Global renewable power capacity to rise by 50pc in five years: IEA

Global renewable energy capacity is set to rise by 50 percent in five years’ time, driven by solar photovoltaic (PV) installations on homes, buildings and industry, according to the International Energy Agency (IEA).

Which Is Scarier, Climate Change or CLOs?

All due respect to Greta Thunberg, but the corporate-debt time bomb looks like the more imminent threat. The IMF warned that as much as $19 trillion of corporate debt — or nearly 40% of total borrowings by companies in major economies — may be at risk of default in the event of a seve...

6.6 million trees planted along coastal areas since 2005

A total of 6.6 million trees have been planted along the country’s coastal areas covering 2,887.63ha until last July through the Mangrove and Suitable Tree Species Planting Programme.

Banks likely to stick to 3.25 pc interest rate: analysts

Most banks will likely stick to the interest rate of 3.25 per cent despite Bank Negara Malaysia revising downward the key benchmark overnight policy rate (OPR) by 25 basis points to 3.0 per cent, said an analyst.

Sustainable Development Goals' race we can't ignore

Since its inception in 2015, the 2030 Agenda with its 17 Sustainable Development Goals (SDGs) has provided a blueprint for shared prosperity in a sustainable world — a world where all people can live productive, vibrant and peaceful lives on a healthy planet.

Climate change activists stage large protests in London and other major cities

Similar demonstrations were taking place in Berlin, Sydney, Amsterdam and Madrid on Monday, and organizers said more were expected in up to 60 cities around the world, including New York and Washington, D.C., as part of what they called an "international rebellion."

MAHB seeks legal advice on latest lawsuit by AirAsia, AAX

Malaysia Airports Holdings Bhd (MAHB) says it will seek the necessary legal advice after AirAsia Group Bhd and its long-haul affiliate AirAsia X Bhd (AAX) filed a lawsuit against the airport operator last Friday (Oct 4).

Ex-Barclays Bosses Hid Qatari Millions From Market, SFO Says

Three senior ex-Barclays Plc executives kept other investors in the dark about millions of pounds in fees the bank paid Qatar during the struggle to save the lender at the height of the 2008 financial crisis, a prosecutor said on the opening day of a historic fraud trial.

Deutsche Bank Plans About Half of 18,000 Job Cuts in Germany

A decision will happen before the bank's Investor Day in December – sources. Germany will see 'a good share' of cuts, CEO Sewing has said. London said to be hit disproportionately hard, U.S. less so.

India's Supreme Court halts tree felling for new Mumbai metro

India’s Supreme Court on Monday ordered a halt to the cutting of trees in financial capital Mumbai for an ambitious subway project that has sparked protests from activists opposed to the felling to build a train parking shed.

Britain says 88% of imports to face no tariffs in event of no-deal Brexit

U.K. steps up no-deal Brexit preparations.
88pc of imports by value eligible for levy-free access in latest revision to tariff regime.

Pay attention to criticisms on palm oil industry — Jomo

The oil palm plantation industry should pay attention to criticisms levelled against it including serious allegations about land grabbing, environmental destruction and labour abuse, said economist Professor Dr Jomo Kwame Sundaram.

Nazir's statement on MACC recovery plan for RM420m from 80 persons, entities

'Not a sen was retained or used by me'

On Monday, former CIMB Group Holdings Bhd chairman Datuk Seri Nazir Razak was among 80 individuals and entities served with compound notices by the Malaysian Anti-Corruption Commission (MACC) to recover RM420 million of 1 Malaysia Developme...

Jomo: Subsidise public transportation, not fuel

Prominent economist Professor Dr Jomo Kwame Sundaram has urged the government to subsidise public transportation instead of giving fuel subsidies as this would help the masses reliant on the former.

GE to freeze, pre-pay pensions to save up to $8 billion, cut debt

General Electric Co said on Monday it would freeze pensions for about 20,000 salaried U.S. employees and take other related moves to help the ailing conglomerate cut debt and reduce its retirement fund deficit by up to $8 billion.

Veteran Investors Lay Out Options for Long-Term Investments

Mobius hails gold as investment titans pick long-term winners.

SoftBank’s Masayoshi Son Is ‘Embarrassed’ By Record

SoftBank Group Corp.’s Masayoshi Son says he is unhappy with how far short his accomplishments to date have fallen of his goals.

“The results still have a long way to go and that makes me embarrassed and impatient,” Son said in an interview with Nikkei Business.

Singapore seen narrowly dodging recession in Q3, MAS to ease monetary policy: Poll

Even as growth stayed subdued, the central bank is expected to ease monetary policy.

False dilemmas in Second Coming

There is a time in every era when one artist or thinker defines the essence of that age. In the First World War, when the flower of Europe's youth was dying from the most cruel and, perhaps, senseless slaughter, the Irish poet William Yeats (1865-1939) wrote of the tragedy in his Second C...

Wish list for Budget 2020

Jagdev Singh, PwC Malaysia Tax Leader shares his wish list for Budget 2020.

Holistic and comprehensive strategy needed to attract private investments

EY Malaysia tax leader and Asean tax managing partner Amarjeet Singh believes that a holistic and comprehensive strategy is needed when it comes to attracting private investments.

MySay: Are we really ready for innovation-based growth?

Moving to a technology-based economy or an innovation-based economy — or even a knowledge-based economy, if we were to take a serious look at Malaysia’s political economy today, are we actually ready to do this? Do we really have a societal culture and a political will prepared to emb...

Southeast Asia's internet economy to hit US$300b by 2025 - report

Southeast Asia's internet economy is forecast to reach US$300 billion by 2025 as millions of people in the region take up online shopping and embrace ride-share food delivery, an industry report said on Thursday.

Trump loves Xi’s military parades. They don’t give the full picture.

President Xi Jinping put on a thunderous show commemorating the 70th anniversary of the founding of the People's Republic of China in 1949.

Australian shares lose nearly $30 bln in value as global risks hammer sentiment

Australian shares dropped more than 2% on Thursday, losing about A$44 billion ($29.52 billion) in value, as Washington’s move to slap tariffs on Europe and weak U.S. data added to escalating fears over slowing global economic growth. The S&P/ASX 200 index dived 2.2%, or 146.9 points, to...

Facebook removes 'coordinated' fake accounts in UAE, Egypt, Nigeria and Indonesia

Facebook says it has removed multiple accounts involved in what it called "coordinated inauthentic behavior" on both its Facebook and Instagram platforms. Coordinated inauthentic behavior is defined by Facebook as "when groups of pages or people work together to mislead others abou...

Hong Kong to Enact Rare Emergency Rule for Mask Ban, Reports Say

Hong Kong will use an emergency ordinance for the first time in more than a half a century in order to ban face masks at public gatherings, according to local media outlets including the South China Morning Post and news channel TVB.

The ordinance was last used in 1967 to quell riots th...

Preventing Digital Feudalism

By exploiting technologies that were originally developed by the public sector, digital platform companies have acquired a market position that allows them to extract massive rents from consumers and workers alike. Reforming the digital economy so that it serves collective ends is thus the defini...

&nbps; &nbps;
3 Orchard By-The-Park wins big with lush, luxurious design

Malaysian developer YTL Land & Development’s 3 Orchard By-The-Park, located at the corner of Orchard Boulevard and Orchard Spring Lane and completed in 2017, was a big winner at the EdgeProp Singapore Excellence Awards 2019 on Oct 18. Representing YTL Land & Development to receive t...

Breaks: Going full English at the Proms with high tea at the Academy Hotel

Belfast-based English journalist Jane Hardy and her husband took a trip to the Proms this autumn, getting fully into the spirit with high tea and cucumber sandwiches in London's chic Academy hotel

Kingston University alumnus Tan Sri (Sir) Francis Yeoh receives Queen's knighthood (KBE) at Clarence House

Tan Sri (Sir) Francis has been awarded Knight Commander of the Most Excellent Order of the British Empire (KBE) in recognition of his substantial contribution to economic relations between Malaysia and the United Kingdom, and to the UK economy.

Introducing Monkey Island Estate: The Picturesque Country Retreat Less Than An Hour From London

Monkey Island Estate has had many lives. A small island lapped by the Thames and neighbouring Bray, a group of monks first settled here as early as 1197. Centuries later, in 1723, the third Duke of Marlborough purchased Monkey Island to use as a fishing retreat. Later still, in the mid 1950s, aft...

YTL Land & Development's 3 Orchard By-the-Park wins 6 awards at EdgeProp Singapore Excellence Awards 2019

Commenting after the awards night, Joseph Yeoh, Vice President of YTL Land & Development said, "To win one award would be rewarding enough, but to win a total of six in the EdgeProp Singapore Excellence Awards including Top Luxury Development and Design Excellence for a single developmen...

Tan Sri (Dr) Francis Yeoh Conferred Knight Commander of The Most Excellent Order of the British Empire by HM Queen Elizabeth II

YTL Group Executive Chairman, Tan Sri (Dr) Francis Yeoh has been conferred the honorary British award of Knight Commander of The Most Excellent Order of the British Empire (KBE) by Her Majesty Queen Elizabeth II for services to UK-Malaysian bilate...

YTL Cement joins the World Cement Association

The World Cement Association announced today that it is welcoming YTL Cement to its international membership. The company is one of the largest and most profitable manufacturers of cement, ready-mix concrete and construction aggregates in Malaysia. It will join as a Corporate Member.

PM: Govt to study rail system and emulate Tokyo Station's efficiency

The Government will undertake a study on how to ensure Malaysia's rail system is fully utilised.

YTL Power likely to gain from 700MHz spectrum resource

YTL Power International Bhd is eyeing the 700MHz spectrum, which the management believes would boost YES’ competitive advantage. The spectrum assignment is targeted for completion by the second quarter of 2020 (2Q20) to 3Q20. 

TRAVEL: Monkey Island Hotel, Bray: Hight of luxury on private island in the Thames

A stunning seven acres of bucolic land shaped like a fish, in the midst of the River Thames, is home to the elegant Monkey Island Estate.

Insider Moves: TSH Resources Bhd, CWG Holdings Bhd, Media Prima Bhd, Green Packet Bhd, YTL Power International Bhd

Employees Provident Fund ceased to be a substantial shareholder in YTL Power International Bhd after selling 6.575 million shares on Sept 19.

Transforming mindsets

Organised by FrogAsia and supported by YTL Foundation, the “Leap of Knowledge Conference”, an annual conference held to inspire a sense of purpose and joy in education by changing hearts and shaping minds, through a series of keyn...

Inadequate explanation cited for blocked Lafarge RRPTs

Inadequate explanation may have been the reason the minority shareholders of Lafarge Malaysia Bhd (now known as Malayan Cement Bhd) blocked a resolution that would have mandated the company to undertake recurrent related-party transactions (RRPTs) worth RM3.51 billion with its largest shareholder...

Pinktober 2019: Top dining deals and initiatives to support Breast Cancer Awareness month

Early detection saves lives.

October has become synonymous with the Pink Ribbon campaign, which has brought recognition and funding to breast cancer causes. This month, you can show your support by participating in one of the many meaningful initiatives below:

INTERACTIVE HOTEL REVIEW: Monkey Island Estate, Bray-on-Thames

Unearthing eight centuries of history, editor Hamish Kilburn checks in to Bray-on-Thames’ Monkey Island Estate to interactively review a new kind of private countryside luxury…

The Gainsborough Bath Spa - dip into the best of Bath

Some hotels have a great location and beautiful decor, others superb food and drink; there are those with spectacular spa facilities and immaculate service… and then there’s The Gainsborough Bath Spa, which has all of those and more.

YTL's The Gainsborough Bath Spa & Pangkor Laut Resort listed in Condé Nast Traveler Readers' Choice Awards 2019 as top hotels & resorts

YTL Hotels' The Gainsborough Bath Spa placed #3 in the list of Top 35 Hotels in the United Kingdom and Pangkor Laut Resort placed #17 in the list of Top 20 Resorts in Asia at the Condé Nast Traveler Readers' Choice Awards 2019.

YTL HOSPITALITY REIT: The only pure-play hospitality REIT

We upgrade YTL Hospitality REIT (YTL REIT) to BUY from HOLD with a higher fair value of RM1.56 (from RM1.32) based on a target yield of 5.5%. We lower our target yield to 5.5% from 6.0% in view of the possibility that Bank Negara Malaysia may cut interest rates. We made no changes to our FY20&nda...

Maybank IB Research positive on YTL REIT over RM1b asset injection

Maybank Investment Bank Research is generally positive on the plan by YTL REIT parent’s YTL Corp to inject over RM1bil worth of UK hotels into YTL REIT’s portfolio, this was notwithstanding some potential gearing-related roadblocks.

Starhill Global REIT poised for stronger income on the back of potential investments: CGS-CIMB

CGS-CIMB Research is keeping its “hold” recommendation on Starhill Global REIT (SG REIT) with a lower target price of 75 cents, down from 79 cents previously, on expectations of muted near-term growth due to the weak economy.

But lead analyst Eing Kar Mei believes a couple o...


YTL unit to invest in 3 key areas as part of plan to expand business, lower bills for UK customers over next 5 years

YTL Land set to delist as YTL Corp has 90.45% of company

YTL Corp Bhd has secured 90.45% of YTL Land & Development Bhd as at the close of its takeover offer today. 

In a filing with the stock exchange, YTL Corp said as at 5pm today, it had received valid acceptances resulting in it holding 749.95 million YTL Land shares and 902.91 mi...

YTL Corp to inject UK properties worth over RM1b to YTL REIT next year

YTL Corp Bhd is preparing to inject its UK properties, estimated to worth over RM1 billion, into its global hospitality real estate investment trusts (YTL Reit) next year.

The group, through YTL Hotels & Properties Sdn Bhd, owns and operates five luxury hotels across United Kingdom....

The Starhill Gallery in KL closes for renovation

The Starhill Gallery in Kuala Lumpur will be partially closed for renovation starting this month, as part of a gradual refresh of the property to transform it into a new concept that infuses hospitality into the retail experience. The new development will be called The Starhill when renovations c...

升禧艺廊大改造 将易名The Starhill重新面市

新加坡上市的房产信托公司升禧国际产托(Starhill Global REIT)旗下位于吉隆坡武吉免登的高级商场“升禧艺廊”(Starhill Gallery)即将于本月进行部分关闭,以进行大改造,以期在2021年以全新面貌及身份The Starhill重新迎市...