[ad_1] BEIJING: Beijing opposes a forced sale of TikTok’s operations in the US by its Chinese owner ByteDance, and would prefer to see the short video app shut down in the US, three people with knowledge said on Friday straight out of the matter. ByteDance has been in talks to …
Read More »Memories of the crisis take over Asean stocks as Indonesia slides
[ad_1] SINGAPORE: A slide in Indonesian equities is evoking memories of the market crises in Southeast Asia in the depths of the March fade. Regional stocks fell after Jakarta’s surprise return to a lockdown sent Indonesian stocks down 5% on Thursday before triggering a brief halt in trading. The volatility …
Read More »COVID-19: Malaysia’s Labor Market Shows Signs of Recovery; the unemployment rate falls to 4.7% in July
[ad_1] KUALA LUMPUR: While Malaysia’s labor market has shown signs of improvement, more must be done to accelerate the country’s economic recovery to create more jobs and achieve full employment, said Prime Minister Mustapa Mohamed . In a statement on Friday (September 11), the economy minister said the unemployment rate …
Read More »Trump’s TikTok ban leaves Apple, Google caught in the middle
[ad_1] It seems increasingly likely that TikTok will not be able to sell its US operations before the mid-September deadline imposed in an executive order issued by US President Donald Trump last month. That doesn’t mean that the video app loved by tens of millions of teens will shut down …
Read More »TikTok Owner To Spend Billions In Singapore After US Ban.
[ad_1] ByteDance Ltd, the Chinese owner of the video-sharing app TikTok, plans to make Singapore its beachhead for the rest of Asia as part of its global expansion, according to people familiar with the matter. The Beijing-based company seeks to spend several billion dollars and add hundreds of jobs over …
Read More »The unemployment rate has fallen two months in a row, says Mustapa
[ad_1] PETALING JAYA: The national unemployment rate has fallen for two months in a row as a result of the reopening and rejuvenation of the economy during the period of the recovery movement control order (MCO), says the Minister (Economy) of the Department of the Prime Minister Datuk Seri Mustapa …
Read More »KLCI reverses loss in positive industrial production data
[ad_1] KUALA LUMPUR (Sept 11): The FBM KLCI reversed its previous loss to close higher at the midday break today after Malaysia’s Industrial Production Index (IPI) returned to positive growth, for the first time since February. , from 1.2% in July 2020. At 12.30pm, the KLCI rose 4.55 points to …
Read More »‘Never waste a crisis,’ recalls AirAsia founder Tony Fernandes as Covid-19 hits the aviation sector
[ad_1] KUALA LUMPUR (September 11): Never waste a crisis. This is the constant reminder from AirAsia Group Bhd founder, Tan Sri Tony Fernandes, to the staff of the low-cost airline, as the Covid-19 pandemic forced the group to harness the power of its media ecosystem as the industry of the …
Read More »MP receives RM50 thousand compensation lawsuit, tweet damages in varsity
[ad_1] Bangi Ong MP Kian Ming says he believes the matter is in the public interest. PETALING JAYA: Bangi MP Ong Kian Ming received a lawsuit notice from a senior executive at Limkokwing University of Creative Technology regarding an alleged defamatory post on Twitter on the university’s campus in Freetown, …
Read More »KLCI tracks regional markets lower as Top Glove and Hartalega crawl
[ad_1] KUALA LUMPUR (Sept. 11): The KLCI FBM declined early Friday, following losses in regional markets following the overnight slide on Wall Street. At 9:05 a.m., the benchmark index fell 11.77 points to 1,478.35. The main losers were Petronas Gas Bhd, Frontken Corp Bhd, Petronas Dagangan Bhd, Top Glove Corp …
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