Amazon plans to more than double base pay cap for employees

PALO ALTO, Feb 8 ― Amazon.com Inc plans to more than double its base pay cap to US$350,000 (RM1.4 million), from its previous maximum salary of US$160,000 for US employees, according to a company memo. The e-commerce giant will increase the overall compensation range for most jobs globally and the company said the increases were […]

Hartalega posts RM256.1m net profit in Q3 2021

KUALA LUMPUR, Feb 8 ― Hartalega Holdings Bhd’s net profit declined to RM256.1 million in the third quarter ended Dec 31, 2021 (Q3 2022) from RM1.0 billion in Q3 2021. Revenue decreased by 52.8 per cent to RM1.0 billion against RM2.13 billion previously, it said in a filing with Bursa Malaysia today. “The lower revenue was mainly due to the […]

Yinson signs firm deals with Petrobras worth US$5.2bil

KUALA LUMPUR: Yinson Holdings Bhd today says it has signed firm deals with Brazil’s national oil company Petróleo Brasileiro S.A. (Petrobras) over US$5.2 billion contracts. The contracts are for the charter, operations and maintenance of Yinson’s FPSO Maria Quitéria – a floating, production, storage and offloading (FPSO) vessel – in the North Campos basin offshore […]

BP records highest profit in eight years in 2021

LONDON: BP reported on Tuesday a profit of $12.8 billion in 2021, the highest in eight years, as natural gas and oil prices soared and the global economy recovered from the pandemic slump. BP’s underlying replacement cost profit, the company’s definition of net earnings, reached $4.1 billion in the fourth quarter of 2021, exceeding analysts’ […]

Khairy: Administration of Covid jabs for children at schools soon, registration for vaccination up to 663,641 as of yesterday

KUALA LUMPUR, Feb 8 ― Registration for the National Covid-19 Immunisation Programme for Children (PICKids) has increased to 663,641 as of yesterday (Feb 7), said Health Minister Khairy Jamaluddin. He said the Covid-19 Immunisation Task Force for Children would announce the implementation of the programme at the school level. “Registration is made by the school and the injection is also […]

AGC rejects representation made by Abdul Azeez’s family over RM16m suit

KUALA LUMPUR: The Attorney General’s Chambers (AGC) has rejected a representation made by former Tabung Haji chairman Datuk Seri Abdul Azeez Abdul Rahim’s family members against the government’s application to forfeit their assets, involving cash and property worth RM16 million allegedly obtained through unlawful activities. Deputy Public Prosecutor (DPP) Nik Haslinie Hashim said a letter […]

Shahrir Samad’s money-laundering trial to start July 26

KUALA LUMPUR, Feb 8 ― The trial of former Felda chairman Tan Sri Shahrir Abdul Samad, who is charged with failing to declare RM1 million which he received from Datuk Seri Najib Tun Razak to the Inland Revenue Board (IRB) will begin on July 26 before another judge in the High Court. Judge Datuk Muhammad […]

Conservative billionaire Peter Thiel to leave Meta’s board

SAN FRANCISCO: Billionaire venture capitalist Peter Thiel will leave Facebook parent Meta’s board, the firm said Monday, after a lengthy tenure that saw the network’s rise and his vocal support of Donald Trump. Meta and Thiel’s announcement offered nothing on his future plans, but the Wall Street Journal and the New York Times reported that […]