Taiwan’s GlobalWafers is set to build a new semiconductor wafer factory in Texas, leveraging into the subsidies on offer from the new CHIPS Act signed into law by President Joe Biden on August 9. GlobalWafers is expected to spend about US$2 billion on the facility initially and $5 billion eventually as wafer production, sales […]
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Best Minister Prayut Chan-o-cha and government authorities on Friday was released in defence of the Office of the Excellent Minister’s spending on ads, after it was positioned 13th out of 20 agencies for most advertisement spending in the country based on a recent poll simply by US-based research firm Nielsen.Continue Reading
Prime Minister Prayut Chan-o-cha and government officials on Friday defended spending by the Office of the Prime Minister on advertising, after it was ranked 13th out of 20 businesses and organisations for the highest ad spending in the country according to a recent poll by the US-based research firm Nielsen.Continue Reading
KUALA LUMPUR: AirAsia X Bhd (AAX) posted a net loss of RM652.51mil, or loss per share of 157.30 sen in the fourth quarter ended June 30. Read full storyContinue Reading
KUALA LUMPUR: The ringgit closed the week on a softer note weighed by the continuous strengthening of the US dollar, riding on the minutes of the Federal Reserve that indicated the central bank would continue to raise its interest rates. Read full storyContinue Reading
TOKYO – As China scrambles to stimulate growth, it’s comforting to see Chinese Premier Li Keqiang internalizing – apparently – the works of Milton Friedman. How so? By recalling the Nobel Prize-winning economist’s edict that a crisis is a terrible thing to waste. This week, Li called on local officials in six key provinces to […]
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KUALA LUMPUR: Tenaga Nasional Bhd (TNB) and Petroliam Nasional Bhd (PETRONAS) have signed a memorandum of understanding (MoU) to strengthen collaboration in driving innovative solutions towards decarbonisation in support of Malaysia’s aspirations to be a carbon-neutral nation by 2050. Read full storyContinue Reading
KUALA LUMPUR: Bursa Malaysia ended the week broadly lower, driven by persistent profit-taking, mostly seen in telecommunications and healthcare companies, amid cautious sentiments in the regional markets, dealers said. Read full storyContinue Reading
This week’s minutes and comments from a number of Fed top brass reinforced that view, with some pouring cold water on hopes for possible rate cuts in the new year. All eyes are now on next week’s central bankers’ symposium in Jackson Hole, Wyoming, where finance chiefs and central bankersContinue Reading
Troubled crypto lender and borrower Hodlnaut on Friday (Aug 19) laid off about 40 employees since pausing crypto withdrawals and disclosed an investigation by the Singapore police. The company, which applied for a form of creditor protection last week, did not reveal further details about the police proceedings. “While HodlnautContinue Reading