• World Biz  |  MARCH 2, 2015 10:45 PM

    PepsiCo to close Russian juice plant on economic slump

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    PepsiCo Inc said on Monday it would close a juice plant outside Moscow as demand in Russia falls due to an economic slump and the Ukraine crisis.

  • World Biz  |  MARCH 2, 2015 10:39 PM

    HP agrees to acquire Aruba for RM9.7 bil cash

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    Hewlett-Packard Co agreed to acquire Aruba Networks Inc, a maker of wireless-network infrastructure used by hotels, universities and shopping malls, for US$2.7 billion (RM9.7 billion) in cash to bolster its networking business.

  • World Biz  |  MARCH 2, 2015 10:29 PM

    BAT to change auditors after 17 years with PwC

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    British American Tobacco (BAT), the world's second-largest cigarette maker, said on Monday it had launched a competitive tender process to appoint new external auditors, after using PricewaterhouseCoopers (PwC) since 1998.

  • Commodities, Corporate, Economy, Featured and Exclusive  |  MARCH 2, 2015 10:24 PM

    S&P: Oil slump puts pressure on banking system

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    The significant drop in oil prices could lead to higher credit losses and lower liquidity for some banking systems in oil-producing countries, Standard & Poor's Ratings Services (S&P) said.

  • Featured and Exclusive & World Biz  |  MARCH 2, 2015 8:55 PM

    HSBC crisis signals new perception of bank bosses

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    The scandal engulfing HSBC Holdings Plc is another sign of how bank executives failed to realise the global financial crisis transformed them from winners to losers in the public’s eye.

  • Corporate & Featured and Exclusive  |  MARCH 2, 2015 8:29 PM

    Special grant to woo women to return to workforce

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    The Women, Family and Community Development Ministry today launched the Career Re-entry Grant to encourage women who stopped working to return to the workforce.

  • Corporate  |  MARCH 2, 2015 8:16 PM

    Biotech Corp to bolster bioeconomy

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    Malaysian Biotechnology Corporation Sdn Bhd has exchanged a collaboration proposal with Ghent Bio-Economy Valley (GBEV) from Belgium to bolster the bioeconomy business and research communities in both countries.

  • World Biz  |  MARCH 2, 2015 8:12 PM

    Push into wearable devices may hurt smartphone sales

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    Sony Corp may end up selling fewer smartphones as a result of its push into wearable devices and services, and a new focus on markets outside China and the US.

  • World Biz  |  MARCH 2, 2015 7:45 PM

    Thai Star Petroleum Refining Co set for IPO

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    Thai oil refiner Star Petroleum Refining Co (SPRC) is expected to sell at least a 30% stake in an initial public offering (IPO) in the second quarter of 2015, a senior official at the Thai Energy Ministry said.

  • Singapore  |  MARCH 2, 2015 7:38 PM

    Goldman said to cut S’pore investment bank jobs by 30%

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    Ruben Bhagobati, Goldman Sachs’s head of Southeast Asia mergers and acquisitions, and Singapore-based managing director Antoine Izard are among those departing the firm, according to the people.

  • Corporate  |  MARCH 2, 2015 7:28 PM

    Taliworks receives letter to revise water tariff rates

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    Taliworks Corp Bhd's wholly owned unit, Taliworks (Langkawi) Sdn Bhd, has received a letter from Syarikat Air Darul Aman Sdn Bhd (Sada) to revise the water tariff rate from 2014 to 2020.

  • World Biz  |  MARCH 2, 2015 7:22 PM

    QPR owners write off RM334 mil loans

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    Queens Park Rangers, the Premier League football club controlled by AirAsia Bhd chief executive officer Tony Fernandes, said shareholders wrote off 60 million pounds (RM333.96 million) they loaned to the team.

  • Corporate  |  MARCH 2, 2015 7:12 PM

    ‘Stern action against non-GST registered firms’

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    Stern action would be taken against companies that do not register for the goods and services tax (GST) to be implemented next month, said Deputy Finance Minister Ahmad Maslan.

  • Singapore  |  MARCH 2, 2015 7:06 PM

    BofA Merrill Lynch’s APAC global market head leaves firm

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    Loh's name was mentioned as one of the potential successors for outgoing Singapore Exchange CEO Magnus Bocker by Singapore's Straits Times newspaper last week.

  • Corporate & Featured and Exclusive  |  MARCH 2, 2015 6:59 PM

    Sime Darby eyes more Europe expansion through NBPOL

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    Plantation-based conglomerate Sime Darby has officially concluded its takeover of dual-listed planter New Britain Palm Oil Ltd (NBPOL) today and is now eyeing further expansion for its downstream operations in Europe.

  • World Biz  |  MARCH 2, 2015 6:59 PM

    S Africa imposes anti-dumping duties on chicken imports

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    South Africa imposed anti-dumping duties on imports of some chicken products from Germany, the Netherlands and the UK.

  • Corporate & OTHERS  |  MARCH 2, 2015 6:55 PM

    Eversendai bags RM269 mil project in Qatar

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    Eversendai Corp Bhd, a specialist engineering and construction services provider, has secured a project worth RM269.2 million to construct the Al Wahda Arches and Visitors' Centre in Doha, Qatar.

  • Featured and Exclusive & World Biz  |  MARCH 2, 2015 6:47 PM

    Rivals race to upgrade as Apple smartwatch debut nears

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    As Apple Inc prepares to release its much- heralded smartwatch, rival gadget makers are racing to upgrade their own devices to ward off market-share losses.

  • World Biz  |  MARCH 2, 2015 6:43 PM

    Marks & Spencer to close 5 Shanghai stores

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    British retailer Marks & Spencer (M&S) plans to close five stores in China's greater Shanghai region by August 2015, it said on Monday, though it stuck by its commitment to expand into other large Chinese cities.

  • Corporate  |  MARCH 2, 2015 6:38 PM

    Customs dept compounds non-GST registered companies

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    The customs department has issued compounds of RM15,000 to 100 companies for failing to register for the Goods and Services Tax (GST) by the Feb 28 deadline.