Corporate News

CEO wants Proton to become 1 of SE Asia's top-selling brands

Sep 29, 2017

A new CEO appointed by Chinese automaker Geely to head Malaysia's Proton presented a 10-year plan to revitalize the national car maker as he vows to make Proton among Southeast Asia's top vehicle brands

Vettel's recklessness plays straight into Hamilton's hands

Sep 17, 2017

Vettel's recklessness plays straight into Hamilton's hands at Singapore Grand Prix

Freeport to cut stake in Indonesia mine after gov't pressure

Aug 29, 2017

Indonesia is allowing Freeport-McMoRan to continue operating a giant gold and copper mine after the U.S. mining company agreed to sell a majority stake in the mine

China's Geely buys stakes in Malaysia's Proton, Lotus

May 24, 2017

The Chinese owner of Sweden's Volvo Cars is expanding its presence in Southeast Asia with an agreement to buy 49.9 percent of Malaysian automaker Proton

Standard & Poor's raises Indonesia credit rating

May 19, 2017

Standard & Poor's has raised Indonesia's sovereign credit rating to investment grade in recognition of a more stable political environment and improved control over government finances

Malaysian tycoon stresses over Vancouver project with Trump

Feb 28, 2017

Malaysian property developer Tiah Joo Kim got way more than he bargained for when he signed a licensing deal to use the Trump brand on the Trump International Hotel and Tower that he is opening this week in the Canadian city of Vancouver

Indonesia names former airline boss as bribery suspect

Jan 19, 2017

Indonesia's anti-graft commission has named a former top executive of national flag carrier Garuda as a suspect in a case involving bribes for the purchase of Rolls Royce aircraft engines

Honda says Takata air bag ruptured in Malaysia crash, 1 dead

Sep 28, 2016

Japanese automaker Honda says a Takata air bag ruptured in a crash in Malaysia which killed the driver, in the fifth such case in the country

No longer invite-only, "robo-cars" offered to Singaporeans

Sep 23, 2016

Autonomous vehicle software startup nuTonomy has made rides on its self-driving taxis available to the general public in Singapore, expanding a first-in-the world run that was initially invitation-only

F1 teams say new owners need time to develop strategy

Sep 17, 2016

Formula One teams have welcomed the commercial takeover of the sport by American company Liberty Media and the prospects of improving the product on the track and off, while cautioning that such changes won't come any time soon

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