• Economy, Property, World Biz  |  SEPTEMBER 30, 2014 5:38 PM

    China relaxed mortgage rules for second-home buyers

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    China relaxed mortgage rules for second-home buyers on Tuesday by cutting their interest rates and downpayment levels, taking a major step toward rejuvenating flagging growth in the world’s second biggest economy. Second-home buyers can now get a 30% discount on …

  • Commodities  |  SEPTEMBER 30, 2014 5:38 PM

    Rubber market closes mixed

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    Malaysian rubber prices rebounded to close mixed today on the ringgit weakening against the US dollar, a dealer said.

  • Corporate & Markets  |  SEPTEMBER 30, 2014 5:37 PM

    ‘KLCI seen as weakest performing regional mart’

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    The Kuala Lumpur stock market had been the second worst performer in the region this year so far, said Maybank KE today, as investors turn to other markets following Malaysian equity market’s strong showing last year. While the benchmark FBM-KLCI …

  • Corporate  |  SEPTEMBER 30, 2014 5:14 PM

    JobStreet promises no job cuts due to acquisition

    Story by Sdn Bhd has promised that there will be no retrenchment following discussions over a possible acquisition of the online employment company by SEEK Asia Investment Pte Ltd.

  • World Biz  |  SEPTEMBER 30, 2014 4:53 PM

    EU investigating Apple’s tax deal with Ireland

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    Apple Inc tax deals with Ireland don’t comply with international standards and the company may need to repay improper subsidies dating back to 2003, the European Union said.

  • Featured and Exclusive & World Biz  |  SEPTEMBER 30, 2014 4:41 PM

    Microsoft to build data centres in India

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    Microsoft Corp will build data centres in India to tap demand for cloud-based computing as it plans to offer its Azure and Office 365 services in the world’s second-most populous nation.

  • Corporate & Featured and Exclusive  |  SEPTEMBER 30, 2014 4:36 PM

    1MDB yet to lodge annual report

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    [email protected]

    1MDB has not lodged its annual report for the financial year ended March 2014 and has likely missed a month-end deadline under company law

  • Markets & World Biz  |  SEPTEMBER 30, 2014 4:33 PM

    HK stocks fall to 3-month low amid protests

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    Hong Kong's benchmark index fell to a three-month low on Tuesday, finishing on its biggest monthly fall since May 2012 as investors dumped shares amid the city's worst civil unrest in decades.

  • Events  |  SEPTEMBER 30, 2014 4:25 PM

    Mapex to be held thrice yearly from next year

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    [email protected]

    The twice-yearly Malaysia Property Expo (Mapex) will become a thrice-yearly affair from 2015, said organiser Real Estate and Housing Developers Association (Rehda) today. Speaking to the media today, Mapex organising committee chairman Ng Seing Liong said the event, which will …

  • World Biz  |  SEPTEMBER 30, 2014 4:15 PM

    Traders grill sausages to feed hungry HK protesters

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    Four traders from BGC Partners Inc, the New York-based brokerage headed by Howard Lutnick and part-owned by his Cantor Fitzgerald LP, turned up at Hong Kong’s pro-democracy protests last night to grill more than 2,000 sausages for the hungry demonstrators. …

  • World Biz  |  SEPTEMBER 30, 2014 4:10 PM

    eBay aims to drive consolidation in Russia

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    Internet auction site eBay intends to drive a wave of consolidation in Russia’s e-commerce market over the next couple of years, persuading smaller companies to get on board as the economy weakens. Launching a marketplace for Russian merchants, eBay Vice …

  • World Biz  |  SEPTEMBER 30, 2014 3:58 PM

    Toshiba, Mitsui complete power station in central Japan

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    Toshiba Corp, Mitsui & Co and partners completed a power station in central Japan that combines solar and wind power technologies. The Aichi prefecture plant, with 50 megawatts of solar capacity and 6 megawatts of wind, will start operations tomorrow, …

  • Corporate  |  SEPTEMBER 30, 2014 3:55 PM

    Gov’t plans restructuring of Terengganu water industry

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    The Ministry of Energy, Green Technology and Water (KeTTHA) will discuss the restructuring of the Terengganu water industry with the state government.

  • Corporate & Featured and Exclusive  |  SEPTEMBER 30, 2014 3:55 PM

    Solve water woes, developers tell Azmin

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    [email protected]

    Developers in Selangor are asking newly minted Menteri Besar Azmin Ali to resolve their longstanding water issue, which had been stalling many projects. Speaking to reporters today, the Selangor branch of the Real Estate Housing and Developers Association (Rehda) said …

  • World Biz  |  SEPTEMBER 30, 2014 3:48 PM

    Japan panel discusses cross-shareholding possibility

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    A government-picked panel today debated whether Japan’s companies should sell stakes in other firms owned to cement business relationships, with rules on the practice expected in a governance code next year. The panel, tasked with working out the details of …

  • Corporate  |  SEPTEMBER 30, 2014 3:38 PM

    UMW adds new jack-up drilling rig

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    [email protected]

    UMW Oil and Gas Corporation Bhd today took delivery of UMW NAGA 6, the first of its  two jack-up drilling rig constructed by China Merchants Heavy Industries (CMHI) at the official delivery ceremony held at the Shenzen shipyard. The other …

  • World Biz  |  SEPTEMBER 30, 2014 3:34 PM

    Bitcoin: Old-fashioned idea to hip new currency

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     Christian Martin and Leonard Nuara go to a lot of bitcoin conferences, and, at 49 and 55, respectively, they invariably feel old. “Everyone else is 25 and good-looking,” Nuara says. The graybeards are trying to help bitcoin grow up. Their …

  • Markets  |  SEPTEMBER 30, 2014 3:29 PM

    KL shares remain mixed at mid-afternoon

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    Share prices on Bursa Malaysia were mixed at mid-afternoon today amid tensions in Hong Kong, dealers said.

  • World Biz  |  SEPTEMBER 30, 2014 3:29 PM

    Lufthansa CEO asks customers for patience during strike

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    Deutsche Lufthansa AG chief executive officer Carsten Spohr asked customers for patience as he grapples with the longest strike in the airline’s history, saying the future of all employees is at stake as he seeks to find a compromise with …

  • Corporate  |  SEPTEMBER 30, 2014 3:21 PM

    Easy Taxi unveils reward plan for taxi drivers

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    Taxi booking app Easy Taxi has announced a competitive 'Super Easy Taxi' reward plan for Malaysian taxi drivers using its new 'iconic' taxis, ranging from RM200 to RM1,000 per month depending on their performance as well as customer ratings.