• Corporate  |  DECEMBER 18, 2014 4:14 PM

    TNB to invest more in renewable energy

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    Tenaga Nasional Bhd (TNB) will increase its investment in alternative sources of energy to ameliorate the effects of a fossil fuel shortage going forward, says chairperson Leo Moggie.

  • Corporate & Featured and Exclusive  |  DECEMBER 18, 2014 4:14 PM

    ‘Healthcare pricier with GST… but don’t panic’

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    Healthcare costs will go up with the introduction of goods and services tax (GST) on April 1, 2015, the Customs Department admits.

  • Corporate  |  DECEMBER 18, 2014 4:03 PM

    MIDF initiates coverage on Muhibbah

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    MIDF Research has initiated coverage on Muhibbah Engineering (M) Bhd (Muhibbah) with a “buy” recommendation and a target price of RM2.74, on the back of the solid order book of RM2.5 billion over the next two years for the group. …

  • Markets  |  DECEMBER 18, 2014 3:56 PM

    KL shares maintain uptrend at mid-afternoon

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    Share prices on Bursa Malaysia maintained their uptrend at mid-afternoon today on growing investor confidence, dealers said.

  • Issues  |  DECEMBER 18, 2014 3:50 PM

    What went wrong at MAS

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    In this second part of our interview with former MAS CEO Abdul Aziz Abdul Rahman, he talks about what he thinks went wrong for MAS, where he disagrees with Khazanah’s 12-step plan, and why he believes that MAS’ employees always end up as the scapegoats.

  • Commodities  |  DECEMBER 18, 2014 3:48 PM

    Modi gets his Thatcher moment over coal union

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    Different time, another country, but Modi has angry unions threatening to stop work at the world’s biggest coal miner - Coal India Ltd.

  • Corporate, Featured and Exclusive, World Biz  |  DECEMBER 18, 2014 3:41 PM

    Ikea opens biggest store in the world in South Korea

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    Iconic Swedish furniture retailer Ikea built its biggest store in the world to serve South Korea's shrinking households, targeting millions of people living alone with Korea-only items like super-sized single beds and in-store kimchi rice.

  • Corporate  |  DECEMBER 18, 2014 3:27 PM

    Analysts maintain Genting’s rating despite NY setback

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    Analysts have maintained their recommendations for Genting Malaysia Bhd (GenM), despite news that the subsidiary of local gaming giant Genting Bhd had been unsuccessful in its bid to develop a casino in either of its chosen locations by the New …

  • World Biz  |  DECEMBER 18, 2014 3:22 PM

    Japan auto lobby sounds alarm over weak sales

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    The head of Japan's auto lobby on Thursday said a "sense of crisis" hung over the industry, with unexpectedly weak domestic sales revealing the failure of government stimulus policies and currency turmoil hitting key export markets.

  • Featured and Exclusive & World Biz  |  DECEMBER 18, 2014 3:10 PM

    Uber driver charged over rape in Boston

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    A Boston person who works as an Uber Technologies Inc driver was charged with taking a passenger to a secluded area and raping her, as questions about the company’s driver-screening process prompted it to begin an assessment of its safety programmes.

  • Corporate & Featured and Exclusive  |  DECEMBER 18, 2014 3:05 PM

    1MDB has no big problems: Ahmad Maslan

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    Deputy Finance Minister Ahmad Maslan has defended debt-ridden company 1Malaysia Development Bhd (1MDB), amidst police reports lodged against the company.

  • Corporate  |  DECEMBER 18, 2014 2:51 PM

    AllianceDBS upgrades CMS to ‘buy’

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    AllianceDBS Research upgraded Cahya Mata Sarawak Bhd from a previous “hold” call to a “buy” recommendation, also upping their target price for the construction materials provider to RM4.30 from a previous RM4.

  • Commodities  |  DECEMBER 18, 2014 2:47 PM

    NY says shale fracking unsafe; governor to ban

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    The New York state Health Department said fracking for natural gas can’t be done safely, dooming prospects that governor Andrew Cuomo will end a six-year moratorium.

  • Corporate & Featured and Exclusive  |  DECEMBER 18, 2014 2:43 PM

    Customs denies GST to be imposed on tolled bridges

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    The Royal Customs Department has denied allegations that the goods and services tax (GST) will be imposed on tolled bridges.

  • World Biz  |  DECEMBER 18, 2014 2:21 PM

    Hot dogs, coffee spur Shell’s expansion

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    Retail sales for the 45,000 gas stations owned by Shell worldwide generated US$6 billion (RM20.8 billion) in non-fuel revenue last year. That amount will rise this year, said Istvan Kapitany, the Hague-based company’s vice president for retail.

  • World Biz  |  DECEMBER 18, 2014 2:01 PM

    Avon China unit pleads guilty to bribery

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    The China unit of Avon Products Inc pleaded guilty on Wednesday in connection with a bribery scheme and Avon agreed to pay US$135 million (RM468.82 million) to resolve related civil and criminal charges.

  • Corporate & Markets  |  DECEMBER 18, 2014 1:59 PM

    Only World debuts flat at 88 sen on main board

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    Only World Group Holdings Bhd made its debut on Bursa Malaysia's Main Market today at 88 sen and flat over its initial public offering (IPO) price.

  • Corporate  |  DECEMBER 18, 2014 1:54 PM

    7.5 sen dividend, 1 sen bonus per unit for ASB

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    Amanah Saham Bumiputera (ASB) unitholders will receive 7.5 sen dividend per unit for the financial year ending Dec 31, 2014 compared with 7.7 sen declared last year.

  • Commodities  |  DECEMBER 18, 2014 1:31 PM

    KLTM declines sharply to US$19,500 a tonne

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    The Kuala Lumpur Tin Market (KLTM) extended its downtrend in declining US$500 to close at US$19,500 per tonne today, a dealer said.

  • Markets  |  DECEMBER 18, 2014 1:29 PM

    KL shares remain higher at mid-day

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    Share prices on Bursa Malaysia remained higher at mid-day today in tandem with other regional bourses, dealers said.