• Corporate  |  JANUARY 28, 2015 2:30 PM

    AllianceDBS retains ‘hold’ rating on AirAsia

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    AllianceDBS Research has maintained its "hold" rating on AirAsia Bhd with target price of RM2.80 after the airline announced the purchase of 40% stake in Tune Money Sdn Bhd for RM10 million.

  • Corporate & Featured and Exclusive  |  JANUARY 28, 2015 2:24 PM

    AirAsia X said to plan rights issue as shakeup looms

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    Malaysian long-haul budget carrier AirAsia X is set to announce a rights issue of shares as early as Friday to try and close a growing cash-flow gap, said two sources with direct knowledge of the matter.

  • Corporate  |  JANUARY 28, 2015 2:14 PM

    M’sia still attractive to foreign investors

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    Malaysia still has good potential to attract foreign investments amid the current global economic uncertainty, said Malaysian International Chamber of Commerce and Industry (MICCI) president, Simon Whitelaw.

  • Opinion  |  JANUARY 28, 2015 2:00 PM

    Emergency education now

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    DAVOS – In an ideal world, whenever children needed help, they would get it. When girls and boys were forced from their homes or classrooms because of war, natural disaster, or other crises, the international community would, within days, formulate …

  • Corporate  |  JANUARY 28, 2015 1:57 PM

    RHB Asset Management aims for RM58 bil AUM

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    RHB Asset Management Sdn Bhd (RHBAM), a unit of RHB Investment Bhd, aims to grow its assets under management (AUM) to RM58 billion by year-end from the present RM48.6 billion.

  • Economy  |  JANUARY 28, 2015 1:35 PM

    Indonesia sees Jan inflation near zero month-on-month

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    Indonesia's central bank estimates month-on-month inflation in January eased to near zero from 2.46% in December, after the government cut gasoline prices twice during the month, the governor said on Wednesday.

  • Corporate  |  JANUARY 28, 2015 1:29 PM

    HLIB maintains ‘buy’ call on OldTown

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    Hong Leong Investment Bank (HLIB) is maintaining its "buy" call on Oldtown Bhd following its latest acquisition of April Eight (China) Ltd (AEC) which allows the group to expedite its expansion plan in China.

  • Markets  |  JANUARY 28, 2015 1:23 PM

    KL shares lower at mid-day

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    Share prices on Bursa Malaysia were lower in mid-day trade today amid waning market momentum across the region and as external developments affected sentiment, dealers said.

  • World Biz  |  JANUARY 28, 2015 1:21 PM

    LG Display Q4 profit at 4-year high

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    South Korea's LG Display Co Ltd booked its highest quarterly profit in almost four years on Tuesday, buoyed by firm demand for liquid crystal displays (LCD) from television makers and client Apple Inc.

  • Economy, Singapore, World Biz  |  JANUARY 28, 2015 1:16 PM

    S’pore unexpectedly eases monetary policy

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    Singapore's central bank on Wednesday unexpectedly eased monetary policy ahead of its scheduled review in April.

  • Markets & Singapore  |  JANUARY 28, 2015 1:14 PM

    S’pore dollar drives Asia FX lower after policy easing

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    The ringgit fell, tracking the weakness in the neighbouring Singapore dollar. The Malaysian currency found some relief as investors sold the Singapore dollar against the ringgit.

  • Corporate & Featured and Exclusive  |  JANUARY 28, 2015 1:03 PM

    1MDB holding local banks hostage: Pua

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    DAP MP Tony Pua has reiterated his call for a special audit to be carried out on the 1Malaysia Development Fund Bhd after reports said the the latter was looking for a further extension on repayment for its RM2 billion loan from local banks.

  • Markets & Singapore  |  JANUARY 28, 2015 1:00 PM

    S’pore shares up after unexpected policy easing

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    Stocks in Singapore edged higher in range-bound trading on Wednesday as an unexpectedly monetary policy easing lifted sentiment, while Malaysia and Thailand were little-changed ahead of policy reviews by their central banks.

  • Commodities  |  JANUARY 28, 2015 12:52 PM

    KLTM closes lower at US$19,300 per tonne

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    The Kuala Lumpur Tin Market (KLTM) closed lower today in declining US$250 to US$19,300 per tonne, on a lack of buying interest, said a dealer.

  • Featured and Exclusive & Opinion  |  JANUARY 28, 2015 12:30 PM

    Fanatics, charlatans, and economists

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    DAVOS – Throughout the world, it seems, crisis is gripping national politics. In election after election, voter turnout has hit historic lows. Politicians are universally reviled. Mainstream parties, desperate to remain relevant, are caught in a vice, forced to choose …

  • World Biz  |  JANUARY 28, 2015 12:12 PM

    Sony plans to cut 1,000 jobs in smartphone business

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    Sony Corp plans to cut around 1,000 additional jobs in its struggling smartphone division as it tries to bring its electronics business back into the black, sources said on Wednesday.

  • World Biz  |  JANUARY 28, 2015 12:11 PM

    Apple supplier Foxconn seeks to shrink workforce

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    Taiwan's Foxconn Technology Group, the world's largest contract electronics manufacturer, would like to slim its massive workforce, the company told Reuters, as the Apple Inc supplier faces declining revenue growth and rising wages in China.

  • World Biz  |  JANUARY 28, 2015 12:11 PM

    Microsoft stock punished as investors concern multiply

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    Investors wiped US$35 billion (RM126.1 billion) off Microsoft Corp's market value on Tuesday without any clear-cut, single explanation.

  • Corporate & Featured and Exclusive  |  JANUARY 28, 2015 12:11 PM

    Malaysia to release MH370 interim report on March 7

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    Malaysia's Department of Civil Aviation will release an interim report on the investigation into the missing Malaysia Airlines Flight MH370 on March 7, a day before the one-year anniversary of the disappearance, Deputy Transport Minister Aziz Kaprawi said on Wednesday.

  • Corporate  |  JANUARY 28, 2015 12:10 PM

    MITA urges govt to exempt petty traders from GST

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    The Malaysian Indian Textiles and General Stores Association (MITA) has urged the government to consider exempting petty traders from the Goods and Service Tax (GST) which will be implemented from Apr 1, 2015.