Straits Herald August 23, 2019

US toymaker Hasbro announced Thursday that it is acquiring studio Entertainment One, which owns popular cartoon series “Peppa Pig” among other children’s content, for approximately $4 billion. Under the all-cash transaction, Entertainment One shareholders will receive 5.6 pounds ($6.86) per share, according to a statement from Hasbro. In addition to Peppa Pig, the popular swine […]

Straits Herald August 23, 2019

Weaker trade and investment weigh on GDP growth, despite stable private and public consumption. Leading Moody’s to make downward changes to full-year GDP forecasts for 2019-2020.Moody’s Investors Service has — in a newly released report — revised downwards its GDP growth forecast for 16 economies in Asia Pacific. Of the 16, Hong Kong and Singapore have shown particularly […]

Straits Herald August 23, 2019

Sri Lanka’s central bank cut its main lending rate Friday for the second time in three months hoping to lift the economy as its struggles in the wake of the devastating Easter attacks that hit the key tourism sector. The Central Bank of Sri Lanka (CBSL) said the rate at which it lent to commercial […]

Straits Herald August 22, 2019

Malaysian daily, The Star, has reported that the first reshuffle of the Pakatan Harapan Cabinet is due anytime and a few ministers will be changing their portfolios. Citing sources, The Star reported that the Prime Minister Tun Dr Mahathir Mohamad announced this during the Cabinet meeting yesterday. “The announcement of a reshuffle was minuted in […]

Straits Herald August 22, 2019

by Robert Marin / AFP Indonesia’s Papua was hit by fresh unrest Wednesday as more than 1,000 security personnel were sent to the restive region after violent protests that saw buildings torched and street battles between police and demonstrators. Jakarta has called for calm in its easternmost territory — where an insurgency against Indonesian rule […]

Straits Herald August 22, 2019

Sony Interactive Entertainment on Monday announced a deal to buy Insomniac Games, the studio behind hot-selling “Spider-Man” and “Ratchet & Clank” video games. Sony did not disclose financial terms of the acquisition that will add Insomniac to its stable of studios making games exclusively for the Japanese consumer electronics giant’s PlayStation consoles. “Insomniac Games is […]

Straits Herald August 22, 2019

Singapore will next week begin a public trial of driverless buses that can be booked with an app, part of ambitions to roll out autonomous vehicles across the city-state. Well-organised and high-tech, Singapore has become a testbed for self-driving vehicles, developing home-grown technology and inviting foreign companies to trial their own. Four driverless mini-buses will […]

Straits Herald August 22, 2019

by Glenn CHAPMAN / AFP Apple on Tuesday launched a smartphone-generation credit card in the US and moved closer to hitting the hot streaming television market with a new subscription service. The moves come as Apple shifts to emphasize digital content and other services to offset a pullback in the once-sizzling smartphone market. Arrival of […]

Straits Herald August 22, 2019

Facebook on Tuesday confirmed plans for a News Tab that will be edited by seasoned journalists, in a departure from its longstanding practice of letting algorithms dictate a user’s experience. A human team will select relevant, reliable breaking and top news stories. Other sections of the tab will rely on algorithms to figure out a […]

Straits Herald August 21, 2019

by Anne BEADE / AFP Once a pioneer in cashless transactions, Japan is now lagging behind as the world’s biggest economies increasingly embrace electronic payments — because its ageing population still prefers physical money. Four out of five purchases are still made with cash in Japan, despite its reputation as a futuristic and innovative nation. […]

Straits Herald August 21, 2019

US President Donald Trump has confirmed he is keen to buy Greenland, an autonomous Danish territory rich in natural resources and of increasing geopolitical relevance as the Arctic ice sheet melts.  But Denmark, a NATO ally, swiftly retorted that the island, located between the North Atlantic and Arctic oceans, is not for sale, prompting Trump […]

Straits Herald August 20, 2019

An Airbus A220-300 flight test aircraft will visit six Asian destinations as part of a demonstration tour across the region. After a stopover at Seoul’s Incheon Airport the aircraft heads to Yangon (Myanmar), the first location of the demonstration tour. The aircraft will then visit Hanoi (Vietnam), Bangkok (Thailand) and Kuala Lumpur (Malaysia) before heading north to […]

Straits Herald August 18, 2019

Time is running out for Jakarta.  One of the fastest-sinking cities on earth, environmental experts warn that one third of it could be submerged by 2050 if current rates continue. Decades of uncontrolled and excessive depletion of groundwater reserves, rising sea-levels, and increasingly volatile weather patterns mean swathes of it have already started to disappear. […]

Straits Herald August 18, 2019

by Jerome TAYLOR / AFP Hong Kong democracy activists are hoping to get out a huge crowd later Sunday in a bid to show the city’s leaders that their protest movement remains defiant despite increasingly stark warnings from Beijing. Ten weeks of demonstrations have plunged the international finance hub into crisis and communist-ruled mainland China […]

Straits Herald August 17, 2019

AirAsia announced a leadership reorganisation in support of its transformation into a travel and financial platform company and to build airasia.com into a lifestyle brand. AirAsia Group Berhad CEO Tony Fernandes appointed as CEO of airasia.com AirAsia Group Berhad Deputy CEO (Airlines) Bo Lingam will continue to lead the airline business as AirAsia Group Berhad […]

Straits Herald August 16, 2019

Thailand will pour more than $10 billion into the economy, the finance ministry said Friday, as a new government looks to kickstart sputtering growth after five years of junta rule. The once-vibrant Southeast Asian economy sagged after a 2014 coup and growth slowed to 2.8 percent in the first quarter of this year, the first […]

Straits Herald August 16, 2019

The Malaysian economy grew by 4.9% in the second quarter of 2019 The economy recorded a stronger growth of 4.9% in the second quarter (1Q 2019: 4.5%), supported by higher household spending and private investment. On the supply side, the mining sector rebounded, driven mainly by the recovery in natural gas output. Growth in the manufacturing […]

Straits Herald August 16, 2019

Singapore further cut its annual growth forecast on Tuesday as the escalating US-China trade war hammers exports, in another ominous sign for Asia’s trade-reliant economies. The government said it expected growth of 0.0-1.0 percent this year, sharply down from the 1.5-2.5 percent previously estimated, marking the second downward revision this year. The economy expanded 3.2 percent […]

Straits Herald August 16, 2019

A Singaporean firm was charged Thursday with supplying large amounts of alcohol to North Korea in violation of UN sanctions, the latest case of illicit trade between the countries. SINSMS Pte Ltd, an affiliate of a Chinese company, illicitly shipped wines and spirits worth about Sg$665,000 ($480,000) to the North four times in 2016 and […]

Straits Herald August 16, 2019

Malaysia on Thursday renewed the operating licence of a controversial Australian-run rare earths plant for six months despite concerns from green groups about the impact of radioactive waste it produces. Lynas hopes its plant, which has processed rare earths from Australia since 2012, can reduce Chinese dominance in the market for the materials. Rare earth […]