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Business

PetChem posts 42% increase in quarterly profit

PETALING JAYA: Petronas Chemicals Group Bhd (PetChem) registered a 42.3% year-on-year increase in net profit to RM1.37bil for the second quarter ended June 30, bringing its first half’s net profit to RM2.44bil, up 7.9% compared with the corresponding period last year.

Business

Berjaya Food to expand Kenny Rogers ops in India

Firm will also open first Jollibean outlet outside Singapore

AseanPlus News

Emperor feels ‘remorse’ over WWII

TOKYO: Japan’s Emperor Akihito expressed “deep remorse” about his nation’s wartime acts, as Tokyo marked the 73rd anniversary of the end of World War II.

Business

Goldman-backed heart valve startup to mull HK IPO

HONG KONG: Venus MedTech, a Chinese developer of heart valve replacements backed by Goldman Sachs Group Inc, is considering a Hong Kong initial public offering (IPO), people with knowledge of the matter said.

Business

Blackstone in talks for stake in Jet Air loyalty arm

MUMBAI: Blackstone Group LP is in talks to buy a stake in the loyalty programme of Jet Airways India Ltd, the troubled Indian carrier that’s exploring options to raise cash, people with knowledge of the matter said.

Metro News

HSL wins tender to build campus in Bintulu

KUCHING: Hock Seng Lee Bhd (HSL) has secured a RM101.19mil contract for a new Maktab Rendah Sains Mara (MRSM) campus in Bintulu through open tender.

World

Anger at Italy bridge operator as hunt for survivors goes on

GENOA, Italy (Reuters) - Italian rescuers searched for survivors among towering slabs of concrete wreckage in Genoa on Wednesday after a bridge collapse killed 39 people and sparked a furious government reaction against the viaduct's operator.

World

U.S. hits Chinese and Russian firms over North Korea sanctions breach

WASHINGTON (Reuters) - The United States imposed sanctions on a Russian port service agency and Chinese firms for aiding North Korean ships and selling alcohol and tobacco to Pyongyang in breach of U.S. sanctions.

Corporate News

Facebook is losing war on hate speech? Office in M'sia keeps watch

YANGON, Myanmar: In April, Facebook founder Mark Zuckerberg told U.S. senators that the social media site was hiring dozens more Burmese speakers to review hate speech posted in Myanmar. The situation was dire.

Business

Malaysia's second-quarter GDP growth pace seen cooling to 5.2 percent year-on-year

KUALA LUMPUR: Malaysia's economic growth pace likely slowed again in the second quarter of 2018, a Reuters poll showed.