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LAST month I raised the analogy of national stability as a three-legged stool – the economic, political and social. Those who are focused on the economics – mostly businessmen and economists – concentrate on raising GDP numbers. But politics is all about trade-offs between different demands from different quarters. Politics involves the power to tackle social demands on imbalances, inequalities and on how the country should be run.
NEW YORK: Warren Buffett's Berkshire Hathaway Inc on Friday said second-quarter profit soared 41 percent to a record high, reflecting substantial investment gains and improved results in manufacturing, service and retail businesses.
PROPERTY tycoon and businessman Tan Sri Lee Kim Yew of Country Heights Holdings Bhd who is making a comeback is seeking to sell his plantation assets, which includes the oil palm estates previously under the Country Heights Growers Scheme (CHGS), for an estimated RM400mil, say sources.
NEW YORK: Warren Buffett's Berkshire Hathaway Inc struck a deal to buy a Phillips 66 business that makes chemicals to improve the flow potential of pipelines for around $1.4 billion of stock.
COMMERCE CITY, Colo: Highlighting a pledge to crack down on the multibillion-dollar illicit global trade in wildlife, U.S. authorities on Thursday pulverized 6 tons of seized ivory from thousands of elephants slaughtered by poachers for their prized tusks.
PowerFence (Malaysia) Sdn Bhd, the local partner of New Zealand-based Gallagher Security Management System, is diversifying into a new segment by providing electric fence products for agricultural applications.
When US Federal Reserve chairman Ben Bernanke spoke of tapering the quantitative easing (QE) programme last month, markets had reacted negatively with investors moving back to US Treasuries on expectations of yields rising again.