3 August 2020, Monday | 08:23pm


MIDA wants transit-oriented development along ECRL corridor

KUALA LUMPUR: The Malaysian Investment Development Authority (MIDA) has set up a dedicated team to facilitate, evaluate and review the implementation of the Economic Accelerator Projects (EAP) along the East Coast Railway Link (ECRL) corridor.

Apple supplier Japan Display mulling cutting around 1,000 jobs

TOKYO: Apple supplier Japan Display is considering slashing about 1,000 jobs, or about a fifth of its parent-only workforce, as it eyes a bailout from a Chinese-Taiwanese consortium, the Nikkei business daily reported on Wednesday.

Oil prices ease on surprise rise in U.S. stockpiles, but Middle East tensions support

SYDNEY: Oil eased on Wednesday after closely watched data showed a surprise rise in U.S. crude stockpiles, but prices were supported by mounting tensions in the Middle East.

New income stream for TNB

KUALA LUMPUR: Utility giant Tenaga Nasional Bhd (TNB) is expected to see earnings contribution from the National Fiberisation and Connectivity Plan (NFCP) beginning next year.

Australia goes sour on sugar as China and India feed sweet tooth

PERTH: Consumption has been flat-lining, and appetite for the sweet stuff probably won’t grow much at all medium term as people shift to low sugar, diet and sugar-free options, said Charles Clack, a Rabobank analyst in Sydney.

Takaful Malaysia aims to maintain strong profit growth

KUALA LUMPUR: Syarikat Takaful Malaysia Keluarga Bhd (STMKB) aims to maintain its profit growth this year, going by its strong performance in the first quarter of 2019.

TT Vision allocates RM4m to expand Penang plant

KUALA LUMPUR: TT Vision Holdings Bhd has allocated over RM4 million in capital expenditure (capex) this year to expand its plant on a 0.81ha of land in Bayan Lepas Free Industrial Zone, Penang.

Oil rebounds as Trump says letter revives China trade hopes

HOUSTON: Brent oil futures settled slightly higher on Thursday, rebounding from a drop after U.S. President Donald Trump revived investor hopes that the United States might not raise tariffs on Chinese imports, a step that could hit economic growth and crimp oil demand.

Ringgit opens flat as external environment sours

KUALA LUMPUR: The ringgit opened flat against the US dollar in early session as weak sentiment persisted due to bearish external leads, a dealer said.

At 9 am, the local unit opened at Thursday's closing level of 4.1520/1550 against the greenback.

Asia's richest man buys iconic British toy store chain Hamleys

MUMBAI: Mukesh Ambani, Asia’s richest man, sealed another deal to expand his retail footprint and add heft in a battle with Amazon.com Inc. and Walmart Inc. in India.