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German parties offer Macron first response on Europe

BERLIN, Jan 12 — German Chancellor Angela Merkel’s conservatives and the Social Democrats pledged today to work closely with France to strengthen the euro zone, in Berlin’s first substantive response to President Emmanuel Macron’s…


Drones, clones and chocolate seen buoying palm oil planter

KUALA LUMPUR, Oct 30 — One of this year’s best-performing Malaysian palm oil plantation companies is looking to drones, clones and even other crops to overcome challenges from labor shortages and price volatility. “We started mitigating…


Sugar trade that made modern world longs for sweet hereafter

LONDON, March 16 — Europeans’ taste for sugar transformed the world. West Indies plantations built from the 17th century to feed demand drove a nexus of commerce, capital and manufacture that fomented the industrial revolution and modern…


China, India dominate LNG import growth, Shell’s outlook finds

China, India dominate LNG import growth, Shell's outlook finds

KUALA LUMPUR (Feb 20): China and India are two of the world’s fastest growing buyers of liquefied natural gas (LNG), with combined imports up by 11.9 million tonnes last year, according to Shell’s first LNG Outlook.

The assessment is drawn from independent industry data and internal analysis to gauge the global LNG market, said Shell in a statement today.

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Acclimating with Sarawak’s sharing economy

Owning properties are considered a boon for most people but for Sarawakian Reuben Yap, all was not well as he was struggling to figure out what to do with an unoccupied property he owned — a medium space spread out over four floors, located in the heart of Kuching’s city centre. While there was no […] Source: Borneo Post Online


Hurricane Matthew hammers western Haiti with deadly force

Hurricane Matthew hammers western Haiti with deadly force

LES CAYES, Haiti (Oct 4): The fiercest Caribbean storm in almost a decade ripped into Haiti’s southwestern peninsula early on Tuesday with 145 mile-per-hour (230 kph) winds and storm surges, killing at least one person and damaging homes.

The eye of the violent and slow-moving Category 4 storm was hovering over the western tip of Haiti, the US National Hurricane Center said, pounding coastal villages with strong gusts.

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Source: The Edge Markets


Puma expects even closer ties if Usain Bolt retires

BERLIN (July 27): German sportswear firm Puma is not worried about the possible imminent retirement of Usain Bolt, the highest profile athlete it sponsors, believing the Jamaican sprinter could be just as valuable off the track. “Usain is part of the Puma family,” Chief Executive Bjorn Gulden told reporters on Wednesday. “If he decides not to run, we will probably work even closer with him,” he said, adding Bolt would have more time for product development and could even take on a commercial role at Puma.Categories: Latest NewsManagementCorporateLifestyle Source: TheRead More


Local retailers face stiff competition from abroad

PETALING JAYA: The influx of foreign retailers have brought it more choice for consumers and more competition for the local retail scene, according to independent retail research firm Retail Group Malaysia managing director Tan Hai Hsin. “For example, the arrival and expansion of the likes of Zara and Cotton On have affected sales of local national chain fashion retailers such as Padini, Voir, Nichii, YFS. The expansion of these foreign retailers has also affected sales of other foreign retailers who have established themselves in Malaysia since the 1990s, including Giordano,Read More


World Bank: Fast action needed to lower economic impact of Zika

WASHINGTON: The World Bank said Thursday that a rapid response is necessary to minimize the impact of the Zika virus outbreak on the economies of Latin America and the Caribbean. With “a swift, well-coordinated international response,” the impact of the mosquito-borne disease will be modest, perhaps taking $3.5 billion, or 0.06 percentage points, off of gross domestic product (GDP) for the region this year. But the island countries of the tourism-dependent Caribbean, where the disease has spread rapidly, could be hit by losses of more than one percent of GDP,Read More


Heineken profits up 25 percent to 1.89b euros in 2015

THE HAGUE: Dutch brewing giant Heineken on Wednesday announced a 25-percent rise in net profits for 2015, on the back of higher sales and favourable exchange rates. The full-year net attributable profit was 1.89 billion euros ($2.13 billion), compared with 1.52 billion euros in 2014, while turnover was up 6.5 percent to 20.51 billion euros. Chief executive Jean-Francois van Boxmeer paid tribute to what he called the company’s “unique geographic diversity and our portfolio of premium brands.” The Amsterdam-based brewer had “continued to invest for future growth, by entering orRead More