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Summary of business stories - OPR, Sime Darby Property, Malaysia Airlines, IHH Healthcare
BANGKOK: A study on consumer payment attitudes by Visa showed nearly half of all Thai consumers (45%) were likely to avoid using cash after the Covid-19 pandemic ends.
PETALING JAYA: Nearly RM4.7bil in direct cash transfers would have been paid to 8.4 million Malaysians by the time the second phase of Bantuan Prihatin Rakyat (BPR) is completed.
CALIFORNIA: The global semiconductor shortage roiling a wide range of industries likely won’t be resolved for a few more years, according to Intel Corp’s new chief executive officer Pat Gelsinger.
NEW YORK: Apple Inc on Wednesday posted sales and profits far ahead of Wall Street expectations as customers upgraded to 5G iPhones but warned that a global chip shortage would cost it billions in revenue in the current quarter, hitting Macs and iPads.
SHANGHAI: Semiconductor Manufacturing International Corp (SMIC) will build a US$2.35bil (RM9.66bil) plant with funding from the government of Shenzhen, the first major project to emerge from China’s masterplan to match the United States in advanced chipmaking.
Digitalisation and automation likely to drive tech boom for the next five years
SHANGHAI: China's Lenovo Group, the world's biggest maker of personal computers, posted record profit and revenue in the third quarter on Wednesday, helped by robust demand from people working from home as COVID-19 restrictions persisted.