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Business

'Another tough year ahead for Thai tourism if martial law stays'

Thailand's tourism industry is expected to face another tough year if the government maintains martial law, the head of the Tourism Council of Thailand said yesterday

Business

Enter Kronologi Asia

We have barely seen the emergence of any new ACE Market listings this year, in keeping with the jaundiced perception of these companies of late.

Business

Asian rubber producers may curb exports to shore up prices

SINGAPORE/KUALA LUMPUR: Rubber producers in Asia are to meet next week to look at more measures to push up prices, which are not far above five-year lows, including restrictions on supply to global markets, a source who will be part of the meeting said.

Business

Japan slips into surprise recession, paves way for tax delay, snap poll

TOKYO: Japan's economy unexpectedly slipped into recession in the third quarter, setting the stage for Prime Minister Shinzo Abe to delay an unpopular sales tax hike and call a snap election just two years after he took office.

Business

SapKen sees tough times

KUALA LUMPUR: SapuraKencana Petroleum Bhd (SapKen), which saw its net profit tumble 61.7% to RM129.1mil in the fourth quarter ended Jan 31 against RM337.2mil previously, expects the oil and gas (O&G) industry to remain challenging.

Business

AIF mulls bond issue to fund its operations

KUALA LUMPUR: A financially self-sustaining ASEAN Infrastructure Fund (AIF) plans to issue bonds to raise additional funds for its operations, said Treasury secretary-general Tan Sri Dr Mohd Irwan Serigar Abdullah.

Business

Malaysian firms bet on overseas gaming market

Gaming in Malaysia is synonymous with the Genting group, but several Malaysian-liked companies have ventured into it outside the country with the latest being Luster Industries.

Business

Telenor picks Asian chief Brekke as new CEO

OSLO: Norwegian mobile phone group Telenor appointed Sigve Brekke, the head of its Asian operations, to take over as chief executive from August 17, when Jon Fredrik Baksaas retires after 13 years atop the firm, it said.

Business

Malaysian jungle graves add to Obama's trade pact headache in Congress

WASHINGTON: The discovery of scores of graves in people-smuggling camps in Malaysia is casting a shadow over President Barack Obama's signature trade deal as US lawmakers consider punishing trading partners that are soft on human trafficking.

Business

Winds of change at Daya

Daya Materials is optimistic despite the gloom in the oil and gas industry