STORIES TAGGED WITH

  • World Biz  |  AUGUST 21, 2014 12:19 AM

    Barnes & Noble sells Samsung tablet with Nook software

    Story by
    www.bloomberg.com

    Barnes & Noble Inc. began selling a Nook-branded tablet made by Samsung Electronics Co., aiming to use the South Korean company’s technology prowess to challenge Amazon.com Inc.’s Kindle in the electronic-reader market. The new Samsung Galaxy Tab Nook is a …

     
  • World Biz  |  AUGUST 21, 2014 12:11 AM

    Carlsberg skimps on Russian beer to limit price

    Story by
    www.bloomberg.com

    Carlsberg A/S, Russia’s biggest brewer, is filling some bottles with less beer and making others smaller in the country as it seeks to limit price increases amid political upheaval, its chief executive officer said. The measures mean “we don’t have …

     
  • World Biz  |  AUGUST 21, 2014 12:05 AM

    Verizon to issue RM42 bil of debt for exchange offer

    Story by
    www.bloomberg.com

    Verizon Communications Inc. plans to issue as much as US$13.3 billion (RM42 billion) of new notes as part of a debt exchange offer to lower borrowing costs. Verizon is seeking to take advantage of yields that are near record lows …

     
  • Corporate  |  AUGUST 20, 2014 11:55 PM

    Najib urges ACCCIM to expand business in China

    Story by
    www.bernama.com

    The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) has been urged to capitalise on opportunities to expand business and investment in China. Prime Minister Najib Razak said likewise, ACCCIM should encourage its Chinese partners to explore business and …

     
  • Finance  |  AUGUST 20, 2014 10:00 PM

    Islamic finance asset to grow up to 15% over next 5 years

    Story by
    www.bernama.com

    The domestic Islamic finance asset is expected to continue posting double-digit growth at between 10% to 15% over the next five years, said the Association of Islamic Banking Institutions Malaysia (AIBIM). “The market place and the awareness on Islamic finance is …

     
  • World Biz  |  AUGUST 20, 2014 9:52 PM

    Fuji Xerox receives high ranking in JD Power studies

    Story by
    www.bernama.com

    Fuji Xerox Co Ltd received the highest rankings for five consecutive years both in the 2014 Japan Colour Copier Customer Satisfaction Index Study and the 2014 Japan Colour Printer Customer Satisfaction Index Study. In a statement today, Fuji Xerox said …

     
  • Corporate  |  AUGUST 20, 2014 9:44 PM

    Gas Malaysia posts higher pre-tax profit in 2Q

    Story by
    www.bernama.com

    Gas Malaysia Bhd’s pre-tax profit rose to RM63.31 million for the second quarter ended June 30, 2014 from RM59.48 million in the same period last year. Revenue increased to RM677.99 million from RM593.84 million previously. In a filing to Bursa Malaysia, the …

     
  • Issues  |  AUGUST 20, 2014 9:00 PM

    Guaranteed returns from crude oil trading?

    Story by
    [email protected]

    A new investment scheme is gaining ground in Malaysia, promising 12% in returns every year through buying and selling crude oil. But is it too good to be true? KiniBiz swivels the spotlight on the scheme in this two-part series.

     
  • World Biz  |  AUGUST 20, 2014 8:45 PM

    Goldman Sachs credit-sales co-head to leave at year-end

    Story by
    www.bloomberg.com

    John Shaffer, co-head of New York credit sales at Goldman Sachs Group Inc., will leave the firm at the end of the year. Shaffer joined the firm in 2007 as head of the high-yield and distressed sales group and was …

     
  • World Biz  |  AUGUST 20, 2014 8:26 PM

    Apple, Google CEO contender seeking 2nd act in Silicon Valley

    Story by
    www.bloomberg.com

    Joe Costello was once a contender for the top jobs at Apple Inc., Google Inc. and Yahoo! Inc. Then, he all but vanished from Silicon Valley’s elite circles. Now, the technology veteran is back, though in a smaller role. The …

     
  • Commodities  |  AUGUST 20, 2014 8:04 PM

    CPO futures prices fall on selling pressure

    Story by
    www.bernama.com

    Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives hit the lowest level since almost five years at the close today on continued selling pressure, a dealer said. Phillip Futures Sdn Bhd derivative product specialist, David Ng, said prices plunged …

     
  • Corporate  |  AUGUST 20, 2014 7:57 PM

    Dagang Nexchange 2Q pre-tax profit rises to RM6.51 mil

    Story by
    www.bernama.com

    Dagang NeXchange Bhd’s (DNeX) pre-tax profit for the second quarter ended June 30, 2014 rose to RM6.51 million from RM4.89 million in the same quarter a year ago. Revenue decreased to RM20.59 million from RM24.9 million previously, the company said in …

     
  • Corporate  |  AUGUST 20, 2014 7:34 PM

    Deleum half-year earnings up 25% on Oilfield Services Boost

    Story by
    [email protected]

    The company’s Oilfield Services segment nearly tripled its earnings for the current six-month period to date on increased activities, offsetting losses from the maintenance segment

     
  • Corporate & Featured and Exclusive  |  AUGUST 20, 2014 7:33 PM

    AirAsia’s earnings continue to slide, down 17% in 2Q

    Story by
    [email protected]

    Operating profit reported at RM174 million for the second quarter ended June, 17% lower than the same quarter last year and 22% lower than the preceding quarter.

     
  • Corporate  |  AUGUST 20, 2014 6:51 PM

    Boustead Plantations 2Q pre-tax profit rises to RM20.97 mil

    Story by
    www.bernama.com

    Boustead Plantations Bhd’s pre-tax profit for the second quarter ended June 30, 2014 rose to RM20.97 million compared with a pre-tax loss of RM16.53 million in the corresponding period last year. Its revenue increased to RM188.72 million from RM151.77 million …

     
  • Corporate  |  AUGUST 20, 2014 6:43 PM

    MSM pre-tax profit for 2Q falls to RM102.9 mil

    Story by
    www.bernama.com

    MSM Malaysia Holdings Bhd's pre-tax profit for the second quarter ended June 30, 2014 fell to RM102.9 million from RM123.2 million a year ago.

     
  • Markets  |  AUGUST 20, 2014 6:37 PM

    KL shares close on a bullish note, all-time high volume

    Story by
    www.bernama.com

    Shares on Bursa Malaysia closed on a bullish note today. Dealers say that volume was at an all-time high.

     
  • Corporate & Finance  |  AUGUST 20, 2014 6:33 PM

    Credit Guarantee Corp CEO to retire in Dec

    Story by
    [email protected]

    Credit Guarantee Corporation Malaysia Berhad (CGC) is set to see its long-time president and chief executive officer Wan Azhar Wan Ahmad leave by year-end on retirement.

     
  • Economy & Featured and Exclusive  |  AUGUST 20, 2014 6:17 PM

    Malaysia’s annual inflation below expectations at 3.2%

    Story by
    www.reuters.com

    Malaysia's consumer price index in July rose 3.2% from a year earlier, marginally below expectations and easing slightly from a month ago, data from the Statistics Department showed on Wednesday.

     
  • Corporate  |  AUGUST 20, 2014 6:15 PM

    KLK 3Q14 profits up 21% on higher output, lower costs

    Story by
    [email protected]

    Plantations player Kuala Lumpur Kepong Bhd (KLK) saw its pre-tax earnings for the third quarter ended June 30, 2014 rose 21% on favourable selling prices, higher production and lower costs. In a regulatory filing, KLK said its profit before tax …

     
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