• Issues  |  APRIL 16, 2014 9:00 PM

    Powering Energy & Utilities forward?

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    Sime Darby Energy & Utilities is much smaller from other, bigger divisions in terms of contributions. But its RM2 billion loss in FY10 is a lesson in how big an effect one division’s performance can have on how the collective group is doing. That episode could have been prevented by independent listing.

  • Corporate, Economy, World Biz  |  APRIL 16, 2014 8:59 PM

    Sales of M’sian products normal in China

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    The sales of Malaysian products in China, particularly food and beverage (F&B) products, remain normal despite calls by Chinese netizens to boycott them following the disappearance of Malaysia Airlines’ (MAS) MH370. A Malaysian importer of various products here, Loh Wee …

  • Economy  |  APRIL 16, 2014 8:39 PM

    Thailand’s economy nears recession in 1H

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    Thailand’s economy in the first half of the year is nearing recession, with growth less than one per cent, pressured by ongoing political unrests in the country. According to Kasikorn Research Centre (K-Research), Thailand was on the verge of recession, …

  • Corporate  |  APRIL 16, 2014 8:17 PM

    Capitamall 1Q pre-tax profit rises to RM38.2 mil

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    Capitamalls Malaysia Trust’s (CMMT) pre-tax profit rose to RM38.193 million in the first quarter ended March 31, 2014 from RM35.848 million in the same period last year. Revenue went up to RM78.972 million in the quarter from RM74.384 million in the …

  • Corporate & Featured and Exclusive  |  APRIL 16, 2014 7:58 PM

    Special audit on alleged RM8.7 mil Kamdar withdrawal

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    Kamdar Group has appointed a special auditor to assist its own audit committee in a special audit investigation on an alleged withdrawal of RM8.7 million from Kamdar Sdn Bhd.

  • Corporate  |  APRIL 16, 2014 7:45 PM

    BMW eyes sales growth with new model launches

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    German automaker BMW Group Malaysia Sdn Bhd is banking on the launch of two new vehicles to help fuel its overall sales in Malaysia. “We expect a double-digit growth in sales this year”, said Chief Executive Officer Dr Gerhard Pils. …

  • Commodities  |  APRIL 16, 2014 7:35 PM

    CPO futures extend rally on better export demand

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    Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives extended their rally for the third consecutive day today on the back of improved export demand. A trader at Phillip Futures said the market anticipated demand to increase further in …

  • Corporate & Property  |  APRIL 16, 2014 6:58 PM

    Sunway Bhd named Malaysia’s Builder of the Year

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    Sunway Bhd has been acknowledged Malaysia’s Builder of the Year by global consulting firm, Frost & Sullivan, under the ‘Best of the Best’ category. The award recognised companies in a variety of regional and global markets for demonstrating outstanding achievement and superior …

  • World Biz  |  APRIL 16, 2014 6:45 PM

    China gets first bitcoin ATM, skirting bank crackdown

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    BTC China, one of the country’s leading digital currency exchanges, has installed China’s first bitcoin ATM and launched an online app allowing individuals to buy and sell bitcoins using mobile phones, skirting local banking regulations seen as increasingly hostile to so-called crypto-currencies. Rising interest …

  • Corporate & Featured and Exclusive  |  APRIL 16, 2014 6:32 PM

    Costly Kidex highway may cost Khalid’s popularity

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    At RM148 mil per km, Kidex tops the list of extravagant highway projects in Malaysia

  • Markets  |  APRIL 16, 2014 6:25 PM

    Ringgit closes higher against US dollar

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    The ringgit closed higher against the US dollar today on positive external sentiments, said a dealer. At 5pm, the local unit was quoted at 3.2410/2430 against the greenback compared with Tuesday’s 3.2425/2455. The dealer said the release of China’s first-quarter economic growth …

  • World Biz  |  APRIL 16, 2014 6:13 PM

    Samsung sticks it to Apple with Swiss Railways deal

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    Samsung Electronics sent out a press release last week saying its gadgets had been chosen for a technology buildout at Swiss Federal Railways. Starting this month, the South Korean giant will begin to supply 30,000 mobile devices to Switzerland’s state-owned …

  • Corporate  |  APRIL 16, 2014 6:08 PM

    Companies generate RM94.3 mil sales at HK light show

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    Malaysian lighting companies generated RM94.3 million in sales at the Hong Kong International Lighting Fair 2014, Spring Edition (HKILF) from April 6-9, 2014. The companies, which participated in the exhibition under the Malaysia External Trade Development Corp (Matrade) umbrella, received strong interest from buyers …

  • Corporate  |  APRIL 16, 2014 6:02 PM

    Kian Joo to hold EGM on May 23 to decide on takeover offers

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    Kian Joo Can Factory Bhd will hold an extraordinary general meeting (EGM) on May 23, 2014 for shareholders to decide on the proposals to acquire the company, said its Group chief financial officer, Ooi Teik Huat. “The company will consider any credible offer …

  • Markets & World Biz  |  APRIL 16, 2014 5:45 PM

    Most emerging stocks drop as Micex falls

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    Most emerging-market stocks retreated as declines in Russian and Indian equities offset a rally in Internet companies.

  • Corporate  |  APRIL 16, 2014 5:39 PM

    MIDA to continue promoting high tech FDI

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    The Malaysia Investment Development Authority (MIDA) will continue to promote high technology foreign direct investment (FDI) projects or ventures which offer strong potential for the national economy. Foreign investment coordination division director Arham Abdul Rahman said with the current steady growth of the aerospace …

  • Markets  |  APRIL 16, 2014 5:32 PM

    KL shares close on weaker note

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    Share prices on Bursa Malaysia closed lower today, weighed by losses in selected heavyweights amid the lack of strong leads, dealers said. The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) ended 8.51 points lower at 1,845.37 after trading between 1,845.37 and 1,854.62 throughout …

  • Commodities  |  APRIL 16, 2014 5:25 PM

    Rubber prices end mixed to lower

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    Malaysian rubber prices closed mixed to lower today on weaker economic data from China. A trader said the positive sentiment brought by rallies on Tokyo Commodity Exchange and Shanghai Futures Exchange earlier was countered by a report that China’s gross domestic product growth …

  • World Biz  |  APRIL 16, 2014 5:17 PM

    Credit Suisse profit falls as investment banking weakens

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    Credit Suisse, Switzerland’s second-largest bank, said Wednesday that its net profit dropped by a third to 859 million Swiss francs (RM3.1 billion) in the first quarter as its investment banking branch posted lower earnings. Analysts had expected a profit of some 1 billion …

  • World Biz  |  APRIL 16, 2014 5:05 PM

    Tesco to step up price cuts as CEO defies pressure to quit

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    Tesco, Britain’s biggest retailer, said it would slash millions of pounds off prices to win back customers as a second year of falling profit stepped up pressure on chief executive Philip Clarke to quit. Clarke insisted he would see through his “bold” plan …