• Markets  |  OCTOBER 20, 2014 3:55 PM

    KL shares higher at mid-afternoon

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    At 3 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,800.22 points, up 11.91 points.

  • Corporate, Economy, Featured and Exclusive  |  OCTOBER 20, 2014 3:51 PM

    High household debt in SEA manageable: Moody’s

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    Moody’s Investors Service said the high of household debt in Southeast Asia remains manageable, as governments have monetary and fiscal options to control it if necessary.

  • Events  |  OCTOBER 20, 2014 3:47 PM

    Miga CEO to visit Malaysia this week

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    Multilateral Investment Guarantee Agency (Miga) executive vice president/chief executive officer, Keiko Honda, will visit Malaysia this week.

  • Corporate  |  OCTOBER 20, 2014 3:37 PM

    Bursa Malaysia’s 3Q pre-tax profit increases 14 %

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    Bursa Malaysia Bhd's pre-tax profit for the third quarter ended Sept 30, 2014 rose 14% to RM73.62 million from RM64.46 million in the same period of 2013.

  • World Biz  |  OCTOBER 20, 2014 3:30 PM

    Adidas gains on possible offer for Reebok

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    Adidas AG, the world’s second biggest sporting goods maker, jumped in Frankfurt on speculation that a group of investors plan to bid about 1.7 billion euros (RM7.1 billion) for the company’s Reebok unit.

  • World Biz  |  OCTOBER 20, 2014 3:21 PM

    China said to appoint central bank official as AgBank chief

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    China appointed Liu Shiyu, a deputy governor of the central bank, as head of Agricultural Bank of China Ltd, the nation’s third biggest lender, a person familiar with the matter said.

  • World Biz  |  OCTOBER 20, 2014 3:17 PM

    Bangkok Airway’s RM1.3 bil IPO two times oversubscribed

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    A US$401 million (RM1.3 billion) initial public offering (IPO) of Thai full-service carrier Bangkok Airways PCL was almost two times oversubscribed by institutional investors, underwriter Bualuang Securities said on Monday.

  • TigerTalk  |  OCTOBER 20, 2014 3:14 PM

    A strong case for taxing capital gains

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    Malaysia must consider taxing profits made from stock market and bond trading. Far from stifling investment, a capital gains tax is a strong signal to the market that speculation must give way to value investing. Capital gains tax – should …

  • Corporate  |  OCTOBER 20, 2014 3:10 PM

    PBB offers up to 4.08% profit rate

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    Public Bank Bhd (PBB) and Public Islamic Bank Bhd (PIBB) have jointly launched a 'PB FD Xtra' campaign to reward customers with higher promotional profit rates of up to 4.08% per year.

  • World Biz  |  OCTOBER 20, 2014 3:03 PM

    Samsung Engineering set to win RM3.3bil LNG contract

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    Samsung Engineering Co, South Korea’s largest engineering company, expects to win its first liquefied natural gas (LNG) project contract that could be worth more than US$1 billion (RM3.3 billion).

  • Commodities & World Biz  |  OCTOBER 20, 2014 2:58 PM

    Oilfield shutdown may force Asian buyers to spot market

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    A production halt at an oilfield run jointly by Saudi Arabia and Kuwait is expected to curb crude supply to Asian buyers - mainly Japanese and South Korean refiners - likely forcing them to turn to the Middle East spot market, traders said on Monday.

  • World Biz  |  OCTOBER 20, 2014 2:52 PM

    Philips’ profit misses estimates

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    Royal Philips NV’s third quarter earnings missed analyst estimates, amid sluggish demand in China and Russia.

  • World Biz  |  OCTOBER 20, 2014 2:40 PM

    Blackstone enters luxury jet financing market

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    Blackstone Group LP, vying with financiers including Citigroup Inc, is starting a new fund to provide loans for a luxury jet market, which projected to reach US$280 billion (RM916.7 billion) over the next decade.

  • Commodities  |  OCTOBER 20, 2014 1:57 PM

    KLTM increases by US$100 to close at US$19,400

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    The Kuala Lumpur Tin Market (KLTM) rose by US$100 to close at US$19,400 a tonne today in tandem with the firmer London Metal Exchange (LME), a dealer said.

  • Corporate & Featured and Exclusive  |  OCTOBER 20, 2014 1:56 PM

    Researchers see jump in inflation after subsidy cuts

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    Affin Hwang Capital Research expects the inflation rate to increase 3.3% in October following the government's fuel subsidy rationalisation programme.

  • Markets  |  OCTOBER 20, 2014 1:52 PM

    KL shares higher at mid-day, KLCI up 0.79%

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    The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) finished the morning session 14.24 points or 0.79% better at 1,802.55, bolstered by gains seen in finance-linked companies, led by Malayan Banking Bhd.

  • Economy, Featured and Exclusive, World Biz  |  OCTOBER 20, 2014 1:00 PM

    Jokowi takes over as President

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    Indonesia's Joko Widodo will on Monday take over as president of the world's third-largest democracy with supporters' hopes high but pressing economic problems and sceptical rivals set to test the former furniture businessman.

  • Corporate, Featured and Exclusive, World Biz  |  OCTOBER 20, 2014 12:18 PM

    McDonald’s costly burgers send diners to fancier rivals

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    Mike Hiner used to take his grandsons to McDonald’s when they wanted a treat. With higher wage and food costs pushing up prices at the Golden Arches, he’s increasingly taking them to IHOP, Denny’s and Chili’s instead.

  • Economy  |  OCTOBER 20, 2014 12:07 PM

    Ageing Aussies have to accept working longer

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    Australia’s looming legions of elderly need to accept they will work longer, central bank official Christopher Kent said, signaling support for a government plan to raise retirement to the highest in the world.

  • Corporate, Economy, Featured and Exclusive  |  OCTOBER 20, 2014 11:45 AM

    Duty free islands exempted from GST, says Maslan

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    Duty-free islands of Langkawi, Tioman and Labuan will be exempted from the Goods and Services (GST), said Deputy Finance Minister Ahmad Maslan.