SINGAPORE: Singapore’s Lovebonito Holdings, owner of the Love, Bonito female fashion brand and backed by investors including Chinese buyout firm Primavera Capital Group, is targeting opening its first US physical store next year, its top executive said. “The US is really one of the big bet markets for us thatContinue Reading
Western observers are mistaken in their tendency to overlook Turkmenistan, a resource-rich, strategically consequential country that borders such key regional players as Afghanistan, Iran, Kazakhstan and Uzbekistan and has a long coastline on the Caspian Sea. The country serves as one of the most important east-west and north-south transport and logistics hubs in Eurasia. Oddly, neither […]Continue Reading
Nippon Steel and ArcelorMittal, two of the world’s largest steel companies, have turned their attention to India and Thailand amid weakening demand in Japan and the energy crisis in Europe. The ArcelorMittal Nippon Steel India joint venture (AM/NS India) has announced two new initiatives to expand operations in India: New construction and capacity expansion of […]Continue Reading
KUALA LUMPUR: Bursa Malaysia extended its downtrend at the close for the fourth consecutive day today with the benchmark index hitting a new year-to-date low as cautious investors offloaded shares. Read full storyContinue Reading
Once a storied conglomerate, Toshiba has been weakened by accounting and governance scandals. Attempts to turn itself around have been overshadowed in recent years by discord between management and its many activist shareholders. The consortium will put up about 1 trillion yen in equity, with the rest likely to comeContinue Reading
To mark World Mental Health Day, this year’s CNA Leadership Summit throws the spotlight on mental health at work. Senior Minister of State for Communications and Information as well as Health, Dr Janil Puthucheary, will deliver the keynote address.Continue Reading
Entered a conditional SSA with DNB for 100,000 new ordinary shares
Upon fulfillment conditions to have 12.5% equity stake in DNBÂ The board of directors of Digi.Com Berhad (Digi) announced in a filing to Bursa Malaysia that Digi Telecommunications Sdn Bhd (DigiTel) has entered into a conditional share subscription agreement (SSA) with…Continue Reading
MNOs expected to make 5G services available to users from Oct 2022
DNB continues to work towards 80% coverage of populated areas by 2024 Finally. Malaysiaâs Digital Nasional Bhd (DNB) announced yesterday that four mobile network operators (MNOs) â Celcom Axiata Bhd, Digi Telecommunications Sdn Bhd, YTL Communications Sdn Bhd (YES), and…Continue Reading
KUALA LUMPUR: The Employees Provident Fund’s (EPF) total investment income tumbled 21%, or RM7.06bil to RM27bil in the first half to June 30, 2022 (1H22) from RM34.06bil in the corresponding period in 2021. Read full storyContinue Reading
TOKYO – As milestones go, the US national debt surging past the US$31 trillion mark is especially personal for Haruhiko Kuroda and Yi Gang. The leaders of the Bank of Japan (BOJ) and People’s Bank of China (PBOC), respectively, run the overseas institutions sitting on the largest stockpiles of US government bonds. Japan has $1.23 […]
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