• Corporate  |  SEPTEMBER 30, 2014 10:10 PM

    Pertamina to buy stake in Murphy M’sia assets for RM6.6 bil

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    PT Pertamina Malaysia Eksplorasi Produksi agreed to buy a 30% stake in Murphy Oil Corp.’s oil and natural gas assets in Malaysia for US$2 billion (RM6.55 billion) in cash. “This transaction allows us to re-deploy the proceeds through an individual …

  • World Biz  |  SEPTEMBER 30, 2014 10:04 PM

    BHP signs RM6.9 bil coal deal with South Africa’s Transnet

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    Transnet SOC Ltd., South Africa’s state-owned ports and rail operator, signed a 10-year, 24 billion-rand (RM6.9 billion) coal-haulage deal with miner BHP Billiton Ltd. to transport the fuel to the country’s ports. “The agreement with BHP is a massive boost …

  • Commodities  |  SEPTEMBER 30, 2014 9:54 PM

    Oil set for biggest quarterly drop since 2012

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    Brent and West Texas Intermediate crude headed for the biggest quarterly decline in more than two years as abundant supplies offset the risk of disruption from conflict in the Middle East. US crude stockpiles probably expanded by 1.5 million barrels …

  • World Biz  |  SEPTEMBER 30, 2014 9:47 PM

    Thai Airways average aircraft loadings down in Aug

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    Flag carrier Thai Airways International PcL said on Tuesday its load factor, an indication of the number of seats sold as a percentage of capacity, fell to 75.3% in August from 78% in the same period last year. The figure …

  • World Biz  |  SEPTEMBER 30, 2014 9:35 PM

    L’Oreal bans all business travel to HK until Oct 6

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    Cosmetics giant L’Oreal has banned all its staff from business travel to Hong Kong until Oct. 6 in reaction to mounting unrest in the former British colony. “It concerns all staff that would have to travel to Hong Kong,” said …

  • Corporate  |  SEPTEMBER 30, 2014 9:24 PM

    Easy Taxi to enhance services for pleasure of passengers

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    Passengers using taxi services will get a ‘new-experience’ as Easy Taxi (ET) pledge to increase their level of services by investing in upgrading taxis within its network. In solidarity with its drivers, ET announced a competitive “Super Easy Taxi” (SET) …

  • Corporate  |  SEPTEMBER 30, 2014 8:33 PM

    TM completes investment in Packet 1

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    Telekom Malaysia Bhd (TM) has completed its investment for a majority ownership in Packet One Networks (Malaysia) Sdn Bhd or P1, the country’s leading WiMAX wireless provider. TM, together with Green Packet Bhd and SK Telecom Co Ltd had signed …

  • Corporate  |  SEPTEMBER 30, 2014 8:29 PM

    Ahmad Shabery tries WiFi service during AirAsia flight

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    Communications and Multimedia Minister Ahmad Shabery Cheek recently tried the Free User Trial (FUT) Wi-Fi service during his AirAsia flight from Miri to Kuala Lumpur. AirAsia in a statement today said the minister was impressed and surprised with the availability …

  • Commodities  |  SEPTEMBER 30, 2014 8:10 PM

    CPO futures close higher

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    Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed higher today, thanks to September’s strong export performance. According to Cargo Surveyor Intertek Testing Services, exports of Malaysian palm oil products during the month rose by 16.3% from a …

  • Corporate  |  SEPTEMBER 30, 2014 7:47 PM

    Tesco to utilise CIMB Bank’s “Plug n Pay” service

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    Malaysia’s leading retailer, Tesco Stores (Malaysia) Sdn Bhd (Tesco Malaysia), today signed a collaboration with CIMB Bank to utilise the bank's "Plug n Pay" service to facilitate payments for Tesco Online home deliveries.

  • Corporate & Property  |  SEPTEMBER 30, 2014 7:32 PM

    Tan & Tan ink JV with Mitsubishi for RM617 mil

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    Tan & Tan Developments Berhad is now officially partnering Japan’s Mitsubishi Jisho Residence in a RM617 million JV to develop a high-rise residential development in the Kuala Lumpur city centre area.

  • Featured and Exclusive & World Biz  |  SEPTEMBER 30, 2014 7:28 PM

    EBay announces plan to spin off PayPal

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    EBay announces plan to spin off its payments arm PayPal, in a move that will create two separate publicly companies.

  • Corporate  |  SEPTEMBER 30, 2014 7:16 PM

    Silk FY14 pre-tax profit falls to RM 41.96 mil

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    Silk Holdings Bhd's pre-tax profit declined to RM41.96 million for the financial year ended July 31, 2014 (FY14) from RM42.93 million a year ago.

  • Corporate  |  SEPTEMBER 30, 2014 7:10 PM

    VS Industry post 15.1% lower pre-tax profit for FY14

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    VS Industry Bhd’s pre-tax profit fell 15.1% to RM41.99 million for the financial year ended July 31, 2014 from RM49.45 million recorded in the same period last year. Revenue, however, surged 47.4% to RM1.72 billion, during the period under review, …

  • Corporate  |  SEPTEMBER 30, 2014 7:03 PM

    Malindo aims to fly 2.25 mil passengers by year-end

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    Malindo Air aims to attract about 2.25 million passengers by year-end following the introduction of new routes, including to Singapore and Bandung, Indonesia, by November and mid-December, respectively. The hybrid airline’s target is lower than the one made late last …

  • Corporate  |  SEPTEMBER 30, 2014 6:59 PM

    CIMB: Merger talks with RHB, MBSB still on table

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    CIMB Group’s acting chief executive Tengku Zafrul Tengku Abdul Aziz said merger discussions with RHB Capital and Malaysia Building Society Bhd (MBSB) are still progressing. “Negotiations are still on the table, the structure has yet to be finalised but we …

  • World Biz  |  SEPTEMBER 30, 2014 6:48 PM

    Ericsson ads break from past with Maersk Line projects

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    Ericsson AB is looking to break from its mobile-networking past with a series of ads that showcase projects such as remote tracking for a Maersk Line shipping vessel and video conferencing at schools in Bhutan. As part of its marketing …

  • World Biz  |  SEPTEMBER 30, 2014 6:40 PM

    Yahoo restricted in China as HK protests spur new control

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    Users trying to access Yahoo! Inc.’s main website from mainland China faced disrupted service today as the government sought to restrict the flow of information amid student-led protests in Hong Kong. The site was inaccessible in some parts of the country, …

  • Markets  |  SEPTEMBER 30, 2014 6:25 PM

    KL shares close easier

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    Shares on Bursa Malaysia gave up its earlier gains to close easier today, with losses seen in selected key heavyweights and small capitalised stocks, dealers said. At close, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.03 of a …

  • Markets  |  SEPTEMBER 30, 2014 5:59 PM

    Ringgit closes flat against the US dollar

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    The ringgit closed flat against the US dollar today as it consolidated from the recent sell-off, said a dealer.