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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.
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.
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.
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.
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.
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.
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 matter.ir-bag supplier wants to gauge response to financial aid plan