TOKYO: Singapore’s Wuthelam Group will take majority control of Nippon Paint Holdings, spending1.19 trillion yen (S$15.6 billion) to raise its stake to just under 60 per cent from 39 per cent now, the Japanese company said in a statement on Friday (Aug 21). Wuthelam will become a majority shareholder through […]
Business
SINGAPORE: Singapore Airlines (SIA) and Changi Airport Group (CAG) have welcomed the Government’s decision on Friday (Aug 21) to ease restrictions on inbound travel from Brunei and New Zealand. From Sep 1, some travellers coming to Singapore from those two countries will not be required to serve a stay-home notice […]
SINGAPORE: Zoom Video Communications has opened a new data centre in Singapore, its first in Southeast Asia, it said on Tuesday (Aug 18).Use of Zoom’s video conferencing services has surged as huge numbers of people across the world work from home because of COVID-19 curbs, but the company has also […]
SAN FRANCISCO: TikTok on Monday (Aug 17) stepped up its defence against US accusations that the popular video app is a national security threat, denouncing what it called “rumours and misinformation” about its links to the Chinese government. The video-snippet sharing service launched an online information hub as its Chinese […]
VANCOUVER: Canada has released as much information as it legally can about the arrest of Huawei Chief Financial Officer Meng Wanzhou, the government’s lawyers said yesterday, as she sought more confidential documents relating to her 2018 detention. Meng, 48, was arrested in December 2018 at Vancouver International Airport on a […]
SINGAPORE: The Singapore Airlines (SIA) Group continues to feel the impact caused by the COVID-19 pandemic. On Monday (Aug 17), the company released figures which showed three of its carriers continuing to see sharp declines in passenger traffic for July. SIA Group said this was down to “severely curtailed” demand […]
WASHINGTON: The Trump administration announced on Monday (Aug 17) it will further tighten restrictions on Huawei Technologies, aimed at cracking down on its access to commercially available chips. The US Commerce Department actions, first reported by Reuters, will expand restrictions announced in May aimed at preventing the Chinese telecommunications giant […]
SINGAPORE: Motorists who travel regularly between Singapore and Malaysia could soon find it more convenient to do so with the launch of a new dual-currency contactless card by Singapore’s EZ-Link and Malaysia’s Touch ‘n Go. The dual-currency cross-border card, which the companies say is a first for the region, will […]
NEW DELHI: A top Facebook executive in India has filed a police complaint in New Delhi saying she is receiving death threats after a media report said she and the U.S. social network company allegedly favoured Prime Minister Narendra Modi’s ruling party. Ankhi Das, Facebook’s top public-policy executive in India, […]
That was until Covid-19, when the country’s low-key rubber industry — or more precisely, glove making — became one of the hottest on the planet. Malaysia has long been a place where vast fortunes have been amassed over time. The Kuoks, Tehs and Queks are custodians of palm oil, property […]