• World Biz  |  NOVEMBER 24, 2014 10:25 AM

    Aquis drops Cairns casino bid; hotel plan under review

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    Aquis Group, the developer that’s planning to build the world’s largest hotel in the tropical Australian city of Cairns, put the project on review after a related casino takeover fell through.

  • Markets  |  NOVEMBER 24, 2014 10:13 AM

    FBM KLCI opens slightly higher

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    The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) opened slightly higher this morning lifted by buying support in selected blue chips.

  • World Biz  |  NOVEMBER 24, 2014 10:08 AM

    CGN Power seeks RM10.7 bil in HK IPO

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    CGN Power Co, China’s biggest producer of nuclear energy, is seeking as much as US$3.2 billion (RM10.7 billion) in what could be the largest initial public offering (IPO) in Hong Kong in two years.

  • Markets  |  NOVEMBER 24, 2014 9:57 AM

    Ringgit opens higher against US$

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    The ringgit opened higher against the US dollar this morning, supported by continuous buying for the local unit, dealers said.

  • World Biz  |  NOVEMBER 24, 2014 8:50 AM

    Dalian Wanda plans more than 150 hotels by 2018

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    Chinese property developer Dalian Wanda Group plans to build more than 150 premium hotels around the world by 2018 in an expansion of its luxury hotel business, state news agency Xinhua said on Sunday.

  • World Biz  |  NOVEMBER 24, 2014 8:40 AM

    Casino operators look to South Korea as consolation

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    South Korea looks like the consolation prize as Japan's US$15 billion (RM50.21 billion) casino dream fades, a setback for companies such as Las Vegas Sands Corp that envisioned a new gaming hub rivalling Las Vegas in 2020.

  • Economy  |  NOVEMBER 24, 2014 8:26 AM

    Fuel hike expected to slow Indonesia auto sales

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    Indonesia's petrol price hike could put the brakes on the speed at which consumers in Southeast Asia's biggest auto market buy cars and switch to four wheels from two.

  • Economy  |  NOVEMBER 24, 2014 8:10 AM

    Slowing economy trims China’s shadow banking

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    A bid by China to rein in its "shadow banking" activity is producing results, thanks to slowing economic growth and tighter regulation.

  • StockStalk  |  NOVEMBER 24, 2014 8:00 AM

    Sunway: Hold out for a dividend bonanza

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    Market analysts are recommending Sunway to patient investors who want to cash in on a one-off dividend payout from the stock market listing of the company’s construction division next year.

  • Commodities  |  NOVEMBER 24, 2014 7:47 AM

    Iran said to push for Saudi oil output cut at Opec

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    Iran will try to persuade Saudi Arabia to cut oil production when the oil ministers from the two Organisation of the Petroleum Exporting Countries (Opec) members meet this week in Vienna, Iran's semi-official Mehr news agency reported on Sunday citing a television interview with the country's oil minister.

  • Featured and Exclusive  |  NOVEMBER 24, 2014 7:40 AM

    Symantec: Spying malware with ‘stealth’ features found

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    An advanced malicious software application has been uncovered that since 2008 has been used to spy on private companies, governments, research institutes, and individuals in 10 countries, antivirus software maker Symantec Corp said in a report on Sunday.

  • Corporate  |  NOVEMBER 24, 2014 7:26 AM

    Bina Darulaman to acquire land worth RM202 mil

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    Bina Darulaman Bhd (BDB) will acquire a total of 467.4 ha of land in several districts in the state for RM202 million.

  • Corporate  |  NOVEMBER 24, 2014 7:20 AM

    Golden Pharos Q3 pre-tax profit hits record RM26.5 mil

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    Golden Pharos Bhd (GPB) posted a pre-tax profit of RM26.5 million for the third quarter of this year, chairperson Abdul Rahman Bakar said.

  • Featured and Exclusive & Opinion  |  NOVEMBER 24, 2014 12:00 AM

    Going beyond pretty pictures

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    Every once in a while, voices emerge out of the woodwork to raise scepticism on Pemandu’s role and relevance. The last few weeks were no different. I would group the grumblings into these buckets: What is Pemandu actually tasked to …

  • World Biz  |  NOVEMBER 23, 2014 5:29 PM

    Falling inflation a worry for Europe but also the world

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    European Central Bank President Mario Draghi has moved closer to launching sovereign debt purchases and data this week will show just how dangerously low inflation has fallen in the US$13 trillion euro zone economy. A sickly Europe has held back global economic …

  • World Biz  |  NOVEMBER 23, 2014 5:23 PM

    Countdown to missed opportunity for EU economy

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    The countdown has begun to what threatens to be a missed opportunity to revive Europe’s stalled economy. When European Union leaders meet on Dec 18-19 under new management, they have a chance to launch a joint assault on the economic stagnation and high unemployment …

  • World Biz  |  NOVEMBER 23, 2014 5:12 PM

    Australia raises A$5.7 bil selling Medibank in IPO

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    Australia raised A$5.68 billion (US$4.9 billion) selling shares of Medibank Private Ltd. in the country’s second-largest initial public offering. The government sold about 2.7 billion shares in the country’s biggest health insurer at a price of A$2.15 apiece for institutional …

  • World Biz  |  NOVEMBER 23, 2014 5:06 PM

    5 of 16 listed Chinese banks raise deposit rates to ceiling

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    Five of 16 listed Chinese banks raised their one-year deposit rates to the ceiling of the regulatory benchmark, in a mixed response by lenders to China’s latest interest rate liberalization. China Citic Bank Corp., Ping An Bank Co., Huaxia Bank …

  • Corporate  |  NOVEMBER 23, 2014 1:45 PM

    5 M’sian firms dip their toes in Silicon Valley

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    The five Malaysian mid-tier companies on their ‘country-immersion visit’ to Silicon Valley organised by the Malaysia External Trade Development Corp (MATRADE) got first-hand exposure to the business environment and the latest technologies in the region. “It was our first exposure to this very …

  • Corporate  |  NOVEMBER 23, 2014 1:31 PM

    110% loan for PR1MA house buyers

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    Najib Razak said loan offers of as high as 110% will be extended to 1Malaysia Housing Project  (PR1MA) house buyers by selected financial institutions. The prime minister said this was a continuance of the government’s effort to help the people pertaining to …