• Economy, Featured and Exclusive, World Biz  |  AUGUST 22, 2014 8:24 AM

    Indonesia court upholds Jokowi’s victory

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    Indonesia's highest court on Thursday unanimously upheld last month's presidential election result, paving the way for Joko Widodo to take over as leader of the world's third largest democracy.

  • StockStalk  |  AUGUST 22, 2014 8:00 AM

    AirAsia: The worst is over, what’s next?

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    Malaysia’s homegrown budget airline has weathered through a ferocious price war relatively unscathed. What can it promise investors who jump in now, at a three-year low in the share price?

  • World Biz  |  AUGUST 22, 2014 7:57 AM

    Thailand delays RM6 bil Bangkok airport expansion

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    Airports of Thailand Pcl, the country's largest airport operator, said on Thursday it has delayed a US$1.9 billion (RM6.2 billion) expansion plan at Bangkok's Suvarnabhumi airport pending a review by the military government.

  • Commodities  |  AUGUST 22, 2014 7:33 AM

    Gold hits two month low as Fed hike fears sparks selloff

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    Gold slid 1.3% to its lowest in two months on Thursday, extending losses to a fifth consecutive session, as fears about an early interest rate hike by the US Federal Reserve sparked a technical selloff after prices broke below a key support level.

  • Markets  |  AUGUST 22, 2014 7:23 AM

    US dollar softens on potential new Fed policy

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    The dollar surrendered some recent gains on Thursday as central bankers gathered for a three-day meeting in Wyoming that will feature a potentially market-rattling speech by Federal Reserve Chair Janet Yellen.

  • Commodities  |  AUGUST 22, 2014 7:10 AM

    US and Brent crude futures rise on positive econ data

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    US and Brent crude futures rose on Thursday, lifted by supportive economic data from the United States after a plentiful supply picture and Chinese economic data had earlier pressured prices.

  • Markets  |  AUGUST 22, 2014 6:56 AM

    US stocks end higher on healthy economic news

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    US stocks ended higher on Thursday, with the S&P 500 at a record after a flurry of positive economic data, as investors hoped for signs from an annual meeting of central bankers that interest-rate hikes are not imminent.

  • Opinion  |  AUGUST 22, 2014 6:44 AM

    The stock market’s missing ingredient

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    While there had never before been so much misleading content so freely offered by so many unqualified fear mongers, the paradox is that t the less interested the public seems to be in stocks, the higher they seem to go.

  • Opinion  |  AUGUST 22, 2014 6:32 AM

    Putin’s war on McDonalds

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    After operating continuously for more than 24 years, McDonald's restaurants in Moscow, have fallen afoul of Rospotrebnadzor, the regulator that President Vladimir Putin's government has often used to punish countries seen as unfriendly toward the Kremlin.

  • World Biz  |  AUGUST 21, 2014 10:54 PM

    “StanChart will work with regulators after UAE warning”

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    Standard Chartered on Thursday said it would work with regulators after the United Arab Emirates central bank warned it could face legal action after agreeing to close some customers’ UAE accounts in an anti-money laundering settlement. “We have noted the …

  • World Biz  |  AUGUST 21, 2014 10:48 PM

    Don’t let them eat cake – John Lewis cuts loyalty perks

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    John Lewis, Britain’s biggest department store chain, has dropped one of the key benefits of its loyalty card scheme – regular free tea, coffee and cake – less than a year after introducing the perk. The 150-year-old group, whose worker …

  • Economy  |  AUGUST 21, 2014 10:21 PM

    Right time to take M’sia to the next level- economist

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    Malaysia has reached a point where certain right policies should be introduced in order to take the country to the next level, said Fung Global Institute (Hong Kong) president, Andrew Sheng Len Tao. He said Malaysia was geographically well-positioned at …

  • Corporate  |  AUGUST 21, 2014 10:13 PM

    Ongkili confident Langat 2 will be completed on time

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    Energy, Green Technology and Water Minister, Dr Maximus Ongkili is confident that the construction of the Air Langat Water Treatment Plant 2 (Langat 2) will be completed within the period set. He said when visiting the project site today, he …

  • Corporate  |  AUGUST 21, 2014 9:24 PM

    M’sia clinches RM3 bil deal at Farnborough Airshow

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    About RM3 billion worth of business in the form of potential investment and export opportunities of Malaysian aerospace products and services was generated through seminars and business to business sessions during the Farnborough International Airshow (FIA) 2014. The Malaysian pavillion …

  • Issues  |  AUGUST 21, 2014 9:00 PM

    Is the crude oil scheme too good too be true?

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    Amid transparency issues and reported links to a man reportedly convicted of fraud, the crude oil investment scheme is actively seeking regulation from Malaysian authorities, said its promoters.

  • Corporate  |  AUGUST 21, 2014 8:29 PM

    Oriental 2Q pre-tax profit surges to RM74.17 mil

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    Oriental Holdings Bhd’s pre-tax profit for the second quarter ended June 30, 2014 rose to RM74.17 million from RM31.91 million in the same period last year. Revenue increased to RM889.26 million from RM661.8 million previously, it said in a filing …

  • Commodities  |  AUGUST 21, 2014 8:24 PM

    CPO futures prices continue downtrend

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    Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives continued its downtrend for the seventh consecutive trading days to close at its lowest level since October 2009 today, a dealer said. He said the prices continued to fall due …

  • Corporate  |  AUGUST 21, 2014 8:22 PM

    Dialog pre-tax profit rises to RM276.5 mil in FY2014

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    Dialog Group Bhd’s pre-tax profit grew to RM276.5 million for the financial year ended June 30, 2014 from RM232.33 million raked in the previous financial year. Revenue jumped 14.1%, during the period under review, to RM2.55 billion from RM2.34 billion …

  • Corporate  |  AUGUST 21, 2014 8:17 PM

    Econpile posts RM45 mil pre-tax profits on property boost

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    Econpile Holdings Bhd reported a revenue of RM418.7 million for the financial year just ended. The group had also recorded a profit before tax of RM45.6 million, with both revenue and profits attributed to the piling and foundation services which …

  • Corporate  |  AUGUST 21, 2014 8:15 PM

    QL Resources posts RM40 mil 1Q profits

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    QL Resources Bhd, an agro-food company, posted revenue of RM653.5 million for the first quarter of the financial year ending 2015 (1QFY15), up 12% from the same corresponding period the previous year. The company registered profit before tax (PBT) of …