Business

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 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 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

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 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 22, 2019

Singapore hanged a Malaysian heroin trafficker on Friday, despite appeals from his homeland to stay a “heart-wrenching” execution that critics said was too extreme for a low-level drug mule. The city-state, known for strict enforcement of laws and low crime rates, steadfastly maintains that capital punishment is an effective deterrent against crime despite appeals from […]

Straits Herald November 21, 2019

by Esther Chan / Rachel Blundy Murder disguised as suicide. A secret massacre at a subway station. Impending ‘terrorist’ attacks: false news online is amplifying fear and confusion in Hong Kong as months of pro-democracy unrest turns increasingly violent in the real world. Using half-truths, carefully-edited video, and selective reporting, both the pro-democracy and pro-Beijing […]

Straits Herald November 20, 2019

Almost 700 Chinese nationals were arrested in Malaysia when authorities raided a building and busted a major online investment scam operation, immigration officials said Thursday. With a fairly open visa regime and relatively developed telecommunications infrastructure, Malaysia has become a hotspot for foreigners looking to set up centres to run online scams. Some suspects attacked […]

Straits Herald November 19, 2019

Officials in one Indonesian city have hatched a plan to wean children off smartphones — by giving them their own fluffy chicks to raise. Around 2,000 four-day-old chicks will be handed out to pupils at elementary and junior high schools in Bandung in the coming weeks in an attempt to distract the kids from their […]

Straits Herald November 18, 2019

Japan’s Z Holdings, formerly Yahoo Japan, will merge with mobile chat app operator Line, the firms said Monday, in a bid to boost the customer base for their digital services. Mobile operator SoftBank Corp, the parent of Z Holdings (ZHD), and South Korea’s Naver, Line’s parent company, agreed the merger of ZHD and Line, SoftBank […]

Straits Herald November 17, 2019

by Erwan Lucas Gamers were counting down to Tuesday’s launch of Google’s feature-rich, on-demand offering Stadia. But is its bang as big as its much-advertised buck? AFP had a chance to gain a first impression at the web behemoth’s Paris office in advance of the launch as Google bids to raise the bar to new […]

Straits Herald November 17, 2019

by Rob Lever Governments around the world are increasingly using social media to manipulate elections and monitor their citizens, in a worrisome trend for democracy, a human rights watchdog said Tuesday. An annual report on online freedom by the nonprofit group Freedom House found evidence of “advanced social media surveillance programs” in at least 40 […]

Straits Herald November 16, 2019

Two restaurants in Bangkok have each earned a pair of coveted Michelin stars, the first time the leading guide has awarded the accolade to local establishments offering Thai cuisine. Located in Bangkok, the restaurants Sorn and R-Haan were upgraded from their previous one-star rating in the third edition of the “Michelin guide in Thailand”, unveiled […]

Straits Herald November 15, 2019

by Rob Lever / with Thomas Urbain in New York Michael Bloomberg’s likely run for the presidency would create a hornet’s nest of practical and ethical problems for his company, which as one of the world’s biggest news organizations would be thrust into coverage of its owner. A campaign could set up unusual challenges for […]

Straits Herald November 15, 2019

by Haeril Halim Indonesian Mirnawati once ate rice with every meal, but its link to diabetes convinced her to join a growing movement to quit a staple food in the third biggest rice-consuming nation on Earth. As World Diabetes Day is held Thursday, the Southeast Asian nation is struggling to tackle a disease that affects […]

Straits Herald November 14, 2019

by Danny Kemp Investigators looking into the downing of flight MH17 over Ukraine released intercepted phone calls on Thursday showing close links between “high-ranking” Russian officials and rebel suspects facing trial over the crash. The international probe said the communications raised questions about the possible involvement of top officials in Moscow in the deployment of […]