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MISC Bhd, a shipping group owned 63% by national oil producer Petronas, has seen its bottom line declining year-on-year for four consecutive quarters.
EDENVILLE, South Africa (Reuters) - Earlier this year, Nick Serfontein wrote an open letter to South African President Cyril Ramaphosa asking him to take the views of white farmers on board as the government considers expropriating land without compensation to reduce rural poverty.
IBM’s purchase of Red Hat Inc is a US$33bil (RM137.90bil) bid aimed at catapulting the company into the ranks of the top cloud software competitors.
FRANKFURT: Porsche AG’s chief financial officer said a share sale of Volkswagen AG’s most profitable unit could unlock value to echo Ferrari NV’s successful public offering and help the sports-car maker raise money if needed.
The disruption in the media industry has taken the sector by storm. Leading pay-TV operator Astro saw its second quarter profit sink by 93% due to higher content costs. A couple of mainstream media players are in financial distress. Star Media Group has embarked on a transformation journey to stay lean and profitable. The group’s chief operating officer Roy Tan and chief content officer Esther Ng reveal how this will be done.
JOHANNESBURG: Naspers Ltd is planning to list its pay-TV unit in Johannesburg, spinning off a business it developed over three decades as Africa’s most valuable company focuses on its fast-growing Internet investments.
KUALA LUMPUR: FGV Holdings Bhd's high-powered task force to turn around the loss-making plantation giant, announced on Tuesday there were serious issues at multiple levels of the organisation.