Brussels opens probe on Royal Mail revamp
BRUSSELS: Europes anti-trust watchdog yesterday launched a probe into British government plans to take on the Royal Mails hefty pension fund and deficit when the postal service is privatised in 2012……
EU to track bankers earning a million euros
LONDON: Top banks in the European Union will have to tell their supervisors how many staff earn more than a million euros a year, draft proposals showed on Thursday. …..
NAB wont bid for Lloyds branches now
SYDNEY: National Australia Bank has decided not to bid for 630 Lloyds branches on sale in Britain under current terms because it was put off by the expected £3bil (US$4.9bil) price tag and a high funding gap, three sources familiar with the deal sai…..
Swire to sell Hong Kong mall to Temaseks Mapletree
HONG KONG: Conglomerate Swire Pacific plans to sell a major shopping mall in Hong Kong to Singapore state investor Temaseks Mapletree Investments for HK$18.8bil (US$2.4bil) to fund its real estate projects in Hong Kong and China. …..
Japans ANA posts losses on quake
TOKYO: Japans All Nippon Airways yesterday said it swung to a group operating loss of 8.1 billion yen (US$104.2mil) in April-June from profit a year earlier after the March disasters hit demand……
Samsung profit outlook weakens
SEOUL: Samsung Electronics Co is relying on the smartphone market to boost group profits after its flat-screen unit reported a second quarter of losses and the mainstay chip business struggled……
US Q1 economic growth stagnated
WASHINGTON: The US economy grew at a dead-pace 0.4% in the first quarter and only 1.3% in the second quarter of 2011, the government said yesterday in a report that was far worse than expected. …..
Tiger Air: Singapore ops still buoyant
SINGAPORE: Budget carrier Tiger Airways said yesterday demand for its flights from Singapore remain buoyant despite the suspension of its domestic operations in Australia, said chief executive Chin Yau Seng. …..
City Hall is flexible
KUALA Lumpur is the largest and most densely populated city in the country. For that reason, urban redevelopment is likely to impact it more and earlier than other cities……
Plugging the gaps in urban renewal
Urban renewal is necessary if cities are to thrive. When cities thrive, the country progresses. From Penang to Ipoh, Kuala Lumpur to Johor Baru, the major cities in Malaysia are heading towards urban renewal. It is not unique to Malaysia……
Development needs people
IN any renewal programme, the question to ask is the carrying capacity of the city because ultimately structures do not make a city, people do……
Kampung Baru redevelopment an ambitious project
THE impending redevelopment of Kampung Baru, which is located in the heart of Kuala Lumpur, will be one of the most challenging urban regeneration projects by the Government……
Pipeline or piped dreams?
Anita Gabriel questions the checks and balances put in place and whether who you know can take precedence over how much you actually have in the Malaysian corporate world……
Greek bailout Mark II its a default
Lin See-Yan discusses Greeces bailouts, itsfailed plans and the bleak future of Europe……
Business judgment, corporate decision making
Board meetings are about decision making on a variety of matters. The supervisory and monitoring duties dominate. However a corporation is a wealth creation entity and major business transactions are placed before boards that demand deliberation and…..
City councils hold the ticket for a better tomorrow
City councils should prioritise overall long-term development over quick moneymaking business ventures, says Thean Lee Cheng……
Putting Malaysia on the global luxury tourism map
Abdul Rahim Rahman feels that more needs to be done to lure foreign investors especially into the Malaysian luxury villas market……
MAS appoints Md Nor as chairman
PETALING JAYA: National carrier Malaysia Airlines (MAS) has announced the appointment of Tan Sri Md Nor Md Yusof as chairman effective Monday……
Talent acceleration is required to develop leaders
TWO individuals, equally bright and highly educated. Yet, one always outperforms the other in his or her career advancement……
Cream of the crop and succession planning
ONE of the companies leading the way in terms of accelerating their employees talent and leadership is Malakoff Corp Bhd. Its chief executive officer Zainal Abidin Jalil, spent many years working in numerous countries in multiple roles with Exxon-M…..
R&D needs more support to power growth
IF one were to assess the success of a nation in terms of its wealth and economic growth, innovation would surely play a significant role. Countries that have embarked on research and development (R&D) in a big way are now enjoying the fruits of thei…..
US default deemed unlikely
THE US debt ceiling crisis is fast approaching the Aug 2 deadline and the markets are already signalling their collective nervousness if no deal could be struck in the penultimate hours of the self-imposed deadline……
Dijaya Corp thinks big
AFTER keeping a low profile in the past with sales below the RM500mil cap, property developer Dijaya Corp Bhd is changing course and moving into higher gear to become a more active developer with higher sales targets……
Location a key factor for SouthKeys JB project
SOUTHKEY Properties Sdn Bhd is banking on the strategic location of its integrated mixed development project in Johor Baru as the main selling point to attract local and foreign property buyers……
Ogilvy emerges big winners in Cannes festival
CREATIVE agency Ogilvy & Mather Malaysia were big winners at the recent Cannes Lions International Festival of Creativity, but awards arent everything, says group executive creative director Gavin Simpson……
Kadence is focused on providing solutions to clients
MARKET research firm Kadence International Sdn Bhd thinks about the conclusions to be drawn from its research right at the start when designing the research project……
Going back in time for business reasons
Author Niall Ferguson brings history to lifeand draws on the rise and fall of civilisations……
Snapshots
Compiled by THEAN LEE CHENG…..
Outcome of debt plan dictates direction
The Standard & Poors 500-share Index added 1.22 points to 1,345.02 and the Nasdaq Composite Index gained 24.40 points to 2,858.85 as investors poured into technology-related issues the previous Friday, and promising earnings from chip-maker triggere…..
Eye On Stocks
Property stock Country Heights Holdings Bhd pulled back from a near four-year peak of RM1.30 on July 7 to a low of RM1.10 a week later during the recent correction due to profit-taking……
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