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Business

SembCorp Q3 net profit surges 157%

Sales of electricity and offshore gas have fuelled a 157% surge in quarterly earnings at SembCorp Industries Ltd, Singapore's fourth biggest conglomerate, and it forecast yesterday further growth ahead.

Business

Google sets lofty do-gooder role

Google Inc, not content with successfully making the Internet a more useful information hub, has set an even loftier goal for itself: to create a foundation to tackle #8220;the largest problems of the world#8221;.

Business

News in brief

News briefs on: TSH, John Hancock, Kumpulan Powernet, Global Soft, Kenmark Industrial, Sarawak Oil Palms, Wijaya Baru Global, Ya Horng Electronic, Mintye Industries, Mmode and Berjaya Capital.

Business

Macau gambling firm bids to operate resort in Singapore

One of gaming hotspot Macau's newest glitzy casinos #8211; Greek Mythology #8211; has bid to operate a proposed gambling resort in Singapore.

Business

DCM moving plant to Pekan sooner

Daimler-Chrysler Malaysia Bhd (DCM) will move its local assembly operations to Pekan in as early as six months following the early termination of its contract with Cycle and Carriage Bintang Bhd (CCB), said president and chief executive officer Frank Steinleitner.

Business

At 10 years old, has Web auction pioneer lost its allure?

Some say eBay's blockbuster growth has engendered arrogance

Business

Chinese hope the spice is right

In a large concrete yard covered with a metre-high rows of star anise seeds, farmers in Gulong, China, shovel the pungent spice into boxes for export.

Business

Mitsubishi soars as investors turn upbeat

Mitsubishi Motors Corp shares more than doubled in value last year after two bailouts convinced investors the company will survive. Its ability to return to profit rests on the success of six new models.

Business

Intesa, Sanpaolo agree to merger into Italy's largest bank

ROME (AP): Banca Intesa SpA and fellow lender Sanpaolo IMI SpA said Saturday they had agreed to merge, creating Italy's biggest bank with about US$650 billion (euro509 billion) in combined assets.

Business

The return of the pearl of the Orient

PENANG'S charm and natural attraction as a heritage island state should be further harnessed and concerted efforts from both the authorities and the private sector are necessary to return the lustre of the 'Pearl of the Orient.'