KUALA LUMPUR: MISC Bhd recorded a weaker performance in the fourth quarter of 2023 (4QFY23) on the back of lower operating profit in the offshore business segment due to lower construction progress and additional cost provisions. Meanwhile, the group also reported higher vessel operating costs, which took a bite out …

SEOUL (Reuters) – North Korea has shipped about 6,700 containers carrying millions of munitions to Russia since July to support its war against Ukraine, in a sign of ongoing arms transfers, South Korean media reported on Tuesday, citing the defence minister. At a briefing on Monday for local media, Minister …

GEORGE TOWN: A retired headmaster who lost over RM35,000 to scammers says numerous charges were made to his debit and credit cards even after he asked the issuing banks to block all transactions. Ooi Eng Lye, 64, said he had taken immediate steps to stop further losses and said that …

MUMBAI (Reuters) – Global companies are setting up more offices in India and expanding in-house teams but that does not mean the end of the road for Indian IT firms, which rely heavily on outsourcing deals, executives said at a Nasscom event last week. Companies opened 118 global capability centers …

KUALA LUMPUR: A new law is being drafted to put a “kill switch” in place that immediately terminates online scam transactions, says Datuk Seri Azalina Othman Said. The Minister in the Prime Minister’s Department (Law and Institutional Reforms) said existing laws were outdated and insufficient to deal with this new …

PUTRAJAYA: Malaysia and Cambodia today agreed to convene a Joint Trade Committee (JTC) this year to explore potential trade and investment as well as tourism that will benefit both countries, said Prime Minister Datuk Seri Anwar Ibrahim. He said under this new trade mechanism, both countries would explore cooperation between …

KUALA LUMPUR: There are currently no plans to enforce a mandatory build-then-sell (BTS) policy on developers, says Housing and Local Government Minister Nga Kor Ming. He told the Dewan Rakyat on Tuesday (Feb 27) that any such plan would only be considered once the economy had recovered to the post-pandemic …

ROME (Reuters) – Italian Prime Minister Giorgia Meloni is set for her first regional election loss since winning power in 2022 after a centre-left candidate appeared to have won the vote for the president of Sardinia, partial results showed on Tuesday. With almost all the votes counted, Alessandra Todde, a …

When a migrant rescue non-profit asked Nik Zemke if he could design an app to pinpoint ships in distress in the Mediterranean, the German web developer headed to a hackers’ convention to look for like-minded volunteers. He found help among the hordes of tech hobbyists huddled over their laptops at …

KUALA LUMPUR: The fall in Malaysia’s Producer Price Index (PPI), which measures the prices of goods at the factory gate, has narrowed, declining a marginal 0.6 per cent in January 2024 versus a negative 1.3 per cent in December 2023, the Statistics Department of Malaysia (DoSM) said. In a statement …