• Corporate & Markets  |  SEPTEMBER 19, 2014 11:20 AM

    Weststar inviting banks to participate in RM1.9 bil IPO

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    Malaysian helicopter operator Weststar Aviation Services, partly owned by US private equity company KKR, is inviting banks to pitch for a share listing slated for 2015, sources said.

  • Featured and Exclusive & World Biz  |  SEPTEMBER 19, 2014 11:16 AM

    HK traders selling iPhone 6 in China at inflated prices

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    While the device debuts today in the US, Hong Kong, Japan and Australia, there is no release date set for the world’s biggest smartphone market. That creates an opportunity for Hong Kong traders to sell iPhones to consumers in China at higher prices.

  • Economy  |  SEPTEMBER 19, 2014 11:05 AM

    Thailand to raise domestic gas prices as part of reform

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    Thailand's military-backed government plans to raise domestic gas prices in early October as part of a reform to move fuel prices to a market-based system.

  • Markets  |  SEPTEMBER 19, 2014 10:36 AM

    Ringgit opens lower against US dollar on lack of demand

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    At 9.13 am, the ringgit was quoted at 3.2390/2420 to the US dollar from 3.2260/2290 traded at 5 pm on Thursday.

  • Featured and Exclusive & World Biz  |  SEPTEMBER 19, 2014 10:34 AM

    Alibaba raises RM70.6 bil in record-breaking US IPO

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    Alibaba Group Holding Ltd cemented its status as a symbol of China’s economic emergence by raising US$21.8 billion in a US IPO.

  • Markets  |  SEPTEMBER 19, 2014 10:28 AM

    KL shares higher in the morning as OPR remains the same

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    The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.16% higher this morning, after Bank Negara left the overnight policy rate (OPR) unchanged.

  • Commodities  |  SEPTEMBER 19, 2014 9:28 AM

    Oil prices down on supply glut and strong US dollar

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    Crude oil fell on Thursday, pressured by ample supply, concerns about demand growth and a stronger US dollar.

  • Markets  |  SEPTEMBER 19, 2014 9:18 AM

    Pound higher against US dollar and euro

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    Sterling rose to a two-week high against the US dollar and two-year peak against the euro on Friday, taking comfort from a poll showing support for Scotland to remain in the United Kingdom.

  • Commodities  |  SEPTEMBER 19, 2014 9:07 AM

    Gold prices rebound after Fed keeps low interest rates

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    Gold rebounded on Thursday, as investors bought back their bearish bets after speculation over an earlier-than-expected US interest rate hike by the Federal Reserve sent bullion prices to a 8-1/2month low.

  • Markets  |  SEPTEMBER 19, 2014 8:50 AM

    US stocks rise as Fed pledges to keep interest rates low

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    US stocks rose on Thursday, a day after the US Federal Reserve kept intact its pledge to keep interest rates low, providing a backstop for investors that helped lift both the Dow and S&P to record highs.

  • StockStalk  |  SEPTEMBER 19, 2014 8:00 AM

    F&N: Turnaround ahead?

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    Nine months into its financial year, and Fraser & Neave Holdings Bhd (FNHB) is in line to meet growth estimates. Should it maintain its momentum, then it will record a growth in profit for the first time since FY2011 - could a reversal in the group’s downward earnings and profits trend, be around the corner?

  • Markets & World Biz  |  SEPTEMBER 19, 2014 12:05 AM

    Dow average rises to record high on Fed optimism

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    US stocks rose for a third day, sending the Dow Jones Industrial Average to a record, as data showed fewer Americans filing for jobless claims and investors speculated interest rates will remain low. ConAgra Foods Inc., the packaged-food company that …

  • World Biz  |  SEPTEMBER 18, 2014 11:50 PM

    Google ruling response vetted by watchdogs amid complaints

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    Google Inc. faces continued scrutiny over its response to a court ruling on the right to be forgotten after regulators from across the European Union said they’d received complaints from the public. The EU’s 28 privacy regulators continue “to analyze …

  • World Biz  |  SEPTEMBER 18, 2014 11:20 PM

    Alibaba to draw IPO orders from Fidelity to BlackRock

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    At least six big institutional investors are poised to take substantial stakes in Alibaba Group Holding Ltd., people familiar with the matter said. Fidelity Investments, BlackRock Inc. and T. Rowe Price Group Inc. have asked for some of the largest …

  • Enterprise & Issues  |  SEPTEMBER 18, 2014 9:00 PM

    Benithem goes for quality over quantity

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    Selling the same number of chairs over 10 years does not sound like good business. But it does if you sell it at five times the price. Benithem’s founder explains how focus on quality has helped him sell more expensive chairs.

  • Corporate  |  SEPTEMBER 18, 2014 8:57 PM

    MNRB cautiously optimistic of FY15

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    MNRB Holdings Bhd is cautiously optimistic of the group’s prospects for the 2015 financial year, said resident/chief executive officer, Mohd Din Merican. Mohd Din said the investment holding company put in a lot of efforts to improve its businesses and …

  • Corporate  |  SEPTEMBER 18, 2014 8:38 PM

    YFG unit bags RM17.43 mil Mitrajaya contract

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    YFG Bhd’s unit, YFG Engineering Sdn Bhd, has secured a RM17.43 million contract from Pembinaan Mitrajaya Sdn Bhd to install electrical fittings in the new condominium in Cyberjaya. In a filing to Bursa Malaysia, YFG said its unit secured the …

  • Corporate  |  SEPTEMBER 18, 2014 8:26 PM

    India, China enhance cooperation in railway sector

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    India and China on Thursday signed several agreements including enhancing bilateral ties in trade and investment and cooperation in the railway

  • Corporate  |  SEPTEMBER 18, 2014 8:19 PM

    REDtone invests in 2 new subsidiaries in China

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    REDtone International Bhd’s indirect unit, REDtone Telecommunications China Ltd has invested in two new subsidiaries incorporated in The People’s Republic of China. In a filing to Bursa Malaysia today, the company said it had subscribed to a 49.8% equity interest …

  • Corporate & Enterprise  |  SEPTEMBER 18, 2014 8:16 PM

    “Entrepreneurs must take advantage of agreements”

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    Entrepreneurs should take advantage of trade facilitation and market liberalisation efforts undertaken by Asia-Pacific countries, said Rafidah Aziz. The former International Trade and Industry Minister said within the Asia-Pacific economies, there were already domestic and regional level support system for …