• Corporate  |  JANUARY 27, 2015 4:12 PM

    Eversendai shares up on RM184 mil contract

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    Eversendai Corp Bhd's stock rose on Bursa Malaysia today on news of the award of the RM184 million contract in India by Reliance Industries Ltd of India.

  • Corporate & Featured and Exclusive  |  JANUARY 27, 2015 4:12 PM

    AirAsia X board to decide CEO’s fate on Thursday

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    [email protected]

    Sources tell KiniBiz that AirAsia X’s board of directors will meet on Thursday to decide the fate of CEO Azran Osman-Rani’s future. There have been conflicting reports over his position this morning, after Azran himself refuted suggestions that he is leaving the airline.

  • Property  |  JANUARY 27, 2015 4:10 PM

    Tan & Tan launches new RM62 mil GDV project

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    Property developer, Tan & Tan Developments Bhd, today launched its 0.21-hectare Damai residence project, which has a gross development value (GDV) of RM62 million, at Jalan Ampang's embassy row.

  • Corporate & Singapore  |  JANUARY 27, 2015 4:05 PM

    Khazanah’s M+S, Hyatt sign pact to develop Andaz S’pore

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    The Andaz Singapore, scheduled to open in 2017, will be the first hotel in the DUO development, a landmark project by M+S which is 60% owned Khazanah Nasional Bhd and 40% by Singapore's investment company, Temasek.

  • Economy & World Biz  |  JANUARY 27, 2015 4:02 PM

    Thai exports fall in 2014, adding pressure for rate cut

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    Thai exports fell for a second straight year in 2014, a blow for the military government as it struggles to get the economy growing and possibly increasing pressure on the central bank to cut interest rates on Wednesday.

  • Opinion  |  JANUARY 27, 2015 3:55 PM

    Does the social safety net make us lazy?

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    There’s an eternal debate about how government can best help people when they aren’t doing well economically. One side says that if government provides you with a safety net, you will become lax and complacent, and you won’t try as …

  • World Biz  |  JANUARY 27, 2015 3:54 PM

    Oil plunge spurs Maruti to take chance on rebound

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    As crude oil tumbles and financing costs decline, India’s biggest carmaker says a slump that roiled the industry for two years may be over.

  • World Biz  |  JANUARY 27, 2015 3:53 PM

    Novartis flags faster sales, profit growth for 2015

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    Swiss drug maker Novartis forecast sales and profits to grow at a faster pace this year as recent drug successes and its portfolio overhaul help it weather the impact of generic competition.

  • World Biz  |  JANUARY 27, 2015 3:51 PM

    Pearl-Qatar to open biggest indoor entertainment centre

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    A family entertainment centre, "Megapolis", described as the biggest indoor entertaintment centre in the region, is set to open in Medina Centrale at The Pearl-Qatar in March, Qatar News Agency reported.

  • Commodities & Economy  |  JANUARY 27, 2015 3:47 PM

    Thailand to unload rice stockpile amid market glut

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    In a government building outside Bangkok, along the murky Chao Phraya River, Thailand’s ruling junta is preparing to unload a mountain of rice on an already oversupplied world. And there’s more on the way.

  • Markets  |  JANUARY 27, 2015 3:41 PM

    KL shares remain mixed at mid-afternoon

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    Share prices on Bursa Malaysia were mixed at mid-afternoon today as losses in selected blue chips and low-liners offset gains in heavyweights, dealers said.

  • Corporate  |  JANUARY 27, 2015 3:33 PM

    Affin Hwang maintains ‘neutral’ on KLCC Stapled

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    Affin Hwang Investment Bank Bhd has maintained its "neutral" rating on KLCC Property Stapled Group (KLCCPSG) at target price of RM7.50.

  • Corporate & Featured and Exclusive  |  JANUARY 27, 2015 3:20 PM

    Moody’s: Outlook for Asian corporates remains stable

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    [email protected]

    Moody’s Investors Service said today that its 2015 outlook for Asia’s non-financial corporates (excluding Japan), remains stable.

  • Featured and Exclusive & World Biz  |  JANUARY 27, 2015 3:19 PM

    Facebook, Instagram go offline

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    Facebook and Instagram services were down Tuesday with the social media site saying it is working on fixing the issue, several users said. “Sorry, something went wrong. We’re working on it and we’ll get it fixed as soon as we can,” Facebook said …

  • Opinion  |  JANUARY 27, 2015 3:05 PM

    Syriza’s tall order for Greece

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    As expected, the left-wing, anti-austerity Syriza has won the Greek elections. Cue the speculation: what will this mean for Greece, and the euro? The Internet abounds with worthy pieces explaining that Greece would be absolutely mad to leave the euro; the result …

  • Commodities & World Biz  |  JANUARY 27, 2015 2:58 PM

    Well shut-in begins as oil rout batters small US producers

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    Collapsing crude prices are confronting scores of smaller US oil producers with the grim choice of either shutting older high-cost wells or burning through cash in the hope of riding out the downturn.

  • World Biz  |  JANUARY 27, 2015 2:42 PM

    China’s premier says to create 10 mil jobs in 2015

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    China's Premier Li Keqiang pledged to create at least 10 million new jobs in 2015, the state run China Daily newspaper said on Tuesday, despite economic growth that slowed to its weakest pace in nearly a quarter of a century last year.

  • Commodities  |  JANUARY 27, 2015 2:42 PM

    WTI discount to Brent widens as US supply grows

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    West Texas Intermediate (WTI) crude’s discount to Brent is poised to widen to the biggest in a month as inventories at the US benchmark’s delivery point increase, according to BNP Paribas SA. WTI-Brent spread has risen above US$3 a barrel as stockpiles grew …

  • World Biz  |  JANUARY 27, 2015 2:23 PM

    Smartphones: The weak spot in hacker fight

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    Smartphones and tablet devices are the new weak spot in the battle against cyber-criminals, according to the head of computer security at Europe’s biggest phone company. Businesses and governments have already been struggling with a record number of so-called distributed …

  • World Biz  |  JANUARY 27, 2015 2:06 PM

    Huawei to ship 100 mil smartphones in expansion

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    Huawei Technologies Co will boost smartphone shipments by a third this year and surpass 100 million units as the company makes a greater push to target high-end consumers and international markets. Smartphone shipments will increase from 75 million last year, …