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Malaysian officials are tapping Qatar for inward investment, particularly to develop the Southeast Asian country’s $15 billion tourism industry, according to a media report. Ahmad Jazri Mohamed Johar, the Malaysian ambassador to Qatar, told Gulf Times that there is high demand to visit Malaysia among Qataris. Malaysia is considered a family-friendly holiday destination, and an established honeymoon haunt, Johar reportedly told the newspaper. “On this basis, we […]

Last year was truly unforgettable. It is the year we celebrated Mara’s 20th anniversary and launched three new businesses: an infrastructure investment vehicle for Africa; an online jobs portal, Mara Jobs; and a last-mile delivery business, Mara Xpress. It is also the year we launched the inaugural Ashish J Thakkar Global Entrepreneurship Index 2016 to better understand entrepreneurial environments around the world. But perhaps what will stick […]

KINI ROUNDUP Here are the key headlines you may have missed yesterday, in brief. Auditor Parker Randall in spotlight Petaling Jaya Utara MP Tony Pua claimed 1MDB failed to disclose that it is local firm Afrizan Tarmili Khairul Azhar (Aftaas) that would be auditing 1MDB when it announced Parker Randall as its new auditor. “Aftaas is a member of Parker Randall International, an international association of audit […]

New research done in Singapore shows that slightly raising indoor temperatures and equipping office workers with smart fans saves significantly on overall office building energy costs while maintaining employee comfort. (via WSJ)

It’s fair to say that HappyFresh, one of a number of startups working to make the business of on-demand grocery shopping viable in Southeast Asia, didn’t have a great 2016. The two-year-old company pulled out of two countries to “focus on sustainability and profitability” and raised an ominous ‘undisclosed’ Series B round having previously closed a $12 million Series A a year prior. Now TechCrunch has learnt that it has also […]

SINGAPORE Nearly 300 tonnes of oil spilled into the narrow strait separating Singapore and Malaysia after a collision between two container vessels, the Singapore Marine Port Authority (MPA) said on Wednesday. There were no reports of injuries and 12 anti-pollution craft had been sent to clean up the mid-sized oil spill, the MPA said in a statement. reut.rs/2j7am36 “Traffic in the East Johor Straits and Singapore’s port […]

Samsung Electronics will commence an over-the-air software update in South Korea starting next week that will cap Galaxy Note 7 batteries at 15 percent, the company said. The South Korean tech giant has recalled 94 percent of the flagship phones sold in its home country so far and has sent notice to those still using them. The update will commence on Monday January 9. Earlier, the company […]

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|By Arabian Post Staff| French alternative investment firm Ardian is in talks to take a stake in Mubadala Development Co.’s $2 billion private equity portfolio, Bloomberg reported quoting sources. Bottom of Form Under the terms being discussed, according to Bloomberg, the Abu Dhabi sovereign fund would place the assets into a new vehicle, and Ardian would buy a 50 percent stake for about $1 billion. The French […]

Chinese New Year will not come until Jan. 28, but Apple has already started announcing its promotions for the annual holiday. The first Chinese New Year promotion for this year offers customers a free Beats Solo3 wireless headphones, worth $299.95, for every purchase of select Mac and iPhone models. Apple’s First Chinese New Year 2017 Promo The first Chinese New Year promo by Apple this year was announced by […]

Expats living in India are the third-highest paid in the world, according to a survey from HSBC. The average salary of foreigners living in India was $145,057, the poll of almost 27,000 expats in 100 countries showed. Highest paid were foreign workers in Switzerland who got an average salary of $188,275, followed by Hong Kong at $169,756. Like Switzerland and Hong Kong, India has a financial hub […]

LONDON Upbeat data from China helped lift global markets as 2017 trading started in earnest on Tuesday, with the dollar notching its biggest gain in three weeks, oil on a tear and European stocks setting a one-year high. Base metal prices and bond yields also advanced, as the better-than-expected factory growth in China dovetailed with higher inflation data in Europe to give investors a solid start to […]

Tuesday 05:05 GMT Overview Asian markets were in an upbeat mood in the first session for 2017, after a middling performance over the Christmas to New Year period during which Wall Street continued its retreat from recent record highs. Hot topic At the start of a new year, investors were wondering what the next 12 months would hold. Over the near term, one of the big issues […]

The UAE has moved up a global list of the best destinations for expats to enjoy a successful career while Bahrain is also in the world’s top 10 places to move to. The UAE now ranks as the fourth best destination after moving up two places on 2015 in the new data released by HSBC. Bahrain, ranked 10th, fell three places compared to last year’s list, while […]

Towards the end of October 2016, several Indian banks announced they would be recalling millions of debit cards in the wake of a data breach that affected the backend of software that powered an ATM network there. It was a situation that could have been better mitigated; a government-sponsored organization tasked with sharing information about data breaches completely missed the warning signs that a breach was taking […]

Two beauty queens with links to the Gulf have won the latest season of The Amazing Race Asia. After they returned from filming The Amazing Race Asia last summer, Maggie Wilson-Consunji and Parul Shah could barely contain their excitement. “Don’t let our invisible crowns fool you. We are beauty-queen fighting machines,” they told their fans on social media. “We are scared but also super excited. We cannot […]

The Singapore government has invested significant resources and efforts in building up a thriving startup environment, but its inhabitants must now take risks and look beyond local shores. Jeffrey Paine, general partner at Golden Gate Ventures, believed Singapore’s startup scene had progressed well over the last six to eight years. He said a number of successful startups had grown and executed well in the region, as well […]

Singapore Oil prices rose in early Asian trade on Friday shrugging off a second consecutive week of U.S. crude oil inventory builds, with a U.S. Energy Information Administration (EIA) report late on Thursday indicating an unexpected rise in crude stocks. U.S. benchmark West Texas intermediate (WTI) CLc1 crude futures were up 18 cents or 0.33 percent to $53.95 at 0105 GMT after settling 29 cents lower at […]

M&A: back with a bang Deal activity was vigorous with much of it concentrated just below the level of the industry’s biggest companies. Nasdaq bought International Securities Exchange for $1.1bn, while CBOE Holdings announced a $3.2bn deal for Bats Global Markets in September. Of most significance, the pending €24bn tie-up between London’s LSE Group and Deutsche Börse, which will create Europe’s largest exchange. As the chart above […]

This year has been tough-going in more ways than one and, by most accounts, Singapore’s economy is expected to be heading for rougher seas in 2017. According to a survey by the Singapore Business Federation, 63 percent of local companies said the economic climate worsened in 2016 and 48 percent believed the downward spiral would continue in the new year. The Monetary Authority of Singapore also warned […]

Chinese technology giant Tencent, along with Beijing-based mapping company NavInfo and Singapore state-owned investment firm GIC, announced this week the trio intended to jointly take up a 10 percent share of mapping company Here, with current owners Audi, BMW, and Daimler reducing their indirect holding by the same amount. As well as the share purchase, the companies announced the creation of a 50/50 joint venture between Here […]

Singapore Oil prices fell in early trade in Asia on Thursday following a surprise build in U.S. crude stocks shown in data published by the American Petroleum Institute (API) late on Wednesday. U.S. benchmark West Texas intermediate (WTI) CLc1 crude futures were down 31 cents or 0.57 percent to $53.75 at 0104 GMT after settling up 16 cents at $54.06 per barrel in the previous session. Brent […]

Starting January 1 next year, Singapore will begin including iris scans as part of the country’s registration process for citizens and permanent residents. This was part of efforts to improve the “effectiveness and efficiency” of operations undertaken by the Immigration and Checkpoints Authority (ICA), the Ministry of Home Affairs said in a statement Wednesday. The ministry said amendments to the country’s National Registration Act (NRA), enacted in […]

Even as the Singapore economy is projected to see worsening economic climate next year, local businesses appear unwilling to transform to cope with the changing environment. Just 15 percent of small and midsize businesses (SMBs) and 36 percent of large enterprises strongly agreed with the need to transform to adapt to slowing economic growth as well as technological change and disruption. Across the board, 62 percent agreed […]

By Thomas Wilson and Saeed Azhar | TOKYO/SINGAPORE TOKYO/SINGAPORE Japan Inc may become a more important force in dealmaking next year as its cashed-up companies seek to buy growth prospects elsewhere in the world and as Beijing’s crackdown on capital outflows prevents some Chinese companies from making foreign acquisitions, bankers and lawyers said. Facing tepid prospects at home after decades of stagnation amid a shrinking population, Japanese […]

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