• Corporate  |  OCTOBER 23, 2014 3:55 PM

    Lynas completes capital-raising exercise

    Story by

    Just one-third of new shares offered by troubled rare earths miner Lynas Corporation Ltd in an effort to raise A$71 million (RM203.86 million) have been taken up by its shareholders. The 66.5% of shares not bought by shareholders would instead be taken by …

  • World Biz  |  OCTOBER 23, 2014 3:42 PM

    Tesco’s misstatements longer than initially thought

    Story by

    The overstatements will impact second half results as well, the company said.

  • Markets  |  OCTOBER 23, 2014 3:33 PM

    KL shares extend gains at mid-afternoon

    Story by

    Share prices on Bursa Malaysia continued to stay higher at mid-afternoon on buying by fund managers, a dealer said.

  • Issues  |  OCTOBER 23, 2014 3:27 PM

    Will Liew rise on the back of Battersea?

    Story by
    [email protected]

    Former SP Setia general Liew Kee Sin’s proposed special purpose acquisition company (Spac) listing is exciting, though it raises concerns of how his new outfit would hurt the existing Eco World company’s prospects. In this part of the series we look at other concerns on his latest venture — can Liew have his cake and eat it too?

  • World Biz  |  OCTOBER 23, 2014 3:26 PM

    Unilever 3Q sales growth less than estimates

    Story by

    Unilever, the maker of Surf and Rin laundry detergents, reported the slowest third quarter revenue growth in five years, amid a slowdown in emerging markets in Asia.

  • Events  |  OCTOBER 23, 2014 3:15 PM

    Homedec expects sales to reach RM150mil

    Story by

    The Home Decor and Design Exhibition (Homedec) expects sales to rise to RM150 million this year from RM140 million last year.

  • Corporate  |  OCTOBER 23, 2014 3:09 PM

    M’sia to consider appointing chief data scientist

    Story by

    Prime Minister Najib Abdul Razak said the government is considering to appoint a chief data scientist in view of the rapid deployment of MSC Malaysia and digital sector in the country.

  • Corporate  |  OCTOBER 23, 2014 3:08 PM

    Maxis, Celcom to offer iPhone 6, iPhone 6 Plus

    Story by
    [email protected]

    Celcom Axiata Bhd and Maxis Bhd will offer the iPhone 6 and iPhone 6 Plus, beginning on Thursday, Nov 6, 2014. Celcom customers can now pre-register their interest to purchase iPhone 6 and iPhone 6 Plus at Maxis customers …

  • World Biz  |  OCTOBER 23, 2014 3:07 PM

    Nissan expands global recalls due to faulty airbags

    Story by

    Nissan will call back 260,000 vehicles worldwide, including 104,905 units in Japan, Yuriko Masuda, a spokesperson for the Yokohama-based carmaker said today by phone.

  • Corporate, Economy, Featured and Exclusive  |  OCTOBER 23, 2014 2:50 PM

    Fuel subsidy mechanism to benefit less well off

    Story by

    The targeted fuel subsidy mechanism to be implemented in June 2015, is likely to benefit those whose household income is below RM4,000 a month, said Deputy Finance Minister Ahmad Maslan. “It’s almost confirmed that those who receive 1Malaysia People’s Assistance …

  • World Biz  |  OCTOBER 23, 2014 2:50 PM

    Nokia 3Q earnings beat estimates

    Story by

    Nokia Oyj reported earnings topping analysts’ estimates as rising network spending by phone carriers helped the equipment maker to its first quarter of sales growth since 2011.

  • World Biz  |  OCTOBER 23, 2014 2:32 PM

    ‘Apple Pay an opportunity, not threat’

    Story by

    Apple Inc’s latest products are an opportunity for Gemalto NV and have been wrongly perceived as a threat, said chief executive officer Olivier Piou.

  • Featured and Exclusive & World Biz  |  OCTOBER 23, 2014 2:31 PM

    Honda recalls new Fit hybrid for 5th time in Japan

    Story by

    Honda Motor Co said it would call back the new Fit hybrid subcompact model for the fifth time in less than a year in Japan, issuing a recall on Thursday of two defects that cover 425,825 cars in Japan.

  • Economy & Featured and Exclusive  |  OCTOBER 23, 2014 2:18 PM

    New eRezeki project to train low-income individuals

    Story by

    Prime Minister Najib Abdul Razak today announced the eRezeki project to connect Malaysians at the bottom 40% of the income pyramid (B40) with domestic and global digital income.

  • World Biz  |  OCTOBER 23, 2014 2:11 PM

    Honda airbag deaths draw US Congress’ attention

    Story by

    The congressional investigators, who dug into fatal defects in General Motors Co and Toyota Motor Corp cars, are now asking US safety regulators to brief them about potentially deadly airbags.

  • Corporate  |  OCTOBER 23, 2014 1:27 PM

    PBB’s 3Q pre-tax profit increases to RM1.55bil

    Story by

    Public Bank Bhd's pre-tax profit for the third quarter ended Sept 30, 2014, increased to RM1.55 billion from RM1.36 billion recorded in the same period last year.

  • Markets  |  OCTOBER 23, 2014 1:21 PM

    KL shares higher at mid-day

    Story by

    Share prices on Bursa Malaysia were higher at midday on buying interest, following the overnight fall in oil prices, dealers said.

  • Commodities  |  OCTOBER 23, 2014 1:12 PM

    KLTM closes higher at US$19,530 a tonne

    Story by

    The Kuala Lumpur Tin Market (KLTM) closed US$80 higher today at US$19,530 a tonne on a technical correction, dealers said.

  • World Biz  |  OCTOBER 23, 2014 1:08 PM

    CICC chairman leaves, after CEO’s resignation last week

    Story by

    Jin Liqun, chairman of investment bank China International Capital Corp (CICC), resigned after less than two years in the job, the second top executive to exit the firm in two weeks.

  • Property  |  OCTOBER 23, 2014 12:57 PM

    NYC’s ultra-luxury condo boom

    Story by

    New York City developers will spend 60% more on new homes this year, while adding only 22% more units. It is a sign of the market’s tilt toward luxury condominiums, the New York Building Congress said.