• World Biz  |  JANUARY 26, 2015 4:06 PM

    Volkswagen reaches pact with China dealers

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    Volkswagen AG, the biggest foreign carmaker in China, said it has reached an agreement with its dealers in the country and pledged to continue setting reasonable sales targets to ensure a financially sound distribution network.

  • Corporate & Property  |  JANUARY 26, 2015 4:03 PM sees property sales rush before GST

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    The purchase of properties is expected to boom before the implementation of the Goods and Services Tax (GST) on April 1, 2015, said Malaysia. Group managing director and chief executive officer Georg Chmiel said the property market is expected to pick up …

  • Corporate & Economy  |  JANUARY 26, 2015 3:56 PM

    Trade with China to grow despite its slower economy

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    China’s decelerating growth may be a hard landing for exporters, but trade will continue to grow with hard work, says International Trade and Industry (Miti) Minister Mustapa Mohamed. He said China, the foremost trade partner for 120 countries in the world, grew by …

  • World Biz  |  JANUARY 26, 2015 3:53 PM

    Aer Lingus considers new bid from British Airways owner

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    Aer Lingus said on Monday it was considering a revised takeover approach from International Consolidated Airlines Group (IAG) after the owner of British Airways made a third bid of 2.55 euros (RM10.28) per share.

  • Markets  |  JANUARY 26, 2015 3:44 PM

    KL shares easier at mid-afternoon

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    Bursa Malaysia was easier at mid-afternoon today on continued selling pressure in heavyweights led by Petronas Chemicals, which lost 18 sen to RM5.33, dealers said. At 3pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,794.17, down 8.91 points, after opening …

  • Commodities  |  JANUARY 26, 2015 3:40 PM

    Falling oil demand worries Saudis more than glut

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    As the world’s oil producers wring their hands over a global glut that’s pushing down prices, evidence is mounting that Saudi Arabia is more concerned about shrinking demand. The world’s largest exporter has chosen not to cut production, counting instead on lower …

  • Corporate & Featured and Exclusive  |  JANUARY 26, 2015 3:33 PM

    Pakatan leaders decry bashing at Kidex rally

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    Selangor Pakatan Rakyat elected representatives decried the snub they received at the anti-Kinrara-Damansara Expressway (Kidex) rally yesterday for not being allowed to counter allegations against them.

  • TigerTalk  |  JANUARY 26, 2015 3:25 PM

    ‘Submerged land’ obsession may sink Iskandar

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    A recent RM2.4 billion purchase of Iskandar land -- still submerged beneath a lot of saltwater -- by Chinese developers Greenland continues the worrying trend of untrammeled land reclamation in Johor.

  • Opinion  |  JANUARY 26, 2015 3:24 PM

    Running the Saudi family business

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    The family business has proved to be a remarkably durable institution. Far from being pushed aside by more modern forms such as the shareholder-owned corporation, family enterprises actually account for a bigger share of the Fortune Global 500 (19%) than they …

  • Commodities & Featured and Exclusive  |  JANUARY 26, 2015 3:16 PM

    Palm futures continue to fall as demand wanes

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    Malaysian palm oil futures fell for a third session on Monday, dropping to their lowest in a month as poor demand from major buyers sparked concern that palm's use in food and fuel industries may continue to slump in coming months.

  • Property  |  JANUARY 26, 2015 3:05 PM

    New strata act enforcement to be announced soon

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    The enforcement of the Strata Management Act 2013 (Act 757), which replaces the Building and Common Property (Maintenance and Management) Act 2007, is to be announced soon.

  • World Biz  |  JANUARY 26, 2015 3:05 PM

    Survey finds more China car dealers quit last year

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    More auto dealerships in China quit their sales networks last year after profitability deteriorated, according to a trade group’s survey.

  • Featured and Exclusive & World Biz  |  JANUARY 26, 2015 2:59 PM

    StanChart said to appoint new CEO by year-end

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    Standard Chartered Plc is seeking a successor for chief executive officer Peter Sands amid pressure from some of its largest shareholders, the Financial Times reported, citing unidentified people close to the situation. A plan for new leadership may be announced …

  • Corporate  |  JANUARY 26, 2015 2:47 PM

    Eversendai bags RM184 mil contract from India’s Reliance

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    Eversendai Corp Bhd, a specialist structural steel contractor, has been awarded a contract worth RM184 million from Reliance Industries Ltd of India.

  • Corporate, Economy, World Biz  |  JANUARY 26, 2015 2:45 PM

    Malaysia: World’s top 5 in medical tourism destination

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    A number of countries showcasing their tourism attractions at the three-day New York Times Travel Show, which ended Sunday, highlighted their medical facilities, including hospitals, the expertise of their doctors and experts, and the biggest advantage in the form of cost savings.

  • Economy & Singapore  |  JANUARY 26, 2015 2:43 PM

    PM Lee persists in labour reform amid output slump

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    Singapore’s manufacturers aren’t catching any breaks. Industrial production has declined for three of the past four months amid faltering global demand, data released Monday in Singapore showed, and Prime Minister Lee Hsien Loong said he’s not ready to let up …

  • Featured and Exclusive & Markets  |  JANUARY 26, 2015 2:26 PM

    Yuan set for biggest 2-day loss against US$ since 2008

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    The yuan slid 0.39% to 6.2532 a US dollar as at 1.56pm in Shanghai, after dropping 0.31% on Friday, according to prices from China Foreign Exchange Trade System.

  • Singapore & World Biz  |  JANUARY 26, 2015 1:59 PM

    Keppel Land stock rises most in 5 year on buyout plan

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    Keppel Land Ltd, the property arm of Keppel Corp, jumped the most in more than five years in Singapore trading after its biggest shareholder offered as much as S$3.2 billion (RM8.6 billion) to buy shares it doesn’t own. Keppel Land …

  • Corporate  |  JANUARY 26, 2015 1:47 PM

    Wide range development projects planned for Labuan

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    Labuan is set to transform itself into a vibrant, duty-free island destination, with sustainable and people-oriented development projects planned for implementation within a five-year period.

  • World Biz  |  JANUARY 26, 2015 1:45 PM

    Thai govt approves Thai Airways restructuring plan

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    Thailand’s military-led government has approved a restructuring plan for Thai Airways International PCL in a bid to help the loss-making national carrier return to profit, a senior government official said on Monday. The restructuring plan includes measures to cut operating costs, boost revenue, and sell …