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CONSTRUCTION companies are having a tight cash flow situation with the dearth of projects and tight margins. The situation is even worse for construction companies like Vertice Bhd that has the bulk of its projects in Penang.
THE European Commission is largely happy with the first year of its sweeping digital privacy rules. Evidence mounts, however, that the General Data Protection Directive (GDPR) hurts smaller firms and has no effect on tech giants, which are the least interested in preserving user privacy.
VISITING a new country brings a degree of caution: regardless of how much research you do beforehand, nothing really prepares you for the actual sounds, sights and smells that await, ready to overturn assumptions. It’s particularly disorienting if a youthful imagination has taken hold before arriving: when I first visited London as a child, I was expecting to see streets paved with gold, so taken was I by the story of Dick Whittington and his cat.
As I write this column, I am travelling on a train from Paris to Amsterdam. One of the things I enjoy the most in my post-political life is being to travel freely without having to worry about a phone call with a complaint that a house has burnt down or there is a flood somewhere.
FRANKFURT: Mario Draghi (pic) is entering the final three months of his European Central Bank presidency with a plan that will see his influence linger well after he’s replaced by Christine Lagarde.
MUMBAI/NEW DELHI: Credit rating agencies for years assigned high ratings to India's Infrastructure Leasing & Financial Services (IL&FS) and its group companies despite its deteriorating financial health, according to a special audit conducted by Grant Thornton India.