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With new sheriff in town, South Korea big businesses duck for cover

SEOUL (Reuters) - A South Korean retail giant has shelved controversial expansion plans, while a large bank made hundreds of contract jobs permanent after President Moon Jae-in took office vowing to reform the family-run conglomerates that dominate the economy.


Alibaba’s data cloud to help SMEs

BEIJING: Malaysia has been chosen as Alibaba Cloud’s South-East Asian data centre under Jack Ma’s plan to help the country develop its digital economy, said Prime Minister Datuk Seri Najib Tun Razak.


South Korean business groups say will work with new president on job creation

SEOUL (Reuters) - Business groups representing South Korea's largest companies said on Wednesday they will work with new President Moon Jae-in in creating jobs and boosting investment, and fix their "past wrongdoings."


Blueprint to boost productivity

PUTRAJAYA: To become an advanced nation by 2020, Malaysia must record a labour productivity growth of 3.7% annually, among other conditions. But it has been registering a mere 1.8% between 2011 and 2015.


GSC celebrates 30th anniversary in grand style

Kuala Lumpur: Golden Screen Cinemas (GSC), the leading film exhibitor and distributor in Malaysia, celebrated its 30th anniversary with a lavish party last night attended by GSC management, staff, and its local and international partners.


Police open fire after driver strikes patrol car near U.S. Capitol

WASHINGTON (Reuters) - A woman was arrested near the U.S. Capitol in Washington after police said she drove erratically, crashed into another vehicle and tried to run over officers on Wednesday.


Chaebol reform at forefront of South Korea presidential campaign - again

SEOUL (Reuters) - South Korea’s family-run conglomerates are facing calls for a shakeup in their governance from a leading candidate in May's presidential election, following the ouster of former President Park Geun-hye in a burgeoning influence-peddling scandal. The conglomerates known as chaebol have come under the reform buzz saw before, only to emerge bigger and stronger than ever. The country’s four biggest chaebol groups account for around half the stock market's value, according to the Korea Stock Exchange.


How Trump's abrupt immigration ban sowed confusion at airports, agencies

NEW YORK (Reuters) - After immigration agents detained two Iraqis on Saturday at New York's John F. Kennedy International Airport, their lawyers and two U.S. lawmakers accompanying them tried to cross into a secure area to consult with the men.


Racing for a cause

OVER 1,000 students recently got together to run for 24-hours non-stop in a bid to eradicate slavery.


South Korea's powerful business lobby group dealt big blow by Park scandal

SEOUL (Reuters) - Long the voice of the conglomerates that form the engine of South Korea's economy, the Federation of Korean Industries could become another casualty of the scandal that is poised to cost President Park Geun-hye her job, as key members flee.