• Corporate & Economy  |  SEPTEMBER 17, 2014 11:01 AM

    MCKIP expects to hit RM10 bil investment target by 2015

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    The Malaysia-China Kuantan Industrial Park (MCKIP) is expected to achieve its targeted investment volume of RM10 billion by next year.

  • Featured and Exclusive & World Biz  |  SEPTEMBER 17, 2014 10:57 AM

    United offers RM322,051 buyouts to attendants

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    United Airlines, the only major US carrier to post a quarterly loss this year, is offering its flight attendants buyouts of as much as US$100,000 (RM322,051) as it seeks to rein in costs.

  • World Biz  |  SEPTEMBER 17, 2014 10:41 AM

    Mitsubishi Motors builds new RM1.9 bil Indonesian factory

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    Mitsubishi Motors Corp is leading a US$600 million (RM1.9 billion) investment in Indonesia to build a factory and develop a new car, as the Japanese auto maker seeks to expand in a growing and increasingly competitive auto market.

  • Markets  |  SEPTEMBER 17, 2014 10:07 AM

    Ringgit opens higher against US dollar

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    The ringgit opened higher against the US dollar today on improved demand for the local unit.

  • Featured and Exclusive & World Biz  |  SEPTEMBER 17, 2014 10:00 AM

    Microsoft announces smallest dividend increase since 2009

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    Microsoft Corp on Tuesday announced the smallest percentage increase in its quarterly dividend since 2009.

  • Markets  |  SEPTEMBER 17, 2014 10:00 AM

    KL shares open lower in early trade

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    Share prices on Bursa Malaysia opened lower today, despite an upbeat overnight performance on Wall Street, dealers said.

  • Markets  |  SEPTEMBER 17, 2014 8:05 AM

    US dollar at 2-week low vs euro and Swiss franc

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    The dollar fell to nearly two-week lows against the euro and Swiss franc on Tuesday, pressured by a report that said the Federal Reserve was unlikely to change its dovish stance on near-zero interest rates at a two-day policy meeting that ends on Wednesday.

  • StockStalk  |  SEPTEMBER 17, 2014 8:00 AM

    Wah Seong: Baby steps beyond pipe-coating

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    The pipe coating giant is spreading its wings beyond its core business, including a biomass renewable energy project in Cambodia. Will this diversification of revenue streams finally enable Wah Seong to demerge its oil & gas division?

  • Commodities  |  SEPTEMBER 17, 2014 7:52 AM

    Gold price rises on weak dollar and rallying oil prices

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    Gold rose on Tuesday as a weaker dollar and rallying crude oil prices prompted bullion investors to cover bearish bets ahead of a closely watched policy statement by the Federal Reserve.

  • Markets  |  SEPTEMBER 17, 2014 7:42 AM

    US stocks rise ahead of Fed policy announcement

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    US stocks rose on Tuesday and the S&P notched its best performance in a month after a report shifted investor expectations for the Federal Reserve's policy statement due on Wednesday.

  • Commodities  |  SEPTEMBER 17, 2014 7:28 AM

    Oil rises on prospect of OPEC production cut

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    US crude futures rose by almost US$2 and Brent by more than US$1 on Tuesday on the prospect of a production cut by OPEC as well as on a weakening dollar and news that Libya had curbed output after rockets hit an area near a refinery.

  • Featured and Exclusive & World Biz  |  SEPTEMBER 16, 2014 9:28 AM

    Microsoft to buy Minecraft maker Mojang for RM8 bil

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    Microsoft Corp has agreed to acquire the Stockholm-based developer of the wildly popular Minecraft video game for $2.5 billion (RM8.05 billion), as it tries to lure a new and mostly young audience into its mobile world.

  • World Biz  |  SEPTEMBER 15, 2014 11:55 PM

    HSBC’s Saudi chief executive leaves bank

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    Walid Khoury, the chief executive of HSBC Holdings Plc’s Saudi Arabian operations, has left the British lender. HSBC, Europe’s biggest bank, has appointed deputy Saudi Arabia chief executive and chief operating officer Nabeel Shoaib as acting CEO, Paul Harris, HSBC’s …

  • World Biz  |  SEPTEMBER 15, 2014 11:51 PM

    McD expands build-your-burger to revive sales growth

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    McDonald’s Corp.’s build-your-own- burger experiment, under way in four Southern California restaurants, could be coming to many more locations as the chain seeks to pull out of the worst sales slump in a decade. The test, which lets customers pick …

  • World Biz  |  SEPTEMBER 15, 2014 11:40 PM

    Coca-Cola sells bonds in Euros as discount to US debt widens

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    Coca-Cola Co. sold 2 billion euros (US$2.58 billion) of bonds as the cost of borrowing in the single currency relative to US dollars fell to the lowest in almost six years. The world’s biggest beverage company issued 1.2 billion euros …

  • Corporate  |  SEPTEMBER 15, 2014 7:58 PM

    Firefly launches Ipoh-Johor Bahru route

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    Firefly, Malaysia’s short-haul premium airline, today launched its Ipoh-Johor Bahru route, with one-way all-inclusive fare of RM59 for travelers. Tickets are up for sale now until September 28 for travel from today until October 24, 2015. In a statement today, …

  • Commodities  |  SEPTEMBER 15, 2014 7:46 PM

    CPO futures prices continue uptrend

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    Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives continued last week’s uptrend to close higher today, owing to strong export performance as indicated by cargo surveyors. Intertek Testing Services reported a 31.5 per cent increase in Malaysia’s exports …

  • World Biz  |  SEPTEMBER 15, 2014 7:36 PM

    RadioShack appoints Holly Etlin Interim CFO

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    RadioShack Corp., the struggling electronics retailer that’s trying to avoid bankruptcy, appointed Holly Etlin as interim chief financial officer replacing John Feray, who resigned on Sept. 12. Etlin, a managing director at AlixPartners, a business advisory firm, previously served as …

  • Corporate  |  SEPTEMBER 15, 2014 7:20 PM

    Berjaya Food rakes in higher earnings

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    Berjaya Food Bhd registered a higher pre-tax profit of RM6.26 million in the first quarter ended July 31, 2014 from RM6.18 million recorded in the same period a year ago. The higher pre-tax profit was mainly due to share of …

  • Corporate & Featured and Exclusive  |  SEPTEMBER 15, 2014 6:56 PM

    MAS’ Ahmad Jauhari gets one year contract extension

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    Malaysia Airlines’ chief executive officer Ahmad Jauhari has been given a one year contract extension by the airline, effective Sept 20, 2014.