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Business 05 Oct 2005 | 12:00 AM Premium

MasterCard sees 17% rise in spending at mega sale

Mastercard International recorded a 17% increase, or US$478mil, in spending by MasterCard cardholders during the six-week Malaysia Mega Sale Carnival (MMSC) 2005 from July to September, said vice-president and senior country manager (Malaysia and Brunei) Jim Cheah.

Business 06 Jan 2006 | 12:00 AM Premium

Bali business owners worried as Western tourists stay away

BALI, Indonesia: Four giant jetliners of Bali's now-bankrupt Paradise Air, which used to carry hundreds of passengers a day to the resort island, sit abandoned at one end of the international airport.

Business 05 Apr 2006 | 12:00 AM Premium

Oil prices touch 2-month high

Crude oil prices touched a two-month high of US$67.90 a barrel before settling at US$66.74 in New York on Monday, on increasing concerns that Iran could cut its oil exports after the United Nations Security Council told the Middle-East nation to halt uranium enriching plans.

Business 15 Jul 2006 | 12:00 AM Premium

Asian stocks take a dive

Stocks across Asia tumbled yesterday as escalating violence in the Middle East drove up crude oil prices to a record high and raised fresh concerns about the impact of higher energy costs on the global economy.

Business 18 Jul 2006 | 12:00 AM Premium

Ongoing conflict in M-East pushes oil prices higher

With the fighting between Israel and the Hezbollah in Lebanon showing no signs of alleviating, oil continued to trade higher in Asia yesterday, with traders worried the violence could spread elsewhere in the Middle East.

Business 07 Aug 2006 | 12:00 AM Premium

Reliance set for stronger growth

WITH continued growth expected for the global travel and tourism industry, the sky's the limit for integrated travel group Reliance Pacific Bhd (RPB).

Business 13 May 2007 | 12:00 AM Premium

New Pakistani deep sea port a boon for Chinese trade

GWADAR, Pakistan (AP) - By the azure waters of the Arabian Sea, a remote Pakistani fishing town is being transformed into a massive deep sea port to cash in on the inexorable rise of the Chinese economy.

Business 21 Jul 2008 | 12:00 AM Premium

Signforce takes crises in its stride

IT was a labour of love. That was how Jude Allen described his hotel management and technical consultancy company, Signforce Sdn Bhd.

Business 16 Sep 2008 | 12:00 AM Premium

Oil plunges below US$92 in Asia on US credit fears

Oil prices plummeted Tuesday in Asia, falling below US$92 a barrel as investors feared the U.S. credit crisis that brought down brokerage giant Lehman Brothers will drag on global economic growth and restrain demand for crude.