Sime Darby Property swings to loss in 2Q

Sime Darby Property Bhd reported today a second quarter net loss of RM81.77 million versus net profit a year earlier and in the preceding quarter as all three business... Read more »

AirAsia posts record loss after virus annihilates demand

AirAsia Group Bhd posted its largest quarterly loss on record as restrictions imposed by governments to contain the spread of the coronavirus decimated travel. Southeast Asia’s second-biggest budget carrier... Read more »

Google sued by Australian regulator over data use for ads

Australia’s competition regulator has launched court proceedings against Alphabet’s Google for allegedly misleading consumers about the expanded use of personal data for targeted advertising. The case by the Australian... Read more »

Record 41.2% contraction plunges Singapore’s economy into recession

SINGAPORE: Singapore’s economy slipped into recession in the second quarter, contracting by a record 41.2% from the previous three months and is facing its biggest slump ever this year... Read more »

Ringgit, tracking crude oil price, opens higher against US dollar

KUALA LUMPUR: The ringgit was higher at the opening, tracking crude oil price currently trading at US$43 per barrel, up by 0.23%, ahead of a virtual Organization of the... Read more »

AmBank rated best bank in Malaysia and one of the world’s top 100 banks

AmBank has been ranked as the best bank in Malaysia in a global ranking of 1000 of the world’s quoted banks, according to a new banking magazine launched by... Read more »

‘Let’s get going’: UK readies businesses for Brexit crunch

Britain is urging businesses and individuals to prepare for the Dec 31 end of the Brexit transition period with an information campaign titled: “The UK’s new start: let’s get... Read more »

Analysts say we’re long way from self-driving cars, despite Tesla’s claim

The road to fully self-driving vehicles remains riddled with obstacles, with years of refinements likely needed, despite Tesla founder Elon Musk’s claim to be able to produce one this... Read more »

Google can dodge EU probe into Fitbit deal with data pledge

Google may be able to stave off a full-scale EU antitrust investigation into its planned US$2.1 billion bid for Fitbit by pledging not to use Fitbit’s health data to... Read more »

Companies want Covid-19 law to protect businesses post-MCO

A coalition representing 20,000 companies wants protection against legal suits for being unable to fulfil contractual obligations as a result of the imposition of MCO. A coalition of 12... Read more »