KUALA LUMPUR: Malaysia will allow motorcycle-hailing firms such as Indonesia’s Gojek to start limited operations from January, a minister said yesterday, which could help end Grab’s near-monopoly in Malaysia’s broader ride-hailing market. Gojek — whose investors include Alphabet’s Google and Chinese tech companies Tencent and JD.com — told Reuters its
NEW YORK: Wall Street stocks have climbed to record highs as worries over US-China trade relations and the Federal Reserve’s monetary policy have receded, but cautious investors have been sticking with technology shares and some defensive stocks over value stocks and more speculative plays such as IPOs. That’s unlikely to
SYDNEY: Australian retail sales surprisingly fell last quarter while growth in September was weaker-than-expected, underlining the need for even more stimulus to jumpstart the slowing economy. Retail sales inched up 0.2 percent in September after a respectable 0.4 percent gain in August, figures from the Australian Bureau of Statistics (ABS)
HONG KONG: Hong Kong awoke to what is expected to be a day of relative calm yesterday following a violent night in which protesters set fire to metro stations and vandalised buildings, including an office of China’s official news agency Xinhua. More than 200 people were arrested in one of
BEIJING: China launched a new high-resolution remote sensing satellite capable of providing stereoscopic imagery yesterday, state-run media said, marking another important step as Beijing seeks to reduce reliance on foreign technology in topographic mapping. A rocket lifted off from the Taiyuan Satellite Launch Centre in northern China at 11.22am local
CAPE TOWN: South Africa captain Siya Kolisi did not have a television at home the last time the Springboks played in the Rugby World Cup final but 12 years on leads his team out in Saturday’s decider against England in a remarkable rags to riches story. From growing up in
KUALA LUMPUR: Nokia is aiming for Malaysian ports in a bid to get a share of the country’s fifth-generation (5G) technology market, as the Southeast Asian country prepares to launch the ultra-fast mobile internet service next year. The Finnish company worked with Germany’s Port of Hamburg last year to test
SINGAPORE: Southeast Asia could become a net importer of fossil fuels in the next few years, raising the financial burden on governments and increasing carbon emissions in the region, the International Energy Agency (IEA) warned in a report. This comes despite expectations of slower growth in the region’s energy demand
SYDNEY: Online realty company PropertyGuru yesterday cancelled its initial public offering (IPO) in Australia because of market volatility, the country’s second scrapped listing of a private-equity backed company on the day and the fourth this month. Bain Capital earlier yesterday said it would not proceed with the listing of Australian
NEW YORK: SoftBank Group agreed to spend more than $10 billion to take over WeWork on Tuesday, doubling down on an ill-fated investment and giving a near $1.7 billion payoff to the US office-space sharing startup’s co-founder Adam Neumann to relinquish control. The deal represents a stunning reversal of fortune
New Sarawak Tribune is a Sarawakian news portal that highlights Sarawak-centric news and other stories of relevance to Sarawak.
Today, New Sarawak Tribune focuses on happenings in Sarawak’s cities, towns and small places no matter how remote these are and events of relevance in other states of Malaysia and other countries.
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