TOKYO (Reuters) – Activist fund Oasis Management stepped up its demand that Japanese convenience store chain FamilyMart Co (8028.T) pay a special dividend, saying shareholders were otherwise being denied a fair deal in a tender offer by Itochu Corp (8001.T). In July, trading house Itochu Corp, which already owned 50.1% of the FamilyMart chain, announced […]
KUALA LUMPUR (Reuters) – Malaysia’s palm oil producers are embarking on a rare recruitment drive to hire locals and accelerating industry mechanisation as they grapple with a severe shortage of foreign labour due to the coronavirus pandemic. As the September-November peak production season approaches, companies are erecting banners near plantations and posting online job advertisements […]
KUALA LUMPUR (Reuters) – Malaysia’s palm oil producers are embarking on a rare recruitment drive to hire locals and accelerating industry mechanisation as they grapple with a severe shortage of foreign labour due to the coronavirus pandemic. As the September-November peak production season approaches, companies are erecting banners near plantations and posting online job advertisements […]
SINGAPORE – More than 5,000 cartons of duty-unpaid cigarettes were found hidden under a Malaysia-registered lorry at Tuas Checkpoint last Thursday (Aug 13). The lorry’s driver, a 47-year-old Malaysian, has been charged in court. The duty evaded for the cigarettes amounted to $429,310, and the goods and services tax evaded was $34,760. Immigration and Checkpoints […]
AUCKLAND (REUTERS) – New Zealand on Tuesday (Aug 18) reported 13 new confirmed cases of coronavirus for the last 24 hours compared with nine a day earlier as the Pacific nation battles to contain an outbreak in the biggest city of Auckland. Twelve cases are linked to the existing virus cluster in Auckland, Director-General of […]
HONG KONG (BLOOMBERG) – Hong Kong’s leader said she’s having trouble using her credit cards after the US imposed sanctions targeting Chinese officials and their allies in the city. “As for myself, of course it will have a little bit of inconvenience here and there, because we have to use some financial services and we […]
For about 20 years, Mr Jumo Tay flew as a pilot with the Republic of Singapore Air Force and in the past decade, with Jetstar Asia as a commercial pilot. But the 51-year-old has been grounded since March 10, after demand for air travel plummeted amid the Covid-19 pandemic. Since April, he has been keeping […]
MANILA – President Rodrigo Duterte dismissed late on Monday (Aug 17) reports that he was airlifted to Singapore over the weekend purportedly to seek emergency treatment in the city state. “If I want to go to Singapore, I will go to Singapore. If it is a private undertaking, or if I want to attend the […]
TOKYO (Reuters) – Japan hopes to coordinate with its Group of Seven partners in seeking a swift containment of the coronavirus pandemic and a strong recovery in the global economy, Japanese Finance Minister Taro Aso said on Monday. Aso made the remark to reporters after attending a phone meeting with finance leaders of the G7 […]
SINGAPORE – A lawyer has admitted to consuming methamphetamine (meth) after he was caught with the drug, also known as “Ice”, at the Woodlands Checkpoint. Mark Tan Teik Yu, 42, pleaded guilty in a district court on Monday (Aug 17) to one count of meth consumption. He also admitted to being in possession of meth, […]