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October 10, 2017 11:00 AM Netflix fends off criticism over Canada investment

REUTERS: Netflix Inc said on Tuesday it had received formal approval to set up a CUS$500 million production unit in Canada and sought to quell talk it had sought special tax benefits for investing in its first such unit outside the United States. The maker of Emmy winning shows like The Crown and Black Mirror last month announced the agreement with the Canadian 17

October 10, 2017 10:59 AM Cloudy outlook for new window tinting standard

PETALING JAYA: The Malaysia Window Film Association (MWFA) is concerned over the implementation of a new standard on tint film for automotive windows that is set to take effect from Jan 1, 2018. “We are urging the respective government ministries and agencies to review the MS2669 standard which was developed without industry players’ input and to defer 16

October 10, 2017 10:55 AM EU regulators to approve Atlantia, Abertis deal: Sources

MILAN/BRUSSELS: EU antitrust regulators are expected to clear without conditions Italian infrastructure group Atlantia's bid for Spanish Abertis to create the world's largest toll-road operator, three sources with knowledge of the matter said on Tuesday. The European Commission is set to announce its approval of the 16.3-billion-euro (US$19.2 billion) 13

October 10, 2017 8:00 AM 3 Sabah political leaders remanded 5 days in RM1.5bil graft probe

Teams of lawyers have been assembled to represent the detainees in court. KOTA KINABALU: Three Sabah political leaders were remanded for five days today in connection with investigations into the alleged misappropriation of RM1.5 billion allocated for rural projects in the state. Magistrate Cindy Balitus allowed the remand for Parti Warisan Sabah Youth 27

October 10, 2017 4:30 AM Ministry to send explanation letters to 3,600 retrenched MAS staff (Updated)

KUALA LUMPUR: The Human Resources Ministry is not obligated under the law to provide an explanation to the 3,600 Malaysia Airlines (MAS) staff who were laid off two years ago. Its minister Datuk Seri Richard Riot said a written explanation will be sent out to the retrenched staff through the ministry's Industrial Relations Department, adding that some 1,500 letters 20

October 10, 2017 3:55 AM Kenanga initiates coverage on Century with Outperform call

KUALA LUMPUR: Century Logistics Holdings stands to benefit from backing by shareholder CJ KOrea and a healthy balance sheet for long-term scalability, said Kenanga Research. CJ KOrea emerged as Century's largest shareholder after acquiring a 31.44% stake from Datuk RIchard Phua and family for a RM1.45 a share. shareholder. CJ Korea is currently the largest 26

October 10, 2017 3:41 AM Musk’s SpaceX lofts iridium satellites as 2017 target nears

The SpaceX Falcon 9 rocket, with the Dragon spacecraft on board launches from pad 39A at Nasa’s Kennedy Space Centre in Cape Canaveral, Florida June 3, 2017. — Reuters pic SAN FRANCISCO, Oct 10 — Elon Musk’s Space Exploration Technologies Corp successfully launched its 14th Falcon 9 rocket of the year, bringing the company a step closer to the 20 to 24 total 34

October 10, 2017 2:50 AM Hovid share price jumps on privatisation bid

PETALING JAYA: Shares of Hovid Bhd jumped 14.06% this morning, after it received a conditional voluntary takeover offer from its managing director David Ho Sue San and Fajar Astoria Sdn Bhd, which will result in the company being taken private. At 10.22am, the stock, which was among the top gainers, stood at 36.5 sen with 11.33 million shares changing 19

October 9, 2017 10:38 AM Qualcomm offers EU concessions over US$38bil NXP takeover bid

BRUSSELS: US smartphone chipmaker Qualcomm has offered concessions in an attempt to allay EU antitrust concerns over its US$38bil (RM160.8bil) bid for NXP Semiconductors, the largest ever in the semiconductor industry. Qualcomm, which supplies chips to Android smartphone makers and Apple, submitted its proposal on Oct 5, a filing on the European Commission 80

October 9, 2017 8:51 AM Intel is said to shutter its augmented-reality goggles brand

Intel Corp has closed its Recon brand of augmented-reality goggles for sporting and industrial applications, according to people familiar with the decision. The chipmaker shut the 100-employee unit that made the goggles earlier this summer, the people said. Intel acquired Recon in 2015 for an undisclosed sum, and had already cut one third of the unit’s 79