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Langkawi poised to become cruise destination for Europeans

KUALA LUMPUR: Langkawi may soon see an influx of European tourists as the paradise island is being positioned to become a cruise destination for the European market.


Shubhankar seeks happy return to Malaysia in CIMB Classic

PETALING JAYA: Indian debutant Shubhankar Sharma will spearhead a strong line-up of 10 Asian Tour golfers at the US PGA Tour’s CIMB Classic, which starts at the TPC Kuala Lumpur on Thursday.


KKR in US$1.24bil bid for Australian accounting software firm MYOB

SYDNEY: KKR & Co has launched a A$1.75bil (US$1.24bil) takeover offer for MYOB Group after buying almost a fifth of the Australian accounting software provider, as the US private equity firm grows its portfolio of tech businesses.


India’s aluminium makers win Japan sales

TOKYO: Indian aluminium makers including Hindalco Industries and Vedanta Ltd are boosting sales to Japan as US sanctions against Russia’s Rusal and import tariffs shake up traditional supply routes.


Welcome to rupiah’s new normal

JAKARTA: Indonesian policy makers wrestling with a weaker currency have a message for the market: welcome to the new normal.


Moles in govt tipping off Jho Low, claims Daim

PETALING JAYA: Fugitive businessman Low Taek Jho, better known as Jho Low, managed to evade arrest due to tip-offs from moles in the Malaysian government, says Tun Daim Zainuddin.


Trading in Nestle shares to be suspended today

PETALING JAYA: Trading in Nestle (M) Bhd’s shares will be suspended today to make way for a material announcement by the food and beverage giant.


Cheah of Value Partners Group sets up office in Malaysia

KUALA LUMPUR: Datuk Seri Cheah Cheng Hye has opened his Malaysian office – Value Partners Asset Management Malaysia Sdn Bhd – after receiving the approval in principle from the Securities Commission for a Capital Market Services Licence for Fund Management.


Fed’s Bullard: Emerging markets prepared for US rate moves

SINGAPORE: Emerging markets were “as prepared as they can be” for changes to US monetary policy as the Federal Reserve had been as “transparent” as possible, St Louis Federal Reserve Bank president James Bullard said in Singapore.


Microsoft to invest in Southeast Asian ride-hailing firm Grab

SINGAPORE: Microsoft Corp is investing in Southeast Asian ride-hailing firm Grab as part of a partnership that the two companies said will allow them to collaborate on technology projects, including big data and artificial intelligence.