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April 19, 2018 1:12 PM Nestle Malaysia pays RM7.2m interest for intra-group loan

In a filing to Bursa Malaysia, Nestlé said, its wholly-owned unit, Nestle Manufacturing (M) Sdn Bhd, had obtained an IGL of US$68 millon (RM264 million) from NTC-MEA for general corporate purposes. — Reuters picKUALA LUMPUR, April 19 ― The interest charges paid for intra-group loan (IGL) from Nestle Treasury Centre-Middle East and Africa Ltd (NTC-MEA) 9

April 17, 2018 2:18 AM Tesla temporarily shuts down Model 3 production in Fremont

Tesla Model 3 cars are seen as Tesla holds an event at the factory handing over its first 30 Model 3 vehicles to employee buyers at the company’s Fremont facility in California August 1, 2017. — Reuters picFREMONT, April 17 — Tesla Inc yesterday said it was having a planned downtime on the Model 3 production, after a BuzzFeed report said the carmaker 9

April 12, 2018 2:15 PM AirAsia announces fixed domestic flight rates for GE14

AirAsia announced fixed domestic flight rates for passengers travelling to cast votes in the 14th general election. — Reuters file picKUALA LUMPUR, April 12 — AirAsia Group CEO Tan Sri Tony Fernandes today announced fixed domestic flight rates to accommodate passengers travelling to cast votes in the 14th general election. “Fares to Sarawak on the 8th and 9th will be RM120, to Sabah 7

April 10, 2018 10:40 AM Luxury goods giant LVMH shares soar on Q1 growth

A Louis Vuitton logo, part of LVMH luxury group, is pictured on a building in Geneva, Switzerland, November 23, 2017. — Reuters picPARIS, April 10 — French luxury empire LVMH today saw its share price soar over five per cent on the Paris stock exchange after it reported strong global growth for the first three months of 2018. The group, which owns the Dior and Louis 8

April 8, 2018 1:04 PM Women more prone to kidney disease

KUALA LUMPUR: Malaysian women with chronic kidney disease (CKD) have lower survival rates compared to men, as many do not seek dialysis treatment. National Kidney Foundation (NKF) chairman Datuk Dr Zaki Morad Mohd Zaher said although there were no proven reasons the illness puts women at a higher risk, it was believed that women tend to delay health 5

April 6, 2018 10:49 AM Loan approval rates for houses below RM500,000 remain stable: BNM

KUALA LUMPUR: Housing loan approval rates for houses costing below RM500,000 have remained stable over the past few years at above 70%, said Bank Negara Malaysia (BNM). In fact, the approval rate for houses priced less than RM250,000 was higher at 72.7% compared with 67% in 2012, according to BNM's Factwatch.my website. BNM was responding to an article 11

March 29, 2018 2:01 PM US consumer spending up slightly; jobless claims at 45-year low

A woman shops inside a store at Roosevelt Field shopping mall in Garden City, New York, November 24, 2017. — Reuters picWASHINGTON, March 29 — US consumer spending rose marginally for a second straight month in February as households boosted savings, the latest indication that the economy lost momentum in the first quarter. But the economy’s fundamentals 12

March 29, 2018 9:28 AM No fare rise despite Uber merger, says Grab Malaysia

A man walks past a Grab office in Singapore March 26, 2018. — Reuters picPETALING JAYA, March 29 — Grab’s acquisition of Uber’s South-east Asian operations on Monday will not affect current fare rates, according to Grab Malaysia’s country head Sean Goh. “If we just increase prices, it will damage the demand from consumers though it may be good for our drivers 8

March 29, 2018 3:07 AM GST review, more tax relief in BN manifesto?

PETALING JAYA: Barisan Nasional (BN) may review the Goods and Services Tax (GST) and introduce more income tax relief as part of its 14th general election manifesto. Quoting unnamed sources, The Malaysian Insight today reported that the review of GST could see the removal of the standardised 6% rate across all goods and services. In its place, a system 6

March 27, 2018 11:08 PM Will Uber, Grab merger benefit us? Customers ask

A man is seen at Uber’s Bangsar South office March 27, 2018. ― Picture by Azneal IshakKUALA LUMPUR, March 28 ― Customers have lamented the loss of Uber as a ride hailing option following its merger with Grab, questioning whether it would lead to the latter monopolising the country’s e-hailing industry. Najihatulaulaa Jalidar, 25, said she is uncertain 8