26 January 2020, Sunday | 04:09am

Business

Arrested again, Nissan ex-chief Ghosn says it is 'outrageous'

TOKYO: Japanese prosecutors arrested ousted Nissan Motor Co boss Carlos Ghosn for a fourth time on Thursday, on what media reports said was a new case over improper payments made by the automaker to a dealer in Oman under his watch.

Government does not intend to amend Bankruptcy Act

KUALA LUMPUR: The government has no intention to amend the provisions under Section 60 (1) of the Bankruptcy Act (Amendment) 2017 (Act 1534).

Electricity tariffs to remain unchanged till June

KUALA LUMPUR: The electricity tariffs are likely to be maintained until June this year as there are no changes in the current Imbalance Cost Pass-Through (ICPT) mechanism for the period of Jan 1 until June 30, 2019.

Sime Darby's unit completes disposal of Sime Kubota

KUALA LUMPUR: Sime Darby Bhd’s subsidiary Sime Darby Industrial Holdings Sdn Bhd has completed the disposal of its 53 per cent stake in Sime Kubota Sdn Bhd to Kubota Corporation for RM25.87

Shopee joins forces with Maxx 'N Go

KUALA LUMPUR: Shopee, a leading e-commerce platform in Southeast Asia and Taiwan, has joined forces with Maxx ‘N Go to deliver an exclusive auto service and parts installation to Malaysians.

FGV's unit wins US$11.7m lawsuit against Safitex

KUALA LUMPUR: FGV Holdings Bhd says its subsidiary Delima Oil Products Sdn Bhd has won a US$11.7 million lawsuit against Safitex General Trading LLC over outstanding payments.

PNB targets 150,000 visitors to Minggu Saham Amanah Malaysia

KUALA LUMPUR: Permodalan Nasional Bhd (PNB) has targeted 150,000 visitors to its flagship event, Minggu Saham Amanah Malaysia (MSAM), to be held this time in Sungai Petani, Kedah from April 19 to 25.

ERL targets to increase five pct ridership this year, leveraging on API initiative

KUALA LUMPUR: Express Rail Link Sdn Bhd (ERL) is targeting about five per cent growth in ridership this year from the current nine million range annually.

RM1bil land sale by Sime Darby

PETALING JAYA: Sime Darby Plantation Bhd (SDP) is looking to dispose of over 4,300 acres of freehold estate land in Peninsular Malaysia that is estimated to bring in proceeds of more than RM1bil if it is able to get the price it seeks.

Bitcoin's sudden jump propels cryptocurrency toward US$5,000

HONG KONG: Bitcoin climbed suddenly on Tuesday to the highest level since November, shattering a three-month stretch of calm for the world’s most popular cryptocurrency.