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Business

Wal-Mart workers tell Street about hard work, low pay

NEW YORK/CHICAGO: Wal-Mart Stores Inc employees who say the world's largest retailer's labor practices are unfair voiced their concerns to Wall Street analysts on Monday, claiming that problems like long lines and empty shelves are systemic.

Business

Standard Chartered investigation sparks scrutiny on offshoring ops

MUMBAI: Offshoring of back-office work to India, a trend among banks and accounting firms, came under new scrutiny with allegations that Standard Chartered Plc (StanChart) moved compliance oversight work dealing with Iranian banking transactions to India to avoid US regulators.

Business

Standard Chartered questions NY action which wiped off US$17bil of it's value(Update)

NEW YORK/LONDON: A New York bank regulator's broadside against Standard Chartered Plc over transactions tied to Iran left investors and the bank questioning the action, which on Tuesday wiped US$17 billion off the bank's value.

Business

Robots lift China's factories to new heights

BAODING, China: The giant orange robotic arms that swiftly weld together car frames at the Great Wall Motors factory in Baoding might seem like the perfect answer to China's fast-rising labour costs - they don't ask for a raise, get injured or go on strike.

Business

U.S. likely added over 200,000 jobs in March for 4th month

WASHINGTON (Reuters) - U.S. payrolls likely rose by more than 200,000 for the fourth straight month in March, suggesting the economy is steadily healing and needs no extra monetary policy support from the Federal Reserve for now.

Business

Challenges confronting the manufacturing sector

THE low-wage model that worked so well for Malaysia’s manufacturing sector in the 1980s, making this country a haven for the electrical and electronic (E&E) companies, ran its course a decade ago.

Business

The right to fair pay

Minimum wage is a controversial policy, but the call for it is to reflect a basic sum that could help low-income earners meet their basic needs.

Business

Prices of some common medicines to go down

NEW YORK: The cost of prescription medicines used by millions of people all over the world every day is about to plummet.

Business

Pressing palm oil issues

PENANG: Labour shortage, low wage structure, the Roundtable on Sustainable Palm Oil (RSPO) certification, stagnating yield, high taxes and levies as well as Malaysia losing its competitiveness in the palm-based downstream activities to Indonesia, hogged the limelight at the Incorporated of Society of Planters National Seminar 2011 (ISP NATSEM 2011) yesterday.

Business

Housing for average income earner

REAL estate industry players are asking the authorities to step in to control the spike in housing. International Real Estate Federation (Fiabci) Malaysia president Yeow Thit Sang says it is time the authorities look into the matter.