Siemens AG, a German based corporation intends to cut jobs and lay off more than 15,000 employees worldwide in the wake of challenging economy situation.
The decision was announced by Siemens head Peter Loescher, who has been aggressively restructuring the organization since been appointed as the Chief Executive Officer (CEO) more than a year ago.
The move [...]

Globetronics Technology, is expanding its Malaysia operation and will be investing RM70 million in new plant set up and development of high technology products to support the growing customers’ needs.
The company is an Electronic Manufacturing Services (EMS) company, which is a contract manufacturing company that produces semiconductor-based products and solution, for its OEM (Original Equipment [...]

Al-Aqeelah, a Kuwait based corporation, plans to set up a flying academy in Malaysia, investing a massive US100 million for the project.
The aviation academy will conduct various range of licensing courses for private, commercial and transporting pilots.
The Al-Aqeelah group has major businesses in aviation, real estate, industrial, fund management, oil and gas services, finance and [...]

The latest semiconductor company ranking, which is based on the sales up to the first quarter of 2008 (Q1′08), has not shown major changes in terms of positioning in the ranking, compared to the year 2007.
Companies from the United States, Japan and South Korea have been dominating the top spots for a number of years, [...]