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Business

Lawmakers press for answers on $35B Air Force deal

WASHINGTON (AP) - Lawmakers on Thursday demanded a detailed explanation of what went wrong with the Air Force's management of a $35 billion tanker contract awarded to Northrop Grumman Corp. and its European partner over Boeing Co.

Business

Zetro to offer MRO services abroad

Zetro Aerospace Corp Sdn Bhd is preparing to offer its maintenance, repair and overhaul (MRO) business abroad. Managing director Datuk Mohd Zamri Muda told I>StarBiz/Ithe company was looking at the Asean market for a start.

Business

China expands land in disputed South China Sea area

BEIJING: China has "reasonably" expanded its islands in the disputed South China Sea and this year construction projects there including radar facilities covered about 290,000 square meters (72 acres), according to a new government report.

Business

THHE, Destini bag RM739mil deal to supply offshore vessels to MMEA

KUALA LUMPUR: THHE Destini Sdn Bhd, a 51:49 joint venture (JV) between Destini Bhd and TH Heavy Engineering Bhd (THHE), has clinched a RM738.9mil contract to supply three offshore patrol vessels for the Malaysian Maritime Enforcement Agency (MMEA).

Business

Denmark preparing to stake claim to North Pole

COPENHAGEN, Denmark: Denmark plans to lay claim to the North Pole and other areas in the Arctic, where melting ice is uncovering new shipping routes, fishing grounds and drilling opportunities for oil and gas, a leaked government document showed Tuesday.

Business

IBM unveils 'brain-like' chip that can interpret complex data

WASHINGTON: International Business Machines Corp unveiled a "brain-like" computer chip on Thursday that is the size of a postage stamp and capable of processing massive amounts of data while handling inputs from many different sources, the company said.

Business

Hubline venturing into O&G air transportation

KUCHING: Hubline Bhd’s newly acquired aviation company Layang Layang Aerospace Sdn Bhd will buy eight more aircraft and venture into the air transportation service for the oil and gas (O&G) industry.

Business

Sarawak Cable plans to sell helicopters to cut losses

KUCHING: Sarawak Cable Bhd is to scale down its loss-making aviation business with the disposal of several helicopters.

Business

Hubline plans to buy majority stake in aircraft firm for RM14.2mil

KUCHING: Shipping firm Hubline Bhd has proposed to acquire a majority stake in an aircraft company for about RM14.2mil.

Business

Kind Malaysia a CSR matching platform for PLCs

KUALA LUMPUR: Bursa Malaysia has made it mandatory for listed companies to report on a corporate social responsibility (CSR) programme starting next year, said International Trade and Industry Ministry secretary-general Datuk Isham Ishak.