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Kitchen space rental heats up in China

IN China’s biggest cities, restaurants are struggling to satisfy the appetites of customers ordering food delivery through apps on their phones. That’s leading to a booming market for renting kitchen space, without tables, chairs or waiters.


YKGI expanding to Peninsular Malaysia

KUCHING: YKGI Holdings Bhd, which owns manufacturing facilities in Sarawak and Sabah which produce metal roofing products, is expanding to Peninsular Malaysia.


Buffett makes case for his successor to keep Berkshire together

NEW YORK: Warren Buffett’s (pic)latest annual letter didn’t offer many clues to the timing or identity of his successor. But he did present his answers to a couple of the biggest questions that will face whoever takes his place.

AseanPlus News

21 killed in bus crash at silver mine

BEIJING: A total of 21 people have been killed and 29 injured in a bus accident blamed on faulty brakes at China’s largest silver mine in the country’s north, the Emergency Management Ministry said.


Initiative, BPN and UM lead industry adex share in Malaysia

PETALING JAYA: IPG Mediabrands agencies – Initiative, BPN and Universal McCann (UM) – command the highest advertising expenditure (adex) share in Malaysia, according to independent media research company RECMA.


Slew of infra projects in Sarawak

KUCHING: Sarawak’s major construction-based companies are in focus ahead of the impending award of contracts for the state-funded mega infrastructure projects.


UAE's ADNOC seals US$4bil oil-pipeline infrastructure deal with KKR, BlackRock

ABU DHABI: Abu Dhabi National Oil Company (ADNOC) has sealed a $4 billion midstream pipeline infrastructure deal with U.S. investment firms KKR and BlackRock, the government-owned company said on Sunday

Corporate News

Even shrewd Buffett's Berkshire does not escape equities slide

Sinking stocks and deteriorating prospects from an investment in Kraft Heinz Co pummeled the bottom line of Warren Buffett's Berkshire Hathaway Inc, which on Saturday reported a huge quarterly net loss even as operating profit soared.


Efficient site blocking practices could help Malaysia better combat digital piracy

Battling digital piracy requires decisive and swift action by the authorities.


Germany fails to deport nearly every second asylum seeker

BERLIN (Reuters) - Germany failed to deport 27,000 rejected asylum seekers last year, nearly half of the total 57,000 cases, Interior Minister Horst Seehofer said on Sunday, adding that the government would step up efforts to get those migrants out of the country.