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Samsung posts 19.6% fall in Q2 net profit
SEOUL: Samsung’s net profit plunged almost 20% in the second quarter as competition from cheap Chinese phones and the strong South Korean won saw sales slump in its key mobile business.
Samsung Electronics faces falling profits as succession looms
SEOUL: Smartphone leader Samsung Electronics Co Ltd faces a third straight quarter of profit decline that could become a fourth as cheaper models grab a bigger share of a slowing market and Apple Inc readies the launch of its iPhone 6.
Russian firm MegaFon shifts cash to HK dollars
Moscow: OAO MegaFon, Russian billionaire Alisher Usmanov’s wireless operator, has been shifting its cash holdings into Hong Kong dollars as the United States and Europe ratchet up sanctions against the country.
Intelligent cars draw investors flock to tech stocks
PARIS: Technology and telecoms firms could be the big winners in a connected car market that may be worth US$50bil over the next decade, luring investors away from traditional automakers.
MDV to promote more tech companies under 11th Malaysia Plan
KUALA LUMPUR: Malaysia Debt Venture Bhd (MDV) has submitted a strategic paper to the Government in its quest to promote more technology companies in the 11th Malaysia Plan (11MP).
Malaysia's biotech sector exceeds investment target of RM9bil
PUCHONG: The local biotechnology industry, facilitated by Malaysian Biotechnology Corp Sdn Bhd (BiotechCorp), has accrued a total investment of RM12bil since 2011, surpassing the Government’s five-year target under the National Biotechnology Policy (NBP).
Three firms team up for US$813mil deal
BEIJING: China’s privately-held Dalian Wanda Group is set to launch a 5 billion yuan (US$813mil) e-commerce joint venture with domestic internet giants Tencent Holdings Ltd and Baidu Inc, according to two sources familiar with the investment.
Let’s get the language right this time
PROFICIENCY in the English language in Malaysia has fallen to abysmal levels in the past two decades. That is a fact that we have to live with, and employers have to cope with, for years to come.
The MaGIC of business
All eyes are on the Malaysian Global Innovation and Creativity Centre (MaGIC).
You’ve got that loving feeling
In conjunction with Chap Goh Mei, we take a look at the phenomenon of love, of which the physiological responses are in fact very similar to reactions like the ‘fight or flight’ response when faced with danger.
