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Arul: 1MDB has no short-term debts

IPOH: 1Malaysia Development Bhd (1MDB) has no short-term debts but only long-term liabilities of some RM31bil that would be repaid according to schedule, its chief executive officer Arul Kanda Kandsamy said.

1MDB CEO Arul Kanda giving a talk on 1MDB during Bicara Negara in Ipoh yesterday. -  SAIFUL BAHRI/The Star

MPPM stamps its mark in digital advertising

PETALING JAYA: Programmatic online advertising has gained further traction since the inception of the Malaysia Premium Publishers Marketplace (MPPM) in November last year. Its testament can be gauged by the views of industry leaders who agree that such a platform promotes transparency in online ad trading and bolster brand safety, among others.

Hasnain: Premium news content is an ever-green genre.

Qualcomm's Jacobs to leave board as he explores acquisition

SAN FRANCISCO: Qualcomm Inc said director Paul Jacobs (pic), son of the chipmaker’s founder and a former chief executive officer, will leave the board after he decided to explore an acquisition of the company.

Jacobs(pic), 55, was stripped of his executive chairman title last week as the company sought to fend off a US$117bil hostile takeover bid from Broadcom Ltd.

iQiyi launches US$2.4bil US IPO

BEIJING: Chinese video streaming service provider iQiyi Inc, a unit of search engine giant Baidu Inc , has launched an initial public offering in New York worth up to US$2.4bil, seeking to expand its range of content.

It plans to offer 125 million American depositary shares priced at US$17 to US$19 each, the company said in a filing to the US Securities and Exchange Commission.  Underwriters have an option to sell an additional 18.75 million shares, which if exercised in full could bring the value of the deal to about US$2.7bil.

Wall Street's tech love affair might end in tears

SAN FRANCISCO: Outsized returns delivered by, Netflix and other heavyweight technology stocks have made them heroes on Wall Street, but some strategists warn that investors' reliance on them exacerbates the risk of a steep downturn.

Amazon's 35 percent surge in 2018 has pushed its market capitalization up to $770 billion, equivalent to 3 percent of the S&P 500 and close behind Apple's nearly 4 percent share of the index.

Product exclusions from US metals tariffs may take 90 days

WASHINGTON: Steel and aluminum users that depend on imported products not available from U.S. producers may have to wait up to 90 days for an exclusion from the Trump administration's new metals tariffs, according to a Commerce Department document.

The exclusion rules have been anxiously awaited by manufacturing companies since President Donald Trump announced the tariffs on March 7 to protect domestic steel and aluminum producers on national security grounds. U.S. allies, however, remain in the dark about country-specific exemptions.