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Business 05 Apr 2019 | 12:00 AM

MyEG to invest in China-based AI company Jingle Magic

PETALING JAYA: MyEG Services Bhd is investing RM6.1mil in China-based artificial intelligence (AI) company Jingle Magic (Beijing) Technology Co Ltd.

Corporate News 04 Feb 2019 | 11:11 PM

Apple briefly regains most valuable company, but Amazon could become leader at US$1.03tril

SAN FRANCISCO: Apple very briefly retook its title as the most valuable publicly listed U.S. company on Monday, beating out Microsoft and Amazon.com, while Alphabet was close behind the trio as it prepared to report its quarterly results

Corporate News 19 Oct 2018 | 12:00 AM

Ex-billionaire Singh brothers found to have defrauded company

MUMBAI: India’s stock market regulator has determined the former owners of the nation’s second largest hospital chain defrauded the company of four billion rupees (US$54.3mil) and ordered that they return it.

Corporate News 21 Dec 2017 | 12:00 AM

MyHSR, SG HSR call for assets company tender

PETALING JAYA: MyHSR Corp Sdn Bhd and SG HSR Pte Ltd, the owners of the Kuala Lumpur-Singapore High Speed Rail (HSR) project, have called a joint tender for an assets company for the HSR project with bidders having up to June 29 next year to submit proposals.

Corporate News 27 Jul 2017 | 7:36 AM

Petronas sells stake in LNG 9 for RM2.14b to Thai oil company JV

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has disposed of a 10% stake in Petronas LNG 9 Sdn Bhd (PL9SB) in Malaysia for US$500mil (RM2.14bil) to Thailand's national company and partner.

Corporate News 24 Mar 2017 | 12:49 AM

Samsung Electronics says difficult to adopt holding company structure

SEOUL: Samsung Electronics Co Ltd said on Friday it will be difficult to adopt a holding company structure at this time, giving investors their first insight into how the South Korean tech giant is approaching a potential restructuring.

Corporate News 13 Aug 2018 | 11:10 PM

World's biggest apparel maker to spin off Lee and Wrangler jeans into public company

NEW YORK: One of the world's biggest apparel makers, will spin off Lee and Wrangler jeans into a separate public company, it said on Monday, allowing it to focus on its more profitable Vans sneakers and The North Face outerwear businesses.

Commodities 20 Mar 2017 | 12:00 AM

Siemens says failure to publish company history not a cover-up

FRANKFURT:, Germany industrial and engineering giant Siemens said a decision not to publish a manuscript about the company’s recent history, including some findings about a corruption scandal, did not amount to a cover-up.

Commodities 04 Jan 2017 | 12:00 AM

Wah Seong in partnership with China company

PETALING JAYA: Wah Seong Corp Bhd is teaming up with China Lesso Group Holdings Ltd to set up a joint-venture (JV) company to secure quality building materials, architectural products and home furnishing goods primarily from China.

Corporate News 06 Feb 2019 | 10:58 PM

Scoot over Microsoft: Apple again the most valuable US company at $821.5bil

SAN FRANCISCO: Apple won back its crown as the most valuable publicly listed U.S. company on Wednesday, ending the session with a market capitalization above recent leaders Microsoft and Amazon.com