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Digital to be leading channel in ad spend

WITH digital advertising in Asia-Pacific to reach almost half of the region’s total advertising spend this year, pressure is mounting on media vendors and agencies to go digital in their offerings to sustain their business

Amplifi Malaysia managing director Hasnain Babrawala tells StarBizWeek that 2019 is set to be the biggest year where the character of media agency groups will be tested.

Toyota, Panasonic to set up EV battery JV in 2020

TOKYO: Toyota Motor Corp and Panasonic Corp are set to launch a joint venture next year to produce batteries for electric vehicles (EV) in an effort to compete with Chinese rivals, a source familiar with the matter said.

Indian govt sacks two Punjab National Bank execs over US$2b fraud

NEW DELHI: India has sacked two senior executives of state-run Punjab National Bank (PNB) for allegedly failing to prevent a US$2 billion fraud, two sources with direct knowledge of the matter said on Sunday, nearly a year after the country's biggest bank scam came to light.

Punjab National Bank said the government had removed K. Veera Brahmaji Rao and Sanjiv Sharan "from the office of executive director" with immediate effect.

Fed policymakers leave little doubt: Rate hikes can wait

SOMERSET, N.J./SAN FRANCISCO: Patience" is the new mantra at the Federal Reserve, less than two weeks ahead of the U.S. central bank's first policy meeting of the new year, as officials leave little doubt they want to stop raising interest rates - at least for a while.

Fed Chair Jerome Powell(pic first used the word "patient" to describe his approach to monetary policy early this month, in words that soothed financial markets after months of volatility.  This week seven other policymakers followed Powell in embracing a "patient" approach or otherwise signaling an inclination to pause the cycle of rate hikes.

Wall Street extends rally on U.S.-China trade optimism

NEW YORK: U.S. stocks rallied on Friday, helping Wall Street's major indexes advance for the fourth consecutive week, as increased hopes the United States and China would resolve their trade dispute lifted shares across sectors.

The Dow Jones Industrial Average rose 336.25 points, or 1.38 percent, to 24,706.35, the S&P 500 gained 34.75 points, or 1.32 percent, to 2,670.71 and the Nasdaq Composite added 72.77 points, or 1.03 percent, to 7,157.23.  For the week, the Dow rose 2.96 percent, the S&P 500 gained 2.87 percent, and the Nasdaq added 2.66 percent. All three indexes registered their biggest four-week percentage gain since October 2011.  U.S. stock markets will be closed on Monday for the Martin Luther King Jr. holiday.

4As holding IPA creative directors bootcamp

THE Association of Accredited Advertising Agents of Malaysia (4As) is presenting a Chartered Institute of Practitioners in Advertising (IPA) course called the IPA Creative Directors Bootcamp from Feb 25-26 at Aloft Hotel, Kuala Lumpur.

Japan Inc profits under siege

TOKYO: Two prominent Japanese electronics and equipment makers warned of profit declines over the past week due to the impact of the US-Sino trade war, stoking worries of widespread cuts to corporate earnings forecasts and a hit to economic growth.

Felda: Guan Eng’s statement on late payments untrue

PETALING JAYA: The statement by Finance Minister Lim Guan Eng claiming that there were late payments of arrears to Sungai Koyan settlers is untrue, says the Federal Land Development Authority (Felda).

Asia’s richest man outlines plan to take on Amazon

BANGALORE: Reliance Industries Ltd will roll out its online shopping platform to 1.2 million retailers and store-owners in western India, sketching out an ambitious plan to take on Inc and Walmart Inc’s Flipkart on its home turf.

Ambani: Jio and Reliance Retail will launch a unique new commerce platform. — AP