• World Biz  |  APRIL 16, 2014 6:13 PM

    Samsung sticks it to Apple with Swiss Railways deal

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    Samsung Electronics sent out a press release last week saying its gadgets had been chosen for a technology buildout at Swiss Federal Railways. Starting this month, the South Korean giant will begin to supply 30,000 mobile devices to Switzerland’s state-owned …

  • Corporate  |  APRIL 16, 2014 6:08 PM

    Companies generate RM94.3 mil sales at HK light show

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    Malaysian lighting companies generated RM94.3 million in sales at the Hong Kong International Lighting Fair 2014, Spring Edition (HKILF) from April 6-9, 2014. The companies, which participated in the exhibition under the Malaysia External Trade Development Corp (Matrade) umbrella, received strong interest from buyers …

  • Corporate  |  APRIL 16, 2014 6:02 PM

    Kian Joo to hold EGM on May 23 to decide on takeover offers

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    Kian Joo Can Factory Bhd will hold an extraordinary general meeting (EGM) on May 23, 2014 for shareholders to decide on the proposals to acquire the company, said its Group chief financial officer, Ooi Teik Huat. “The company will consider any credible offer …

  • Markets & World Biz  |  APRIL 16, 2014 5:45 PM

    Most emerging stocks drop as Micex falls

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    Most emerging-market stocks retreated as declines in Russian and Indian equities offset a rally in Internet companies.

  • Corporate  |  APRIL 16, 2014 5:39 PM

    MIDA to continue promoting high tech FDI

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    The Malaysia Investment Development Authority (MIDA) will continue to promote high technology foreign direct investment (FDI) projects or ventures which offer strong potential for the national economy. Foreign investment coordination division director Arham Abdul Rahman said with the current steady growth of the aerospace …

  • Markets  |  APRIL 16, 2014 5:32 PM

    KL shares close on weaker note

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    Share prices on Bursa Malaysia closed lower today, weighed by losses in selected heavyweights amid the lack of strong leads, dealers said. The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) ended 8.51 points lower at 1,845.37 after trading between 1,845.37 and 1,854.62 throughout …

  • Commodities  |  APRIL 16, 2014 5:25 PM

    Rubber prices end mixed to lower

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    Malaysian rubber prices closed mixed to lower today on weaker economic data from China. A trader said the positive sentiment brought by rallies on Tokyo Commodity Exchange and Shanghai Futures Exchange earlier was countered by a report that China’s gross domestic product growth …

  • World Biz  |  APRIL 16, 2014 5:17 PM

    Credit Suisse profit falls as investment banking weakens

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    Credit Suisse, Switzerland’s second-largest bank, said Wednesday that its net profit dropped by a third to 859 million Swiss francs (RM3.1 billion) in the first quarter as its investment banking branch posted lower earnings. Analysts had expected a profit of some 1 billion …

  • World Biz  |  APRIL 16, 2014 5:05 PM

    Tesco to step up price cuts as CEO defies pressure to quit

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    Tesco, Britain’s biggest retailer, said it would slash millions of pounds off prices to win back customers as a second year of falling profit stepped up pressure on chief executive Philip Clarke to quit. Clarke insisted he would see through his “bold” plan …

  • TigerTalk  |  APRIL 16, 2014 4:36 PM

    A tale about 1MDB and CCM

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    Tiger is a simple creature which prefers to make things easy so that everyone can relax and take a welcome snooze under a shady jungle tree after a hearty mid-day meal. But 1Malaysia Development Bhd or 1MDB makes that tough and the Companies Commission of Malaysia or CCM makes it tougher. Let Tiger explain.

  • Corporate  |  APRIL 16, 2014 4:27 PM

    Petronas Dagangan allocates RM500 mil for capex this year

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    Petronas Dagangan Bhd will allocate RM500 million for capital expenditure (capex) this year to increase retail network and improve operating efficiency. Chairman Wan Zulkiflee Wan Ariffin said the capex would be used to increase the number of petrol stations, automation at liquefied petroleum …

  • Corporate  |  APRIL 16, 2014 4:16 PM

    Rising middle class to drive automotive demand in M’sia

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    A global survey by Nielsen shows that seven out of 10 Malaysians intend to acquire a car within the next two years on  rising income levels and more households joining the middle class. The Nielsen Global Survey of Automotive Demand found …

  • Corporate  |  APRIL 16, 2014 4:09 PM

    RAM Ratings reaffirms AAA rating for Etiqa Insurance

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    RAM Ratings has reaffirmed the AAA/stable/P1 rating of Etiqa Insurance Bhd’s (EIB) claims-paying ability and AA1/stable rating of its RM500 million subordinated bonds. RAM said the rating reflects the company’s ability to leverage the vast network of its ultimate parent, Malayan Banking Bhd …

  • World Biz  |  APRIL 16, 2014 4:02 PM

    Toyota meets Hyundai challenge with restyled Camry

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    Toyota Motor Corp is making rare styling changes in the Camry sedan just halfway into the car’s usual design cycle, a sign the automaker is eager to stem gains made by Hyundai Motor Co’s Sonata, which also is being reworked …

  • Corporate & World Biz  |  APRIL 16, 2014 4:00 PM

    SMEO, Rheinmetall sign MOU for pyrotechnics parts supply

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    Malaysia’s SME Ordnance Sdn Bhd (SMEO) and Germany-based Rheinmetall Waffe Munition GmbH signed a Memorandum of Understanding (MoU) today to supply component parts of pyrotechnics for the Malaysian defence forces and Royal Malaysia Police. Rheinmetall Waffe Munition GmBH is a global leading manufacturer …

  • Markets  |  APRIL 16, 2014 3:41 PM

    KL shares lower at mid-afternoon

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    Trading on Bursa Malaysia was lacklustre at mid-afternoon today, weighed down by losses in selected heavyweights. At 3.09pm, the key index eased 4.71 points at 1,849.17. Of the heavyweights, Telekom lost 12 sen to RM5.92, TNB eased four sen to RM11.88, Maybank …

  • World Biz  |  APRIL 16, 2014 3:35 PM

    Alibaba’s growth accelerates, IPO filing expected next week

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    Alibaba Group Holding Ltd’s revenue growth accelerated in the last quarter of 2013, a timely lift for the Chinese Internet company as it prepares to file a prospectus next week for its highly anticipated initial public offering. Alibaba is expected to file prospectus for …

  • World Biz  |  APRIL 16, 2014 3:16 PM

    Small is beautiful for Coca-Cola as volumes soar in China

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    Strong sales volume growth in China helped The Coca-Cola Co beat quarterly revenue estimates as lower-priced, smaller soda bottles and juices attracted more price and health-conscious shoppers in the world’s second largest economy. Case volumes in China rose 12% in the first quarter of the …

  • Corporate  |  APRIL 16, 2014 3:07 PM

    Sjotveit wins ‘Outstanding Entrepreneurship Award’

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    Sarawak Energy Bhd’s chief executive officer, Torstein Dale Sjotveit, has won the ‘Outstanding Entrepreneurship Award’ in the oil and gas, mining and energy category. It said Sjotveit received the award at the Asia-Pacific Entrepreneurship Awards (APEA) Brunei-Indonesia-Malaysia-Philippines East Asean Growth Area (BIMP-EAGA) 2014, which …

  • Corporate  |  APRIL 16, 2014 3:03 PM

    LBS Bina to launch 2 projects in Iskandar Malaysia

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    LBS Bina Group Bhd is set to launch two more development projects in Iskandar Malaysia, in a move to tap the red-hot property demand in the booming economic zone. The projects would be undertaken by the company itself, and fall into the mid-range …