Business

Straits Herald March 22, 2020

Malaysia has deployed the army to support police in enforcing tough restrictions to halt the spread of the coronavirus as cases in the country surged above 1,000. People have been told to stay at home and all schools and most businesses have closed, while Malaysians are barred from travelling overseas and foreigners from entering the […]

Straits Herald March 17, 2020

Malaysia has its first COVID-19 death today (17 Mar). The victim, a 60 years old Pastor from Emmanuel Baptist Church Kuching passed away at 11.00 am at Sarawak General Hospital. The Sarawak State Health Department is still in the process to identify the source of his infection. Meanwhile, 193 close contacts of the deceased have […]

Straits Herald March 16, 2020

Malaysia has announced a nationwide Travel Restriction Order from 18th to 31st March 2020. This is made to control the ongoing spread of Covid-19, the ever-sprawling problem of the coronavirus. The announcement was made by Prime Minister Muhyiddin Yassin in a televised speech at 10pm Monday (16th March). Muhyiddin stressed that this is not a […]

Straits Herald March 14, 2020

Apple today announced it will host its annual Worldwide Developers Conference in June. Now in its 31st year, WWDC 2020 will take on an entirely new online format packed with content for consumers, press and developers alike. The online event will be an opportunity for millions of creative and innovative developers to get early access […]

Straits Herald March 14, 2020

Dutch national airline KLM said Friday it will cut up to 2,000 jobs as it battled the impact of the new coronavirus outbreak, and announced other cost-cutting measures. Chief executive Pieter Elbers said KLM — which has around 33,000 employees — will also ask personnel to work shortened hours, while grounding its fleet of six […]

Straits Herald March 11, 2020

Oil prices seesawed in early Asian trade Wednesday, a day after a strong rebound from a major rout triggered by the start of a price war between Riyadh and Moscow. West Texas Intermediate fluctuated between small losses and gains, with the price hovering around $34 a barrel, while Brent crude was up around 0.5 percent […]

Straits Herald March 6, 2020

Malaysia’s anti-corruption chief, who had been investigating scandal-hit state fund 1MDB, said Friday she had resigned after a reformist government collapsed and a graft-tainted party took power. The “Pact of Hope” alliance, which stormed to a historic victory in 2018 and ousted a long-ruling coalition, fell apart amid infighting last week and prime minister Mahathir Mohamad […]

Straits Herald March 5, 2020

by Roland Jackson British regional airline Flybe crashed into bankruptcy Thursday after the deadly coronavirus proved to be the final nail in its coffin. The biggest operator of UK domestic flights said it has sunk into administration — a last-ditch process aimed at salvaging at least some of the company. And with the carrier long […]

Straits Herald March 4, 2020

by Haeril Halim No one was more surprised to learn that Dimas Prayitno owned a Rolls-Royce than the 21-year-old Indonesian himself, who was baffled when told he owed $15,000 in taxes on the luxury vehicle. But a look at the construction worker’s home in a rundown neighbourhood quickly convinced officials that Prayitno was the latest […]

Straits Herald February 26, 2020

by Glenn CHAPMAN Walt Disney Co. said Tuesday chief Bob Iger was handing off the top executive post after building the media-entertainment powerhouse into the undisputed Hollywood leader. Disney’s board named Bob Chapek, a 27-year veteran of Disney, the new chief executive, effective immediately. Iger, who has been CEO for 15 years, will assume the […]

Straits Herald February 25, 2020

Three units of Goldman Sachs pleaded not guilty Monday in Malaysia over the investment bank’s alleged role in the multi-billion-dollar scandal at the country’s sovereign wealth fund 1MDB, official media reported. Huge sums were allegedly looted from the Malaysian fund in a globe-spanning fraud, which reportedly involved ex-leader Najib Razak and his inner circle. Goldman’s […]

Straits Herald February 15, 2020

by Martin Abbugao Asian plane makers have thrown huge sums at building jets but flagship projects have suffered repeated setbacks, and they face a tough time breaking into a market dominated by established players. The Asia-Pacific region is the world’s biggest aviation market for commercial aircraft and Japanese and Chinese firms have embarked on programmes […]

Straits Herald February 14, 2020

by Valentin Bontemps / Pierre Donadieu Cancel, delay or go ahead: the organisers of industry events are faced with a difficult choice as international gatherings of thousands or even of tens of thousands of people pose a risk of spreading the COVID-19 virus. The cancellation of the Mobile World Congress due to have been held […]

Straits Herald February 14, 2020

by Rob Lever Chinese tech giant Huawei was hit Thursday with fresh US criminal charges alleging a “decades-long” effort to steal trade secrets from American companies. A US indictment unsealed in New York alleges Huawei and its proxies conspired “to misappropriate intellectual property” from six US firms as part of a strategy to grow and […]

Straits Herald February 12, 2020

by Rob Lever A US regulatory agency said Tuesday it would review acquisitions made by five Big Tech firms over the past decade — opening the door to a wave of potential antitrust investigations. The bombshell announcement by the US Federal Trade Commission opens the door to fresh scrutiny of deals made by Amazon, Apple, […]

Straits Herald February 12, 2020

Boeing reported Tuesday no new plane orders in January and a drop in jet deliveries as the protracted grounding of the 737 MAX continued to weigh on the company. The aerospace giant booked orders for 45 jets in January 2019, but none during that period this year, according to its website, the latest bit of […]

Straits Herald February 12, 2020

by Laurent Thomet and Jing Xuan Teng The death toll in China from the new coronavirus epidemic jumped on Wednesday, as the chief of the World Health Organization urged countries to work together against the “grave threat” posed by the outbreak. The WHO is holding a conference in Geneva on combating the virus, which has […]

Straits Herald February 10, 2020

Hindus gathered in temples across Malaysia on Saturday to celebrate the annual Thaipusam festival, with many piercing their bodies with hooks and skewers, despite concerns about the deadly coronavirus outbreak. Massive crowds descended on the Batu Caves temple complex on the outskirts of capital Kuala Lumpur to participate in the event, where Hindus showcase their […]

Straits Herald February 9, 2020

by Thanaporn Promyamyai / Dene Chen A Thai soldier who killed at least 26 people before being shot dead in a mall by commandos went on the rampage because of a debt dispute, the kingdom’s premier said Sunday, offering the first official motive for the “unprecedented” shooting spree. Sharp-shooters brought an end to a 17-hour-ordeal […]

Straits Herald February 9, 2020

by Jocelyne Zablit Can the black comedy “Parasite” win South Korea its first Oscar ever? Will Laura Dern become the first in her acting family to nab an Oscar statuette? Here’s a look at some interesting facts and trivia ahead of the 92nd Academy Awards being held Sunday in Hollywood: ‘Parasite’ aims big “Parasite” already […]

Straits Herald February 8, 2020

by Paul Ricard and Brigitte Castelnau Chinese researchers investigating the animal origin of the deadly coronavirus outbreak in China said Friday the endangered pangolin may be the “missing link” between bats and humans, but other scientists said the search may not be over. An earlier study — since discredited — pointed to snakes, and there […]

Straits Herald February 6, 2020

Receiving money to “offset” buying planes and equipment did not necessarily constitute bribery, Malaysia’s prime minister said Thursday, days after AirAsia boss Tony Fernandes stepped aside temporarily in the wake of a $4 billion Airbus graft scandal. AirAsia founder and CEO Fernandes and company executive chairman Kamarudin Meranun deny allegations of misconduct, but have stepped […]

Straits Herald February 6, 2020

The former chief of Sri Lanka’s national carrier was arrested Thursday over allegations he received bribes for a multi-billion-dollar Airbus aircraft deal, as the fallout from corruption probes into the aviation giant grew. The country’s president ordered an investigation into the purchase after court documents mentioned SriLankan Airlines in corruption probes into Airbus. A French court […]

Straits Herald February 6, 2020

Malaysia’s former first lady, who allegedly bankrolled a luxurious lifestyle with kickbacks and stolen public money, went on trial Wednesday for corruption for the first time since her husband lost power. Rosmah Mansor, notorious for making overseas shopping trips and owning vast collections of handbags and jewellery, became a lightning rod for public anger as […]