• Corporate  |  OCTOBER 24, 2014 12:09 AM

    Felda to build 20,000 affordable homes in 5 years

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    Felda is targeting to build 20,000 units of affordable homes throughout the country within five years, said its chairman Mohd Isa Abdul Samad.

  • Economy  |  OCTOBER 23, 2014 9:49 PM

    Spanish unemployment lowest since 2011 as economy grows

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    Spain’s unemployment rate fell to the lowest since the end of 2011 in the third quarter, as its economy turned into one of the fastest-growing in the euro region.

  • World Biz  |  OCTOBER 23, 2014 9:30 PM

    Tesco looks for new chairman to reverse fortune

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    Attention on Tesco Plc is now focused on who will replace Richard Broadbent as chairman of the biggest UK grocer, with recent non-executive appointment Richard Cousins of Compass Group Plc and ITV Group Plc chairman Archie Norman being named as potential candidates.

  • World Biz  |  OCTOBER 23, 2014 9:07 PM

    Vale’s iron ore output exceeds estimates

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    Vale SA, the world’s largest iron ore producer, exceeded analysts’ estimates to post record quarterly output on increases at existing mines and as new projects began production.

  • World Biz  |  OCTOBER 23, 2014 8:53 PM

    Suppliers question Airbus A380 engine upgrade

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    The case for developing new engines for a sales-boosting upgrade to Airbus's A380 passenger jet has been called into question by a partner in one of the planemaker's engine suppliers.

  • Corporate  |  OCTOBER 23, 2014 8:34 PM

    MAHB exercises right in Turkish airport’s stake

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    Malaysia Airports Holdings Bhd (MAHB) has exercised its right of first refusal to acquire the remaining 40% stakes in Istanbul Sabiha Gokcen Uluslararasi Havalimani Yatirim, Yapim ve Isletme AS (ISG) and LGM Havalimani Isletmeleri Ticaret ve Turizm AS, which is currently owned by Limak Group for RM1.18 billion.

  • World Biz  |  OCTOBER 23, 2014 8:26 PM

    GM’s 3Q profit rises 1% amidst vehicle recalls

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    General Motors Co, trying to put its record recalls behind it, said third quarter profit rose 1%, less than a month after chief executive officer Mary Barra told investors that the automaker is pushing to boost performance.

  • Corporate & Featured and Exclusive  |  OCTOBER 23, 2014 8:15 PM

    Kulim to make RM1.6bil from NBPOL sale

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    Sime Darby to receive payment of RM2.7 billion for Kulim’s 49% stake in the Papua New Guinea based oil palm grower

  • Corporate  |  OCTOBER 23, 2014 7:54 PM

    Sapura Resources accepts RM286.5mil assistance

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    Sapura Resources Bhd has accepted a shareholder's financial assistance of RM286.5 million from Sapura Holdings Sdn Bhd.

  • Corporate  |  OCTOBER 23, 2014 7:47 PM

    Maybank Investment issues new call warrants

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    Maybank Investment Bank Bhd has issued eight new European style cash-settled call warrants over ordinary shares of Felda Global Ventures Holdings Bhd, Hap Seng Plantations Holdings Bhd, Keck Seng (Malaysia) Bhd, Kulim (Malaysia) Bhd, Sarawak Oil Palms Bhd, TH Plantations Bhd, TSH Resources Bhd, and United Plantations Bhd.

  • Corporate & Property  |  OCTOBER 23, 2014 7:25 PM

    Eco World to extend deadline for assets injection exercise

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    Eco World Development Group Bhd is extending the deadline for its assets injection exercise by four months in order to fulfill all conditions precedent for the multiple proposals.

  • Corporate  |  OCTOBER 23, 2014 7:14 PM

    Bank Rakyat’s first half pre-tax profit increases 0.22%

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    Bank Rakyat posted a 0.22% increase in profit before zakat and tax of RM1.109 billion in the second quarter ended June 20, 2014, from RM1.107,44 billion in the corresponding period last year.

  • Corporate  |  OCTOBER 23, 2014 6:28 PM

    Kenanga issues new European style call warrants

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    Kenanga Investment Bank Bhd has issued eight new European-style cash-settled call warrants over the ordinary shares of Berjaya Auto Bhd, Malaysia Building Society Bhd, Press Metal Bhd, QL Resources Bhd, RHB Capital Bhd, Sunway Bhd, Tenaga Nasional Bhd, and Yinson Holdings Bhd.

  • Markets  |  OCTOBER 23, 2014 6:22 PM

    Ringgit eases against US$ at close

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    The ringgit closed lower against the US dollar today, on weak buying sentiment despite the stronger regional currencies, a dealer said.

  • Corporate  |  OCTOBER 23, 2014 6:13 PM

    AirAsia to launch daily flights to Nay Pyi Taw, Myanmar

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    AirAsia will launch daily direct flights between Kuala Lumpur and Nay Pyi Taw, Myanmar, starting Nov 10, 2014.

  • Commodities  |  OCTOBER 23, 2014 6:09 PM

    M’sian rubber prices hit 6-week high at close

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    The Malaysian rubber market hit a six-week high at close today, boosted by the weaker yen and coupled with the Thai government's announcement to help planters, a dealer said.

  • Markets  |  OCTOBER 23, 2014 6:04 PM

    KL shares end on high note, CI up 14.46 pts

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    Share prices on Bursa Malaysia closed sharply higher, boosted by industrial, as well as trade and services-related companies, dealers said.

  • Finance  |  OCTOBER 23, 2014 5:28 PM

    BNM’s international reserves at RM416.3bil as at Oct 15

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    "The reserves position is sufficient to finance 8.6 months of retained imports, and is 1.2 times the short-term external debt," BNM said in a statement today.

  • Corporate  |  OCTOBER 23, 2014 5:15 PM

    Carimin bidding for RM800 mil worth of contracts

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    Carimin Petroleum Bhd, which is en route to listing on the Main Market of Bursa Malaysia, said today that it is bidding for an estimated RM800 million worth of contracts from oil and gas players operating in Malaysia.

  • World Biz  |  OCTOBER 23, 2014 5:08 PM

    Reebok fined over false shoebox claims in Australia

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    The Federal Court of Australia on Thursday fined Reebok for falsely claiming its EasyTone line of sports shoes helped tone leg muscles faster than others, broadcaster ABC reported.