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Corporate News 27 Jan 2017 | 7:40 AM

Facing huge writedown, Toshiba decides to sell part of memory chip business

TOKYO: Toshiba Corp's board on Friday approved plans to make its core memory chip business a separate company and seek outside investment in it, aiming to avoid being crippled by an upcoming multi-billion dollar writedown for its US nuclear business.

Construction 27 Jan 2017 | 7:02 AM

Foreign workers in Japan hit 1 million for the first time

TOKYO: The number of foreign workers in Japan surpassed 1 million for the first time last year, as the labour-strapped country struggles to find enough Japanese workers.

Corporate News 27 Jan 2017 | 6:52 AM

Stock research moves past PDFs as customers demand more for their money

NEW YORK: With investment firms cutting costs and portfolio managers combating a barrage of information, financial research shops around the globe are looking for new ways to keep their product relevant.

Corporate News 27 Jan 2017 | 6:51 AM

Mohanachandran new group CEO of MK Land

KUALA LUMPUR: EMKAY Group's former chief operating officer K. Mohanachandran a/l K.R. Kunjan has has been appointed the new group chief executive officer (CEO) of MK Land Holdings Bhd.

Business 27 Jan 2017 | 5:29 AM

MBM Resources group MD resigns

KUALA LUMPUR: MBM Resources Bhd's group managing director Looi Kok Loon is resigning from his post to pursue other business and personal interests.

Property 27 Jan 2017 | 12:00 AM

Smallest profit for Singapore’s Keppel in a decade

SINGAPORE: Singapore’s Keppel Corp Ltd posted its smallest annual profit in a decade, dented by a lack of orders at its key rig-building business and provisions for impairments, and cautioned that oversupply would continue to drag on the offshore business.

Business 27 Jan 2017 | 12:00 AM

Malaysia looks to Mid-East to sustain palm oil exports

It will open regional palm oil office in Tehran by mid-year

Business 27 Jan 2017 | 12:00 AM

Kelington unit secures RM40mil Pasir Gudang project

PETALING JAYA: Kelington Group Bhd has secured a RM40mil contract to provide turnkey construction and engineering services to one of the world’s major suppliers of speciality emulsion polymers.

Business 27 Jan 2017 | 12:00 AM

TPM, Daegu Technopark team up

KUALA LUMPUR: Technology Park Malaysia Corporation Sdn Bhd (TPM) and South Korea’s Daegu Technopark has signed a Memorandum of Understanding (MoU) to collaborate to develop the regional industry and business growth.

Banking 27 Jan 2017 | 12:00 AM

CIMB Research upgrades MPI to ‘buy’ with higher target price

PETALING JAYA: CIMB Equities Research has upgraded Malaysian Pacific Industries Bhd (MPI) from “hold” to “add” with a higher RM9.70 target price due to the higher earnings growth, driven by a recovery in smartphone demand.