May unemployment rose 5.3% to 826,100 persons

KUALA LUMPUR: Malaysia’s unemployment rate increased further to 5.3% in May to record 826,1000 unemployed persons, the Department of Statistics Malaysia (DOSM) reported on Tuesday.

Insight - Wall Street forges a new relationship to data in Coronavirus age

ALTERNATIVE data has been a buzzword on Wall Street for years. Never has demand been greater than during the coronavirus era

Accelerating digital transformation

ONE of the jokes that made the rounds back in March was a multiple-choice question asking, who’s the leading force in workplace digital transformation? The punchline was that it was neither the CEO or the CTO, but a third ‘C’ – Covid-19.

Samsung Electronics says second quarter profit likely jumped 23pct

SEOUL: Samsung Electronics Co Ltd said on Tuesday second-quarter operating profit likely rose 23%, beating analysts' estimates as solid chip sales to data centres bulking up in a work-from-home economy during the coronavirus pandemic offset weak demand for smartphones and TVs

Fujitsu to cut office space by 50%

TOKYO: While much of Japan continues to debate the pros and cons of remote working, one of the country’s largest employers has made up its mind – and it could be a bad sign for the office sector.

Insight - Do we still need an office?

One can work from any location so long the individual can have access to cell phone signal. Young people entering the work force are not using office space the way their seniors did.

Samsung's second-quarter chip sales unlikely made up for smartphone weakness

SEOUL: At Samsung Electronics Co Ltd, demand for its chips from data centres bulking up to meet a surge in work-from-home traffic was not likely enough to offset muted sales of its smartphones in the second quarter, analysts said.

Online shopping to boost Spring Art’s revenue

KUALA LUMPUR: Spring Art Holdings Bhd expects the surge in online shopping for products including ready-to-assemble (RTA) furniture to boost its financial performance and it expects this global trend to continue.

Singtel opts for Ericsson, StarHub for Nokia in Singapore 5G

Huawei loses main Singapore 5G networks to Ericsson, Nokia

SINGAPORE's biggest telecom operators chose Ericsson AB and Nokia Oyj as their main 5G network providers, leaving China’s Huawei Technologies Co. with less significant contracts in the city state.