Complete overhaul for Malaysia Airlines
Change is the constant now at Malaysia Airlines as the carrier prepares for a complete overhaul.Christoph Mueller, the boss of Malaysia Airlines (MAS) who has done the hard part of dealing with...
View Article76% of working class get no pay raise in Taiwan
While protesters in Taiwan continue to fight for pay hikes, a report released yesterday by the Directorate-General of Budget, Accounting and Statistics (DGBAS) showed that in 2014, 76 per cent of the...
View ArticleProton continues to be a drag on parent company
PETALING JAYA - National automaker Proton continues to be a drag on owner DRB-Hicom Bhd's earnings, following a nearly 24 per cent year-on-year sales drop in the first fourth months of this year.Proton...
View ArticleCross-border online sales picking up steam
Shanghai leads Chinese cities in many areas, from per capita income to the number of skyscrapers. Now it has a new feather in its hat: its residents spend more than any other Chinese on cross-border...
View ArticleClik here to view.
More women shattering glass ceiling
Ma Yingying says women are increasingly making their mark in Chinese business.The 33-year-old chief executive officer and founder of Lux Shine Media Company, which stages modernized performances of...
View ArticlePhuket expects tourism rebound in last quarter of this year
The tourism business in Phuket continues to feel the pain from the global economic slowdown, but is expected to rebound in the final quarter of this year thanks to big cleaning days at beaches and new...
View ArticleNature Republic site most expensive property in Korea
Budget cosmetic brand Nature Republic's flagship store in Myeong-dong, central Seoul, was once again pegged as the priciest piece of real estate in the country, the Ministry of Land, Infrastructure and...
View ArticleChina, South Korea sign landmark FTA
China and South Korea signed a bilateral free trade agreement on Monday, the largest bilateral FTA deal for China in terms of volume.Under the agreement, China will abolish tariffs on 91 per cent of...
View ArticleMarket becomes driving force for foreign talents
Zhang Jianguo had opportunities in 2013 to talk face to face with more than 100 foreign experts in different fields and from different cities about their lives and work in China.As director of the...
View ArticleEnormous banking opportunities await HK
Relations between Hong Kong and the central government have been gone through some stormy waters recently. As well as signs that people in Hong Kong are less than delighted with the proposed...
View ArticleClik here to view.
Malaysia Airlines CEO Mueller says carrier is 'technically bankrupt'
KUALA LUMPUR - Malaysia Airlines is "technically bankrupt", its new German CEO said Monday as he outlined plans to stabilise the failing flag carrier including 6,000 job cuts."We are technically...
View ArticleSony executive criticised CEO Hirai of ahead shareholder meet
TOKYO - An influential former Sony Corp executive on Monday urged current Chief Executive Kazuo Hirai to focus on innovation than just restructuring in a letter criticising the Japanese firm's...
View ArticleClik here to view.
Messaging app LINE lures Singapore firms
If messaging app LINE had a creed, it would be to do everything but toe the line. The Japan-based, Korean-owned app whose rivals include WhatsApp and Viber had from day one resolved to not settle as...
View ArticleClik here to view.
OCBC takes big stake in micro-loan market
OCBC has taken significant market share in a micro-loan scheme where the government covers most of the risk involved in the loans, a senior banker told The Business Times.Called the OCBC Business First...
View ArticleHong Kong regulator fines BNP for not reporting HK$6 bln of cross trades
HONG KONG - Hong Kong's securities regulator has fined French bank BNP Paribas SA's Asian securities unit for failure to report more than HK$6 billion (S$1 billion) of cross trades to the city's stock...
View ArticleTop 10 largest banks in the world
Among the world's 100 largest banks, China takes the top spot with 13 in total, while the US comes second with 11. Canada is at third with six, followed by the UK, Japan, Spain, and France, according...
View ArticleClik here to view.
MAS sets out plan for 'hard reset', axes 6,000 jobs
MALAYSIA Airlines Berhad (MAS Bhd) laid out plans for a hard reset of the "technically bankrupt" airline, slashing some 6,000 jobs as it struggles to stay in business.The company sent out termination...
View ArticleClik here to view.
Finding it hard to grow?
For over a decade now, the government has made a concerted push to foster a culture of entrepreneurship here, with the aim of grooming a core of homegrown enterprises that can go on to be regional or...
View ArticleClik here to view.
Managing talent in a tough industry
Step out of the lift that takes you to Pesbusters' office, and you are greeted by a giant painting of a furry rat. There's little doubt of what the staff at Pestbusters do.In contrast to the drab, grey...
View ArticleClik here to view.
Mixed views about direction of market in June
May was a largely forgettable month for the local stock market, with the Straits Times Index (STI) labouring to a 95 points or 2.7 per cent loss at 3,392 over the four weeks.A bursting equity bubble in...
View Article