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Corporate News 20 Jun 2016 | 12:16 PM

Destini’s unit secures first rail manufacturing contract

KUALA LUMPUR: Destini Bhd’s (Destini) wholly-owned subsidiary, System Enhancement Resources & Technologies Sdn Bhd, has secured its first rail manufacturing contract valued at RM62mil from the Transport Ministry.

Corporate News 17 Jun 2016 | 7:16 AM

Mitsubishi plans US$600m compensation for four models over mileage cheat

TOKYO: Mitsubishi Motors Corp is planning to pay compensation of around US$600 million to compensate owners of four minivehicles models where it overstated mileage readings, with each owner receiving 100,000 yen (US$960), the Nikkei newspaper said on Friday.

Economy 10 Jun 2016 | 3:46 PM

Gateways at three ports to turn M’sia into a cruise hub

PORT KLANG: The setting up of three ports as tourism gateways is set to attract more cruise ship visits and turn the country into a cruise hub, Transport Ministry Secretary-General Datuk Seri Saripuddin Kasim said.

Business 02 Jun 2016 | 2:48 PM

Saudi's US$3.5bil investment in Uber signals new strategies

DUBAI/RIYADH: Saudi Arabia has signalled it is adopting new strategies to invest its petrodollars - more aggressive, more high-profile and more closely linked to its economic development plans - with the US$3.5bil (RM14.5bil) purchase of a stake in US ride-hailing firm Uber.

Corporate News 18 May 2016 | 8:53 AM

Suzuki denies cheating on fuel, emissions testing

TOKYO: Suzuki on Wednesday admitted it found “discrepancies” in its fuel-economy and emissions testing, but denied that it manipulated data to make cars seem more efficient than they were.

Corporate News 05 May 2016 | 5:17 PM

Bursa highlights for Thurs, May 5

Among companies that made notable announcements to Bursa Malaysia on Thursday were DRB-Hicom, Fajarbaru Builder, Gabungan AQRS, Lion Corp, MWE Holdings, Tenaga Nasional and Versatile Creative.

Corporate News 05 May 2016 | 3:40 PM

Fajarbaru Builder secures RM259.7mil contract

KUALA LUMPUR: Fajarbaru Builder Group Bhd’s unit, Fajarbaru Builder Sdn Bhd, has secured a RM259.7mil contract from the Transport Ministry for the rehabilitation of railway track formation.

Corporate News 22 Apr 2016 | 5:21 AM

Mitsubishi Motors mileage scandal widens

TOKYO: Mitsubishi Motors Corp's fuel economy scandal broadened on Friday as US auto safety authorities said they were seeking information and after reports that the automaker submitted misleading data on at least one more model than disclosed and likely several more.

Corporate News 14 Apr 2016 | 9:37 AM

Seven Malaysian airlines join forces to form association

KUALA LUMPUR: Seven Malaysian air carriers have joined forces to form the Association of Malaysian Air Carriers (AMAC), which will provide a common platform to discuss issues affecting the industry.

Business 26 Jan 2016 | 12:00 AM

Takata to meet major carmakers

TOKYO: Takata Corp, the air-bag supplier behind the biggest US consumer safety recall, plans to detail its business outlook to major customers at a meeting this week so as to gauge how receptive they will be to extending financial aid, according to a person familiar with the supplier wants to gauge response to financial aid plan