Consumer Product

Straits Herald January 2, 2020

by Glenn Chapman / Julie Jammot / with Rob Lever in Washington The screens will be bigger and bolder, the cars will be smarter and some of the technology will be up-close and personal — even intimate. The 2020 Consumer Electronics Show opening in Las Vegas will be crammed with the latest in connected devices, […]

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 October 24, 2019

Tens of thousands of pieces of plastic littering the planet come from just a handful of multinational corporations, an environmental pressure group said Wednesday. Coca-Cola, Nestle and PepsiCo were named by Break Free from Plastics, a global coalition of individuals and environmental organisations, who warned the companies largely avoid cleanup responsibility. The coalition’s volunteers collected […]

Straits Herald October 16, 2019

Chinese tech giant Huawei said on Wednesday that its revenue for the first nine months of the year grew by almost a quarter despite a US campaign to isolate the company globally. Huawei’s revenues jumped 24.4 percent on-year to 610.8 billion yuan ($86.2 billion) and its profit margin increased 8.7 percent, it announced. Huawei, based […]

Straits Herald October 15, 2019

by Cecil MORELLA A diet heavy on cheap, modern food like instant noodles that fills bellies but lacks key nutrients has left millions of children unhealthily thin or overweight in southeast Asia, experts say. The Philippines, Indonesia and Malaysia have booming economies and rising standards of living, yet many working parents do not have the […]

Straits Herald October 3, 2019

Malaysia’s competition watchdog on Thursday threatened to hit Grab with a $21 million (RM87 million) fine for practices that allegedly reduce competition, the latest problem for the ride-hailing giant. Grab is the biggest ride-hailing firm in Southeast Asia, and has strengthened its hold on the market since buying US rival Uber’s operations in the region […]

Straits Herald September 29, 2019

by Jean-Baptiste OUBRIER / AFP “Most of us in Peterborough know somebody who works for Thomas Cook,” said Phil Dobbs, a human resources manager who works in the city, home to the collapsed travel firm. Peterborough in Cambridgeshire, eastern England, has rushed this week to help the 1,000 staff who lost their jobs early Monday […]

Straits Herald September 29, 2019

by Andrea PALASCIANO / AFP While the US banned Huawei for alleged espionage and asked its allies to do the same, Moscow has rolled out the red carpet for the Chinese tech company, letting it develop 5G networks in Russia. Analysts say the move is as much a show of solidarity with Beijing against the […]

Straits Herald September 19, 2019

Chinese tech giant Huawei launches its latest high-end smartphone in Munich on Thursday, the first that could be void of popular Google apps because of US sanctions. Observers are asking whether a phone without the Silicon Valley software that users have come to depend on can succeed, or whether Huawei will have found a way […]

Straits Herald September 19, 2019

by Catherine KURZAWA / AFP Apple went on the offensive against Brussels in an EU court on Tuesday, fighting the European Commission’s landmark order that the iPhone-maker reimburse Ireland 13 billion euros ($14 billion) in back taxes. The EU’s tax demand, made three years ago, “defies reality and common sense,” Apple’s lawyer Daniel Beard told […]

Straits Herald September 14, 2019

Disney chief Bob Iger resigned from Apple’s board of directors as the companies are poised to launch rival online streaming services, according to a filing Friday with US regulators. Iger’s departure came the same day that the iPhone maker announced that its Apple TV+ subscription service with a budding library of original content will go […]

Straits Herald September 11, 2019

by Glenn CHAPMAN / AFP Apple unveiled its iPhone 11 models Tuesday with a price cut for the most basic models while also laying out plans for streaming and gaming services as it bids to weather the slump in the global smartphone market. Price appeared to be a key consideration as the tech giant reduced […]

Straits Herald September 10, 2019

Apple and its supplier Foxconn admitted they have been using too many temporary workers to staff an iPhone factory in central China, as a labour rights group accused them Monday of a number of workers rights violations. China Labor Watch said it had its investigators working inside the factory in the central Chinese city of […]

Straits Herald September 9, 2019

by Dan Martin / Kelly Wang – AFP Jack Ma steps down next week as chairman of Alibaba, but the start-up he built into and online retail behemoth is expected to keep thriving into a new era thanks to a culture of innovation he helped nurture. A former English teacher whose often playful image shattered […]

Straits Herald September 3, 2019

Beleaguered Chinese telecom giant Huawei on Tuesday denied accusations reported in the Wall Street Journal that it stole technology from a Portuguese inventor, accusing him of “taking advantage of the current geopolitical situation.”  The US Department of Justice is looking into the claim, potentially adding to existing criminal cases against Huawei, the WSJ reported last […]

Straits Herald August 29, 2019

Axiata Group Bhd posted a net profit of RM204.09 million in the second quarter ended June 30, 2019 (2QFY19), from a net loss of RM3.36 billion in the corresponding quarter last year. Filings to Malaysia’s Bursa, shows reported 2QFY19 earnings per share (EPS) of 2.2 sen, from loss per share (LPS) of 37.1 sen in […]

Straits Herald August 28, 2019

Key Results: Revenue grew 14.8% to RM540.4 million Growth recorded across all core customer groups Profit before tax (pre-MFRS 16) grew 23.5% TIME dotCom Berhad (“TIME” or “the Group”) recorded revenue of RM540.4 million for the period ended 30 June 2019, representing a 14.8% year-on-year growth. Higher sales were recorded across all core product segments. […]

Straits Herald August 27, 2019

Sime Darby has announced a second interim dividend of RM 0.07 sen per share and a special dividend of RM0.01 sen, is declared for FY2019. Together with the earlier interim dividend of RM0.02 sen per share, the total dividend for the year is RM0.10 sen per share. Sime Darby Berhad reported a net profit of […]

Straits Herald August 27, 2019

KEY HIGHLIGHTS  Turnover up by 2% to RM1.34 billion in the second quarter and 3.4% when adjusted for divestment of Chilled Dairy business. Robust domestic growth at 4.5% driven by innovation, strong festive sales and sustained consumer demand. Solid Profit After Tax at RM 156.9 million, even if slightly diluted vs Quarter 2, 2018, due […]

Straits Herald August 24, 2019

The Axiata-Telenor merger, poised to be one of the more exciting mergers in Corporate Malaysia, is now hanging in the balance. The Straits Herald spoke to two sources familiar with the matter and argues that this merger – while both parties are still at the negotiating table – is no longer viable to be pursued. […]

Straits Herald August 16, 2019

Twitter users will be able to follow a small number of interests by the end of the year in the same way they follow people, the company said Tuesday. The feature will be rolled out internationally as the one-to-many messaging platform prioritizes being an online venue for conversations rather than a pulpit for one-way broadcasting […]