• World Biz  |  APRIL 27, 2015 11:16 PM

    Google launches portal to buy patents

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    Google Inc said it will launch an experimental portal that allows interested patent holders to sell their patents to the company. Patent holders can tell Google about the patents they’re willing to sell and the expected price through the portal, the company said on …

  • Corporate  |  APRIL 27, 2015 11:12 PM

    LRT Line 3 at finalising stage, says Prasarana

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    Prasarana Malaysia Bhd is planning to improve and enhance its rail stations with more environmentally friendly facilities that could serve the public better. Prasarana group managing director Azmi Abdul Aziz said a station should no longer merely be a station but should also …

  • Corporate  |  APRIL 27, 2015 11:06 PM

    Ministry to provide loans to open GR!N Stores

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    Energy, Green Technology and Water Minister Mahdzir Khalid said his ministry is prepared to give loans to companies keen on opening shops that promote environmentally friendly products. To qualify for the Green Technology Funding Scheme (GTFS), companies have to have certification such as …

  • Corporate  |  APRIL 27, 2015 11:00 PM

    Best Western i-City eyes 80% occupancy rate

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    The newly-launched Best Western hotel at i-City, a 29.14-hectare freehold ultrapolis here, is expected to have an occupancy rate of 80% by year-end. I-Bhd deputy chairman Eu Hong Chew said the hotel which has a gross development value of RM50 million is set …

  • Corporate  |  APRIL 27, 2015 9:34 PM

    TA initiates coverage on Malakoff

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    Research house TA Securities initiated coverage on Malakoff Corporation Bhd, citing the stock as a defensive play and is of the opinion that it fills the gap of a “good and predictable dividend play in the power sector of Malaysia”. …

  • Economy  |  APRIL 27, 2015 9:24 PM

    ‘People-centred Asean vision to drive AEC achievements’

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    The “People-Centred Asean” vision will drive major achievements in the Asean Economic Community (AEC) as it will improve further, interactivity among the people, said Minister in the Prime Minister’s Department Abdul Wahid Omar. He said with the advent of technology and better connectivity, …

  • Corporate  |  APRIL 27, 2015 9:04 PM

    Pesona Metro to acquire 90% stake in Selasih Asli

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    Pesona Metro Holdings has signed a share sale agreement with Semarak Korporat Sdn Bhd to acquire 90% stake in Selasih Asli Sdn Bhd for RM60 million. In a statement today, Pesona Metro said the acquisition would enable it to obtain and participate in …

  • Corporate  |  APRIL 27, 2015 9:00 PM

    Amanah Harta Tanah PNB to buy RM240 mil land, mall

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    Amanah Harta Tanah PNB (AHP) is buying 5.35 hectares of commercial land including a three-storey mall cum hypermarket in Negeri Sembilan from Mydin Mohamed Holdings Bhd for RM240 million. In a filing to Bursa Malaysia, AHP said the proposed acquisition would enhance its …

  • Corporate  |  APRIL 27, 2015 8:49 PM

    Firms reminded to submit GST returns from May 1

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    A total of 74,909 companies are reminded to submit their goods and services tax (GST) returns from May 1-31, said the Royal Malaysian Customs Department. Customs GST division director Subromaniam Tholasy said the figure involves 58,773 companies which are to submit their returns …

  • Economy  |  APRIL 27, 2015 8:24 PM

    Call for Asean public-private partnership framework

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    A well-structured legal framework on a public-private partnership (PPP) must be established in all Asean countries before the initiative could be introduced on a regional basis. Thai representative to the Asean Connectivity Coordinating Committee Pradap Pibulsonggram said Malaysia, Thailand and Vietnam are …

  • World Biz  |  APRIL 27, 2015 8:17 PM

    Sinopec group president said under probe

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    Wang Tianpu, president of state energy firm China Sinopec Group, is under investigation for suspected “serious disciplinary violations”, the country’s anti-graft watchdog said on Monday. China Central Commission for Discipline Inspection (CCDI) posted a one-line statement on its website. Sinopec spokesperson Lu …

  • World Biz  |  APRIL 27, 2015 8:13 PM

    For HK regulator, HSBC presents major challenges

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    A move by British banking giant HSBC to relocate its headquarters back to Hong Kong would present major challenges to the city’s banking watchdog, regulatory experts said. The Hong Kong Monetary Authority (HKMA) is regarded as one of Asia’s leading regulators and has experience …

  • Enterprise  |  APRIL 27, 2015 7:55 PM

    Asean leaders keen to promote SMEs

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    Asean leaders have expressed keen interest in promoting small medium enterprises (SMEs) as the driving force for the proposed Asean Economic Community. “They realise that emphasis should be given to SMEs and Asean can further work together in this regard,” said Asean Business …

  • Events  |  APRIL 27, 2015 7:41 PM

    iProperty to host property expo in Johor

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    Malaysia’s leading property website,, is set to launch its first property exhibition in Johor on May 1-3. Group managing director and chief executive officer Georg Chmiel said the Home & Property Investment Fair will be held at Komtar Johor Bahru City …

  • Corporate & Featured and Exclusive  |  APRIL 27, 2015 7:30 PM

    RHB appoints Khairussaleh as group CEO, group MD

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    The RHB Banking Group has appointed Khairussaleh Ramli as the group chief executive officer (CEO) and group managing director (MD) of RHB Banking Group with effect from May 5, 2015. It also announced the appointment of Khairussaleh as CEO and MD of …

  • World Biz  |  APRIL 27, 2015 7:19 PM

    F1′s Williams posts largest annual loss since IPO

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    Williams Grand Prix Holdings Plc posted its biggest annual loss since becoming the first Formula One team owner to sell shares to the public in 2011.

  • Corporate  |  APRIL 27, 2015 7:11 PM

    Borneo Oil to raise RM223.39 mil via rights issue

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    Borneo Oil Bhd (BornOil) is raising RM223.39 million through a proposed rights issue with free warrants, aimed at expanding its lucrative gold mining activities in Peninsular Malaysia. The exercise would strengthen BornOil’s gold mining activities, which comes under the oil, gas and energy-related …

  • Corporate & Featured and Exclusive  |  APRIL 27, 2015 7:02 PM

    Bursa unveils new eServices

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    Bursa Malaysia Bhd has launched a new listing information network system, Bursa Link, and an online listing enquiry service, AskListing@Bursa, for the marketplace. In a statement today, Bursa Malaysia said the new eServices will serve as channels for it to move all enquiries …

  • Corporate  |  APRIL 27, 2015 6:54 PM

    Ahmad Maslan wants swift action against errant traders

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    The Domestic Trade, Cooperatives and Consumerism Ministry (KPDNKK) and the Royal Malaysian Customs Department are urged to speed up prosecution against traders who flout the law regarding the goods and services tax (GST) as a lesson to other traders. Deputy Finance Minister …

  • Corporate  |  APRIL 27, 2015 6:47 PM

    J-Biotech eyes RM500 mil in investments this year

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    The Johor Biotechnology and Biodiversity Corp (J-Biotech) is targeting RM500 million worth of investment for this year, compared to RM37.5 million last year.

  • Corporate  |  APRIL 27, 2015 6:40 PM

    Retailers urged to join price cut campaign

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    The Price Reduction Campaign, which began in 2008, is not just for hypermarkets, the Dewan Negara was told today. Deputy Domestic Trade, Cooperatives and Consumerism Minister Ahmad Bashah Md Hanipah said mini markets, manufacturers and retailers are also welcomed to join the …

  • Corporate  |  APRIL 27, 2015 6:34 PM

    TNB Q2 profit climbs 24%

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    Tenaga Nasional Bhd, Malaysia’s largest power firm, said on Monday its net profit for the first quarter ended February rose 24% to RM2.16 billion from a year earlier, helped by stronger electricity sales. Malaysia hiked its tariff rates by 12.6% in Peninsular Malaysia …

  • Economy  |  APRIL 27, 2015 6:30 PM

    Asean leaders say ‘no’ to non-tariff barriers

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    Asean leaders have agreed that non-tariff barriers need to be addressed by the regional grouping to further boost free movement of goods and services. The need to remove barriers to trade was expressed by most Asean leaders, Prime Minister Najib Abdul Razak said. …

  • Markets  |  APRIL 27, 2015 6:24 PM

    KL shares end lower on profit taking

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    Bursa Malaysia finished lower today on profit taking in selected blue chips and heavyweights, a dealer said. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell three points to 1,859.58 after fluctuating between 1,859.18 and 1,867.53 throughout the day. The …

  • Commodities  |  APRIL 27, 2015 6:16 PM

    Rubber market closes marginally higher

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    The Malaysian rubber market closed marginally higher today, boosted by the sharp increase in crude oil prices. A dealer said the favourable development also positively influenced the regional markets. The Malaysian Rubber Board’s noon price for tyre-grade SMR 20 gained 3 sen to …

  • Markets  |  APRIL 27, 2015 6:05 PM

    Ringgit ends slightly higher against US dollar

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    The ringgit ended higher against the US dollar today, on mild buying support for the local note following weaker US economic data, a dealer said. At 5pm, the ringgit was quoted at 3.5655/5685 against the greenback compared with 3.5790/5830 on Friday. The dealer …

  • Corporate & Featured and Exclusive  |  APRIL 27, 2015 6:02 PM

    KL-Singapore rail link may miss deadline

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    The high-speed rail project linking Kuala Lumpur and Singapore may be delayed by two years from 2020, The Business Times Singapore reported today, citing sources close to the project. According to the paper, the sources said that 2022 may be …

  • TigerTalk  |  APRIL 27, 2015 5:56 PM

    BAT: Pack leader no more?

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    While the recent price reversions by the tobacco company can be seen as teething problems from the implementation of GST, Tiger is intrigued. The string of price changes, both upwards and down, over the past few months has Tiger wondering, has BAT lost its crown?

  • Corporate  |  APRIL 27, 2015 5:27 PM

    Mida: MNCs capitalise on Apac aerospace supply chain

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    Multinational companies (MNCs) are capitalising on the opportunities presented by the aerospace supply chain within the region, following a huge growth in Asia-Pacific towards the industry. Malaysian Investment Development Authority (Mida) deputy chief executive officer Phang Ah Tong said currently some MNCs are …

  • Economy  |  APRIL 27, 2015 4:51 PM

    Ministry launches Young Agropreneur Tour

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    The Young Agropreneur Tour in rural areas will be enhanced to encourage the young to venture into the agriculture business to reduce the country’s dependence on imported products by 2020. Agriculture and Agro-Based Industry Minister Ismail Sabri Yaakob said the country spends billions …

  • Markets  |  APRIL 27, 2015 4:29 PM

    KL shares remain almost flat at mid-afternoon

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    Shares on Bursa Malaysia were traded lower at mid-afternoon today, but the key index was almost flat, supported by mild buying momentum in selected blue chips. At 3.12pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,863.52, up 0.94 point, with gains …

  • Corporate  |  APRIL 27, 2015 4:25 PM

    MHB Q1 pre-tax profit rises slightly to RM35 mil

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    Malaysia Marine and Heavy Engineering Holdings Bhd’s (MHB) pre-tax profit for the first quarter ended March 31, 2015 rose to RM35 million from RM34.09 million recorded in the same period a year ago. Revenue increased to RM719.5 million from RM671.46 million previously, MHB said …

  • Corporate  |  APRIL 27, 2015 4:19 PM

    Maxis posts RM455 mil profit in Q1

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    Maxis Bhd registered a solid subscriber growth and enhanced data usage, driven by its value propositions and high-performing network in its first quarter of 2015 (1Q15). For the first time since 2010, Maxis bucked the trend of a traditionally slow first quarter (Q1) to deliver a service revenue of RM2.13 billion, up 1.6% from 4Q14. The quarter also saw Maxis adding 328,000 new revenue-generating subscriptions (RGS), bringing its total RGS base to 12 million. With its network modernisation and long-term …

  • Issues  |  APRIL 27, 2015 4:00 PM

    A discussion on raising the withdrawal age

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    Recently, KINIBIZ’ P Gunasegaram had a discussion on business radio station BFM with BFM’s David Chew, Julian Ng and Melisa Idris on EPF’s proposal to raise the full withdrawal age limit to 60. Below are excerpts from the interview.

  • Economy & Featured and Exclusive  |  APRIL 27, 2015 3:36 PM

    Counting the economic cost of natural disasters

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    The Asia-Pacific region is the world's most disaster prone, with earthquakes and floods wreaking havoc on economies.

  • Corporate  |  APRIL 27, 2015 3:15 PM

    Malaysia Smelting Corp positive on FY15 results

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    Malaysia Smelting Corp Bhd (MSC) is positive on its financial results ending December 2015 mostly driven by the smelting business. Chief executive officer Chua Cheong Yong said the smelting segment will continue to be profitable this year, while the mining business would be price-related. …

  • Commodities  |  APRIL 27, 2015 2:56 PM

    KLTM ends US$200 higher at US$15,800 a tonne

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    The Kuala Lumpur Tin Market (KLTM) rose by US$200 today to end at US$15,800 per tonne, a dealer said.

  • Commodities  |  APRIL 27, 2015 2:52 PM

    ‘M’sia palm oil main source of import for S Korea’

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    Malaysian palm oil continues to be the main source of import for South Korea, with 374,000 tonnes of the commodity imported last year, said Plantation, Industries and Commodities Minister Douglas Uggah Embas.

  • Corporate  |  APRIL 27, 2015 2:40 PM

    DiGi Q1 PBT eases to RM626 mil

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    DiGi.Com Bhd’s pre-tax profit eased to RM626 million in the first quarter ended March 31, 2015, from RM654.54 million registered in the same period last year. In a filing to Bursa Malaysia, the company said revenue, however, rose to RM1.79 billion from RM1.72 …

  • Economy  |  APRIL 27, 2015 2:31 PM

    Include social business into Asean agenda, says Rosmah

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    Social business should included in the agenda of Asean future meetings, the prime minister’s wife, Rosmah Mansor, said. She said Asean countries should recognise social business as a powerful form of business to address social issues as well as build a strong ecosystem …

  • Corporate  |  APRIL 27, 2015 2:17 PM

    IJM Land, PREH to develop RM3 bil site in Penang

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    IJM Land Bhd has teamed up with Singapore-based Perennial Real Estate Holdings Ltd (PREH) to acquire and develop RM3 billion freehold waterfront site in Penang. In a statement today, IJM Land said the 13.26-hectare site in Gelugor will be developed into a large-scale …

  • Featured and Exclusive & Markets  |  APRIL 27, 2015 2:11 PM

    China stocks at 7-year high on SOEs merger speculation

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    China’s stocks rose to a seven-year high, led by energy and industrial companies, amid speculation the government is considering merging state-owned enterprises (SOEs) and taking more measures to support economic growth.

  • Corporate  |  APRIL 27, 2015 1:54 PM

    Yayasan Melaka urged to focus on education

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    Yayasan Melaka (YM) should return to its focus on education to ensure it remains strong and benefit the people in the state in future, said Chief Minister Idris Haron.

  • Economy & Featured and Exclusive  |  APRIL 27, 2015 1:49 PM

    Nepal’s slowing economy set for freefall without global aid

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    Nepal was already slowing before a 7.8 magnitude earthquake killed thousands from the capital to the unforgiving slopes of Mount Everest. Now near-term growth is set to contract without the world’s help.

  • World Biz  |  APRIL 27, 2015 1:20 PM

    Let staff work from home, says Richard Branson

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    Unless you have a technical job like flying an aeroplane, you can probably do it from home, Richard Branson said.

  • Economy  |  APRIL 27, 2015 1:09 PM

    China adds nuclear plants at record pace to fight smog

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    China is set to add nuclear reactors at a record pace this year as the nation seeks to cut pollution by reducing its dependence on coal.

  • Markets  |  APRIL 27, 2015 1:03 PM

    KL shares almost flat at mid-day

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    The key index on Bursa Malaysia was almost flat at mid-day as mixed sentiment weighed on buying patterns, a dealer said.

  • Corporate  |  APRIL 27, 2015 1:03 PM

    Carimin inks pact with Makamin & Petro Allied

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    Carimin Petroleum Bhd, a provider of offshore oil and gas (O&G) support services in Malaysia, has entered into collaboration agreements (COAs) with Makamin Offshore Saudi Ltd Co (MOS) and Petro Allied International DMCEST (PAI) to explore opportunities in Saudi Arabia, the Middle East, Southeast …

  • Commodities  |  APRIL 27, 2015 12:59 PM

    Indonesia plans to cut CPO export tariff

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    Indonesia plans to reduce its crude palm oil (CPO) export tax to help offset the cost burden for companies from a plan to impose separate export levies, a senior Finance Ministry official said, according to local media. Earlier this month, the government …

  • Corporate & World Biz  |  APRIL 27, 2015 12:51 PM

    HSBC shares jump on report of retail spinoff plan

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    HSBC Holdings Plc’s shares jumped the most since 2011 in Hong Kong after a newspaper reported that the lender may spin off its UK retail bank and the company earlier pledged to review its domicile. Shares of HSBC, Europe’s largest …