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BUSINESS News List

Goldman Sachs CEO apologises for ex-banker's role in 1MDB scandal

NEW YORK, Jan 17 (Reuters) -- Goldman Sachs Group Inc Chief Executive Officer David Solomon on Wednesday apologised to the Malaysian people for former banker Tim Leissner's role in the sovereign wealth fund 1MDB scandal, but said the bank had conducted due diligence before every transaction.

MIDA woos investors to Malaysia´s aerospace industry

By Manik Mehta

FRANKFURT, Jan 17 (Bernama) -- The Malaysian Investment Development Authority (MIDA) has been actively courting potential investors to the aerospace industry, while highlighting opportunities available to them within it in the country.

TCL flagship TV product honoured at CES 2019

KUALA LUMPUR, Jan 17 (Bernama) -- Global television brand and consumer electronics company TCL has been honoured with multiple awards at the International Consumer Electronics Show (CES) in Las Vegas.

Shares of IHH Healthcare rise on Fortis' stake acquisition completion

KUALA LUMPUR, Jan 17 (Bernama) –  Shares of IHH Healthcare Bhd rose on Bursa Malaysia this morning, hours after the Group announced its 31.1 per cent-owned subsidiary, Fortis Healthcare Ltd, had completed the acquisition of Indian clinics and hospitals RHT Health Trust’s assets for INR46.66 billion (RM2.7 billion). 

Barakah Offshore shares rise on contract announcement

KUALA LUMPUR, Jan 17 (Bernama) – Barakah Offshore Petroleum Bhd's shares rose this morning after its unit, PBJV Group Sdn Bhd, secured a five-year contract to service Petrofac (Malaysia-PM304) Ltd’s oil and gas (O&G) fields offshore peninsular Malaysia.

Malaysia targets 18 pct growth in tourists from India

By Shakir Husain

NEW DELHI, Jan 17 (Bernama) -- Malaysia aims to increase tourist arrivals from India by about 18 per cent this year through better visa facilitation and marketing efforts, Deputy Minister of Tourism, Arts and Culture Muhammad Bakhtiar Wan Chik said.

Malindo Air to fly to India's Varanasi city from March

By Shakir Husain

NEW DELHI, Jan 17 (Bernama) -- Malindo Air will start flying to Varanasi in north India, the airline's 10th destination in the country.