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Corporate News

BToto’s lottery equipment subsidiary fights to regain exclusive right

KUALA LUMPUR: Berjaya Philippines Inc (BPI) is seeking three additional years of exclusive right to supply or lease lottery equipment to the state-owned Philippine Charity Sweepstakes Office (PCSO) in the Luzon territory. This is as compensation for an alleged breach of contract.

Business

Gunning for hearts and minds

ARTICLE 2 of the US Constitution provides every citizen “the right to bear arms.” Most Americans think it’s there to ensure that no one ignores the other Articles.

Business

The conglomerate that troubles China

FOR one of China’s most powerful investors, Guan Jun is surprisingly difficult to track down.

Business

Breakfast briefing: Tuesday, July 11 (Update)

Breakfast briefing: Tuesday, July 11

Business

Billionaire Buffett donates US$3.17bil to Gates charity, four others

NEW YORK: Warren Buffett on Monday donated roughly US$3.17 billion of Berkshire Hathaway Inc stock to the Bill & Melinda Gates Foundation and four family charities, his largest contribution in a more than decade-long plan to give away his fortune.

Business

BToto earnings down on higher prize payouts, expenses

PETALING JAYA: Berjaya Sports Toto Bhd (BToto) has reported a decline in its earnings for the financial year ended April 30, 2017 (FY17) after its unit Sports Toto Malaysia Sdn Bhd incurred bigger prize payouts and higher operating expenses.

Business

Lower FY17 earnings for Berjaya Sports Toto

KUALA LUMPUR: Berjaya Sports Toto Bhd (BToto) reported a 21.8% decline in its earnings for the financial year ended April 30, 2017 after its unit Sports Toto Malaysia Sdn Bhd incured higher prize payout and higher operating expenses.

Business

Amazon's billionaire Bezos asks Twitter followers how to donate his money

NEW YORK: Amazon.com Inc's billionaire founder Jeff Bezos on Thursday turned to an unusual source of inspiration for how to donate part of his wealth: Twitter.

Corporate News

BToto’s unit to issue up to RM800mil in medium-term notes

KUALA LUMPUR: Berjaya Sports Toto Bhd’s (BToto) principal subsidiary Sports Toto Malaysia Sdn Bhd is setting up a medium-term notes (MTN) programme of up to RM800mil in nominal value.

Business

Billionaire Warren Buffett charity lunch sells for US$2.68mil

NEW YORK: An anonymous fan of Warren Buffett agreed to pay $2,679,001 at an online charity auction to have lunch with the billionaire chairman of Berkshire Hathaway Inc.