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FGV hopeful PM’s China trip will benefit palm oil sector

KUALA LUMPUR: FGV Holdings Bhd is optimistic that Prime Minister Tun Dr Mahathir Mohamad’s official visit to China in August will benefit the palm oil sector, said FGV president and group CEO Datuk Zakaria Arshad.

Mah Sing named among BCI Asia’s Top 10 developers

KUALA LUMPUR: Mah Sing Group Bhd (Mah Sing) has been named among Building and Construction Asia’s (BCI Asia) Top 10 Developers in Malaysia 2018 for the eighth consecutive year.

Alibaba in Talks With BT for Cloud Partnership in Europe Push

Alibaba Group Holding Ltd. is in talks with BT Group Plc about a cloud services partnership as the Chinese internet giant challenges Amazon.com Inc.’s dominance in Europe.

Tencent seeks to list online music unit in US

BEIJING: Chinese internet giant Tencent Holdings Ltd said it is looking to spin off and list its online music business, China’s biggest music-streaming company, in the United States.

Xiaomi drops on debut as investors question Internet vision

BEIJING: Xiaomi Corp. fell as much as 2.9 percent on its debut, as fears of an escalating trade war and uncertainty about its valuation combined to dampen Hong Kong’s biggest coming-out party in two years.

Days of GLC top execs getting fat salaries over, says PM

KUALA LUMPUR: The days of top executives of government-linked companies (GLCs) drawing fat salaries regardless of their companies' performance is over, Prime Minister Tun Dr Mahathir Mohamad has warned.

Short-selling of Top Glove suspended as counter plunges on litigation news

KUALA LUMPUR: The proprietary day trading (PDT) and intra-day short selling (IDSS) for Top Glove Corp has been suspended for the remainder of the day as it breached Bursa Malaysia limits.

Bursa rebounds with other regional markets, Top Glove in the spotlight

KUALA LUMPUR: Bursa Malasia joined other regional equity markets in a rebound in Monday morning trade following Friday's positive US jobs data report.

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For China, tech giant Tencent is both a national champion and a threat

Company’s ubiquitous WeChat app has more than a billion users

As LRT3 bill spirals, Prasarana mulls taking over project

PETALING JAYA: Prasarana Malaysia Bhd is considering taking over the construction of the Light Rapid Transit line 3 (LRT 3) from its project delivery partner (PDP) to curb its spiraling cost.