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Business

Tune Plato acquires 50% stake in SubHome

KUALA LUMPUR: Tune Plato Ventures Sdn Bhd, a joint venture between Tune and ECM Libra, has acquired a 50% stake in Malaysian home-sharing platform SubHome Management Sdn Bhd.

Business

For these billionaires, it’s all about cruise fleets

NEW YORK: It was a cold and cloudy July day in Reykjavik, and French arts patron Maryvonne Pinault was at a pier fulfilling her godmother duties for Le Laperouse, the first of six 184-passenger, upscale expedition yachts from her husband’s Marseilles-based cruise line Compagnie du Ponant.

Business

Pros and cons in rent-to-own schemes

RENT-TO-OWN (RTO) schemes and their various permutations offered by developers are a step in the right direction but there are several criteria if such schemes are to be a viable solution to home ownership, an academician said.

SMEBiz

Domestic attractions focus of MATTA carnival in Selangor

HOLIDAY-GOERS can look forward to a variety of vacation deals and value-for-money travel packages at the upcoming Malaysian Asso-ciation of Tour and Travel Agents (MATTA) Fair-Selangor Carnival (MFSC) 2018.

Business

Financial horror ahead over confusion around US-China trade tensions

KUALA LUMPUR: Uncertainty and confusion around trade war are slowly but surely leading the markets down the road to financial horror, says Stephen Innes, head of trading for Asia Pacific at OANDA.

Business

AirAsia X increases frequency to Honolulu

KUALA LUMPUR: AirAsia X is set to increase its frequency from four to seven flights a week to Honolulu, Hawaii, from Kuala Lumpur via Osaka, Japan, beginning Aug 16, 2018 on the back of robust demand from Southeast Asia, with the airline’s latest promotion starting from only RM700 one-way inclusive of taxes.

Business

UK inflation rate at 13-month low adds to BoE’s policy puzzle

LONDON: UK inflation slowed to a 13-month low in April, approaching the Bank of England’s (BoE) 2% target faster than economists had anticipated.

Business

Wall Street's 'Sell in May' could be fading away

NEW YORK: "Sell in May and go away," arguably the most well-worn axiom on Wall Street, has proven to be shrewd advice during previous midterm election years.

Business

Saudi Arabia launches multi-billion dollar resort

QIDDIYA (SAUDI ARABIA): Saudi King Salman and Crown Prince Mohammed bin Salman attended the groundbreaking ceremony on Saturday of a vast entertainment resort that is at the heart of an ambitious strategy to open the economy and ease social restrictions.

Business

Tesla idling Model 3 shows Musk unable to make on-the-fly fixes

SAN FRANCISCO: Tesla Inc. is temporarily suspending production of the Model 3 sedan for at least the second time in roughly two months, just after Elon Musk admitted to mistakes that hindered his most important car.