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TO BE OR NOT TO BE?

Be The type of CEO Who Enriches, Not The One Who just Extracts

Business

German bankers brace for more cuts

NEW YORK: After lenders in Germany have already slashed about 188,000 jobs since the year 2000, many employees are now increasingly seeing digitalisation as the next big threat to employment.

ASEAN+

Alibaba’s Jack Ma is giving up ownership of Chinese entities – here’s what that means

VIEs are a way to sidestep restrictions in certain Chinese industries deemed sensitive, such as energy, technology and telecoms

ASEAN+

China’s film industry grinds to a halt because of Fan Bingbing tax scandal

Star’s disappearance and concerns about tighter Communist Party controls caused investors to pull the plug on new productions, insiders say

Business

August exports contract slightly to RM81.8bil but imports at new high

KUALA LUMPUR: Malaysia's exports stayed above the RM80bil mark in August though there was a dip due to a decline in palm oil exports. Imports rose to a new high on higher purchases of iron and steel.

Nation

Recent floods occurred outside Smart Tunnel flood mitigation coverage

PETALING JAYA: The operators of Smart Tunnel says the recent instances of flooding that occurred in Cheras, Subang and Puchong were outside the coverage areas of their flood mitigation system.

Business

Shares in Chinese tech firms tumble, Lenovo plunges over 20%

HONG KONG: Shares of Chinese hardware companies fell sharply on Friday, led by computer maker Lenovo Group Ltd which lost more than a fifth of its value. It was not immediately clear what was the cause, but the declines follow a Bloomberg Businessweek report that U.S. tech companies' systems had been infiltrated by malicious chips inserted by Chinese intelligence agents.

Business

Samsung Q3 profit likely hit record high but chip price falls cast shadow

SEOUL: Samsung Electronics Co Ltd said quarterly operating profit likely surged by a fifth to a record high, with its chip unit bolstered by robust demand from data centres and gains in production yields.

Markets

Broad-based pullback on Bursa as more outflows anticipated

KUALA LUMPUR: Worries over foreign fund outflows plagued global markets on Friday as US Treasury yields surged to seven-year highs even as the US economy roared ahead, stoking fears of inflation and interest rate hikes.

TECH

Pence says Google should halt 'Dragonfly' app development

US vice president Mike Pence sharply criticised what he said was China's theft of US technology on Thursday.