30 Nov 2011 - 6:14pm
KUALA LUMPUR: In a move to expand the range of Saga models, Proton Holdings on Wednesday unveiled a new entry-level variant, the Saga FLX SE, set to appeal to the younger generation. Priced from RM49,449 and powered by a 1.6-litre Campro Intake Air-Fuel Module (IAFM) engine, the new model aims to provide car owners more performance and fuel...
30 Nov 2011 - 5:05pm
TOKYO: Electronics and manufacturing giant Toshiba said Wednesday it is to shut three semi-conductor factories in Japan as part of a reorganisation of its business, as it grapples with falling profits.
It also said it would slow production at a number of plants over the winter because of the drop off in demand for electronic goods in the...
30 Nov 2011 - 4:02am
DALLAS: American Airlines' parent company AMR filed for bankruptcy protection Tuesday, as the troubled firm tried to put its finances in order while keeping planes in the sky and passengers in seats.
"Chapter 11 reorganisation is in the best interest of the company and its stakeholders," the firm said in an early-morning statement, which...
29 Nov 2011 - 6:01pm
JAKARTA: Growth in Southeast-Asia's six major economies is expected to slow through 2016, the OECD said Tuesday, urging them to find new growth drivers as the key US and European export markets are stuck in crisis.
In its outlook for the region, the Organisation for Economic Co-operation and Development said domestic demand would become an...
29 Nov 2011 - 4:05pm
KUALA LUMPUR: A blogger who has been vocal in his criticism of AirAsia CEO Tony Fernandes' corporate maneuvers had more to say today about Fernandes’ recent Twitter rant against Malaysia Airports Holdings Berhad.
In his latest post on Fernandes' tirade against MAHB, Big Dog noted that there appeared to be an ulterior motive behind the...
29 Nov 2011 - 3:35pm
KUALA LUMPUR: Sumatec Resources Berhad has signed a framework agreement with Markmore Energy (Labuan) Ltd for the proposed award of a production sharing contract (PSC) by CaspiOilGas LLP in the Shelly oil field in Kazakhstan until Aug 25, 2025. CaspiOilGas is a wholly-owned subsidiary of Markmore Energy. Sumatec said the PSC awarded to the...
29 Nov 2011 - 2:43pm
KUALA LUMPUR: Proton Holdings Bhd recorded a lower pre-tax profit of RM47.524 million for the six months ended Sept 30, 2011, against the RM185.914 million previously. Revenue dwindled to RM4.496 billion during the period under review from RM4.530 billion. "The lower profit is largely attributed to higher expenses incurred by Lotus Group...
25 Nov 2011 - 10:07pm
TOKYO: Japanese electronics giant Panasonic said Friday it would build a new solar cell factory in Malaysia, as it looks abroad to cut production costs caused by the surging yen. The company said it would spend 45 billion yen (US$582 million) on the new factory making cells -- a key component of solar panels -- capable of generating 300...
24 Nov 2011 - 6:24pm
KOTA KINABALU: The Sabah Oil and Gas Industrial Park in (SOGIP) Sipitang is expected to attract investments worth RM12 billion with the potential to offer 30,000 job opportunities when it is fully developed. State Industrial Development Minister Datuk Raymond Tan Shu Kiah said the park, which was approved early this year and is 4,000...
24 Nov 2011 - 5:38pm
KUALA LUMPUR: Shipping conglomerate MISC Berhad is expected to exit the container shipping operations by June 30 next year due to difficult operating conditions and losses. The losses, incurred over three consecutive financial years, amounted to US$789 million (about RM2.525 billion) and impacted MISC's overall financial performance....
