• Corporate  |  MARCH 30, 2015 5:03 PM

    CIMB, Maybank shine at RAM League Awards

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    CIMB Investment Bank Bhd and Maybank Investment Bank Bhd bagged the most number of awards at the 12th annual RAM League Awards hosted by RAM Holdings Bhd, which was held last Friday night in Kuala Lumpur.

  • Corporate & Featured and Exclusive  |  MARCH 30, 2015 4:34 PM

    ‘RM5 bil 1MDB debt exposure manageable for local banks’

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    Moody’s Investor Service Singapore believes that the Malaysian banks’ RM5 billion exposure to 1Malaysia Development Bhd’s debt is credit negative but that even a worst case credit loss will be manageable.

  • Corporate  |  MARCH 30, 2015 4:15 PM

    Boustead gets RM531 mil submarine support contract

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    Boustead DCNS Naval Corp Sdn Bhd, a 60%-owned unit of Boustead Heavy Industries Corp Bhd (BHIC), has received an additional contract with a ceiling value of RM531.2 million from the Malaysian government.

  • Corporate & Featured and Exclusive  |  MARCH 30, 2015 3:55 PM

    6,000 job cuts unvoidable for MAS, says Tee Keat

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    Ailing Malaysia Airlines (MAS) is facing a "do-or-die" situation and its plan to cut 6,000 jobs is unavoidable and should proceed, former Transport Minister Ong Tee Keat said today.

  • Markets  |  MARCH 30, 2015 3:43 PM

    KL shares remain firm at mid-afternoon

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    Shares on Bursa Malaysia remained firm at mid-afternoon today, in line with bullish regional bourses, lifted by gains in heavyweights.

  • Corporate & Featured and Exclusive  |  MARCH 30, 2015 3:39 PM

    MRT2 reroute part of 1MDB ‘bailout’, says Tony Pua

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    The second MRT line (MRT2) reroute is yet another example of the government running to 1Malaysia Development Bhd’s rescue, DAP’s Petaling Jaya Utara MP Tony Pua said.

  • Commodities & Corporate  |  MARCH 30, 2015 3:16 PM

    Platts to include Pengerang in S’pore price assessment

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    Oil pricing agency Platts said on Monday it will include the Pengerang oil terminal in the southern Malaysian state of Johor in its Singapore price assessment process from May 1.

  • Corporate & Economy  |  MARCH 30, 2015 2:58 PM

    ‘More Chinese businesses are pessimistic about GST’

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    A survey has revealed that Chinese businessmen are pessimistic about the nation's economic performance for the rest of the year as well as 2016.

  • Corporate & Featured and Exclusive  |  MARCH 30, 2015 2:26 PM

    MIDF upgrades AirAsia X shares to ‘buy’

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    Long-haul carrier AirAsia X shares have hit rock bottom amid an improving operating environment, said MIDF Research in upgrading the counter to “buy” today.

  • Corporate  |  MARCH 30, 2015 1:39 PM

    Customs to hire 800 more staff for GST implementation

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    The Customs Department will recruit more than 800 new staff over three months towards efforts to monitor implementation of the Goods and Services Tax (GST) in a more transparent manner.

  • Finance & World Biz  |  MARCH 30, 2015 1:30 PM

    South Korea expects to take 4%-5% stake in China-led AIIB

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    South Korea expects to take a stake of 4% to 5% in the China-led Asian Infrastructure Investment Bank (AIIB), in which it is seeking to be a founding member, a deputy finance minister said on Monday.

  • Corporate, Featured and Exclusive, Markets  |  MARCH 30, 2015 1:11 PM

    Ringgit at 1-week low on 1MDB and oil concerns

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    Malaysia’s ringgit fell to a one-week low against the dollar as falling crude prices renewed concern that finances will worsen for Asia’s only major oil exporter.

  • Markets  |  MARCH 30, 2015 12:55 PM

    KL shares end morning session on a firm note

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    Shares on Bursa Malaysia remained firm at the end of the morning session today, lifted by gains in heavyweights, a dealer said.

  • World Biz  |  MARCH 30, 2015 12:49 PM

    Australia sets new cockpit rule after Germanwings crash

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    The Australian government imposed a requirement on Monday that its airlines have two crew members in the cockpit at all times as a safety precaution following the Germanwings crash that killed 150 passengers and crew last week.

  • Commodities  |  MARCH 30, 2015 12:40 PM

    Tin closes at US$30 higher at US$17,180 a tonne

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    The tin price on the Kuala Lumpur Tin Market (KLTM) closed US$30 higher at US$17,180 and in tandem with the rise in the metal price on the London Metal Exchange(LME), a dealer said.

  • Corporate  |  MARCH 30, 2015 12:36 PM

    Temporary suspension of KL monorail service due to fire

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    One of the rubber tyres of a four-car monorail train caught fire at the Titiwangsa station here this morning, resulting in the temporary suspension of the monorail service in the city from 8.50 am.

  • OTHERS  |  MARCH 30, 2015 12:24 PM

    Prada posts 28% drop in profit amidst slowdown in China

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    Prada SpA reported a 28% drop in full-year profit as fewer Chinese shoppers splurged on US$2,950 (RM10,861) leather handbags and other luxury products.

  • Markets  |  MARCH 30, 2015 12:08 PM

    KL shares remain on the uptrend at mid-morning

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    The FTSE Bursa Malaysia KLCI (FBM KLCI) remained on an uptrend mid-morning, lifted by consumer-related stocks.

  • Corporate & Markets  |  MARCH 30, 2015 11:22 AM

    Berjaya, Redtone shares up on takeover bid

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    Berjaya Corporation Bhd and Redtone International Bhd's stocks were traded higher in early session after the former launched a takeover bid on the telecommunication company at 80 sen per share.

  • Corporate, Featured and Exclusive, World Biz  |  MARCH 30, 2015 11:05 AM

    US and European banks cut 59,000 jobs in 2014

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    Top European and US banks axed 59,000 jobs last year as they restructured and cut costs, with headcount expected to shrink further in Europe as bosses strive to improve profitability that has been hit hard by tougher regulation.