Straits Herald

Straits Herald December 12, 2019

Twitter co-founder Jack Dorsey is funding research aimed at changing the way information circulates on social media — with the goal of combating online violence, hate and disinformation. Dorsey on Tuesday announced he would fund an independent team of five architects, engineers, and designers — dubbed Bluesky — to develop an “open and decentralized standard […]

Straits Herald December 11, 2019

by Anuj Chopra Saudi Aramco’s shares soared on their debut on the domestic stock exchange Wednesday, becoming the world’s biggest listed company worth $1.88 trillion after a record-breaking IPO. Aramco had priced the initial public offering at 32 riyals ($8.53) per share, raising $25.6 billion and eclipsing Alibaba’s $25 billion IPO of 2014 to become […]

Straits Herald December 10, 2019

Forest fires that raged across Indonesia dented Southeast Asia’s biggest economy to the tune of some $5.2 billion, the World Bank said Wednesday, not including the health impacts from toxic haze that sent air quality plummeting. The fires are an annual problem but this year was the worst since 2015 due to dry weather, with […]

Straits Herald December 10, 2019

The Ministry of Health of Malaysia yesterday announced a case of polio in Tuaran District in Sabah state, Malaysia. Testing has confirmed that the virus is genetically linked to poliovirus currently circulating in the southern Philippines. The patient, a 3-month-old male child, developed fever and paralysis on 26 October. On 6 December, testing conducted by […]

Straits Herald December 9, 2019

Supermarket chain Tesco, Britain’s biggest retailer, said Monday that it was looking to sell its businesses in Thailand and Malaysia. “Tesco… confirms that, following inbound interest, it has commenced a review of the strategic options for its businesses in Thailand and Malaysia, including an evaluation of a possible sale of these businesses,” the company said […]

Straits Herald December 8, 2019

Malaysia has reported its first polio case in 27 years, health authorities said Sunday, announcing a three-month-old baby had been diagnosed on Borneo island. The Malaysian health ministry’s director-general, Noor Hisham Abdullah, said the baby from Tuaran in eastern Sabah state had been admitted into intensive care after experiencing fever and muscle weakness. “The patient […]

Straits Herald December 7, 2019

Democratic presidential hopeful Michael Bloomberg on Friday defended the policy implemented by his news agency to steer clear of investigating him, saying doing so would not be credible. Bloomberg told CBS News he “hired somebody outside” to run the Bloomberg News organization and establish policies for ethics. “People have said to me, ‘How can you […]

Straits Herald December 6, 2019

Google has banned political ads in Singapore ahead of elections, an opposition party said Wednesday, sparking accusations the tech giant was “kowtowing” to the tightly-controlled city’s government. The ban was imposed under controversial new rules aimed at fighting disinformation in the city-state, which critics fear could be used to stifle dissent. General elections are widely […]

Straits Herald December 5, 2019

The finance and media group Bloomberg said Thursday it fixed what it termed a glitch in its market information terminals that directed users to presidential candidate Michael Bloomberg’s campaign website by typing in the letters “MIKE.” The company, which operates a major network for financial market data as well as a news organization, said it […]

Straits Herald December 4, 2019

by Julie Jammot / with Rob Lever in Washington Google chief executive Sundar Pichai will assume the CEO role at parent firm Alphabet in a shakeup at the top of the Silicon Valley titan, the company said Tuesday. Pichai will take over from Larry Page, a co-founder of the internet giant, at the holding firm […]

Straits Herald December 4, 2019

by Michael Mathes Democrat trailblazer Kamala Harris pulled the plug on her US presidential campaign Tuesday after a promising start to her bid was eroded by underperforming in a crowded field and a failure to raise sufficient funds. The exit of the progressive senator leaves 15 candidates in the battle to see who challenges President […]

Straits Herald December 3, 2019

by M Jegathesan Former Malaysian leader Najib Razak took the stand to defend his conduct in the 1MDB scandal Tuesday, as the first of several trials linked to the multi-billion-dollar fraud entered a crucial stage. Huge sums were stolen from sovereign wealth fund 1Malaysia Development Berhad, allegedly by the ex-prime minister and his cronies, and […]

Straits Herald December 2, 2019

Oil prices tumbled Friday on expectations OPEC next week won’t take aggressive action to boost oil prices, while global equities pulled back on trade war worries.  Both the US and European benchmark contracts for oil fell ahead of the December 5 meeting of the Organization of the Petroleum Exporting Countries in Vienna where analysts expect […]

Straits Herald December 2, 2019

Saudi oil giant Aramco said on Friday that applications from private investors for its planned stock market offering had been oversubscribed. The much-delayed initial public offering, first announced in 2016, is a cornerstone of Saudi Crown Prince Mohammed bin Salman’s ambitious plan to diversify the Gulf state’s oil-reliant economy. The IPO could exceed the world’s […]

Straits Herald December 1, 2019

Saudi Arabia became the first Arab nation Sunday to take over the G20 presidency as it seeks to bounce back onto the world stage following global uproar over its human rights record. The oil-rich kingdom has promoted a liberalisation drive, including granting greater rights to women, but faced strong criticism over a crackdown on dissent […]

Straits Herald December 1, 2019

by Juliette Michel Could it be the trade war? What about next year’s US presidential election? For famed investor Steve Eisman, the cause of the next recession is up in the air. “It’s too hard to predict at this point,” said Eisman, who anticipated the 2008 financial crisis and served as the basis for Steve […]

Straits Herald November 30, 2019

Singapore authorities Friday ordered Facebook to correct an article on a fringe news site containing “scurrilous accusations” of election rigging, ramping up their use of a controversial law against misinformation. The social media giant, which has previously expressed concerns about the legislation, did not respond to requests for comment and the article was still on […]

Straits Herald November 29, 2019

Oil prices tumbled Friday on expectations OPEC next week won’t take aggressive action to boost oil prices, while global equities pulled back on trade war worries.  Both the US and European benchmark contracts for oil fell ahead of the December 5 meeting of the Organization of the Petroleum Exporting Countries in Vienna where analysts expect […]

Straits Herald November 28, 2019

by Olga Shylenko with Anna Malpas in Moscow Ukraine has lashed out at Apple for showing the annexed Crimea peninsula as part of Russia, saying the US tech giant did not “give a damn” about the pain of the Ukrainian people. Russian lawmakers said on Wednesday that Apple had complied with a demand from Moscow […]

Straits Herald November 28, 2019

The parent company of Premier League champions Manchester City has been given a global record sports valuation of £3.73 billion ($4.8 billion) after US equity firm Silver Lake acquired just over 10 percent of the company on Wednesday. Silver Lake have signed a definitive agreement to make a £389 million ($500 million) investment in City […]

Straits Herald November 27, 2019

by Sam Reeves Companies that make top brands including Kit Kat chocolate and Dove soap may face fines if they fail to buy more green palm oil under new rules aimed at improving the controversial industry’s environmental sustainability. Green groups cautiously welcomed the move from the Roundtable on Sustainable Palm Oil (RSPO), a watchdog that […]

Straits Herald November 26, 2019

Chinese online retail giant Alibaba surged Tuesday as it drew back the curtain on a Hong Kong listing the firm described as a vote of confidence in the embattled city. The long-delayed trading day got off to a glitzy start with chief executive officer Daniel Zhang joined on stage at a stock exchange ceremony by […]

Straits Herald November 25, 2019

Britain has agreed to take back 42 containers of plastic waste illegally exported to Malaysia, officials said Monday, as several Asian nations push back against becoming the world’s trash dump. Southeast Asia has been flooded with plastic from more developed nations such as the US and Australia since last year when China — which boasted […]

Straits Herald November 24, 2019

Jakarta’s ex-governor, who was jailed for nearly two years on controversial blasphemy charges, was tapped Friday to oversee executives at Indonesian energy firm Pertamina, media reports said, after it was hit by graft scandals. Basuki Tjahaja Purnama, better known as Ahok, will reportedly serve as head of state-owned Pertamina’s six-member board of commissioners. The appointment […]