• Markets & World Biz  |  SEPTEMBER 19, 2014 12:05 AM

    Dow average rises to record high on Fed optimism

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    US stocks rose for a third day, sending the Dow Jones Industrial Average to a record, as data showed fewer Americans filing for jobless claims and investors speculated interest rates will remain low. ConAgra Foods Inc., the packaged-food company that …

  • World Biz  |  SEPTEMBER 18, 2014 11:50 PM

    Google ruling response vetted by watchdogs amid complaints

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    Google Inc. faces continued scrutiny over its response to a court ruling on the right to be forgotten after regulators from across the European Union said they’d received complaints from the public. The EU’s 28 privacy regulators continue “to analyze …

  • World Biz  |  SEPTEMBER 18, 2014 11:20 PM

    Alibaba to draw IPO orders from Fidelity to BlackRock

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    At least six big institutional investors are poised to take substantial stakes in Alibaba Group Holding Ltd., people familiar with the matter said. Fidelity Investments, BlackRock Inc. and T. Rowe Price Group Inc. have asked for some of the largest …

  • Enterprise & Issues  |  SEPTEMBER 18, 2014 9:00 PM

    Benithem goes for quality over quantity

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    Selling the same number of chairs over 10 years does not sound like good business. But it does if you sell it at five times the price. Benithem’s founder explains how focus on quality has helped him sell more expensive chairs.

  • Corporate  |  SEPTEMBER 18, 2014 8:57 PM

    MNRB cautiously optimistic of FY15

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    MNRB Holdings Bhd is cautiously optimistic of the group’s prospects for the 2015 financial year, said resident/chief executive officer, Mohd Din Merican. Mohd Din said the investment holding company put in a lot of efforts to improve its businesses and …

  • Corporate  |  SEPTEMBER 18, 2014 8:38 PM

    YFG unit bags RM17.43 mil Mitrajaya contract

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    YFG Bhd’s unit, YFG Engineering Sdn Bhd, has secured a RM17.43 million contract from Pembinaan Mitrajaya Sdn Bhd to install electrical fittings in the new condominium in Cyberjaya. In a filing to Bursa Malaysia, YFG said its unit secured the …

  • Corporate  |  SEPTEMBER 18, 2014 8:26 PM

    India, China enhance cooperation in railway sector

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    India and China on Thursday signed several agreements including enhancing bilateral ties in trade and investment and cooperation in the railway

  • Corporate  |  SEPTEMBER 18, 2014 8:19 PM

    REDtone invests in 2 new subsidiaries in China

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    REDtone International Bhd’s indirect unit, REDtone Telecommunications China Ltd has invested in two new subsidiaries incorporated in The People’s Republic of China. In a filing to Bursa Malaysia today, the company said it had subscribed to a 49.8% equity interest …

  • Corporate & Enterprise  |  SEPTEMBER 18, 2014 8:16 PM

    “Entrepreneurs must take advantage of agreements”

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    Entrepreneurs should take advantage of trade facilitation and market liberalisation efforts undertaken by Asia-Pacific countries, said Rafidah Aziz. The former International Trade and Industry Minister said within the Asia-Pacific economies, there were already domestic and regional level support system for …

  • Corporate  |  SEPTEMBER 18, 2014 8:04 PM

    Sun Life eyes RM150 mil premium

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    Sun Life Malaysia Takaful Bhd (Sun Life Takaful) is targeting RM150 million in premium in the first year for its products subscribed through Bank Rakyat’s channels. Sun Life Takaful Chief Executive Officer Muhammad Fikri Mohamad Rawi said the strategic partnership …

  • Corporate  |  SEPTEMBER 18, 2014 7:53 PM

    RHB retains ‘overweight’ on construction sector

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    RHB Research Institute has maintained an “overweight” stance on the construction sector amid the strong momentum of ongoing projects. “We believe the current strong momentum of activities in the sector will be sustained, backed by the Klang Valley mass rapid …

  • Corporate  |  SEPTEMBER 18, 2014 7:41 PM

    MRCB to sell subsidiary to XMT Technologies

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    Malaysian Resources Corporation Bhd (MRCB) is selling its entire equity interest in MRCB Technologies Sdn Bhd to XMT Technologies Holdings Sdn Bhd for RM7.81 million. MRCB, in a filing to Bursa Malaysia today, said the proposed disposal would enable MRCB …

  • Commodities  |  SEPTEMBER 18, 2014 7:37 PM

    CPO prices close mixed

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    Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed mixed today on profit-taking, a dealer said. Phillip Futures Sdn Bhd derivative product specialist, David Ng, said demand was low with investors’ concern about inventories still weighed on the …

  • World Biz  |  SEPTEMBER 18, 2014 7:02 PM

    Nestle says allies to create jobs for Europe youth

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    Nestle SA, the world’s biggest food company, said 100,000 job opportunities will be created for young people within four years as it expands an alliance with about 200 companies including Google Inc. to cut youth joblessness. Nestle plans to provide …

  • World Biz  |  SEPTEMBER 18, 2014 7:00 PM

    Old iPhones to be used to fund purchase of iPhone 6

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    Many of the people rushing to buy an iPhone 6 tomorrow will fund the purchase with a currency that’s growing in value: old iPhones.

  • World Biz  |  SEPTEMBER 18, 2014 6:38 PM

    Mercedes-Benz protects car data via firewall

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    Mercedes-Benz, the world’s third-biggest maker of luxury vehicles, is using a cloud-computing setup to protect data as cars’ mobile links and software expand and the industry prepares for driverless travel. Elements of the technology will include enabling people in a …

  • World Biz  |  SEPTEMBER 18, 2014 6:34 PM

    Unilever heads for weakest sales gain since 2005

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    Unilever, the maker of Dove soaps, may post its slowest annual sales growth in nine years, according to the first analyst estimates published since the company said yesterday that markets have weakened further. Analysts at Oriel Securities and Nomura cut …

  • Corporate, Economy, Featured and Exclusive  |  SEPTEMBER 18, 2014 6:27 PM

    Bank Negara maintains rates at 3.25% during meeting

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    The current stance of monetary policy remains supportive of growth, the central bank said in today’s bi-monthly monetary policy statement, though warning that inflation may rise next year.

  • Corporate  |  SEPTEMBER 18, 2014 6:20 PM

    Genting’s Philippine gaming hub set to break ground

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    The Genting group’s RM3.54 billion Resorts World Bayshore City will break ground within the next thirty days, with its first phase to be completed by 2018 in Pagcor Entertainment City, according to the Philippine Daily Inquirer. Resorts World Bayshore City …

  • Markets  |  SEPTEMBER 18, 2014 6:20 PM

    KL shares close slightly higher after late rebound

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    Bursa Malaysia staged a late rebound to close slightly higher today, dealers said.