Malaysian company DRB-Hicom’s faces RM121.33m loss in 1Q

KUALA LUMPUR: Telekom Malaysia Bhd (TM) has revised upwards its capital expenditure (capex) this year to between 30 and 35...

Malaysia’s TIME dotCom revenue rises 7.1% in 2Q

KUALA LUMPUR: Malaysia's TIME dotCom has reported a 16.4% year-on-year increase in operating profit for the second quarter to 42.5...

Sri Lanka’s rupee collapsed from Rs131-Rs147 to US dollar in 2015

COLOMBO: Sri Lanka's rupee is kept weak by central bank purchases of dollars, despite the ending of large scale money...

Cotton sales increase to 14,760 bales: Karachi cotton exchange

KARACHI: The trading at the Karachi Cotton Exchange gained momentum on Tuesday as 14,760 bales were purchased by the millers...

ICI’s profit increases Rs2.72b in FY15

KARACHI: ICI Pakistan Limited posted a net profit of Rs2.72 billion for the year ended June 30, up 20 percent...

LDA approves development projects worth Rs830m

LDA governing body granted administrative approval for undertaking three development projects in the city at a cost of Rs 830...

Chinese firm to buy K-electric

KARACHI: Shanghai Electric Power Company Limited, the Chinese state-upheld firm, has formally communicated its expectation to get K-Electric and would...

Chinese delegation meets FPCCI’s mines,mineral chairman for trade prospects

LAHORE: A delegation from China, headed by Liu Jiang Michal, CEO ST Fulin Group Co Limited, and project head of...

15 candidates submits nomination papers for vacant seats of FCCI

FAISALABAD: As many as 15 candidates filed their nomination papers for the vacant seats of the executive committee of the...

Lehigh Valley unemployment rate creeps up in July

WASHINGTON: The Lehigh Valley's unemployment rate crept up in July to 5.4 percent, despite a seasonally unadjusted rise in nonfarm...

Foreign firms eye Vietnam’s beer market

HANOI: Heineken NV’s expansion of its production in Vietnam by taking over a brewery from rival Carlsberg A/S highlights growing...

SPLOST revenues exceed projections in first year

LONDON: With nearly $30 million in revenues collected in the first year of a special purpose local option sales tax,...

Unemployment remains unchanged at 8.3%

WASHINGTON: Unemployment was unchanged at 8.3 per cent in August, according to the latest official figures. The State’s headline jobless...

Argentine inflation expected at under 1% in August

LONDON: Argentina's inflation rate is expected to be less than 1 percent in August, Finance Minister Alfonso Prat-Gay said on...

ATHEX: Benchmark slips in very thin trade

ATHENS: Greek stocks declined for the third session in a row on Monday, on particularly thin trading volume partly explained...

Tax system ‘not fair,’ finance alternate admits

ATHENS: The Greek tax system is “not fair or proportionate,” Alternate Finance Ministry Tryfon Alexiadis said in a radio interview...

Greek GDP contraction in H1 was worse than thought

ATHENS: The contraction of the Greek economy in the first half of the year has turned out to be greater...

Iraq blacklists tankers involved in shipping Kurdish crude

BAGHDAD: Iraqi state oil firm SOMO has blacklisted three tankers involved in shipping crude from Kurdistan, stepping up pressure on...

Australian Customs Seizes Cocaine Haul on Cruise Ship