• Economy & World Biz  |  NOVEMBER 25, 2014 10:04 PM

    RBI under pressure to cut rates as India’s growth slips

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    India's economic growth probably slowed to around 5% in the three months to September, slipping from 5.7% in the previous quarter, two senior finance ministry sources said, putting pressure on the central bank to cut interest rates.

  • Corporate  |  NOVEMBER 25, 2014 9:38 PM

    GLCs post RM162 bil profit from 2004 to 2013, says Chua

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    The 20 Government-Linked Companies (GLCs) posted a net profit of RM162.3 billion from 2004 to 2013, said Deputy Finance Minister Chua Tee Yong.

  • Corporate & Economy  |  NOVEMBER 25, 2014 9:30 PM

    ‘Deficit should dip below 3% with fuel subsidy removal’

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    With fuel subsidy removal locking in the impact of lower oil prices, Malaysia's deficit could decline below 3% of gross domestic product (GDP) in 2015, said the International Monetary Fund.

  • Finance  |  NOVEMBER 25, 2014 8:25 PM

    IILM expands outstanding sukuk issuance

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    The Malaysia-based International Islamic Liquidity Management Corp (IILM) has expanded the amount of its outstanding sukuk under a programme designed to give Syahriah-compliant banks a cross-border tool for liquidity management.

  • Corporate  |  NOVEMBER 25, 2014 7:43 PM

    Eksons 2Q14 profit surges to RM117 mil from RM8 mil

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    Eksons Corp Bhd's pre-tax profit for the second quarter ended Sept 30, 2014 (2Q14) increased to RM117.07 million from 7.95 million in the same period last year.

  • Corporate  |  NOVEMBER 25, 2014 7:26 PM

    IHH Healthcare 3Q14 profit surges to RM205 mil

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    IHH Healthcare Bhd's pre-tax profit increased to RM205.81 million for the third quarter ended Sept 30, 2014 (3Q14) from RM169.64 million in the same period last year.

  • Corporate  |  NOVEMBER 25, 2014 7:20 PM

    IGB Corp 3Q14 pre-tax profit falls 23% to RM90 mil

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    IGB Corporation Bhd registered a lower pre-tax profit of RM90.92 million for its third quarter ended Sept 30, 2014 (3Q14), from RM117.44 million in the corresponding quarter last year.

  • World Biz  |  NOVEMBER 25, 2014 6:59 PM

    China’s Tencent partners with HBO for TV show streaming

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    Chinese Internet firm Tencent Holdings Ltd is partnering with Time Warner Inc's HBO network to stream its TV shows, which are known for their provocative content and may draw scrutiny from the country's authorities.

  • Markets  |  NOVEMBER 25, 2014 6:19 PM

    KL shares close slightly firmer on blue-chip support

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    The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) ended on slightly firmer note today, supported by buying interest in blue-chips, mostly oil- and gas-related.

  • Corporate & Featured and Exclusive  |  NOVEMBER 25, 2014 6:16 PM

    Salamander board snubs Sona for Ophir

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    Despite Salamander board’s intention to recommend shareholders vote against Sona’s offer in favour of Ophir’s, Sona is not giving up.

  • Commodities  |  NOVEMBER 25, 2014 6:11 PM

    Rubber market closes mixed

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    The Malaysian rubber market closed mixed today on cautious sentiment despite the commodity's bullish performance on the Tokyo Commodity Exchange (TOCOM).

  • Markets  |  NOVEMBER 25, 2014 6:08 PM

    Ringgit closes lower against US dollar

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    The ringgit erased its gains to close lower today against the US dollar on lack of buying support for the local unit, dealers said.

  • Corporate & Featured and Exclusive  |  NOVEMBER 25, 2014 5:58 PM

    TM issues disruption warning due to submarine cable fault

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    Broadband services provider Telekom Malaysia Bhd (TM) has issued a service disruption warning statement due to a fault it has detected in the South East Asia- Middle East-Western Europe (SMW4) submarine cable.

  • World Biz  |  NOVEMBER 25, 2014 5:58 PM

    India’s Defence may free airwaves for phone carriers

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    India’s Ministry of Defence has agreed to free some of its airwaves for use by local phone carriers in a boost for Vodafone Group Plc and Bharti Airtel Ltd that face spectrum auctions next year, according to an official with direct knowledge of the matter.

  • Corporate  |  NOVEMBER 25, 2014 5:46 PM

    ASNB announces 6.2 sen income distribution for ASN 3

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    Amanah Saham Nasional Bhd, a wholly-owned subsidiary of Permodalan Nasional Bhd (PNB), today announced an income distribution of 6.20 sen per unit for Amanah Saham Nasional 3 Imbang (ASN 3) for the year ending Nov 30, 2014.

  • Corporate  |  NOVEMBER 25, 2014 5:23 PM

    BNM raids two companies for money laundering

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    Bank Negara Malaysia (BNM) raided two Kuala Lumpur-based companies, Jasa Kembar Sdn Bhd and Lancar Borneo Sdn Bhd, on suspicion of conducting an illegal remittance business and money laundering activities.

  • Corporate  |  NOVEMBER 25, 2014 5:09 PM

    TNB to award more contracts to Bumiputera SMEs

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    Utility giant Tenaga Nasional Bhd (TNB) will step up its contract awarding programme to nurture Bumiputera small and medium enterprises.

  • Corporate  |  NOVEMBER 25, 2014 4:54 PM

    TM partners with EMC to deliver high speed broadband

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    Telekom Malaysia today announced that it has collaborated with EMC Corporation, an IT service provider to deploy EMC Smarts for TM’s high speed broadband (HSBB) network infrastructure.

  • Singapore  |  NOVEMBER 25, 2014 4:53 PM

    Changi passenger traffic up 1.9% in Oct

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    Passenger traffic at Singapore Changi Airport grew 1.9% year-on-year (y-o-y) in October 2014, with 4.49 million passengers passing through the airport, according to Changi Airport Group (CAG).

  • Markets  |  NOVEMBER 25, 2014 4:41 PM

    FBM KLCI higher at mid-afternoon

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    The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was higher at mid-afternoon today, lifted by buying in selected blue chips and key heavyweights.