• Issues & Property  |  JANUARY 29, 2015 8:00 AM

    In Liew’s Spac, another looming conflict

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    Following his private joint venture worth nearly RM12 billion with Irish developer Ballymore Group, Liew Kee Sin intends to offer his private interest in the deal to his proposed special purpose acquisition company or Spac. But this way lies yet another conflict to add to his many existing fonclits.

  • Commodities  |  JANUARY 29, 2015 7:56 AM

    Gold falls further after Fed reiterates its patience

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    Gold extended losses on Wednesday after the Federal Reserve said it will remain "patient" with regard to any interest rate increase decisions.

  • Corporate & Property  |  JANUARY 29, 2015 7:50 AM

    Setia Alam house buyers sue PKNS, developers

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    Ten house buyers in Setia Alam have filed a lawsuit against a housing developer and Selangor State Development Corporation (PKNS).

  • Commodities & Featured and Exclusive  |  JANUARY 29, 2015 7:34 AM

    Oil slips, US crude prices near 6-year low

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    Oil slumped on Wednesday, with US crude prices at near six-year lows, after the government reported record-high inventories in the United States that raised anxieties about the global oil glut that had pressured the market since last summer.

  • Finance & Markets  |  JANUARY 29, 2015 7:27 AM

    US dollar holds gains in broad advance

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    The US dollar strengthened on Wednesday in a broad advance that included gains against the euro and the Swiss franc, taking in stride the Federal Reserve's repeated message it remains "patient" in deciding when to raise interest rates.

  • Featured and Exclusive & Markets  |  JANUARY 29, 2015 7:19 AM

    US stocks end lower after Fed statement

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    US stocks closed down on Wednesday, driven by a sharp decline in the S&P 500 energy sector, after the Federal Reserve said the domestic economy was growing at a solid pace, signalling it remains on track to raise interest rates later this year.

  • Commodities, Corporate, Featured and Exclusive  |  JANUARY 28, 2015 9:32 PM

    Ahmad Maslan confident oil price won’t fall below US$40

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    "If the price of oil were to fall below US$40 a barrel, oil companies will not be able to produce oil because the cost will be higher than the revenue," he said.

  • Corporate  |  JANUARY 28, 2015 9:13 PM

    Saudee unit, MyAngkasa sign supply pact

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    Saudee Group Bhd's wholly owned unit, Perusahaan Saudee Sdn Bhd (PSSB), has signed a supply agreement with MyAngkasa Holding Sdn Bhd to supply and deliver MyAngkasa products.

  • Corporate  |  JANUARY 28, 2015 9:08 PM

    Mitrajaya unit gets RM230 mil PPA1M contract

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    Mitrajaya Holdings Bhd wholly owned unit, Pembinaan Mitrajaya Sdn Bhd, has received a RM230 million contract to build three blocks of 20-storey public apartment at Precinct 5 Putrajaya.

  • World Biz  |  JANUARY 28, 2015 9:01 PM

    Boeing Q4 profit gets boost from higher deliveries

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    The company earned US$1.5 billion (RM5.4 billion), or US$2.02 per share, for the fourth quarter ended Dec 31, up from US$1.2 billion, or US$1.61 per share, a year earlier.

  • Commodities & World Biz  |  JANUARY 28, 2015 8:49 PM

    India govt to sell up to 10% stake in Coal India

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    The Indian government will sell as much as 10% in monopoly miner Coal India Ltd in a public offer on Jan 30, the country’s Coal Ministry said in a regulatory filing.

  • Corporate  |  JANUARY 28, 2015 8:37 PM

    Affin Bank opens 106th branch in Kota Damansara

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    Affin Bank Bhd has extended its banking network with the opening of its 106th branch in Kota Damansara here today.

  • Featured and Exclusive & Finance  |  JANUARY 28, 2015 8:28 PM

    Russia misses debt-sale target after ‘junk’ downgrade

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    Russia met half of its fundraising target at its first sale of floating-rate notes in more than a decade, raising 2.5 billion roubles (RM133.4 million) two days after a sovereign credit-rating downgrade.

  • World Biz  |  JANUARY 28, 2015 8:11 PM

    Scandal-hit Petrobras releases unaudited earnings report

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    The much-anticipated results, however, did not include what investors most want to know: a rough estimate of how badly corruption overvalued the company's assets.

  • Corporate  |  JANUARY 28, 2015 8:01 PM

    Sunway REIT completes Georgetown hotel acquisition

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    Sunway REIT Management Sdn Bhd, the management company of Sunway Real Estate Investment Trust (Sunway REIT), has completed the acquisition of Sunway Hotel Georgetown to mark its maiden foray into Penang Island.

  • World Biz  |  JANUARY 28, 2015 7:51 PM

    SAA installs in-flight credit card authorisation system

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    South African Airways (SAA) this week becomes the first airline globally to install the Satellite Authorisation System (SatAuth) which will allow for secure credit card transactions anywhere in the skies.

  • Commodities  |  JANUARY 28, 2015 7:37 PM

    China to keep oil hoard even if prices rebound

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    China is poised to maintain its commercial hoard of more than 200 million barrels of crude within three years even if oil rallies toward US$130 a barrel.

  • World Biz  |  JANUARY 28, 2015 7:24 PM

    StanChart said to seek Asia-focused CEO

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    Standard Chartered Plc is seeking a leader with a tough-to-find mix of Asian experience and regulatory clout as it kicks off the search for a successor to CEO Peter Sands, investors, bankers and headhunters told Reuters.

  • Corporate  |  JANUARY 28, 2015 7:09 PM

    LPI’s pre-tax profit rises to RM341.9 mil

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    LPI Capital Bhd's pre-tax profit for the financial year ended Dec 31, 2014 rose by 33.1% to RM341.9 million from RM256.8 million a year ago.

  • Corporate  |  JANUARY 28, 2015 7:04 PM

    GST will not affect sales, says Coca-Cola

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    The implementation of the goods and services tax (GST) on April 1 will not affect Coca-Cola sales in Malaysia, said Coca-Cola Malaysia-Singapore-Brunei region general manager, Gill McLaren.