21 March 2019, Thursday | 06:55pm

Business

Hong Kong billionaire released from jail and heads home for dim sum

HONG KONG: What’s the first thing a Hong Kong billionaire does when he’s released from jail? Order dim sum, of course.

Shutting down MAB may be detrimental to economy

Malaysia will stand to lose ancillary economic benefits if Malaysia Airlines Bhd (MAB) is closed down, said sole shareholder Khazanah Nasional Bhd.

New vehicle sales drop nearly 20pct in February

KUALA LUMPUR: Malaysia’s automotive sector posted slower sales in February, falling 18 per cent or 8,612 units from January on shorter working month due to Chinese New Year holidays.

Felda settlers appeals for government grants to reign in loans

KUALA LUMPUR: Federal Land Development Authority (Felda) settlers have collectively agreed to cut back their subsistence loans while appealing for government grants.

Astri is new country president for Schneider Electric Malaysia

KUALA LUMPUR: Schneider Electric has appointed Astri Ramayanti Dharmawan as new country president for Schneider Electric Malaysia to support the company’s growth in Malaysia and Brunei.

MAS retirees want to help revive airline

PETALING JAYA: The Malaysia Airlines Retirees Association (MASRA) is offering to provide advice and its expertise in order to turnaround and save the ailing airline.

Transformation into 'new TM'

KUALA LUMPUR: Telekom Malaysia Bhd (TM) has set a new medium to long term business direction to transform into “New TM” and help turn around the company after challenging 2018 which saw its net profit plunged to its lowest level since listing.

Malaysian takaful industry outlook stable in 2019: RAM Ratings

KUALA LUMPUR: RAM Rating Services Bhd (RAM Ratings) is maintaining a stable outlook on Malaysia’s takaful industry for 2019, on the back of resilient growth amid an evolving operating landscape.

CCMB appoints Idris Kechot as chairman

PETALING JAYA: Chemical Company of Malaysia Bhd (CCMB) has appointed Datuk Idris Kechot (pix) as the group’s new non-independent non-executive chairman, effective today.