TSH Resources Q3 profit rises 12% to RM33.1 million

TSH Resources Q3 profit rises 12% to RM33.1 million

PLANTATION company TSH Resources reported on Thursday (Nov 21) a 12 per cent increase in net profit for the third quarter, despite a rise in crude oil prices. Net profit for the three months ended Sep 30 rose to RM33.1 million from RM29.5 million in the year-ago period, the company said in a bourse filing.…

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Alibaba combines e-commerce arms to tackle growing competition

Alibaba combines e-commerce arms to tackle growing competition

Alibaba Group will integrate its domestic Chinese and international e-commerce platforms into a single business unit run by one leader for the first time, the company said in a stock exchange filing on Thursday (Nov 21). The Alibaba E-commerce Business Group, as the unit will be called, brings together the Taobao and Tmall Group and…

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Nissan says about 1,000 US staff accept early retirement

Nissan says about 1,000 US staff accept early retirement

ABOUT 6 per cent of Nissan Motor staff in the US have accepted early retirement packages, a company spokesperson said on Thursday (Nov 21), as part of the struggling Japanese carmaker’s plan to cut 9,000 jobs worldwide. Nissan had about 17,000 employees in the US as of March, according to a security filing. Roughly 1,000…

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