Banking


  • Filter by

China’s biggest startups opt for home-made tech

FOR years, companies like Oracle and International Business Machines (IBM) invested heavily to build new markets in China for their industry-leading databases. Now, boosted in part by escalating US tensions, one Chinese upstart is stepping in, winning over tech giants, startups and financial institutions to its enterprise software.





Adding storage: PingCAP’s system allows companies to expand their data storage by simply linking more servers to existing ones. — Reuters

Deutsche Bank board to meet to decide on job cuts

FRANKFURT: Deutsche Bank’s supervisory board will meet on July 7 to discuss a major restructuring that may result in as many as 20,000 job cuts, four people with knowledge of the matter said.

It’s time to focus on hidden economy

A TAX officer went to buy a bicycle for his kid. The seller asked if he would like to get a receipt and pay the tax, which will result in higher price, or buy the bicycle without the receipt and purchase it at a lower price. So, the tax inspector paused and thought for a moment on, “What should I do?”

The government should consider legalising some of the underground economic activities as a way to legitimately tax and raise revenue.  Finally, governments can stimulate the creation of higher-paying legal jobs, which would theoretically shrink the underground economy.

Institutional shareholders flex their muscles

Shareholders, especially institutional ones, are beginning to flex their muscles on the remuneration of boards of directors – something quite rare in corporate Malaysia previously.

FGV chairman Datuk Wira Azhar Abdul Hamid was paid about five times more than the average received by a normal director in FY2018

Short Position

TAN Sri Megat Zaharuddin Megat Mohd Nor lasted only 11 months as chairman of the Federal Land Development Authority (Felda). He was roped in to improve the governance in Felda and resolve its cash-flow problems.

What will happen to PLUS?

IN the developing highway saga, the billion-dollar question is what will happen to PLUS – also known as the North-South Expressway (NSE) – in light of the government’s attempt to abolish toll roads?

UK stock market another victim of Brexit

LONDON: Brexit has claimed another victim: the UK stock market. Three years after the referendum to leave the European Union, the nation’s equity market is shrinking faster than any other major venue globally, according to Citigroup Inc.

Brexit has claimed another victim: the UK stock market. Three years after the referendum to leave the European Union, the nation’s equity market is shrinking faster than any other major venue globally, according to Citigroup Inc.