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Financial institutions and the government must play more active roles
KUALA LUMPUR: Telekom Malaysia Bhd’s wholesale arm, TM Wholesale has signed a collaborative agreement with Globe Telecom for a nationwide rollout of Globe’s co-branded gaming solution, Globe Gamer Grounds powered by Ember in the Philippines.
KUALA LUMPUR: Revenue for the services sector in the country soared 10.4 per cent to RM473.0 billion in the first quarter (Q1) of 2022 from RM428.5 billion in Q1 2021, the Department of Statistics Malaysia (DoSM) said.
KUALA LUMPUR: There are happier times ahead for Heineken Malaysia Bhd as the government has given the green light for entertainment outlets to resume operations from May 15, 2022, which should help the brewer's revenue recovery in on-trade channels.
NEW YORK: Boston Partners and Anchor Capital are among long-term shareholders urging toy maker Hasbro Inc to refresh its board with at least one investor-nominated director and to settle a proxy contest with activist investment firm Alta Fox Capital Management.
OAKLAND, Calif.: Apple Inc forecast growing problems as COVID-19 lockdowns snarl production and demand in China, the war in Ukraine dents sales and growth slows in services, which the company sees as its engine for expansion.
NEW YORK: Florida governor Ron DeSantis may have put a bull’s-eye on special perks that Walt Disney Co has enjoyed in his state for more than 50 years, but he’s keeping his hands off hundreds of millions of dollars in tax breaks recently lavished on the entertainment giant.
NEW YORK: The three main Wall Street benchmarks had their best days in over a month on Tuesday, with the Nasdaq closing up 2.2%, as investors responded to positive earnings and dovish comments from two U.S. Federal Reserve officials on interest rate rises.
SINGAPORE: Two months after the collapse of Genting Hong Kong – the cruise industry’s highest-profile financial casualty since the pandemic started – another company related to Malaysian tycoon Tan Sri Lim Kok Thay was registered in Singapore.