• World Biz  |  NOVEMBER 28, 2014 5:28 PM

    India supermarkets, phone companies may set up banks

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    India allowed mobile telephone companies and supermarket chains to set up payment banks to provide financial services to millions of its people who lack direct access to them.

  • Corporate  |  NOVEMBER 28, 2014 4:59 PM

    Keysight investing RM500 mil to expand Penang operations

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    Keysight Technologies, a global leader in electronic measurement technology, is investing RM500 million to expand its operations in Penang.

  • Commodities & Featured and Exclusive  |  NOVEMBER 28, 2014 4:13 PM

    Commodities slump to 5-year low on Opec’s decision

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    Commodities retreated to a five-year low as crude oil tumbled after Organisation of the Petroleum Exporting Countries (Opec) refrained from cutting output to ease a global glut. Gold and copper also declined.

  • Corporate  |  NOVEMBER 28, 2014 3:53 PM

    NTT Data to make M’sia a regional hub

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    NTT Data Business Solutions Malaysia Sdn Bhd, a reseller of enterprise application software, will make Malaysia its regional hub to service customers better across Southeast Asia.

  • Markets  |  NOVEMBER 28, 2014 3:46 PM

    KL shares lower at mid-afternoon

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    Bursa Malaysia was lower at mid-afternoon today despite the mostly higher regional markets, a dealer said.

  • World Biz  |  NOVEMBER 28, 2014 3:41 PM

    OnePlus: One phone by invitations only

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    You cannot buy a OnePlus One smartphone. To buy one, you need an invitation. To get an invitation, you need to know someone who has one or you must compete for the chance to get an invite.

  • Corporate  |  NOVEMBER 28, 2014 3:36 PM

    Public Mutual declares RM285 mil distribution for 8 funds

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    Public Bank Bhd's wholly-owned subsidiary, Public Mutual Bhd, has declared distributions of RM285 million for eight funds for the financial year ending Nov 30, 2014.

  • Opinion  |  NOVEMBER 28, 2014 3:32 PM

    Is Uber really worth US$40 billion?

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    My Bloomberg colleague Serena Saitto broke the news that Uber could soon be valued between US$35 billion (RM117.1 billion) and US$40 billion, and you might be tempted to hold up the ride-sharing company as the poster child for irrational technology exuberance.

  • Featured and Exclusive & World Biz  |  NOVEMBER 28, 2014 3:24 PM

    Women save more than men

    Story by

    Even though men make US$1 (RM3.35) to a woman's 77 cents, women were the bigger savers over the past 12 months. If you remove the income filter and just look at gender, though, women have less saved than men. Their 401(k)s hold US$73,100 on average, compared with US$108,800 for men.

  • Corporate  |  NOVEMBER 28, 2014 3:15 PM

    SapuraKencana to be Syariah-compliant by end-Jan 2015

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    Local oil and gas player SapuraKencana Petroleum Bhd is undertaking preparations to be back on the Syariah-compliant list again, with the preparations expected to be completed by the end of January 2015, according to a market source.

  • Corporate & Markets  |  NOVEMBER 28, 2014 3:15 PM

    HLIB maintains ‘buy’ call on DRB-Hicom

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    Hong Leong Investment Bank (HLIB) has maintained a 'buy' call on DRB-Hicom Bhd with an unchanged target price of RM3.

  • Property  |  NOVEMBER 28, 2014 2:58 PM

    Property buyers may hold off to see effect of GST

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    Buyers may adopt a wait-and-see approach in deciding to buy properties in the first half of next year with the implementation of Goods and Services Tax (GST) next April, a property developer said today.

  • World Biz  |  NOVEMBER 28, 2014 2:58 PM

    Rio pledges dividends amid talks of Glencore takeover

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    A decision by Glencore to halt production at its Australian coal mines for three weeks in mid-December amid weak prices has demonstrated that it could be a better manager of Rio’s iron ore operations, Sanford C Bernstein & Co analysts led by London-based Paul Gait wrote in a Nov 17 note.

  • World Biz  |  NOVEMBER 28, 2014 2:55 PM

    China motorists now exceed 300 mil

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    China now has about the same number of licenced drivers as there are people in the US, even though two out of three adult Chinese still aren’t qualified to operate a motor vehicle.

  • Opinion  |  NOVEMBER 28, 2014 2:37 PM

    The Fed’s culture war

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    CAMBRIDGE – At a closed-door conference attended by senior bankers, regulators, and some academics, Federal Reserve governor Daniel Tarullo and Federal Reserve Bank of New York president William Dudley used their bully pulpit to do something unexpected. Instead of focusing …

  • World Biz  |  NOVEMBER 28, 2014 2:36 PM

    Fortescue slashes capex as iron ore plunges

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    Australia's Fortescue Metals Group, the world's number 4 iron ore miner, said on Friday it is halving its capital spending (capex) for the 2015 financial year to US$650 million (RM2.2 billion) but is keeping its production guidance intact.

  • Corporate  |  NOVEMBER 28, 2014 2:36 PM

    Falling oil may delay push for Asia LNG spot market

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    Plummeting oil prices look set to delay a push by Asian buyers of liquefied natural gas (LNG) for a pricing mechanism to kickstart spot trading of the world's fastest growing energy source.

  • Singapore  |  NOVEMBER 28, 2014 2:15 PM

    S’pore wealthy stung as bonds sink over oil plunge

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    Bonds from oilfield services providers are the worst performers among all local notes this year as the fuel slumped more than 30% since June. Two-year securities of Swiber Holdings Ltd, which helps build offshore platforms, are trading about 7 cents below the average price for Singapore debt sold since Dec 31. Most of the debentures were taken by private banks on behalf of their affluent clients.

  • Corporate & Featured and Exclusive  |  NOVEMBER 28, 2014 2:08 PM

    Industrial slump shackles Sime Darby 1Q profits

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    Diversified conglomerate Sime Darby Bhd started its latest financial year with quarterly profits moving sideways as its Industrial division earnings slumped to offset earnings growth in all other divisions.

  • Featured and Exclusive & World Biz  |  NOVEMBER 28, 2014 2:00 PM

    Samsung Elec staff fear the chop in annual reshuffle

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    Insiders say staff at Samsung Electronics have never been so anxious ahead of the annual reshuffle, as a weak smartphone performance and its worst earnings in three years are expected to cost many jobs.