• Issues  |  MARCH 5, 2015 8:00 AM

    Why is the ringgit so weak?

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    The last time the ringgit was this low, the world was in the midst of a global financial crisis. In this piece, KiniBiz looks at what moves a currency and asks what is driving the ringgit down this time.

  • Commodities  |  MARCH 5, 2015 7:43 AM

    Gold retreats on strong dollar after US data

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    Gold prices fell on Wednesday, heading for a third day of losses, as the dollar extended gains versus the euro after US economic data.

  • Finance & Markets  |  MARCH 5, 2015 7:38 AM

    US dollar hits 11-1/2-year high

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    The dollar climbed to a fresh 11-1/2-year high on Wednesday, boosted by strong US private-sector jobs growth ahead of the launch of quantitative easing by the European Central Bank.

  • Commodities  |  MARCH 5, 2015 7:21 AM

    US oil rises, Brent pares losses on Iran news

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    US oil futures rose on Wednesday and benchmark Brent pared losses as Opec member Iran stressed that it opposed a timeline for a freeze on nuclear activities, news that helped crude rebound from an early slide tied to swelling US stockpiles.

  • Markets  |  MARCH 5, 2015 7:06 AM

    US stocks end down for 2nd day after rally

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    US stocks closed down on Wednesday for the second day in a row as investors stepped back after a recent rally ahead of jobs data due later in the week.

  • World Biz  |  MARCH 4, 2015 11:10 PM

    McDonald’s phases out human antibiotics from chickens

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    McDonald's Corp's US restaurants will gradually stop buying chicken raised with antibiotics vital to fighting human infections, the most aggressive step by a major food company to force chicken producers to change practices in the fight against dangerous "superbugs".

  • Featured and Exclusive & World Biz  |  MARCH 4, 2015 9:38 PM

    Citi inks 10-year deal with MasterCard

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    Citigroup Inc reached a deal to issue most of its global consumer credit and debit cards on MasterCard Inc’s network.

  • Property & World Biz  |  MARCH 4, 2015 9:27 PM

    Chicago’s Willis Tower said to be for sale

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    The owners, which include New York-based investors Joseph Chetrit and Joseph Moinian, have hired brokerage Eastdil Secured to market the 110-storey skyscraper, said a person with knowledge of the matter, who asked not to be identified because the listing isn’t public.

  • World Biz  |  MARCH 4, 2015 9:11 PM

    International air passengers rise 5.4% in Jan

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    The international passenger traffic rose 5.4% in January compared with the same month last year, said the International Air Transport Association (IATA).

  • Corporate  |  MARCH 4, 2015 8:49 PM

    Angkasa ready to redeem lands of troubled cooperatives

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    Angkatan Koperasi Kebangsaan Malaysia Berhad is ready to redeem lands belonging to troubled cooperatives, said its president Abdul Fattah Abdullah.

  • Corporate  |  MARCH 4, 2015 8:42 PM

    Taliworks to fund acquisitions via banks, own funds

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    Taliworks Corp Bhd would fund its acquisitions of Pinggiran Muhibbah Sdn Bhd and Cerah Sama Sdn Bhd by way of bank borrowings of up to RM60 million and the balance by internal funds of RM42.85 million, it said in a filing to Bursa Malaysia today.

  • Corporate  |  MARCH 4, 2015 8:30 PM

    Fitters to redevelop Plaza Pekeliling area

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    Fitters Diversified Bhd will redevelop the Plaza Pekeliling area into a small office/home office-concept building following the land acquisition for RM28.28 million.

  • Corporate  |  MARCH 4, 2015 8:25 PM

    Melaka Gateway won’t be scrapped, says Idris

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    The Melaka Gateway residential and commercial property project in Pulau Melaka would not be scrapped just to satisfy political demand of certain quarters, said Chief Minister Idris Haron.

  • Corporate & Featured and Exclusive  |  MARCH 4, 2015 8:08 PM

    Mokhzani Mahathir resigns from SapuraKencana

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    SapuraKencana Petroleum Bhd's vice chairman Mokhzani Mahathir has resigned, Malaysia's largest oil and gas services firm by market value said on Wednesday, citing "personal reasons".

  • Corporate & Featured and Exclusive  |  MARCH 4, 2015 8:04 PM

    Cabinet: No wrongdoings in 1MDB

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    "Cabinet expressed confidence that no wrongdoing has been committed within 1MDB, and their desire for the company to be allowed to implement the proposed outcomes of its strategic review," said the Prime Minister's Office (PMO) in a statement.

  • Corporate  |  MARCH 4, 2015 7:57 PM

    Patients treated by outsourced specialists not subject to GST

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    He said invoices issued to users would not be subject to GST if it is issued by the hospital registered under the Private Healthcare Facilities and Services Act 1998 (Act 586).

  • Commodities  |  MARCH 4, 2015 7:46 PM

    Saudi to keep pumping as much oil as its customers need

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    Saudi Arabia, the world’s biggest crude exporter, plans to supply as much oil as its customers need and doesn’t anticipate any weakening in that demand.

  • Corporate & Featured and Exclusive  |  MARCH 4, 2015 7:23 PM

    PM instructs auditor-general to verify 1MDB’s accounts

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    Prime Minister Najib Abdul Razak has instructed the auditor-general to independently verify 1Malaysia Development Bhd (1MDB) accounts.

  • Corporate & Featured and Exclusive  |  MARCH 4, 2015 7:16 PM

    Najib set to break silence on 1MDB

    Story by

    Prime Minister (PM) Najib Abdul Razak is expected to break his silence on the controversial 1Malaysia Development Bhd (1MDB) revelations soon after cabinet discussed the matter today.

  • Featured and Exclusive & World Biz  |  MARCH 4, 2015 7:08 PM

    US firms stash RM7.6 tril overseas to avoid taxes

    Story by

    Microsoft Corp, Apple Inc, Google Inc, and five other tech firms now account for more than a fifth of the US$2.1 trillion in profits that US companies are holding overseas, according to a Bloomberg News review of the securities filings of 304 corporations.