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Corporate News

Agribusiness is the problem, not the solution

KUALA LUMPUR: For two centuries, all too many discussions about hunger and resource scarcity has been haunted by the ghost of Parson Thomas Malthus. Malthus warned that rising populations would exhaust resources, especially those needed for food production. Exponential population growth would outstrip food output.

Stock on the Move

Quick take: Karex dips on negative news flow

KUALA LUMPUR: Karex Bhd opened lower in the red on Friday following media report that the company provided poor living conditions for its foreign workers.

Analyst Reports

Inhumane conditions for Karex workers exaggerated, says CIMB Research

KUALA LUMPUR: News reports in the UK about condom manufacturer Karex providing inhumane living conditions for its workers have been exaggerated, says CIMB Equities Research.

Corporate News

EPF to align monthly contribution with new minimum wage order

KUALA LUMPUR: Beginning Jan 1, 2019, the minimum contribution of employees and employers to the Employees Provident Fund (EPF) will be aligned with the Minimum Wages Order (Amendment) 2018 of RM1,100 for both Peninsular Malaysia, and Sabah and Sarawak.

Corporate News

China private education firms tumble as Beijing tightens grip

SHANGHAI/HONG KONG: Chinese private education stocks sank on Friday after Beijing moved to tighten the reins on the early education sector, citing child safety issues that have hit some firms over the last year and saying that others were making too much profit.

Business Premium

Top palm oil producers raise concerns over pertinent issues

TWO of Malaysia’s top planters have raised concerns over Malaysia’s long-standing oil palm-related issues such as stagnating yields, skilled worker woes and low interest in value-added downstream activities, as well as the urgent need to address the negative perception on palm oil in the world markets.

Business

Australian jobless rate eases to six-year low, wages still lag

SYDNEY: Australia’s jobless rate dipped to the lowest level in six years in July and full-time jobs jumped, a solid result that supported hopes for an eventual revival in long-lagging wages growth.

Economy Premium

American job openings now outnumber the jobless

US job openings rose to 6.7 million at the end of April, compared with the 6.3 million Americans who were unemployed

SMEBiz

Local SMEs producing more green products

WITH the business environment getting tough, due mainly to shortage of skilled workers and the slow down in some industries, some local SMEs are turning to producing environmentally-friendly products to stay competitive in the market.

Auto

Wages too high in Europe’s Eastern workshop

WHEN the Baumruk brothers started making simple machinery parts in their garage after the communist regime collapsed in Czechoslova-kia, they could rely on one crucial ingredient: cheap labour. Their employees were willing to do manual work for a fraction of the salaries Germans were making across the border.