• Corporate & Property  |  APRIL 21, 2014 2:55 PM

    LBS Bina enters JV development agreement

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    LB Bina Group Bhd’s 60% subsidiary, Koleksi Sigma Sdn Bhd had entered into a joint development (JV) agreement with YPJ Multi Ventures Sdn Bhd to develop four plots of land in Johor. In a filing to Bursa Malaysia today, LBS Bina said …

  • World Biz  |  APRIL 21, 2014 2:54 PM

    Why Putin isn’t scared by RM373 bil of debt

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    Russian companies, facing $115 billion (RM373.4 billion) of debt due over the next 12 months, will have the funds even as bond markets shut because of the Ukraine crisis, according to Moody’s Investors Service and Fitch Ratings. Firms will have …

  • Corporate  |  APRIL 21, 2014 2:50 PM

    Public Bank’s Q1 pre-tax profit up 4.5% to RM1.33 bil

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    Public Bank Bhd’s (PBB) pre-tax profit for the first quarter ended March 31, 2014, grew by 4.5% to RM1.33 billion from RM1.26 billion in the same period last year. Revenue increased to RM3.94 billion from RM3.67 billion previously. Founder/chairman, Teh Hong Piow, …

  • Corporate  |  APRIL 21, 2014 2:43 PM

    OSK Property expects profit, revenue to surpass last year’s

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    OSK Property Holdings Bhd expects its profit and revenue growth this year to surpass last year’s. “Our projects from the last two years will continue to contribute to our growth this year,” said executive director Ong Ju Xing. The property developer’s earnings …

  • Markets  |  APRIL 21, 2014 2:18 PM

    Asian stocks subdued on Ukraine caution

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    Asian stock markets were subdued on Monday, as tensions in Ukraine kept investors cautious amid an absence of catalysts as several markets remained closed for the Easter holiday. MSCI’s broadest index of Asia-Pacific shares outside Japan inched down 0.1%. Japan’s Nikkei stock average rose …

  • Corporate & World Biz  |  APRIL 21, 2014 2:01 PM

    First ‘Doodle 4 Google’ competition in Malaysia

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    Google today announced its first “Doodle 4 Google” competition in Malaysia, welcoming school students to showcase fun, creativity and originality by submitting unique doodle designs with a local flavour. In conjunction with Visit Malaysia Year 2014, Google has themed it “Malaysia to me is…”. …

  • Economy & World Biz  |  APRIL 21, 2014 2:00 PM

    Bankers win friends again in Europe via easy money lure

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    Despite the last financial crash, banks can still easily shape the rules of the game as far as the industry goes. At the heart of it, European businesses need their banks.

  • Corporate  |  APRIL 21, 2014 1:51 PM

    Maybank eyes RM180 mil sales at MSAM 2014

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    Maybank targets sales of RM180 million from the eight-day Saham Amanah Malaysia Week (MSAM) 2014 that began yesterday, compared to RM126 million it achieved at MSAM 2013 in Kangar, Perlis. Maybank Malaysia Community Financial Services head Hamirullah Boorhan said he expects the Amanah …

  • Markets  |  APRIL 21, 2014 12:58 PM

    Bursa Malaysia ends morning session higher

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    Bursa Malaysia ended the morning session higher today on stronger buying interest prompted by improved market sentiment amid positive market-moving external global events. At lunch break, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 9.93 points better at 1,862.62. It had opened 1.08 …

  • Commodities  |  APRIL 21, 2014 12:45 PM

    KLTM down to US$23,300 at close on lack of buyers

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    The Kuala Lumpur Tin Market (KLTM) closed US$150 lower at US$23,300 a tonne today on lack of buyers amid a quiet market, a dealer said. He said traders were absent due to the closing of the London Metal Exchange on Friday and Monday …

  • Markets  |  APRIL 21, 2014 12:40 PM

    Foreign investors on Bursa take Easter break

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    The foreign participation rate on Bursa Malaysia fell to a near four-month low as major economics closed for the Good Friday holiday.

  • Markets  |  APRIL 21, 2014 12:31 PM

    Dollar firms vs yen, but gains limited as market eyes Ukraine

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    The dollar edged higher versus the yen on Monday, though a tense situation in Ukraine was likely to keep traders on their toes, with some markets still closed for the Easter holiday. The dollar rose to its highest level in nearly two weeks against …

  • Corporate & Featured and Exclusive  |  APRIL 21, 2014 12:10 PM

    PublicInvest upgrades Faber to outperform

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    Faber Group Berhad's acquisition of UEM Group's AFM assets will be a "game-changer" for the company, says Public Investment.

  • Issues  |  APRIL 21, 2014 11:55 AM

    Breaking up Sime Darby


    In this eight-part series, KiniBiz revisits Sime Darby Berhad nearly eight years after its 2006 merger and found that it has actually lost value since the exercise. The group’s senior management is already considering corporate spin-offs for some time so …

  • Markets  |  APRIL 21, 2014 11:54 AM

    Topix advances 5th day on weaker yen, energy explorers

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    Japan’s Topix index rose, heading for a five-day rally, as the yen extended last week’s drop against the dollar. Energy explorers surged. Aiful Corp and Aplus Financial Co each soared at least 17% on a report Japan’s ruling party is …

  • Markets  |  APRIL 21, 2014 11:31 AM

    KL shares higher at mid-morning

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    The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) remained higher at mid-morning today on continued across-the-board buying interest. After struggling to remain above the 1,860 level, the benchmark index was 8.43 points higher at 1,861.12 points as at 11am. Market breadth was positive …

  • Corporate  |  APRIL 21, 2014 11:17 AM

    Datasonic shares rise 13 sen to RM3.75

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    Datasonic Group Bhd’s shares on Bursa Malaysia rose 13 sen or 3.59% to RM3.75 after the ICT solutions provider secured a RM220 million order from the National Registration Department for 10 million new MyKads. The stock, which opened at RM3.80, emerged as one …

  • Markets & World Biz  |  APRIL 21, 2014 11:11 AM

    Manulife favors Asian dollar bonds for currency advantage

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    Asian dollar bonds are expected to perform better than local debt for a fourth year as a recovering US economy boosts the greenback against emerging-market currencies, Manulife Asset Management says. The region’s exchange rates will weaken in the remainder of …

  • World Biz  |  APRIL 21, 2014 10:35 AM

    CTBC set to get nod for Taiwan Life purchase

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    Taiwan’s financial regulator is set to approve CTBC Financial Holdings’ US$890 million (RM2.9 billion) acquisition of Taiwan Life Insurance as soon as Monday, local media reported, sending the insurer’s stock surging 6.9%. The insurer’s shares had slid 6.9% on Thursday and lost another 1.8% …

  • Property & World Biz  |  APRIL 21, 2014 10:22 AM

    Property-tax collections rising at fastest pace since US crash

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    Property-tax collections are rising at the fastest pace since the US housing market crash sent government revenue plunging, helping end an era of local budget cuts. In cities including San Jose, California, Nashville, Tennessee, Houston and Washington, revenue from real-estate …