• SMEBiz

    A case of leading by example

    PKT Logistics Group’s Datuk Michael Tio has gathered quite a following. While this can be somewhat attributed to his presence on Facebook, Tio is also well regarded for his efforts in transforming his company.

    All aboard: The latest group of entrepreneurs on Tios study tour to the UK last October.
  • SMEBiz

    Ensuring sustainability of the wood-based industry

    SUSTAINABILITY is one of the key issues facing wood-based industry. Indeed the timber industry is a significant part of the economy, contributing about 1.7% to the national gross domestic product (GDP) with earnings of RM23.2bil in 2017.

    Long-term growth: There is huge demand for timber products but they have to be harvested sustainably for the longevity of the industry.
  • Economy

    Japan’s strong confidence in Dr M leads to Samurai bonds issue

    KUALA LUMPUR: Japan’s strong confidence in the leadership of Prime Minister Tun Dr Mahathir Mohamad will lead to financial aid packages to Malaysia, including the issue of Samurai bonds, said Japanese Ambassador to Malaysia Dr Makio Miyagawa.

    Japan has strong confidence in Mahathir. (File pic shows Mahathir and Japanese PM Shinzo Abe.)
  • SMEBiz

    Laying a solid base

    LAMINATE flooring has come a long way from the cheap, synthetic product it once was. While the types and quality of some of the laminate flooring out there are still less than eco-friendly, it is clear that they are now part and parcel of the trend in modern living.

    New markets: Tan says Inovar will be venturing into largely untapped markets, namely smaller towns.
  • Forex

    Licking their wounds, fund managers gear for rally in 2019

    NEW YORK: With bond and equity markets from the United States to emerging markets all on pace to lose money this year, investors have not seen this much red on their screens since 1972, the last time no asset class returned at least 5%.

  • SMEBiz

    Consumer cheer extends beyond one celebration

    THE con­sumer cheer un­leashed by the Sin­gles Day (or Dou­ble Eleven) on­line shop­ping fes­ti­val on Nov 11 will likely ex­tend to New Year’s Day in China, coast­ing on the grow­ing pop­u­lar­ity of non-re­li­gious Christ­mas­-time cel­e­bra­tions, in­dus­try in­sid­ers said.

  • Corporate News

    Bunge is open to talks with Glencore and ADM as CEO to leave

    CHICAGO: Bunge Ltd will announce as soon as today the departure of its chief executive officer, removing a hurdle to further talks with would-be buyers, said a person familiar with the matter.

  • Economy

    China’s factory prices up at 13-month slowest pace

    BEIJING: China’s factory prices rose in November at their slowest pace since October 2016 as domestic demand lost further momentum, piling pressure on policymakers to unveil more measures to support the economy.

    Slower orders: Women making stuffed toys for export at a factory in Huaibei, Anhui province. China reported its weakest factory activity in over two years in November as new orders slowed. — Reuters
  • SMEBiz

    Expanding as a tech-based company

    WITH the changing of the times, Konica Minolta Business Solutions Bhd is keeping up by moving beyond its core photocopier business into providing IT-based business solutions to a new base of clientele.

    More services: Apart from printing needs, Lim says the company is also able to help its clients with business operations.
  • SMEBiz

    Mobility startup raises funds

    E-SCOOTER service provider Neuron Mobility has raised S$5mil (RM15.2mil) to expand its services across Asia Pacific.

  • e-Commerce

    Uber files for a listing

    SAN FRANCISCO: Uber Technologies Inc has joined rival Lyft Inc in filing for an initial public offering (IPO), according to a person familiar with the matter.

  • Corporate News

    Export cargo volume at Penang airport seen rising 8%

    GEORGE TOWN: The volume of export cargo handled at the Penang International Airport is projected to rise by 8% in 2018 to 69,630 tonnes from 65,747 tonnes in 2017.

    Penang Freight Forwarders Association secretary-general Ali Ahmad told StarBiz the increase indicated that the local electrical and electronic (E&E) industries was in a healthy state.
  • Economy

    Switzerland plays for time in stock market standoff with EU

    ZURICH: In its game of brinkmanship with the European Union (EU), Switzerland is playing for time.

  • Telcos

    Canadian telcos face US$1bil cost to remove Huawei gear

    PRAGUE: Canada’s Telus Corp and BCE Inc may face at least US$1bil in costs if the country bans telecommunications equipment made by China’s Huawei Technologies Co from their next generation 5G mobile networks, The Globe and Mail reported, citing unidentified people familiar with the industry.

  • Auto

    Porsche recalls SUVs in US

    NEW YORK: Porsche AG sells its luxury SUVs for as much as US$160,000, but one accessory worth just a few hundred dollars has caused a snafu.

  • Economy

    Fed still on track for hike

    NEW YORK: A slight miss on monthly US payroll data hasn’t shifted odds that the Federal Reserve will raise interest rates at its Dec 18-19 meeting, though the jobs report has made the gathering a lot more interesting.

  • Corporate News

    iHeal Heart going for IPO

    Group plans Leap Market listing in the first half of 2019

    “The heart is without a doubt one of our most important organs. What is for certain is that if you don’t have a strong heart, you will not be able to live long. Nowadays, if you literally do not have a good heart, you cannot live long also,” laughs Khoo
  • Corporate News

    Log shortage forcing some plywood mills to stop production

    KUCHING: Log supply shortage is serious in both Malaysia and Indonesia, and this has forced some plywood mills to halt production.

    “Log shortage in Malaysia and Indonesia is grave and plywood mills struggle to keep their operations.  “High log cost and low sales prices (of plywood products) put all the plywood mills in Malaysia and Indonesia in life or death situation,” according to the Japan Lumber Report (JLR).
  • Corporate News

    MB: Forensic audit on GLCS to continue

    ISKANDAR PUTERI: The state government will continue to carry out forensic audit on Johor government-linked companies (GLCs), says Mentri Besar Datuk Osman Sapian.

    “As an example, JCorp has debts of RM4.16bil. I don't deny that JCorp has contributed significantly to Johoreans in many ways in the likes of Waqaf An-Nur clinics, employment opportunities and affordable houses and many more,” Osman said. “However, there is still a need to carry out forensic audit to determine if there is any leakage.”
  • Oil & Gas

    Malaysia to cut oil output by 15,000 barrels per day, says Azmin

    KUALA LUMPUR: Malaysia will reduce its total oil output by 15,000 barrels per day (bpd) in line with the proposal by the oil-producing countries to support oil prices, Economic Affairs Minister Datuk Seri Mohamed Azmin Ali said on Sunday.

    Economic Affairs Minister Datuk Seri Mohamed Azmin Ali said Malaysia’s commitment to reduce the oil output was in line with the 5th Opec and non-Opec Ministerial Meeting in Vienna.