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Samsung opens its biggest store

MUMBAI: Samsung Electronics Co Ltd opened its biggest mobile store in the world in India yesterday as it tries to take pole position in the world’s second-biggest smartphone market amid fierce competition from Chinese brands.

Visitors and staff interact at Samsung's aorld's largest mobile experience centre "Samsung Opera House" after its inauguration in Bangalore on September 11, 2018. - AFP

Blackstone bets on Britain's railway arches

LONDON: Blackstone Group LP is departing from its usual “buy it, fix it, sell it” strategy to make a long-term bet on British commercial real estate.

The private-equity group that’s best known for refurbishing unloved properties and selling them on at a huge profit is pivoting toward a buy-and-hold approach with its politically sensitive purchase of many of the UK’s converted railway arches.

SP Setia property buyers get holiday-themed prizes

PETALING JAYA: Property developer SP Setia Bhd has given away holiday packages worth RM150,000 to seven buyers that purchased property during the company’s “Jet Set with Setia 2.0” campaign.

Going places: Wong (fourth from right) posing with the winners of the ‘Jet Set with Setia 2.0’ at the prize-giving ceremony.

More malls to enter the fray in the Klang Valley

PETALING JAYA: An estimated 6.58 million sq ft of net lettable space from more than 10 malls is expected to enter the Klang Valley retail market in the second half this year, raising concerns of added pressure on occupancy levels for both existing and incoming stock.

Viacom shares could rise even without a CBS merger

NEW YORK: Shares of Viacom Inc could rise "at least" 20 percent over the coming year as the company's strategy to revitalize itself for the digital age takes root, according to Barron's.

Barron's wrote that the rise in shares would not depend upon a deal to merge with CBS Corp, although such a combination could unlock opportunities for cost savings and cross-selling.