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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.


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, while Alphabet was close behind the trio as it prepared to report its quarterly results


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

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.


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


Puspakom CEO: Company has made great strides over the years

KUALA LUMPUR: Puspakom has made great strides in its operational capacity and efficiency in the 24 years it has been in existence as the national inspection company to undertake mandatory inspections of both commercial and private motor vehicles, said its chief executive officer Mohammed Shukor Ismail.


Daiman major shareholders plan to take company private

PETALING JAYA: Daiman Development Bhd’s major shareholders, who own a combined 53.38% stake in the property company, have proposed a selective capital repayment (SCR) of RM3 a share as they seek to take it private.


Exclusive: Mystery company named by murdered Maltese journalist is linked to power station developer

VALLETTA/DUBAI (Reuters) - In February 2017, the Maltese investigative journalist Daphne Caruana Galizia wrote in her blog about a mystery company in Dubai called 17 Black Limited. She alleged it was connected to Maltese politicians, but offered no evidence.


Women suing Microsoft did not prove company-wide bias practices, judge says

Two women suing Microsoft over gender discrimination did not prove that performance reviews were conducted so uniformly across the company that thousands of other women could join the bias case, a Seattle judge wrote in a decision released to the public.


Viral letter alleges Perak govt appointed Johor company to maintain roads

IPOH: A letter has gone viral purportedly from the Perak state secretary’s office claiming that the state government has given its approval to a company in Johor Baru to maintain city and municipal roads in the state.