• Corporate  |  OCTOBER 23, 2014 5:15 PM

    Carimin bidding for RM800 mil worth of contracts

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    Carimin Petroleum Bhd, which is en route to listing on the Main Board of Bursa Malaysia, said today that it is bidding for an estimated RM800 million worth of contracts from oil and gas players operating in Malaysia.

  • World Biz  |  OCTOBER 23, 2014 5:08 PM

    Reebok fined over false shoebox claims in Australia

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    The Federal Court of Australia on Thursday fined Reebok for falsely claiming its EasyTone line of sports shoes helped tone leg muscles faster than others, broadcaster ABC reported.

  • Corporate  |  OCTOBER 23, 2014 4:57 PM

    MasterCard appoints Safdar to drive SEA Islamic payments

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    MasterCard has appointed Safdar Khan, with immediate effect, to lead its growing Islamic payments business in Southeast Asia.

  • Finance  |  OCTOBER 23, 2014 4:42 PM

    Japan government’s T-bill yields fall below zero

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    Debt buyers gave Japan’s government a US$531,000 (RM1.73 million) gift at today’s treasury bill auction in Tokyo.

  • Corporate  |  OCTOBER 23, 2014 4:39 PM

    Public Bank to fully redeem subordinated notes on Nov 6

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    Public Bank Bhd will fully redeem its RM200 million 4.6% subordinated notes together with accrued interest on Nov 6, 2014.

  • TigerTalk  |  OCTOBER 23, 2014 4:33 PM

    Bursa’s suspect call on EPF

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    When the rights of major shareholder the Employees Provident Fund was denied in a major banking merger involving CIMB Group and RHB Capital alarm bells were set off in Tiger’s brain, prompting it to promptly investigate.

  • World Biz  |  OCTOBER 23, 2014 4:25 PM

    Lloyds said to cut 9,000 jobs as customers shift online

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    Lloyds Banking Group Plc, Britain’s largest mortgage provider, will announce about 9,000 job cuts next week, as its customers shift to online services from physical branches, a person with knowledge of the matter said.

  • World Biz  |  OCTOBER 23, 2014 4:06 PM

    Toys ‘R’ Us pulls ‘Breaking Bad’ toys complete with meth

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    Toys "R" Us removed figurines based on television series 'Breaking Bad', after a mother complained about the miniature guns, toy drugs, and wads of cash that came with the characters.

  • Corporate  |  OCTOBER 23, 2014 3:55 PM

    Lynas completes capital-raising exercise

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    Just one-third of new shares offered by troubled rare earths miner Lynas Corporation Ltd in an effort to raise A$71 million (RM203.86 million) have been taken up by its shareholders. The 66.5% of shares not bought by shareholders would instead be taken by …

  • World Biz  |  OCTOBER 23, 2014 3:42 PM

    Tesco’s misstatements longer than initially thought

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    The overstatements will impact second half results as well, the company said.

  • Markets  |  OCTOBER 23, 2014 3:33 PM

    KL shares extend gains at mid-afternoon

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    Share prices on Bursa Malaysia continued to stay higher at mid-afternoon on buying by fund managers, a dealer said.

  • Issues  |  OCTOBER 23, 2014 3:27 PM

    Will Liew rise on the back of Battersea?

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    Former SP Setia general Liew Kee Sin’s proposed special purpose acquisition company (Spac) listing is exciting, though it raises concerns of how his new outfit would hurt the existing Eco World company’s prospects. In this part of the series we look at other concerns on his latest venture — can Liew have his cake and eat it too?

  • World Biz  |  OCTOBER 23, 2014 3:26 PM

    Unilever 3Q sales growth less than estimates

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    Unilever, the maker of Surf and Rin laundry detergents, reported the slowest third quarter revenue growth in five years, amid a slowdown in emerging markets in Asia.

  • Events  |  OCTOBER 23, 2014 3:15 PM

    Homedec expects sales to reach RM150mil

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    The Home Decor and Design Exhibition (Homedec) expects sales to rise to RM150 million this year from RM140 million last year.

  • Corporate  |  OCTOBER 23, 2014 3:09 PM

    M’sia to consider appointing chief data scientist

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    Prime Minister Najib Abdul Razak said the government is considering to appoint a chief data scientist in view of the rapid deployment of MSC Malaysia and digital sector in the country.

  • Corporate  |  OCTOBER 23, 2014 3:08 PM

    Maxis, Celcom to offer iPhone 6, iPhone 6 Plus

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    Celcom Axiata Bhd and Maxis Bhd will offer the iPhone 6 and iPhone 6 Plus, beginning on Thursday, Nov 6, 2014. Celcom customers can now pre-register their interest to purchase iPhone 6 and iPhone 6 Plus at Maxis customers …

  • World Biz  |  OCTOBER 23, 2014 3:07 PM

    Nissan expands global recalls due to faulty airbags

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    Nissan will call back 260,000 vehicles worldwide, including 104,905 units in Japan, Yuriko Masuda, a spokesperson for the Yokohama-based carmaker said today by phone.

  • Corporate, Economy, Featured and Exclusive  |  OCTOBER 23, 2014 2:50 PM

    Fuel subsidy mechanism to benefit less well off

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    The targeted fuel subsidy mechanism to be implemented in June 2015, is likely to benefit those whose household income is below RM4,000 a month, said Deputy Finance Minister Ahmad Maslan. “It’s almost confirmed that those who receive 1Malaysia People’s Assistance …

  • World Biz  |  OCTOBER 23, 2014 2:50 PM

    Nokia 3Q earnings beat estimates

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    Nokia Oyj reported earnings topping analysts’ estimates as rising network spending by phone carriers helped the equipment maker to its first quarter of sales growth since 2011.

  • World Biz  |  OCTOBER 23, 2014 2:32 PM

    ‘Apple Pay an opportunity, not threat’

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    Apple Inc’s latest products are an opportunity for Gemalto NV and have been wrongly perceived as a threat, said chief executive officer Olivier Piou.