Bank Rakyat said to scrap USD500m life insurance sale

PT Bank Rakyat Indonesia, the country’s most profitable lender, has canceled the sale process for a 40 percent stake in its life insurance arm, people with knowledge of the matter

Chow Tai Fook’s HK, Macau sales plunge on fewer Chinese

Chow Tai Fook Jewellery Group Ltd., the world’s largest listed jewelry chain, said same-store sales in Hong Kong and Macau plunged 23 percent in the final three months of 2015 as fewer

Corporate Bits | Russell Peters to perform at Studio City

The Canadian-born comedian is set to perform at the Studio City Event Center on February 26, as part of his “Almost Famous World Tour”. The show features all new material plus

Real Estate Matters | Your Financial Health In The New Year – Part 2

Having established the company in 1994, JML Property offers Investment Property & Homes. It specializes in managing properties for owners and investors, and providing attractive and comfortable homes for tenants. Last

Red market | Asian indexes fall as China halted again after stocks plunge

  Chinese stocks nosedived yesterday, triggering the second daylong trading halt of the week and sending share markets, currencies and oil prices lower as investor jitters rippled across Asia. The benchmark Shanghai

TPP | Business group hopes to boost momentum for trade pact

Leading business groups, often at odds with President Barack Obama, are looking to give momentum to one of his priorities before he leaves office: approval of a trade pact linking

Aviation | Malaysia Airlines lifts decried bag ban on Europe flights

The airline had banned check-in baggage for Tuesday and Wednesday flights to the two European cities due to “unseasonably strong headwinds” on a longer flight path it was taking. Passengers

Corporate Bits | Mandarin Oriental gets head start on CNY celebrations

Guests will have an array of dining options for the festive period – ranging from a dim sum lunch to an eight-course traditional Chinese set dinner. The menus will be

Mining | Malaysia to ban bauxite mining in Pahang for 3 months

Malaysia's government said it will ban the mining of bauxite in central Pahang state for three months from Jan. 15 to regulate the industry after its unfettered growth last year

Markets | China announces plan to limit large share sales

China plans to restrict stock sales by large shareholders once a ban imposed in July to stop a slide in prices is lifted this week. Stockholders who own more than 5

Iran, Saudi Arabia tensions can’t halt slide in oil prices

Even the escalating tension between Iran and Saudi Arabia, two big oil-producing countries, can’t halt the slide in energy prices. Oil futures spiked briefly on Monday after the news that Saudi

Corporate Bits | Wintertime Japanese hotpot experience announced

“Shabu Shabu” is a hotpot that combines the traditional Chinese dining style with a distinctive Japanese flavor. Guests can select their offerings from a platter heaped with paper-thin slices of Wagyu

Black Monday | Chinese investors swearing off stocks after price turmoil

Yang Lihua was one of millions of small investors Beijing encouraged to join a stock-buying frenzy last year. But the Shanghai newspaper editor sold after prices collapsed in June and

Corporate Bits | UM students tour MGM properties in Nevada

A group of 44 students toured three MGM properties in the Nevada city and met with a panel of the company’s senior management team to explore the gaming group’s non-gaming

Yuan drops most since August, losses mount in extended trading

China’s yuan fell the most since August, hastening its decline in extended trading hours on speculation the authorities stopped supporting the currency late in the day. While trading will carry on

2015 market winners, losers | Tech soars, old guard stumbles

In a flat year overall for stocks, there was still plenty of excitement to be enjoyed — or endured — by 2015’s biggest winners and losers. It was a year to

In Russia, recession takes a bite out of the holiday feast

For most Russians, it’s not New Year’s without a Salad Olivier, a dish meant to augur prosperity. This year, soaring food costs mean the tradition can also be a painful

Corporate Bits | Thousands gather for venetian countdown

The live entertainment program included a 3D light and sound show accompanied by imitation snowfall, and live performances from “Blue Note” and the “Andy Frasco and the U.N.” band. The outdoor

2015 in Review | The world economy’s winners and losers in 2015

When the final numbers are tallied, 2015 will probably count as another disappointing year for global growth. The muted performance came even as central banks continued to pump in liquidity, oil

ASK THE VET | Basset Hound Eye Problems

• Entropian or ectropian • Primary glaucoma • Dermoid cysts • Ulcerative keratitis • Nictitans gland protrusion Entropian and Ectropian of the Eyelids Entropian, also known as “diamond eye”, is a rolling inward of the eyelids. This

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