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Corporate News 12 May 2016 | 7:31 AM

Toshiba sees return to profit after US$6.6b operating loss

TOKYO: Japan's Toshiba Corp said it expects to post an operating profit this financial year after a US$6.6 billion loss last year on large writedowns and restructuring costs in the wake of a damaging accounting scandal.

Business 15 Mar 2016 | 8:03 AM

Top foreign and local stories at 4pm

Top foreign and local stories at 4pm

Corporate News 15 Mar 2016 | 5:04 AM

Toshiba in talks to sell white goods business to Midea Group

Bengaluru: Japanese industrial conglomerate Toshiba Corp said it is in late-stage talks to sell its white goods business to Chinese household appliance giant Midea Group Co Ltd, Nikkei reported on Monday.

TECH 15 Mar 2016 | 4:09 AM

Toshiba in talks to sell its white goods business to Midea Group

Japanese industrial conglomerate Toshiba Corp said it is in late-stage talks to sell its white goods business to Chinese household appliance giant Midea Group Co Ltd.

Business 20 Oct 2015 | 6:12 PM

Milux’s project management venture to be paid 2% of development cost

KUALA LUMPUR: Milux Corp Bhd, which last week announced a diversification into project management consultancy, said the 60% owned joint venture will receive fees amounting to 2% of the estimated gross development cost of the Pentagon Genting Highlands project over five years.

Business 16 Oct 2015 | 6:34 PM

Milux ventures into project management consultancy

KUALA LUMPUR: Milux Corp Bhd, which last year scrapped its plan to diversify into mining, has identified a new opportunity for additional income: project management consultancy business.

Short Position 01 Aug 2015 | 12:00 AM

Bleak oil price

ROYAL Dutch Shell, which reported a 37% drop in its second-quarter profits, has said that it is cutting 6,500 jobs as it prepares for a “prolonged downturn” in crude prices.

Focus 25 May 2015 | 12:00 AM

Hangzhou showcases China’s new economy

It used to be that MNCs and state-owned firms were employers of choice, but a booming high-tech sector led by Alibaba is changing the country’s economy and work culture.

TECH 19 May 2015 | 7:00 AM

Pop-up restaurant in London to serve 3D printed foods

To highlight the potential of the emerging technology in the food world, organisers of the 3D Printshow in London have tapped a Michelin-starred chef to create a meal composed entirely of 3D printed foods.

Business 06 Feb 2015 | 9:16 PM

Siemens CEO draws restructuring to a close with 7,800 job cuts

MUNICH/FRANKFURT: Siemens Chief Executive Joe Kaeser applied the finishing touches to his overhaul of the German industrial group with the announcement on Friday of 7,800 job cuts designed to streamline management and speed decision-making.