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New York wants Amazon’s new headquarters, says city beats ‘burbs

New York City is officially throwing its hat in the ring to lure Amazon.com Inc’s proposed second headquarters, hoping its large, diverse workforce, extensive university system, big-city living and status as an epicentre of industry will overcome its major drawback as one of the country’s most expensive housing markets.

A view of the One World Trade Centre tower and the lower Manhattan skyline of New York City at sunrise. The city is highlighting the example of Alphabet Inc’s Google, which has 5,000 employees in Manhattan, as a prime example of how West Coast tech can thrive in the Big Apple. — Reuters

Light at the end of tunnel for Reliance Pacific?

KUALA LUMPUR: Reliance Pacific Bhd, which recorded two years of quarterly losses could be seeing light at the end of a tunnel following the emergence of two new substantial shareholders and some changes in key management.

Reliance starts to turn around under new major shareholders

KUALA LUMPUR: Reliance Pacific Bhd, which recorded two years of quarterly losses, is seeing the light at the end of a tunnel following the emergence of two new substantial shareholders and some changes in key management.

Avillion Admiral Cove in Port Dickson. Reliance will add a new hotel under the Avillion brand in Cameron Highlands in the current financial year.

Asia Media Group in the dark on sharp fall in share price

KUALA LUMPUR: Asia Media Group Bhd, a digital outdoor advertising company, does not know the reason for the 35% drop in its share price on Tuesday.

Ancom cautious about financial performance

SUBANG JAYA: Agricultural and industrial chemicals producer Ancom Bhd remains cautious about its upcoming financial year’s performance, citing the sluggish global economic outlook and weak oil prices.

Utusan’s unit in JV for MRT advert contracts

KUALA LUMPUR: Utusan Melayu (M) Bhd’s unit Utusan Airtime Sdn Bhd (UASB) has signed a joint-venture (JV) agreement with Puncak Berlian Sdn Bhd, VGI Global Media Public Co Ltd and Ikatan Asli Sdn Bhd (IASB) to set up a JV company, Titanium Compass Sdn Bhd.

PUC Founder teams up with China’s Internet finance group

KUALA LUMPUR: PUC Founder (MSC) Bhd’s unit EPP Solution Sdn Bhd has been appointed as the sole authorised agent in Malaysia for China’s Internet financial services group, Lakala Payment Co Ltd.

FIFA leads the field on pay

LONDON (Reuters) - Football's international administrators, like players on the field, are collecting salaries that outstrip most of their peers in other sports, and no less so than at FIFA, annual accounts from governing bodies show.

Techies lift NYC’s aged district

The Internet economy is rejuvenating New York City’s Midtown South, pushing up real estate prices, as tech companies look for alternatives to the Silicon Valley.

Techies lift aged Midtown South to NYC real estate heights

The Dutch, it is said, bought Manhattan Island in 1626 from its native American inhabitants for about US$24 (RM86) in trade goods. Half a millennium later, that sum wouldn't buy a square foot of office space in Midtown South.

SKYROCKETING PRICES: Fuelled by an influx of workers from the Internet economy and a record 17 consecutive quarters of rising prices, the average cost per square foot of office space in Midtown South hit an all-time high of US$62.02 (RM223) in the first quarter, according to Colliers International. – Reuters

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