Saturday, December 1st, 2018


US judge gives preliminary OK to US$48m VW investor settlement

WASHINGTON, Dec 1 — A US judge in California has granted preliminary approval to a US$48 million (RM200.6 million) settlement for investors who said Volkswagen AG made false and misleading statements over its excess diesel emissions. Lawyers for…

Chinese official says 'consensus steadily increasing' in US trade talks

BUENOS AIRES, Dec 1 — Chinese and US officials negotiating easing trade tensions between the world’s two biggest economies were making progress yesterday but differences remain, a Chinese official told reporters on the sidelines of the G20…

Oil tumbles on supply glut; Wall Street up on G20 comments

NEW YORK, Dec 1 — Oil prices retreated yesterday amid a global glut, racking up a 20 per cent drop for November, while world equity markets were mixed ahead of weekend talks between US President Donald Trump and Chinese leader Xi Jinping. US…

Trade deal possible at G20 but US must be ‘fair minded’

SHANGHAI: China and the United States can reach a trade agreement at the G20 meeting in Argentina this week, the state-run China Daily newspaper said in an editorial yesterday, but Washington must be “fair minded” if it wants to defuse spiralling tensions. “Beijing wants a deal, just as Washington does. And it is willing to […]

Growing interest among Polish investors for Malaysia

KUALA LUMPUR: There is growing interest among Poland’s investors to invest and expand their businesses in Malaysia due to the strategic location, ease at doing business and cost competitiveness, says Polish Ambassador to Malaysia, Krzysztof Debnicki. He said Malaysia would be a good platform for Polish companies, especially the medium-sized, to begin business forays and […]

Third quarter sees revenue, profit surge for HSL Group

KUCHING: The third quarter ended September 30, 2018 (3Q18) has seen further revenue and profit gains for Sarawak-based marine engineering and infrastructure specialist Hock Seng Lee Bhd (HSL). “We have been focused on project execution and our mega-projects are progressing well into their mid-phases. “This progress has translated to strong financial results for the quarter,” […]

16 agriculture commodities record over 100 per cent SSR

KUALA LUMPUR: A research conducted by the Department of Statistics has shown that 16 out of 33 selected agricultural commodities have a self-sufficiency ratio (SSR) of more than 100 per cent in 2017. Chief statistician Datuk Seri Dr Uzair Mahidin said the agricultural commodities were divided into three categories, namely crops (fruits and vegetables), livestock […]

PIC creates history with highest safe man-hours recorded

KUCHING: The Pengerang Integrated Complex (PIC), Petroliam Nasional Bhd’s (Petronas) largest downstream investment, created history by achieving the highest safe man-hours of 120 million, entering the Malaysia Book of Records under the “Human Achievements” category. The incident-free man-hours was clocked from March 18, 2018 to November 5, 2018. The momentous occasion was celebrated in the […]

Micron’s new facility to offer 1,000 high-value jobs

GEORGE TOWN: Micron Technology Inc’s new centre of excellence for solid state drive (SSD) assembly and test in Batu Kawan is expected to create 1,000 high-value jobs in the electrical and electronics (E&E) sector once it is completed in 2021. Penang Chief Minister Chow Kon Yeow said Micron would invest RM1.5 billion in Penang within […]