• Corporate, Featured and Exclusive, Property  |  MARCH 3, 2015 8:24 PM

    119,933 PR1MA units approved for construction

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    A total of 119,933 units of houses under the 1Malaysia Housing Project (PR1MA) has been approved for construction so far, involving 80 projects nationwide.

  • World Biz  |  MARCH 3, 2015 8:17 PM

    Hong Kong records worst retail sales since Sars

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    Hong Kong retail sales in January slid 14.6% from a year earlier in their worst showing since the Asian financial hub was routed by the severe acute respiratory syndrome (Sars) scare in 2003.

  • Corporate & Featured and Exclusive  |  MARCH 3, 2015 8:00 PM

    Najib visits TRX MRT station

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    Prime Minister Najib Abdul Razak today visited the construction site of the Tun Razak Exchange (TRX) Mass Rapid Transport (MRT) station to check out the progress of the most modern public transport hub in the country, which is scheduled for completion in July 2017.

  • Corporate, Featured and Exclusive, Finance  |  MARCH 3, 2015 7:19 PM

    Telekom to raise RM2.7 bil with sukuk

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    Malaysia's Telekom Malaysia Bhd said on Tuesday it would raise up to US$750 million (RM2.7 billion) with a multi-currency Islamic bond programme for capital and operating expenses.

  • World Biz  |  MARCH 3, 2015 7:15 PM

    Air freight makes slow start this year, says IATA

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    The International Air Transport Association's (IATA) data for global air freight markets showed a slower growth of 3.2% in freight tonne kilometres (FTKs) in January 2015 compared to the same month last year.

  • Corporate & Featured and Exclusive  |  MARCH 3, 2015 7:11 PM

    M’sia submits bid to operate Nepal airport

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    Malaysia, which is keen to share its expertise with Nepal as part of government-to-government initiative, has submitted a proposal to operate the Tribhuvan International Airport.

  • Corporate  |  MARCH 3, 2015 7:02 PM

    Chua: UEC examination fees exempted from GST

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    The Unified Examination Certificate (UEC) fees for the Chinese independent high schools under United Chinese School Committees' Association (Dong Zong) will be exempted from the goods and services tax (GST).

  • Corporate  |  MARCH 3, 2015 7:01 PM

    PMB’s sukuk fund receives RM70 mil subscription

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    PMB Investment Bhd's sukuk fund, PMB Wholesale Sukuk Fund, which was launched today, received a subscription of RM70 million.

  • Corporate & Property  |  MARCH 3, 2015 7:00 PM

    ‘KL CBD most attractive commercial area in M’sia’

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    The KL Central Business District (CBD) and Golden Triangle are still the most attractive regions in Malaysia for commercial real estate investment for 2015, according to a survey by global property consultant Knight Frank.

  • Singapore & World Biz  |  MARCH 3, 2015 6:52 PM

    Midas’ unit wins RM211 mil US rail market contract

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    Midas Holdings Ltd's subsidiary, Jilin Midas Aluminium Industries Co Ltd has won a US$58.3 million (RM211.42 million) contract to supply aluminium alloy extrusion profiles and fabricated parts for a rail project in the US.

  • Markets  |  MARCH 3, 2015 6:50 PM

    Ringgit rises against US$

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    The ringgit rebounded to close higher against the US dollar in late trading today, on short covering in line with the stronger regional currencies, a dealer said.

  • Corporate & Featured and Exclusive  |  MARCH 3, 2015 6:33 PM

    TNB to submit application for power plant project by Mar 15

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    Tenaga Nasional Bhd (TNB) is in the midst of its due diligence process and expected to submit its application for the 4A power plant project to the Energy Commission (EC) by March 15, 2015.

  • World Biz  |  MARCH 3, 2015 5:46 PM

    Marriott to double its Europe hotel rooms by 2020

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    Marriott International Inc plans to double the number of hotel rooms it has in Europe within five years to take advantage of growth in tourism and business travel.

  • Markets  |  MARCH 3, 2015 5:43 PM

    KL shares close higher

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    Bursa Malaysia ended higher today on continued buying in selective heavyweights, as bargain hunters emerged after yesterday's losses, dealers said.

  • Corporate & Featured and Exclusive  |  MARCH 3, 2015 5:40 PM

    ‘Thousands of documents more on 1MDB and Jho Low’

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    There are "thousands of documents" on the dealings of 1Malaysia Development Bhd (1MDB) and businessman Taek Jho Low's role in the state investment arm in the possession of whistleblower Sarawak Report.

  • Commodities  |  MARCH 3, 2015 5:37 PM

    Rubber market ends mixed

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    The Malaysian rubber market ended mixed in quiet trading today, a dealer said.

  • Corporate  |  MARCH 3, 2015 5:34 PM

    Use of credit cards to pay income tax lauded

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    The Association of Islamic Banking Institutions Malaysia has lauded the use of credit cards to pay income tax, saying it would help avoid penalties while the government benefits from direct tax collection.

  • World Biz  |  MARCH 3, 2015 5:27 PM

    Nippon Steel to sharpen its safety operations in Japan

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    Nippon Steel & Sumitomo Metal Corp will sharpen its focus on operations in Japan in the wake of a series of incidents at the company’s Nagoya steel plant.

  • Corporate  |  MARCH 3, 2015 5:23 PM

    CIMB, Mitsubishi launch Asean Industrial Growth Fund

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    CIMB Group and Mitsubishi Corp have jointly launched the Asean Industrial Growth Fund (AIGF), a new Asean private equity fund which has reached a fund size of US$130 million (RM471.43 million).

  • Commodities, Corporate, Featured and Exclusive  |  MARCH 3, 2015 5:17 PM

    FGV confirms reviewing land lease payments to Felda

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    Felda Global Ventures Holdings Bhd (FGV) group president and CEO Mohd Emir Mavani said the agribusiness giant is negotiating terms for its hefty land lease agreement (LLA) payments to Felda.