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Toyota to expand Malaysia ops with $488 million plant

  KUALA LUMPUR / AP Japanese automaker Toyota Motor Corp. said on Wednesday that it will build a second factory in Malaysia as part of expansion to meet rising local demand. The new 2 billion ringgit ($488 million) plant will be built by Toyota and its local partner, UMW Corp. Toyota said that the plant, to be built in the ...

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Asia hotbed of IT piracy despite economic growth, says watchdog

  Singapore / AFP More than 60 percent of all computer software installed in the Asia-Pacific in 2015 was unlicensed, the worst of any region, despite growing economies and anti-piracy efforts, an industry watchdog said on Wednesday. The Software Alliance — which includes giants like Microsoft, Apple, Intel, Oracle and Adobe — said in a report that the unlicensed software ...

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Sime Darby posts $161.9mn profit

  KUALA LUMPUR / AFP Malaysia’s Sime Darby, the world’s biggest listed palm-oil producer, on Wednesday announced a 60 percent quarterly profit rise but warned of a tough outlook amid slow global demand and lower weather-reduced output. In a statement, Chief Executive Mohamad Bakke Salleh attributed the improved year-on-year earnings to sales of certain assets. The company had said in ...

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