• Corporate  |  APRIL 2, 2015 9:21 AM

    7-Eleven apologises for charging GST on newspapers

    Story by

    Popular 24-hour convenience store 7-Eleven were forced to say sorry after irate customers flooded social media with complaints that it charged goods and service tax on newspapers. Newspapers are among items which do not attract the six percent tax, which …

  • Corporate & Featured and Exclusive  |  APRIL 2, 2015 9:06 AM

    Rafizi seeks help from Dr Mahathir on 1MDB loan

    Story by

    Pandan MP Mohd Rafizi Ramli will be enlisting help from former prime minister Dr Mahathir Mohamad and Deputy Prime Minister Muhyiddin Yassin to urge for the return of a loan given by Retirement Fund Incorporated (KWAP). He told a press …

  • Corporate & Featured and Exclusive  |  APRIL 2, 2015 9:00 AM

    Traders increase prices on zero rated items

    Story by

    The implementation of the Goods and Services Tax (GST) starting today witnessed an increase in the price of several items that should not be subjected to GST.

  • Featured and Exclusive & World Biz  |  APRIL 2, 2015 8:41 AM

    McDonald’s US to raise pay and offer vacation benefits

    Story by

    McDonald’s Corp will raise pay at company-owned locations to at least US$1 (RM3.70) more than the local minimum wage and begin offering vacation benefits, aiming to gain an edge on rivals in an increasingly competitive labor market. The move, which …

  • Commodities  |  APRIL 2, 2015 8:02 AM

    Gold rallies as US dollar retreats on weak US jobs data

    Story by

    Gold rallied 2% on Wednesday as the dollar retreated after a downbeat US jobs report raised expectations that the Federal Reserve could be more cautious in tightening monetary policy. The dollar fell 0.2% against a basket of currencies, after weaker-than-expected ADP …

  • Featured and Exclusive & Markets  |  APRIL 2, 2015 7:54 AM

    US dollar slips on weak US economic data

    Story by

    The dollar slipped on Wednesday at the start of the second quarter as disappointing data on US manufacturing and jobs growth raised bets the Federal Reserve might refrain from raising interest rates until late 2015 at the earliest. The soft …

  • Featured and Exclusive & Markets  |  APRIL 2, 2015 7:44 AM

    US stocks down on weaker than expected economic data

    Story by

    US stocks eased on Wednesday as weaker-than-expected data spurred concerns over economic growth ahead of Friday’s jobs report and first-quarter earnings. Leading the day’s declines for a second day was the S&P health care sector, which fell 1.2%. Health care was the …

  • Commodities & Featured and Exclusive  |  APRIL 2, 2015 7:32 AM

    Oil jumps as US output drops, brent up 3.6%

    Story by

    Oil jumped as much as 5% on Wednesday, snapping a three-session losing streak, as US crude output fell for the first time in two months and the government announced a smaller-than-feared rise in weekly stockpiles. The market’s focus on Iran nuclear talks, which had …

  • World Biz  |  APRIL 1, 2015 10:15 PM

    Ping An to buy 9.9% stake in Country Garden for RM3 bil

    Story by

    Ping An Insurance Group Co, China’s second-biggest insurer, will buy a 9.9% stake in real estate developer Country Garden Holdings Co for about HK$6.3 billion (RM3 billion).

  • Finance  |  APRIL 1, 2015 10:07 PM

    ‘Basel III could help resolve Islamic finance weaknesses’

    Story by

    Regulatory proposals for a liquidity coverage ratio for Islamic financial institutions could help address some of the industry's long-standing weaknesses, particularly the lack of high-quality liquid assets (HQLAs), said Standard & Poor's Ratings Services.

  • Corporate  |  APRIL 1, 2015 9:57 PM

    Firms unveil new car prices after GST implementation

    Story by

    More companies have announced price reductions for their vehicles, following the implementation of the goods and services tax (GST) effective today.

  • World Biz  |  APRIL 1, 2015 9:42 PM

    Uber files complaints with EU over German, Spanish bans

    Story by

    Uber has filed complaints with Brussels against Spain and Germany over their bans on the mobile phone taxi-hailing service, ramping up the US company's battle against legal challenges across Europe.

  • Corporate  |  APRIL 1, 2015 9:37 PM

    MTEM outfit to open retail store at Nu Sentral Mall

    Story by

    Gemilang Usahawan Agency, an outfit under the Malay Economic Action Council (MTEM), plans to open its first retail store at Nu Sentral Mall here, aiming at promoting local brands.

  • Corporate  |  APRIL 1, 2015 9:32 PM

    Iskandar set to become data hub for SE Asia, says firm

    Story by

    Iskandar Malaysia is consolidating its position and is poised to be a key data centre hub for Southeast Asia with its location on the opposite side of Singapore, said international consulting firm BroadGroup Consulting.

  • Corporate & Featured and Exclusive  |  APRIL 1, 2015 9:16 PM

    Brahim’s, MAS extend talks on catering agreement

    Story by

    Brahim's Airline Catering Sdn Bhd, a 70%-owned subsidiary of Brahim's Holdings, has extended its negotiation with Malaysia Airline System Bhd to April 30 from March 31 to further discuss a new catering agreement.

  • Enterprise  |  APRIL 1, 2015 9:08 PM

    MaGIC to produce 200 social entrepreneurs by year-end

    Story by

    Malaysian Global Innovation and Creativity Centre (MaGIC), an agency under the Finance Ministry, aims to produce 200 social entrepreneurs nationwide through its social entrepreneurship programme by year-end.

  • World Biz  |  APRIL 1, 2015 9:03 PM

    APAC air freight demand up 20.8% in Feb

    Story by

    Asia Pacific airlines' freight tonne kilometres (FTK) in February rose by 20.8% compared to the same month last year, underpinned by strong demand ahead of the Lunar New Year.

  • Corporate  |  APRIL 1, 2015 8:58 PM

    Hibiscus unit raises stake in PL616 North Sea to 15%

    Story by

    Hibiscus Petroleum Bhd's jointly controlled entity, Lime Petroleum Norway AS (Lime Norway) has executed an agreement with Skagen44 AS to acquire an additional 10% interest in PL616 in the North Sea.

  • Corporate  |  APRIL 1, 2015 8:53 PM

    Mitsubishi M’sia announces new car prices

    Story by

    In line with the implementation of the goods and services tax (GST), the official distributor of Mitsubishi Motors vehicles in Malaysia, Mitsubishi Motors, has announced price reductions for its vehicles, ranging from RM200 to RM2,000.

  • Corporate  |  APRIL 1, 2015 8:49 PM

    HLB aims 50% retail clients to use its mobile app in 3 years

    Story by

    Hong Leong Bank (HLB) targets 50% of its 3 million retail customer base to use its mobile application within three years under Connect digital banking platform.