SINGAPORE: Cathay Pacific Airways Ltd. is set to end two years of losses resulting from intense competition in the region, as a revamp kicked off by the premium airline starts to yield results.The Hong Kong-based carrier expects to report a profit of HK$2.3 billion ($293 million) for 2018, versus a loss of HK$1.26 billion the previous year, it said in a filing Wednesday, compared with an estimate of HK$934 million by analysts.
February 20, 2019 05:03 UTC
KUALA LUMPUR: The FBM KLCI broke out of its sideways trading channel on Wednesday and hit a 3.5-month high as investors turned more positive over the ongoing US-China trade talks. At 12.30pm, the local benchmark index was up 16.03 points to 1,722.59, just a fraction off its intra-day high of 1,722.74. Trading volume continued to grow over the week, surging to two billion shares valued at RM1.36bil in the first session alone.
February 20, 2019 05:03 UTC
Hundreds of orange robots zoom and whiz back and forth like miniature bumper cars – but instead of colliding, they're following a carefully plotted path to transport thousands of items ordered from online giant Amazon. A young woman fitted out in a red safety vest, with pouches full of sensors and radio transmitters on her belt and a tablet in hand, moves through their complicated choreography. This robot ballet takes place at the new Amazon order fulfillment center that opened on Staten Island in New York in September.
February 20, 2019 04:52 UTC
KUALA LUMPUR: China's Feitian Technologies is keen to take up a block of shares in ACE Market listed Securemetric Bhd, which focuses on digital security.It was learnt the Shenzen-based Feitan's Hong Kong unit would be taking up 20 million shares in Securemetric. The investment consideration is said not exceeding 13.45 million renminbi (RM8.14mil).
February 20, 2019 03:56 UTC
(Reuters) - Opponents have figured out how to beat Manchester City this season but the team will not deviate from manager Pep Guardiola's philosophy as they fight for trophies on four fronts, midfielder Kevin De Bruyne has said. City have looked less formidable in the league compared to last season when they lost only twice in 38 league games to win the title with a record-breaking haul of 100 points. This season, however, they have already lost four times in 27 games.
February 20, 2019 03:45 UTC
A group that might as well be any of our kids. They're old enough for college but young enough that they know life mostly as a digital distraction driven by the smartphone in our hands, our pockets, our souls. And what they discovered in doing so should inspire fear in us all. Fifteen undergrads went 24 hours with orders to keep their mitts off their smartphones. My own full-day iPhone cleanse, done for this same group assignment I'd designed, had been an eyes-and-ears-opening experiment.
February 20, 2019 03:22 UTC
While keys and key fobs offer some degree of security against vehicle theft, those parts themselves are also susceptible to theft. One of Apple's newly published patent applications is aiming to add a few more layers of security, using a mobile device as a conduit. Apple's patent application for a "system and method for vehicle authorisation" was recently published online. The application, which was initially filed back in 2017, seeks to use mobile devices, and even biometric authentication, to add extra layers of security for a vehicle. As the patent application notes, "A vehicle with a key or a key fob provides rudimentary security and would benefit from many improvements."
February 20, 2019 03:00 UTC
SINGAPORE: BNP Paribas SA is hiring relationship managers in Asia and considering a push into more of the region’s onshore private banking markets, according to the firm’s head of wealth management for Asia Pacific.The Paris-based lender is looking to add “a few dozen” to its existing headcount of around 300 wealth bankers, Pierre Vrielinck said in a recent interview. He said Indonesia is among the markets where BNP Paribas is exploring an onshore presence, adding to existing domestic wealth operations in India and Taiwan and its offshore services in Singapore and Hong Kong.
February 20, 2019 02:26 UTC
Qualcomm Inc is urging US trade regulators to reverse a judge's ruling and ban the import of some Apple Inc iPhones in a long-running patent fight between the two companies. Qualcomm is seeking the ban in hopes of dealing Apple a blow before the two begin a major trial in mid-April in San Diego over Qualcomm's patent licensing practices. Qualcomm has sought to apply pressure to Apple with smaller legal challenges ahead of that trial and has won partial iPhone sales bans in China and Germany against Apple, forcing the iPhone maker to ship only phones with Qualcomm chips to some markets.
February 20, 2019 02:15 UTC
KUALA LUMPUR: Shares in Hibiscus Petroleum Bhd 's rose 2.86% in early trade Tuesday, after the its profit jumps over four times in the second quarter ended Dec 30, 2018. One of the most active counter, Hibiscus rose three sen, or 2.86% to RM1.08 with 7.2 million shares traded. Hibiscus-WC rose 1.96%, or one sen to 52 sen.
February 20, 2019 01:41 UTC
KUALA LUMPUR: Petronas-linked stocks led the FBM KLCI higher in early Wednesday trade as crude oil continued to stay firm while key Asian markets trended higher.At 9.11am, the KLCI was up 9.13 points or 0.53% to 1,715.69. Turnover was 176.28 million shares valued at RM100.71mil. There were 248 gainers, 81 losers and 173 counters unchanged.
February 20, 2019 01:30 UTC
TOKYO: Asian stocks gained a tad on Wednesday after U.S-China trade talks resumed while investors awaited minutes from the U.S. Federal Reserve for clues on policymakers' thinking on interest rates and its balance sheet reduction policy.MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 percent in early trade. Japan's Nikkei gained 0.4 percent.
February 20, 2019 00:56 UTC
KOTA KINABALU: Sabah last year received the highest tourism receipts in its history – at RM8.342bil – and a record-high 3.879 million arrivals. Deputy Chief Minister Datuk Christina Liew (pic) said figures showed that from January to December, total arrivals grew by 5.3% while tourism receipts increased by 6.6% compared with the figures in 2017.
February 20, 2019 00:24 UTC
SINGAPORE: Oil prices hovered near 2019 highs on Wednesday, supported by OPEC-led supply cuts and U.S. sanctions on Iran and Venezuela, but capped by soaring U.S. production and expectations of an economic slowdown. U.S. West Texas Intermediate (WTI) crude oil futures were at $55.93 per barrel at 0042 GMT, down 16 cents from their last settlement, but not far off their 2019 high of $56.33 reached earlier this week.
February 19, 2019 23:45 UTC
GEORGE TOWN: Single women used to go out during Chap Goh Meh to throw mandarin oranges into the sea in hopes of finding their true love. The trend today is to write wishes on the fruit before tossing them in, and is not limited to single women looking for partners.
February 19, 2019 23:37 UTC