• Corporate  |  AUGUST 22, 2014 3:47 PM

    Analysts split as WCT Holdings misses estimates

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    As property and development outfit WCT Holdings Berhad missed analyst estimates for the first six months of 2014, analysts are of mixed opinion on the group’s prospects

  • Corporate, Featured and Exclusive, World Biz  |  AUGUST 22, 2014 3:43 PM

    Lights off at JVC – Japanese electronics in decline

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    The lights are off in the lobby of JVC Kenwood Corp.’s headquarters in Yokohama and there’s no one to greet guests. It’s what’s become a typical weekday afternoon.

  • Markets  |  AUGUST 22, 2014 3:27 PM

    India’s rupee set to advance for 3rd week; debt inflows

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    India’s rupee was headed for a third week of gains as overseas investors seeking higher returns flocked to the nation’s debt. Global funds bought US$2.2 billion(RM6.97 billion) more local debt than they sold this month, taking this year’s inflows to …

  • Opinion  |  AUGUST 22, 2014 3:09 PM

    Italy’s downward spiral

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    Italy is now in a triple-dip recession. But it didn’t get there by itself. Yes, the economy’s long slide reflects Italian leaders’ failure to confront the country’s loss of competitiveness; but it is a failure that is widely shared in Europe.

  • World Biz  |  AUGUST 22, 2014 2:53 PM

    United Engineers in play as OCBC talks to sell stakes

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    United Engineers Ltd may be poised for a takeover after Oversea-Chinese Banking Corp. said it’s in talks to sell its stake in the Singapore property and construction company. OCBC, Southeast Asia’s second-largest lender, and its insurance unit Great Eastern Holdings …

  • World Biz  |  AUGUST 22, 2014 2:51 PM

    Flappy Bird creator returns with new game

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    Flappy Bird creator Dong Nguyen, who pulled that mobile game from the market because he said its popularity was ruining his life, released a new game on Apple Inc. and Google Inc. online stores called Swing Copters. In the new …

  • Corporate  |  AUGUST 22, 2014 2:39 PM

    AMMB Holding’s 1Q14 pre-tax profit jumps to RM725 mil

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    AMMB Holdings Bhd's pre-tax profit surged to RM725.79 million in the first quarter ended June 30, 2014 from RM637.28 million reported in the same period a year ago.

  • Economy & Singapore  |  AUGUST 22, 2014 2:28 PM

    Changi handled 4.58 million passengers in July 2014

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    Singapore's Changi Airport handled some 4.58 million passenger movements in July 2014, an increase of 1% compared to the same period last year, while flight movements dipped 2.6% to 28,200.

  • Corporate  |  AUGUST 22, 2014 2:08 PM

    UMW wins Myanmar mining equipment contract

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    UMW Engineering Services Limited, Myanmar, a unit in the UMW Group, has successfully secured contracts worth RM200 million to supply more than

  • Markets  |  AUGUST 22, 2014 1:49 PM

    KL shares lower at mid-day

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    Share prices on Bursa Malaysia slipped into the red territory at the end of morning session, as the country observed the Day of National Mourning in remembrance of victims of the MH17 disaster.

  • Economy  |  AUGUST 22, 2014 1:45 PM

    India set to appoint US economist as adivsor

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    US-based economist Arvind Subramanian is poised to be named as chief economic adviser to Prime Minister Narendra Modi's government, two sources at the finance ministry said on Friday.

  • Commodities  |  AUGUST 22, 2014 1:34 PM

    KLTM closes lower at US$22,250 a tonne

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    The Kuala Lumpur Tin Market (KLTM) closed lower by US$150 to US$22,250 a tonne today due to lack of buyers, a dealer said.

  • World Biz  |  AUGUST 22, 2014 1:26 PM

    GAP to open 40 stores in India, reduce US dependancy

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    Apparel retailer Gap Inc raised its full-year profit forecast, encouraged by strong sales of its lower-priced Old Navy clothes, and said it would open 40 stores in India as part of its strategy to expand in emerging markets.

  • Economy & World Biz  |  AUGUST 22, 2014 12:51 PM

    Jokowi’s confirmation boosts Indonesian stocks

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    Indonesian stocks opened near a record high and the rupiah strenghtened on Friday, a day after the country's highest court gave Joko Widodo the green light to lead Southeast Asia's largest economy from its worst slowdown since the global financial crisis.

  • Markets  |  AUGUST 22, 2014 12:45 PM

    Malaysia’s ringgit, bonds set for weekly drops

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    Malaysia’s ringgit and 10-year bonds headed for weekly drops before a speech by Federal Reserve Chair Janet Yellen that may provide clues on the timing of US interest-rate increases. Yellen speaks today in Jackson Hole, Wyoming after housing and manufacturing …

  • Corporate  |  AUGUST 22, 2014 12:18 PM

    Analysts downgrade Pos Malaysia on poor 1Q15 results

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    Analysts downgrade Pos Malaysia after its first quarter for financial year 2015 come in below expectations.

  • World Biz  |  AUGUST 22, 2014 12:12 PM

    Citigroup earning less from Tokyo than CEO salary

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    Citigroup Inc earned less from running a bank in Japan than its global chief executive officer’s salary last year, helping explain why the US lender is considering selling the consumer business as Abenomics crushes loan returns. Citibank Japan Ltd’s net …

  • Corporate  |  AUGUST 22, 2014 12:03 PM

    For Eco Word, look beyond FY14 – analyst

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    Investors should look beyond the current financial year as far as property developer Eco World Development Group Berhad is concerned, said CIMB Research today

  • Markets  |  AUGUST 22, 2014 12:00 PM

    KL shares marginally higher at mid-morning

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    The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was marginally higher at mid-morning, bolstered by finance-linked counters, dealers said.

  • Corporate  |  AUGUST 22, 2014 11:54 AM

    Naim cheap proxy to Dayang’s growth prospects

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    Despite challenging outlook, the developer is seen as a “cheap proxy” to the “superb” growth prospects of its associate company Dayang Enterprise Holdings