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Wednesday, August 21, 2019

Tag: company

Probe encroachment of NCR land, Sarawak NGO group urges MACC

It claims a private company has claimed it has permission of the authorities and Land and Survey Department to cultivate the land.

Claim that company barred Muslim staff from praying untrue, says ministry

It says investigations by the Klang Labour Department found none of the workers saw a memo said to be barring Muslim staff from praying during working hours.

Chinese chemical firm ‘misled’ investigators over deadly blast

Police have investigated and taken criminal compulsory measures against twelve employees and thirteen local officials have been punished.

Amazon is world’s most valuable private company

The online sales goliath has seen remarkable growth as its business has spread beyond its origins as an online bookseller to myriad other retail categories.

Kluang factory retrenches over 180 workers as business dwindles

Socso and labour office will assist the affected workers including setting up a job fair.

Singapore startup raises US$618 million to expand datacenters

AirTrunk’s taking advantage of a surge in cloud computing as companies that once ran in-house servers shift storage and processing off-site.

Company didn’t fulfil contract to clean court complex, says minister

VK Liew says there is a fundamental breach of the contract and if need be, it must be terminated.

Government seeks to intervene in jeweller’s suit against Rosmah

Senior federal counsel Narkunavathy Sundareson says this is on grounds that the jewellery belongs to the government and was bought with stolen money.

Short on workers, German companies offer more employee flexibility

Options offered by German companies include longer holidays, shorter hours, flexible shifts, and sabbaticals.

Dutch MP calls for Shell dividend tax probe

For its part, Shell told public radio/tv station NOS this was simply "an access mechanism" for the dividend payments and was completely in line with the law.

Oil pipeline contracts followed procedures, says Najib

He says the company involved was a fully-owned subsidiary of one of the largest companies in the world — the China state-owned China National Petroleum Corporation.

Sony buys EMI Music Publishing in $1.9bn deal

Sony signed a deal with Abu Dhabi-based investment firm Mubadala to buy its 60 percent holding in EMI, giving the Japanese firm an indirect stake of approximately 90 percent, Sony said in a statement.

Struggling Toshiba returns to black, avoids delisting

Struggling Japanese conglomerate Toshiba said Tuesday it had bounced back into the black after a disastrous year and will avoid a humiliating delisting from the Tokyo stock exchange.

Weinstein Company names Lantern Capital winning bidder

Harvey Weinstein's former production company on Tuesday named a Texas-based private equity firm as the winning bidder for substantially all its assets after filing for bankruptcy.

Customs: Tax exemption also given during Mahathir’s administration

Customs director–general T Subromaniam blasts critics for not understanding the reason for GST exemption given to ECRL builder.

Brazil’s Natura poaches Embraer CFO

Embraer said in its filing on Tuesday that veteran executive Nelson Salgado will take over as CFO.

Twitter follows Facebook, endorses senate’s ‘Honest Ads Act’

The Honest Ads Act would subject online political ads to the same sort of disclosure rules that now govern similar content in other media such as TV and radio.

Shell’s climate push fails to cut emissions as US plants added

The company’s direct emissions had increased to 73 million tons of carbon-dioxide equivalent in 2017 from 70 million tons a year earlier.

Barrick Gold founder, philanthropist Peter Munk dies at 90

Canadian mining magnate Peter Munk, who built Barrick Gold Corp from a single mine into the world's largest producer of gold, has died at the age of 90, the company said on Wednesday.

SoftBank’s Son to create world’s biggest solar power company in Saudi...

Masayoshi Son says he expected the solar project to have the capacity to produce up to 200 gigawatts by 2030.

Toys R Us founder dies as iconic retail chain folds

The founder of the embattled Toys R Us chain of children's stores died on Thursday, a week after the company announced the end of its operations in the United States.

Weinstein Company files for bankruptcy in ‘new beginning’

Harvey Weinstein's former production company announced late Monday it had filed for bankruptcy, less than six months after the Hollywood mogul was beset by avalanching sexual assault allegations.

US radio giant iHeartMedia files for bankruptcy

Leading US radio company iHeartMedia, which runs some of the country's most popular Top 40 stations, has filed for bankruptcy protection as it struggles to pay $20 billion in debt.

BRF execs barred from returning to Brazil’s top chicken exporter

A Brazilian judge ordered their suspension from their activities in the company to avoid the risk of them interfering with an ongoing investigation that they engaged in fraud to evade food safety inspections.

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