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Corporate News 29 Nov 2018 | 11:10 PM

Grab, Go-Jek wage street fight for Southeast Asia 'super-app' supremacy

JAKARTA: At a makeshift kiosk outside her home in a South Jakarta backstreet, 39-year-old Julaiha stands at the front lines of a multi-billion-dollar battle over one of the richest opportunities in the global digital economy.

Markets 29 Nov 2018 | 11:03 PM

Oil price rise 2%, but is set for the biggest monthly fall in 10 years

NEW YORK: Oil reversed course and rose as much as 2 percent on Thursday, after industry sources said Russia had accepted the need to cut production, together with OPEC ahead of its meeting next week.

Football 29 Nov 2018 | 5:35 PM

Internal strife hurts Bayern as rivals capitalise

BERLIN (Reuters) - Bayern Munich's slump in form has opened up a Pandora's box at the German champions this season, with players turning against coach Niko Kovac, a team mole leaking stories to the media and club bosses struggling to contain the escalating crisis.

Economy 29 Nov 2018 | 6:53 AM

Indonesia cancels part of plan to relax rules on foreign business role

JAKARTA: Indonesia has cancelled part of its plan to relax restrictions on foreign ownership of industries in order to keep some sectors only for domestic small and medium-sized enterprises, a government official said on Thursday.

World 29 Nov 2018 | 4:55 AM

Explainer: What underlies U.S.-China tensions ahead of crucial G20 meeting?

WASHINGTON (Reuters) - U.S. President Donald Trump and Chinese President Xi Jinping are expected to meet on the sidelines of the G20 summit in Argentina this week for what some see as the most important meeting in years between the leaders of the world's two largest economies.

AseanPlus News 29 Nov 2018 | 4:53 AM

‘Time traveler’ claims Philippines will be ‘giant utopia,’ crime-free by 2030

MANILA (Philippine Daily Inquirer/Asia News Network): Thinking about the future, more often than not, makes some people anxious with the fear of the unknown.

World 29 Nov 2018 | 3:48 AM

Venezuela economy contracted 29.8 percent in third quarter - congress

CARACAS (Reuters) - Venezuela's economy shrank by 29.8 percent in the third quarter compared with the year-ago period, the opposition-controlled congress said in a report on Wednesday, as the five-year long recession deepened.

Nation 29 Nov 2018 | 1:02 AM

Malaysia seeks talks with Goldman to get US$600mil and more

ISTANBUL (Bloomberg): Malaysia is seeking direct talks with Goldman Sachs Group Inc to recoup more than US$600mil (RM2.5bil) the bank earned from raising funds for troubled state fund 1MDB, the country’s leader-in-waiting Datuk Seri Anwar Ibrahim has confirmed.

Economy 29 Nov 2018 | 12:00 AM

Guan Eng: Data is king, not cash

KUALA LUMPUR: Cash is no longer king – data is – in today’s technology-driven world. According to Finance Minister Lim Guan Eng, it is important for Malaysia to leverage on new technologies in this era of digital economy to advance further economically and socially.

Banking 29 Nov 2018 | 12:00 AM

Hong Leong Bank’s first quarter net profit 11% up

PETALING JAYA: Hong Leong Bank Bhd’s (HLB) earnings rose by almost 11% year-on-year (y-o-y) in its first quarter ended Sept 30, led by higher net income and lower allowance for impairment losses on loans, advances and financing.