Tue05302017

LAST_UPDATEMon, 29 May 2017 11pm

Cathay Pacific Sacks 600 Staff

HONG KONG — Cathay Pacific Airways said Monday it's laying off nearly 600 staff at its headquarters in its biggest round of firings in two decades as it faces rising competition from rival carriers and tough business conditions.

Read more: Cathay Pacific Sacks 600 Staff

Ford Boss Axed As Car Maker Switches Gear

Ford is replacing its chief executive Mark Fields as part of a wider shake-up at the top of the US car maker.

Read more: Ford Boss Axed As Car Maker Switches Gear

Volkswagen CEO Says Enforcing Culture Change Poses Challenges

Pic: ReutersVolkswagen's top executive said some managers are resisting the German carmaker's push for a new era of accountability after its emissions fraud, suggesting it could still take years to establish a new corporate culture.

Read more: Volkswagen CEO Says Enforcing Culture Change Poses Challenges

Malaysia Airlines Upgrades To New Passengers Reservations System

KUALA LUMPUR: Malaysia Airlines will upgrade to a new passengers reservation system on June 10 and 11, causing ticket purchases and changes not available during the period.

Read more: Malaysia Airlines Upgrades To New Passengers Reservations System

China Slaps Import Duties On Sugar; Experts Question Impact

Pic: Reuters

China said on Monday it will impose hefty penalties on sugar imports after lobbying by domestic mills, but experts said the ruling may not go far enough to stem the flow of lower-priced sweetener into the world's top importer.

Read more: China Slaps Import Duties On Sugar; Experts Question Impact

Tune Protect Group Seeks Acquisition In Indonesia

PETALING JAYA: Tune Protect Group Bhd is still actively pursuing an acquisition opportunity in Indonesia.

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Alipay Fully Accepted At All 7-Eleven Outlets From This Wednesday

KUALA LUMPUR: Mainland Chinese tourists touring Malaysia will be able to perform seamless cashless payments at 7-Eleven Malaysia outlets nationwide through the Alipay mobile wallet service.

Read more: Alipay Fully Accepted At All 7-Eleven Outlets From This Wednesday

Splash Payments To Taliworks Not Finalised Yet

KUALA LUMPUR: The repayment scheme for the trade receivables owed by Pengeluar Air Sungai Selangor Sdn Bhd (Splash) to Taliworks Corp Bhd has not been finalised yet.

Read more: Splash Payments To Taliworks Not Finalised Yet

Ho Hup Confident Of Winning Jobs Worth Up To RM400m This Year

KUALA LUMPUR: Ho Hup Construction Co Bhd is confident of securing up to RM400 million worth of construction jobs this year, which would bring its order book close to RM1 billion.

Read more: Ho Hup Confident Of Winning Jobs Worth Up To RM400m This Year

Dollar Steadies After Week Of Political Noise

Pic: Reuters

LONDON: The dollar steadied close to six-month lows against a basket of currencies on Monday, as investors took stock of a week of political turmoil in the United States and a resurgent euro zone economy.

Read more: Dollar Steadies After Week Of Political Noise