• Corporate  |  JANUARY 28, 2015 4:58 PM

    Takaful operators urged to work together

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    There will always be a need for takaful and despite the state of the Malaysian economy. But, takaful operators must work together to aggressively promote the product to the public, said Hong Leong MSIG Takaful Bhd.

  • Corporate, Featured and Exclusive, World Biz  |  JANUARY 28, 2015 4:57 PM

    Price cuts aids Ikea to gain market share globally

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    Ikea Group gained share in almost all markets as the world’s largest furniture retailer cut prices and expanded in China and Russia while Europe improved after years of lackluster performance.

  • Corporate & Featured and Exclusive  |  JANUARY 28, 2015 4:46 PM

    SP Setia leadership vacuum concerns overplayed: Maybank

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    In a report today, the research house said that a recent staff exodus from the developer has stabilised since end-2014 even as the developer transitions from an entrepreneurially driven model to a professionally run business strategy.

  • Corporate & Economy  |  JANUARY 28, 2015 4:39 PM

    Weak ringgit to boost exports, tourism

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    The ringgit's depreciation will help boost export competitiveness and tourist arrivals in the country, said the Malaysian Institute of Economic Research (MIER).

  • World Biz  |  JANUARY 28, 2015 4:31 PM

    Electrolux Q4 profit tops estimates

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    Electrolux AB, Europe’s biggest appliances maker, reported higher fourth-quarter earnings than analysts estimated and forecast market growth of as much as 2% in the region this year.

  • Featured and Exclusive & World Biz  |  JANUARY 28, 2015 4:15 PM

    Shell signs RM40 bil deal to build plant in Iraq

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    Royal Dutch Shell signed deal with Iraq worth US$11 billion (RM39.6 billion) to build a petrochemicals plant in the southern oil hub of Basra, Industry Minister Nasser al-Essawi said on Wednesday.

  • Property & World Biz  |  JANUARY 28, 2015 4:11 PM

    Goldman sees opportunity in Kaisa’s property debt

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    The risk of the first default by a Chinese property developer on a US dollar-denominated bond isn’t unnerving Goldman Sachs Group Inc’s money managers, as they look for buying opportunities amid the fallout.

  • Corporate & Featured and Exclusive  |  JANUARY 28, 2015 4:07 PM

    Petronas to step up diesel exports this year

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    Malaysia's Petroliam Nasional Bhd (Petronas) has stepped up its diesel exports in January and will continue to do so through the rest of this year after it took full control of a joint-venture refinery in Melaka, traders said on Wednesday.

  • World Biz  |  JANUARY 28, 2015 4:01 PM

    Nintendo halves operating profit target on slow 3DS sales

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    Struggling Japanese video game maker Nintendo Co warned that it won't make its annual operating profit target due to slack sales of its 3DS handheld game consoles, though the yen's current weakness means overseas sales will boost net profit.

  • Corporate & Events  |  JANUARY 28, 2015 3:55 PM

    UBM, Interexpo tie-up to organise Beauty Expo 2015

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    UBM Malaysia has entered into a strategic partnership with Interexpo (M) Sdn Bhd to organise the latter's annual Beauty Expo in Malaysia starting from the 2015 event.

  • Corporate  |  JANUARY 28, 2015 3:55 PM

    MIER urges govt to fully prepare during difficult times

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    The Malaysian Institute of Economic Research (MIER) has urged the government to arm itself with all available measures to deal with the looming difficult times.

  • World Biz  |  JANUARY 28, 2015 3:54 PM

    Siam Cement raises bond to finance Asean expansion

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    Thai Siam Cement raises ceiling of bond issue to finance Asean expansion Thailand's Siam Cement PCL said on Wednesday it will raise ceiling of its bond issue by 50 billion baht (RM5.52 billion) to 250 billion baht and the proceeds would be mainly used to finance its expansion in Southeast Asia.

  • Markets  |  JANUARY 28, 2015 3:45 PM

    KL shares lower at mid-afternoon

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    Share prices on Bursa Malaysia were lower at mid-afternoon today on profit-taking in key heavyweights, especially finance and consumer stocks, dealers said.

  • World Biz  |  JANUARY 28, 2015 3:38 PM

    Alibaba unit sets up consumer credit-scoring system

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    The financial services affiliate of Alibaba launched on Wednesday a system that will use the e-commerce giant's data trove to assess the creditworthiness of Chinese consumers and businesses with little or no history at traditional lenders.

  • World Biz  |  JANUARY 28, 2015 3:32 PM

    Thailand holds interest rates, bucking global trend

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    Thailand kept its key interest rate unchanged for a seventh straight meeting, refraining from joining global central banks in easing monetary policy to spur economic growth amid dwindling inflation.

  • Corporate & Economy  |  JANUARY 28, 2015 3:22 PM

    Penang aims to secure RM5 bil FDI from electronics firms

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    Penang aims to secure more than RM5 billion in foreign direct investments from four major electronics companies planning to set up their plants here.

  • World Biz  |  JANUARY 28, 2015 3:20 PM

    Weak yen lifts Canon Q4 profit despite poor camera sales

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    Japan's Canon Inc reported a slight rise in fourth-quarter profit thanks to a weaker yen and solid office equipment sales, even as its camera business struggled to attract photographers increasingly using compact models made by rivals.

  • World Biz  |  JANUARY 28, 2015 3:10 PM

    VMware adjusted profit beats estimates for 8th quarter

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    Virtualisation software maker VMware Inc's adjusted profit beat the average analyst estimate for the eighth straight quarter due to strong demand for its products that help cut the cost of moving data to the cloud.

  • Corporate & Featured and Exclusive  |  JANUARY 28, 2015 3:10 PM

    Banks have high-risk exposure to commodity finance

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    Zeroing in on Malaysian banks Maybank and CIMB, Macquarie said it believes that commodity-finance exposure of Maybank accounts for 6% of total loans, whereas for CIMB it accounts for 11% of total loans. It said that based on its stress test, RM1.8 billion of commodity-related losses are possible for Maybank and for CIMB RM2.7 billion of commodity-related losses.

  • Economy & World Biz  |  JANUARY 28, 2015 3:06 PM

    Indonesia records FDI increase of 13.5% in 2014

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    Indonesia said it attracted 78.7 trillion rupiah (RM22.7 billion) of direct foreign investment commitments in October-December, during which Joko Widodo became president, which is 0.5% more than it drew in the previous quarter.