together with Ankeyunda to establish a strategic partnership for the provision of scheduled air...

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Malaysia Airlines offers five-day sale to selected destinations
Wednesday, February 26, 2014

KUALA LUMPUR -- Malaysia Airlines (MAS) is offering attractive fares and packages to selected destinations in a five-day sale held in conjunction with the upcoming Malaysian Association of Tour and Travel Agents (MATTA) Travel Fair in March.  In a statement today, the national carrier said the sale is for the travel period of Feb 28-May 31, 2014.  ...

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The Economist explains why airlines make such meagre profits
Tuesday, February 25, 2014

KUALA LUMPUR : A report in The Economist highlighted a fact that many forget about the airline industry which has played a big role in connecting the world but unfortunately has done little to the pockets of the airlines. "Despite incredible growth, airlines have not come close to returning the cost of capital, with profit margins of less than 1% on average over that period. In...

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Chinese survey: Billionaire boom for Asia
Tuesday, February 25, 2014

BEIJING: Asia experienced a billionaire boom last year, with more than 200 people from the continent seeing their net worth pass into 10 figures, a Chinese publisher said Tuesday. A total of 824 Asians were included among the 1,867 people named as dollar billionaires on the Hurun Report's global rich list. ...

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Samsung launches flagship Galaxy S5 smartphone
Tuesday, February 25, 2014

BARCELONA: Samsung unveiled Monday its new flagship Galaxy S5 smartphone armed with a fingerprint scanner and a built-in heart rate sensor to defend its place as the world's industry leader.
 
Taking centre stage on the opening day of the world's biggest mobile fair in Barcelona, the South Korean giant simultaneously revealed a connected bracelet for health-concerned customers....

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LinkedIn launches China version despite censorship fears
Tuesday, February 25, 2014

BEIJING - Business networking site LinkedIn has launched a Chinese version, attempting to tap the huge market while navigating a strict censorship regime that has seen other foreign social media giants banned....

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