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Business 27 Sep 2014 | 12:00 AM

Why Basel III will not prevent the next crisis

THIS week I was in Tianjin attending the 18th International Conference of Banking Supervisors, the annual gathering of the world’s top bank regulators to review the progress of implementation of Basel III, the new rules that were established in the aftermath of the Global Financial Crisis of 2007/2009.

Business 31 Jul 2014 | 8:41 AM

Report: Malaysian Formula E race postponed at PM's request

LONDON: The Malaysian round of the new electric Formula E series has been postponed because the country's Prime Minister is unable to attend on the date originally scheduled, organisers said.

Business 30 Jul 2014 | 7:58 AM

Malaysia tries to parlay appeal to Muslim visitors into medical tourism push

KUALA LUMPUR: Muslim tourists have long chosen Malaysia, its beaches and its malls as a holiday destination thanks to cultural affinity.

Business 04 Jul 2014 | 9:20 AM

Tennessee man wins US$153.5mil in state's largest lottery jackpot

A self-employed Tennessee man on Thursday claimed a cool $153.5 million cash prize after winning the largest Powerball prize in state history.

Business 03 Jul 2014 | 8:37 AM

US SEC official dissented on BNP Paribas waiver

WASHINGTON: An official at the U.S. Securities and Exchange Commission broke ranks with other commissioners and voted against granting BNP Paribas a waiver to continue operating several investment advisory units in the United States.

Business 19 Jun 2014 | 12:00 AM

Failed bitcoin exchange gets US bankruptcy protection

Tokyo: The failed Tokyo-based bitcoin exchange, Mt Gox, has received court approval to begin Chapter 15 bankruptcy proceedings in the United States as it awaits approval of a settlement with US customers and a sale of its business.

Business 21 May 2014 | 12:00 AM

Seiko renews partnership with Lee-hom

SEIKO has appointed Asian super popstar Wang Lee-hom for the fourth consecutive time as the spokesman for Seiko watches in China, Hong Kong, Taiwan, Japan, South Korea, Singapore, Malaysia and Thailand.

Business 20 May 2014 | 12:00 AM

AT&T buys DirecTV for US$50bil

NEW YORK: US telecommunications giant AT&T has clinched a deal to acquire broadcast satellite service provider DirecTV for nearly US$50bil, the latest in a string of pay-TV consolidation moves.

Business 03 May 2014 | 12:00 AM

Muslim hipsters in focus

THE marketing world is preparing for Brand Islam, with the Muslim population now estimated at a quarter of the global census and expected to rise to a third of the world population by 2030.

Business 26 Mar 2014 | 12:00 AM

Glittery debut Indian jeweller to open first showroom in Malaysia

India-based jewellery retailer Joyalukkas will make its debut in Malaysia this Saturday with what it says will be the largest jewellery showroom in the country.