• World Biz  |  SEPTEMBER 22, 2014 11:36 PM

    World Bank: Ebola’s spread may have catastrophic cost

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    The World Bank warned that the economic costs of the Ebola outbreak in West Africa will escalate to “catastrophic” proportions if the virus spreads, while Ghanaian President John Dramani Mahama criticized the international response to the disease. “If other countries …

  • World Biz  |  SEPTEMBER 22, 2014 11:26 PM

    Alibaba banks earn RM971 mil in fees after largest IPO

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    Alibaba Group Holding Ltd.’s underwriters raked in US$300 million ((RM971 million) in fees after completing the largest initial public offering in history. The banks received 1.2% of the proceeds in fees, according to a regulatory filing. The total IPO size …

  • Corporate & Featured and Exclusive  |  SEPTEMBER 22, 2014 11:02 PM

    Azmin Ali is new S’gor Menteri Besar

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    Bukit Antarabangsa state assemblyman and PKR deputy president Mohamed Azmin Ali has been named as the new Selangor Menteri Besar

  • World Biz  |  SEPTEMBER 22, 2014 10:49 PM

    Apple sells record 10 mil new iPhones in first 3 days

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    Apple Inc said it sold a record 10 million iPhones in the first weekend after its new, larger phone models went on sale in 10 countries on Friday. The phones, iPhone 6 and iPhone 6 Plus, drew more than 4 …

  • World Biz  |  SEPTEMBER 22, 2014 8:52 PM

    Google chief tells EU to adapt better to digital world

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    Google chief Eric Schmidt said Europe’s leaders must do more to embrace the digital economy in order to boost growth and jobs, in an article published Monday by the European Commission – despite its ongoing probe into the internet search …

  • World Biz  |  SEPTEMBER 22, 2014 8:21 PM

    RadioShack in talks with major supplier to ease restructuring

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    RadioShack Corp., the electronics retailer trying to avoid bankruptcy, said it’s holding talks with a “major vendor” that could be beneficial to an out-of- court restructuring. The negotiations involve some of RadioShack’s largest creditors, the Fort Worth, Texas-based company said …

  • Corporate  |  SEPTEMBER 22, 2014 8:01 PM

    Petronas strives to support national EEV aspirations

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    Petronas will continue to introduce energy-efficient vehicle (EEV) compatible products in line with the National Automotive Policy (NAP) aspirations to turn Malaysia into the regional automotive hub of EEV by 2020. Its fuel technology manager for oil business, Chan Ming-Yau …

  • Corporate  |  SEPTEMBER 22, 2014 7:39 PM

    Berjaya Land 1Q pre-tax profit plunges to RM132.37 mil

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    Berjaya Land Bhd’s pre-tax profit for the first quarter ended July 31, 2014 plunged to RM132.37 million from RM215.85 million recorded in the same period last year. Revenue, however, rose to RM1.41 billion from RM1.02 billion previously. Berjaya Land in …

  • Commodities  |  SEPTEMBER 22, 2014 7:34 PM

    CPO prices end lower on weak demand

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    Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed lower today, extending last week’s losses as more traders remained on the sidelines, a dealer said. Phillip Futures Sdn Bhd derivative product specialist, David Ng, told Bernama the weaker …

  • TigerTalk  |  SEPTEMBER 22, 2014 7:34 PM

    Curiouser and curiouser as BAT backtracks on price hike

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    A scant two weeks after a price hike, which had fellow tobacco player JTI hop on for the ride, BAT reverts its prices to those before the hike. Tiger ponders on the rationale behind this revision, and is increasingly curious of how BAT works.

  • Corporate & Featured and Exclusive  |  SEPTEMBER 22, 2014 7:11 PM

    EPF denies report that members over 75 get no dividend

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    The Employees Provident Fund (EPF) has clarified that that all contributors, including those aged 75 and above, have been receiving their annual dividends.

  • World Biz  |  SEPTEMBER 22, 2014 6:55 PM

    Bangkok Airways aims to raise RM1.6 bil in Oct IPO -sources

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    Thai full-service carrier Bangkok Airways PCL plans to sell a 24.8% stake in an initial public offering (IPO) in October, which two people familiar with the matter said is aimed at raising US$500 million. Bangkok Airways in a statement on …

  • Featured and Exclusive & World Biz  |  SEPTEMBER 22, 2014 6:52 PM

    Tesco shares fall, employees suspended

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    Tesco Plc’s bonds fell after the biggest UK supermarket chain said it overstated a first-half profit estimate and suspended the head of its British business as it conducts an accounting probe.

  • Corporate, Featured and Exclusive, Property  |  SEPTEMBER 22, 2014 6:27 PM

    Shapadu undertakes new RM700 mil GDV project

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    Shapadu Boulevard Sdn Bhd, the property arm of Shapadu Group, will undertake a mixed development project known as Shapadu Putrajaya Haven

  • Commodities  |  SEPTEMBER 22, 2014 6:14 PM

    Rubber market closes lower

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    Malaysian rubber prices closed lower today in line with the benchmark Tokyo Commodity Exchange and Shanghai Futures Exchange, said a dealer.

  • Markets  |  SEPTEMBER 22, 2014 6:09 PM

    Ringgit closes lower against US dollar

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    The ringgit closed lower against the US dollar today after failing to maintain its earlier strong momentum in line with other Asian emerging currencies.

  • Markets  |  SEPTEMBER 22, 2014 6:03 PM

    KL shares ends lower in tandem with regional bourses

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    Shares in Bursa Malaysia finished lower today in tandem with regional bourses with the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) 3.44 points easier.

  • World Biz  |  SEPTEMBER 22, 2014 6:01 PM

    Line messaging app won’t seek overseas IPO this year

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    South Korean search portal Naver Corp. said it won’t take its popular Line mobile messaging service public this year. Line Corp., which makes money by asking smartphone users of its app to pay for teddy bear icons and games, was …

  • Corporate & Featured and Exclusive  |  SEPTEMBER 22, 2014 5:59 PM

    River of Life to recoup investment with land sales

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    RM4 billion project to clean and beautify the Klang River will recoup project cost through open tender land sales, says a Pemandu director.

  • World Biz  |  SEPTEMBER 22, 2014 5:35 PM

    Google selects HTC to make its new Nexus tablet

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    The Wall Street Journal reports that Google Inc has selected HTC Corp to make its upcoming 9-inch Nexus tablet.