• Corporate, Featured and Exclusive, World Biz  |  OCTOBER 20, 2014 12:18 PM

    McDonald’s costly burgers send diners to fancier rivals

    Story by

    Mike Hiner used to take his grandsons to McDonald’s when they wanted a treat. With higher wage and food costs pushing up prices at the Golden Arches, he’s increasingly taking them to IHOP, Denny’s and Chili’s instead.

  • Economy  |  OCTOBER 20, 2014 12:07 PM

    Ageing Aussies have to accept working longer

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    Australia’s looming legions of elderly need to accept they will work longer, central bank official Christopher Kent said, signaling support for a government plan to raise retirement to the highest in the world.

  • Corporate, Economy, Featured and Exclusive  |  OCTOBER 20, 2014 11:45 AM

    Duty free islands exempted from GST, says Maslan

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    Duty-free islands of Langkawi, Tioman and Labuan will be exempted from the Goods and Services (GST), said Deputy Finance Minister Ahmad Maslan.

  • Markets  |  OCTOBER 20, 2014 11:38 AM

    KL shares on bullish note at mid-morning

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    Share prices on Bursa Malaysia were on a bullish note at mid-morning today, with the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) trading 0.73% higher, in tandem with most regional peers, following Friday's positive performance by Wall Street.

  • Corporate  |  OCTOBER 20, 2014 11:37 AM

    MAHB said to increase Turkish airport’s stake

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    Malaysia Airports Holdings Bhd plans to buy an additional 40% stake in Istanbul’s second biggest airport to gain full control, people familiar with matter said.

  • World Biz  |  OCTOBER 20, 2014 11:25 AM

    Qatar fund to pay RM2bil for stake in HK retailer

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    Qatar Investment Authority (QIA) agreed to pay about HK$4.78 billion (RM2 billion) for a stake in a Hong Kong department store operator as the sovereign wealth fund diversifies its global portfolio.

  • Corporate & Featured and Exclusive  |  OCTOBER 20, 2014 11:20 AM

    “27 sen for MAS’ minority shareholders or nothing”

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    The minority shareholders of ailing Malaysian Airline System Bhd (MAS) may end up with nothing if they were to reject the 27 sen per share offer at the extraordinary general meeting (EGM) scheduled for Nov 6, a prominent economist said …

  • Economy  |  OCTOBER 20, 2014 11:13 AM

    Morgan Stanley sees Jokowi can’t prevent Rupiah’s slide

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    Morgan Stanley, the most accurate forecaster of the Indonesian rupiah in the past year, expects the currency to extend its three-month slide, as incoming President Joko Widodo struggles to gain parliamentary support.

  • Opinion  |  OCTOBER 20, 2014 11:11 AM

    How India can bust inflation

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    This was a good week for Reserve Bank of India Governor Raghuram Rajan. Euromoney named him the world's best central banker. More importantly, new data showed India's wholesale inflation slowing to its lowest rate in five years. The numbers may give Rajan room to consider a rate cut in the next few months. They should also spur both him and the government of new Prime Minister Narendra Modi to sort out once and for all lingering questions about how India should combat inflation.

  • World Biz  |  OCTOBER 20, 2014 10:42 AM

    Icelandic bank targets IPO since RM278.3bil default

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    Six years after Iceland’s banks defaulted on US$85 billion (RM278.3 billion) in debt and brought the Atlantic island’s economy to its knees, Islandsbanki hf is seeking to sell shares to international investors.

  • World Biz  |  OCTOBER 20, 2014 10:35 AM

    Investor group in RM7 bil bid for Reebok

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    An investor group that includes Jynwel Capital and funds affiliated with the Abu Dhabi government is launching a bid to buy Reebok from Adidas AG for about US$2.2 billion (RM7.2 billion), the Wall Street Journal reported Sunday.

  • Markets  |  OCTOBER 20, 2014 10:13 AM

    Ringgit opens unchanged against US dollar

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    The ringgit opened unchanged against the US dollar today as investors stayed on the sidelines to await fresh leads.

  • Markets  |  OCTOBER 20, 2014 10:05 AM

    KL shares open higher

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    The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) started the week higher, in tandem with most of its regional peers, dealers said.

  • Economy & Singapore  |  OCTOBER 20, 2014 9:45 AM

    Foreign workers curb will reduce S’pore’s potential: IMF

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    Singapore's plans to cut reliance on foreign workers could reduce its competitiveness and growth potential while keeping core inflation elevated, the International Monetary Fund said in a report on Saturday.

  • Corporate & World Biz  |  OCTOBER 20, 2014 9:38 AM

    IBM to offload chip unit for RM4.9 bil

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    International Business Machines Corp. agreed to pay Globalfoundries Inc US$1.5 billion (RM4.9 billion) to take an unprofitable chip-manufacturing unit off its hands, according to two people with knowledge of the matter.

  • Economy & World Biz  |  OCTOBER 20, 2014 9:12 AM

    Jokowi takes over as President

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    Indonesia's Joko Widodo will on Monday take over as president of the world's third-largest democracy with supporters' hopes high but pressing economic problems and sceptical rivals set to test the former furniture businessman.

  • Commodities  |  OCTOBER 20, 2014 8:15 AM

    Gold edge lower on Friday, posts weekly gain

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    Gold edged lower on Friday as US equities rebounded, but posted a second straight weekly gain as concerns over the global economy have raised speculation that the US Federal Reserve could keep interest rates low for longer.

  • Markets & World Biz  |  OCTOBER 20, 2014 8:03 AM

    US dollar rebounds on strong consumer data

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    The US dollar edged higher against a basket of major currencies on Friday after strong US consumer sentiment data calmed nerves at the end of a week of severe market volatility.

  • StockStalk  |  OCTOBER 20, 2014 8:00 AM

    Kulim: On the brink of another diversification?

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    [email protected]

    Kulim (M) Bhd has been in the news recently, along with New Britain Palm Oil Ltd (NBPOL) and Sime Darby, after the plantations player expressed tentative acceptance of Sime Darby’s general offer for NBPOL which includes Kulim’s 49% stake. What will this mean for Kulim moving forward?

  • Commodities  |  OCTOBER 20, 2014 7:44 AM

    Oil prices rise slightly on Friday

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    Oil prices rose slightly on Friday, bouncing from near four-year lows even while marking a fourth straight weekly loss, as investors bought back into a market they said was oversold, and as fighting in Iraq increased political risk.