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Archive for the Category ‘Business’

HSL, Naim biggest beneficiary of govt spending in SCORE

HSL, Naim biggest beneficiary of govt spending in SCORE

Sarawak will benefit from an increased government spending on infrastructure projects this year, especially for the Renewable Energy Corridor (SCORE).
According to MIDF Amanah Investment Bank Bhd in a research note on Saturday, the development of SCORE, would specifically require basic infrastructure such as roads, dam, bridges and rail to support heavy industries as well [...]

China online earning reach RM37 billion in 2009

China online earning reach RM37 billion in 2009

BEIJING: China firms earned nearly $11 billion from their Internet operations last year, a research group said Monday, as the nation with the world’s biggest online population becomes more web-savvy.
Online revenue generated by advertising, games, shopping and other activities rose more than 30 percent on-year to 74.3 billion yuan, Cao Junbo, a senior researcher at [...]

AirAsia, Jetstar form low cost alliance

AirAsia, Jetstar form low cost alliance

SYDNEY: Jetstar and AirAsia unveiled plans on Wednesday to slash costs and ticket prices by pooling some resources, taking the first step in an alliance which could transform the Asian budget market.
Jetstar chief executive Bruce Buchanan said the non-equity arrangement, described as a world first between low-cost airlines, was expected to save hundreds of millions [...]

Jetstar, Airasia in a joint venture talks

Jetstar, Airasia in a joint venture talks

Australia’s national airline Qantas today said its budget offshoot Jetstar was in talks with Malaysia’s AirAsia about a possible joint venture aimed at reducing costs.
“Qantas confirms that its wholly-owned subsidiary Jetstar and AirAsia have entered discussions regarding a potential cost-saving joint venture,” the company said in a statement to the market.
“However, these discussions are at [...]

Boeing ‘Dreamliner’ maiden test flight photos videos

Boeing ‘Dreamliner’ maiden test flight photos videos

After more than two years of delays, Boeing’s 787 Dreamliner made its maiden flight Tuesday in a three-hour trip that the maker described as a success (scroll down for videos).
“Today is truly a proud and historic day for the global team who has worked tirelessly to design and build the 787 Dreamliner — the [...]

Johor Bahru city folks to enjoy drive-thru banking comfy

Johor Bahru city folks to enjoy drive-thru banking comfy

Johor Bahru city folks probably the first in the country to enjoy the convenient of drive-thru banking.
Property developer SP Setia is introducing a drive-thru for Maybank, Starbucks, KFC and Pizza Hut whenever they go to the Setia Tropika’s central business district (CDB).
These four outlets, which are located at the Setia City Connects of the [...]

1,191 Internet fraud cases detected between Jan-June period

1,191 Internet fraud cases detected between Jan-June period

A total of 1,191 cheating cases involving RM1 million fraudulently transferred via Internet banking were detected between January and June, the Dewan Rakyat was told today.
Deputy Minister of Finance Datuk Chor Chee Heung, however, said the cases were still small when compared to overall Internet banking transactions done in the same period.
A total of 50.3 [...]

Capitalizing on weak US dollar, oil prices up in Asian trade

Capitalizing on weak US dollar, oil prices up in Asian trade

Oil prices rose in Asian trade on Tuesday as traders capitalized on a weakening US dollar, analysts said. New York’s main futures contract, light sweet crude for delivery in January, rose 35 cents to $74.28 a barrel.
Brent North Sea crude for January delivery climbed 57 cents to $77. A weakening greenback was providing impetus for [...]

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