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Corporate News 16 Jan 2018 | 12:01 AM

Airbus wins 2017 order race after last-gasp sales spree

PARIS: Frantic dealmaking in the closing weeks of 2017 saw Airbus overtake Boeing Co's recent lead in the global jet market to win their annual order contest for a fifth year in a row, though doubts remain over the future of its flagship A380

Corporate News 16 Jan 2018 | 7:25 AM

Family feud casts cloud over Genting Group empire

KUALA LUMPUR: At the Gohtong Memorial Park, an exclusive cloud-shrouded hilltop family burial ground on the outskirts of Kuala Lumpur, resting plots have been earmarked for unborn clan members.

Corporate News 17 Jan 2018 | 12:00 AM

HNA unit pushes back loan deadline again for HK site

HONG KONG: A unit of HNA Group Co sought more time to complete the arrangement of a second bridge loan it took to finance a luxury real-estate development in Hong Kong as the Chinese conglomerate juggles its borrowings following a debt-fuelled acquisition spree.

Corporate News 17 Jan 2018 | 12:00 AM

Family feud casts cloud over Genting empire

KUALA LUMPUR: At the Gohtong Memorial Park, an exclusive cloud-shrouded hilltop family burial ground on the outskirts of Kuala Lumpur, resting plots have been earmarked for unborn clan members.

Corporate News 17 Jan 2018 | 12:00 AM

Singapore council seeks feedback on governance code

SINGAPORE: In an attempt to boost investor confidence in Singapore’s capital markets and support innovation, a council formed by the city-state’s central bank released a consultation paper yesterday revising its recommendations for corporate governance.

Corporate News 17 Jan 2018 | 12:53 AM

Diary Malaysia Wednesday Jan 17

KUALA LUMPUR: ALL TIMES ARE PROVISIONAL AND IN LOCAL TIME FOLLOWED BY GMT IN BRACKETS

Corporate News 17 Jan 2018 | 10:36 PM

Oil price rises ahead of US weekly inventory figures

NEW YORK: Oil prices ended higher on Wednesday ahead of the release of U.S. petroleum data that was expected to show a ninth straight weekly drawdown in crude inventories.

Business 18 Jan 2018 | 12:00 AM

Algeria in deal with Vitol to refine oil abroad

ALGIERS: Algeria’s state-run energy producer Sonatrach has signed an agreement with oil-trading Vitol Group to ship crude to Italy to be processed and sent back as refined products, in the first deal of its kind to trim the country’s US$2bil annual bill for imported fuel.

Business 18 Jan 2018 | 12:00 AM

JM Education plans share placement

PETALING JAYA: JM Education Group Bhd has proposed to undertake a placement of 6.8 million ordinary shares, which represents about 10% of the company’s enlarged issued share capital, at 45 sen each.

Banking 18 Jan 2018 | 12:00 AM

Dilemma for Philippine central bank seeking reserve cut

MANILA: Philippine central bank governor Nestor Espenilla said it’s getting harder to cut the reserve requirement ratio for lenders as he’d pledged to do when he took office six months ago, with inflation set to pick up.