• Corporate  |  DECEMBER 23, 2014 10:13 AM

    Cinema operator expects a dip in admission with GST

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    Malaysia’s largest cinema operator Golden Screen Cinemas (GSC) will not offset any rise in ticket prices due to the goods and services tax (GST) next April and is bracing for a fall in admission.

  • Markets  |  DECEMBER 23, 2014 9:59 AM

    Ringgit easier in early trade

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    The ringgit was traded easier against the US dollar this morning on subdued demand for the local unit.

  • Markets  |  DECEMBER 23, 2014 9:40 AM

    KL shares open slightly higher

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    Shares on Bursa Malaysia were slightly higher this morning with the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) up 1.54 points at 1,745.59 after opening 1.37 points better at 1,745.42.

  • World Biz  |  DECEMBER 23, 2014 9:33 AM

    Comcast merger with Time Warner Cable delayed again

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    Regulators pushed back by three weeks their informal deadline to complete consideration of Comcast Corp (CMCSA)’s proposed US$45.2 billion (RM158 billion) purchase of Time Warner Cable Inc (TWC).

  • World Biz  |  DECEMBER 23, 2014 9:06 AM

    GM gets more claims for faulty ignition switch compensation

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    General Motors Co has received 104 claims for compensation for ignition switch defects in its cars in the past week, bringing the total to 2,430, according to the official administering the compensation programme.

  • World Biz  |  DECEMBER 23, 2014 8:54 AM

    BMW to replace air bags for 140,000 older 3-Series cars

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    Bayerische Motoren Werke AG (BMW) said it would replace driver-side airbags in 140,000 older 3-Series vehicles, expanding nationwide an earlier safety effort, the company said in a statement.

  • World Biz  |  DECEMBER 23, 2014 8:47 AM

    Crisis PR expert Judy Smith said to advise Sony

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    Judy Smith, the crisis PR expert who inspired the ABC show “Scandal”, has advised Sony Pictures Entertainment after a crippling cyber attack, people with knowledge of the matter said.

  • Commodities & World Biz  |  DECEMBER 23, 2014 8:37 AM

    Oil companies seen cutting spending by 25% in 2015

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    Plunging oil prices will prompt energy companies to cut investments in new projects by 25% or more in 2015, analysts said over the past week, as firms try to stay cash flow positive and keep debt in check.

  • Commodities & Featured and Exclusive  |  DECEMBER 23, 2014 7:40 AM

    Oil prices resume slide, US crude back to US$55

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    Oil prices resumed their downward march on Monday, doubling back on the biggest one-day gain in over two years, after Saudi Arabia's powerful oil minister said Opec would not cut production at any price.

  • Commodities  |  DECEMBER 23, 2014 7:29 AM

    Gold and silver down as oil retreats

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    Gold dropped nearly 2% and silver slid 3% on Monday, triggering automatic sell orders in thin pre-holiday dealings as oil prices eased back toward US$55 per barrel.

  • Finance & Markets  |  DECEMBER 23, 2014 7:24 AM

    US dollar rises, supported by rising Treasury yields

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    The dollar recovered ground late on Monday on rising US Treasury yields that increased the greenback's advantage over the euro, pushing it back down to a 2-1/2 year low in thin pre-holiday trade.

  • Markets  |  DECEMBER 23, 2014 7:14 AM

    US stocks rise for 4th straight session

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    US stocks rose for a fourth straight session on Monday, with both the Dow and S&P 500 ending at records as large-cap technology shares gained and offset continued weakness in energy names.

  • Issues  |  DECEMBER 23, 2014 7:00 AM

    Oil & gas stocks going for a bargain

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    Sustained selling on the local bourse over the past three weeks have wiped off most of the gains made by the FTSE Bursa Malaysia KLCI over the last two years. As a result, blue chips are no longer quite a pricey as they were at their mid-year peak. For oil & gas counters in particular, plunging prices for the world’s most widely traded commodity have opened up bargains.

  • Corporate  |  DECEMBER 22, 2014 10:52 PM

    Health Ministry in talks on medicine price list

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    The price list for medicines, especially those which are expensive and are not included in the exemption list of the Goods and Services Tax (GST), will be determined to protect consumers' interests.

  • Corporate  |  DECEMBER 22, 2014 10:31 PM

    BNM approves MAHB’s bridging facility application

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    Bank Negara Malaysia's (BNM) foreign exchange administration department has approved Malaysia Airports Holdings Bhd's (MAHB) application for the bridging facility for the proposed acquisitions of Istanbul Sabiha Gokcen Airport and its management company.

  • Corporate  |  DECEMBER 22, 2014 10:23 PM

    Bursa launches ESG Index

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    Bursa Malaysia Bhd today announced the launch of the Environmental, Social and Governance (ESG) Index.

  • Corporate  |  DECEMBER 22, 2014 10:13 PM

    Nexgram unit secures purchases for 2 developments

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    Nextnation Datacity Sdn Bhd and Nexgram Land Sdn Bhd have agreed to sell the entire mixed commercial development project in Cyberjaya, Angkasa Icon City, to MyAngkasa Bina Sdn Bhd for RM1.2 billion.

  • Corporate  |  DECEMBER 22, 2014 10:05 PM

    Taliworks unit takes over concession rights to NNKSB

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    Taliworks Corp Bhd's unit, Jejak Melewar Sdn Bhd, has taken over the assets of and concession rights to the New North Klang Straits Bypass Expressway (NNKSB).

  • Commodities  |  DECEMBER 22, 2014 8:35 PM

    Iraq to boost oil output in 2015

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    Iraq plans to boost its crude production to 4 million barrels a day next year as the Organisation of the Petroleum Exporting Countries (Opec) nations intend to defend their market share against other suppliers, Iraqi Oil Minister Adil Abdul Mahdi said.

  • Corporate & Featured and Exclusive  |  DECEMBER 22, 2014 8:27 PM

    1MDB’s debt balloons as ringgit weakens

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    Weakening ringgit adds a colossal RM4 billion burden on controversial 1Malaysia Development Bhd (1MDB)’s tab, blowing up debt levels to RM25.7 billion.