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Business

Google, Facebook face Australian crackdown after sweeping probe

SYDNEY: Google and Facebook Inc. are facing a regulatory crackdown in Australia after an inquiry highlighted concerns about their market power and impact on the media industry, adding to a barrage of global action against the technology giants.

The Star Says

Malaysians urged to take the giant leap forward

AS the world celebrated the 50th anniversary of the Moon landing this past week, the historical achievement highlighted how technology has evolved and brought changes to our life over the years.

Business

Malaysia can exceed RM1 trillion total exports target

KUALA LUMPUR: Malaysia is capable of exceeding the RM1 trillion total exports target this year, boosted by strong collaboration between various government agencies and private sectors, said International Trade and Industry Minister Datuk Darell Leiking.

Business

Analysts say US may intervene to weaken greenback

NEW YORK: A growing chorus of Wall Street foreign-exchange analysts is writing about the risk that US President Donald Trump may move beyond words in his quest for a weaker US dollar.

Business

US shale's growth rate peaked last year, slower gains ahead

HOUSTON: The U.S. shale industry’s sizzling growth rate likely peaked last year, according to a survey of major forecasters, cooled by investors demanding financial returns over increased oil output.

Business

WCT in hotel tie-up with Hyatt

PETALING JAYA: Construction outfit WCT Holdings Bhd has partnered with Hyatt Hotels Corp to develop a 200-room hotel in Johor Baru that is set to open in 2022.

Business

Serba Dinamik eyes RM150mil to RM200mil sales from IT

SHAH ALAM: Engineering services provider Serba Dinamik Holdings Bhd is targeting to achieve sales of RM150mil to RM200mil for its information technology (IT) segment this year.

SMEBiz

Made for work and leisure

Apparel-maker to build brand presence in the market

Business

WCT property outlook seen challenging

PETALING JAYA: WCT Holdings Bhd’s property sales are set to remain challenging this year as the market remains soft with a lack of new launches, analysts said.

Business

Hyundai plans US$40b spending as car industry transforms

SINGAPORE: Hyundai Motor Co. joined automakers pledging massive spending in the years ahead to address the industry’s transformation and fend off new competition from the likes of Tesla Inc.