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Business

Surviving China’s work culture

Arhtur Yeoh is a Malaysian certified public accountant, working as a finance manager in China. Yeoh finds his job challenging - bureaucracy and temptations in a land of opportunity are issues he encounters. Inthe second of a four-part series on Malaysians working in Shanghai, he shares his working experience with i>StarBiz/i>.

Business

Managing Islamic banking risks getting tough

The management of risks in Islamic banking is becoming more challenging today because of its peculiar risk characteristics and the requirement for compliance with syariah principles.

Business

Islamic bank system remains sound

SETBACKS such as the recent losses incurred by Bank Islam Malaysia Bhd will not affect the Islamic banking sector, as Malaysia's Islamic banking system is still very sound, said Dr Mohd Ishak Ismail, the chief executive of Malaysian Institute of Corporate Governance (MICG).

Business

US$3b turnaround plan needed for Delta airline's survival

NEW YORK: Delta Air Lines Inc., which lost $2.6 billion (euro2.22 billion) in the first nine months of this year, needs the $3 billion (euro2.56 billion) in annual cost savings from its reorganisation plan to survive, chief financial officer Edward Bastian told a bankruptcy court.

Business

SC guidelines on Islamic REITs out

THE Securities Commission (SC) yesterday issued guidelines for Islamic real estate investment trusts (REITs) to facilitate further development of new Islamic capital market products.

Business

Cross-border deals can boost Islamic capital market

CROSS-BORDER transactions are among the many innovative financial instruments that can help speed up the development of Malaysia#146;s Islamic capital market, argue several practitioners.

Business

QSR stalemate

THE battle for control of QSR Brands Bhd continues as Kulim (M) Bhd's votes at an EGM held on Sept 20 were disregarded and the nine directors, who were thought to have been ousted last month, will remain on the board of QSR. The Sept 20 EGM had been adjourned and it was reconvened yesterday.

Business

China Aviation parent penalised

Singapore's central bank has slapped an S$8mil (US$4.8mil) civil penalty on Beijing's China Aviation Oil Holding Company (CAOHC) for selling shares in its Singapore unit a month before its November collapse.

Business

A tiny sensor has caused big headaches for the aircraft manufacturing industry

A tiny sensor has caused big headaches for the aircraft manufacturing industry because of State Department concerns about foreign sales of the part.

Business

New forex rules to spur investments

THE liberalisation of the Foreign Exchange Administration rules, announced March 23, literally made headlines in the Malaysian press. However, it is not just for Malaysians and the domestic market that the relaxation is significant but also on the international front.