• World Biz  |  MARCH 6, 2015 6:45 PM

    Insurers step up by having safety policies for drone pilots

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    Thousands of drones flown without government approval by real estate companies, movie studios and other businesses are getting coverage by insurers writing their own safety rules to fill a void left by regulators.

  • Corporate & Featured and Exclusive  |  MARCH 6, 2015 6:37 PM

    3-year contract extension approved for Tenaga CEO

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    Blue chip utility player Tenaga Nasional Berhad saw its president and chief executive officer Azman Mohd receiving a three-year contract extension which will keep him at the company until 2018. In a statement, Tenaga said Azman’s tenure extension was approved …

  • World Biz  |  MARCH 6, 2015 6:27 PM

    Xiaomi plans to back 100 startups

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    Xiaomi Corp, the world’s most valuable startup, is planning investments of its own in 100 emerging technology companies.

  • Corporate  |  MARCH 6, 2015 6:24 PM

    Palm oil refinery JV for GenP and Musim Mas

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    Genting Plantations Bhd (GenP) and Musim Mas Group (Musim Mas) have entered a collaboration to establish a palm oil refinery at the Palm Oil Industrial Cluster at Lahad Datu, Sabah, with the entire investment to cost roughly RM300 million. Musim …

  • Corporate  |  MARCH 6, 2015 5:53 PM

    MyCC fines 25 ice manufacturers for price fixing

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    The Malaysia Competition Commission (MyCC) today said all the 25 ice manufacturers have paid up financial penalty imposed ranging from RM1,200 to RM106,000.

  • Markets  |  MARCH 6, 2015 5:53 PM

    KL shares close slightly higher

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    Share prices on Bursa Malaysia closed slightly higher today, supported by bargain hunting in selected finance stocks after the midday break, dealers said.

  • Economy  |  MARCH 6, 2015 5:44 PM

    China to increase public spending to avoid ‘nose-dive’

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    China plans to increase its public spending in order to avoid a hard landing of its economy, China's Finance Minister Lou Jiwei said Friday.

  • Markets  |  MARCH 6, 2015 5:40 PM

    Ringgit eases against US$

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    The ringgit eased against the US dollar in late trading on persistent strength of the greenback which hovered around an 11-year high against major currencies, a trader said.

  • Commodities  |  MARCH 6, 2015 5:37 PM

    Rubber market ends mostly higher

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    The Malaysian rubber market ended mostly higher today on continued gains, tracking the uptrend in regional futures markets, a dealer said.

  • Featured and Exclusive & Markets  |  MARCH 6, 2015 5:34 PM

    Ringgit leads Asia in weekly drop on China slowdown

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    Asian currencies fell this week, led by the Malaysian ringgit’s slide to a six-year low, as a weakening growth outlook for China dimmed prospects for regional trade.

  • Corporate & Property  |  MARCH 6, 2015 5:31 PM

    New housing procedures to be implemented, says DBKL

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    New procedures on plans consideration, additional guidelines and house renovation will be implemented starting next Friday (March 13), said Kuala Lumpur mayor Ahmad Phesal Talib.

  • World Biz  |  MARCH 6, 2015 5:09 PM

    Mercedes aims to increase dominance in F1 2015

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    The 2015 Formula One season begins in Australia on March 15 with most teams wondering how they can catch up with the Mercedes outfit which led the previous campaign almost from start to finish.

  • World Biz  |  MARCH 6, 2015 5:05 PM

    Banks changing Apple Pay procedures, say consultants

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    Some banks have begun to make changes in how they activate customers’ credit-card accounts to use Apple Inc’s new mobile-payment system after reports of fraudulent transactions, according to industry consultants.

  • Corporate  |  MARCH 6, 2015 4:35 PM

    Gintech hopes to start operations in S’wak in June

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    Taiwanese firm Gintech Energy Corp hopes to have its plant in Samajaya Free Industrial Zone in Sarawak operational by June this year, said its executive director Pan Wen Whe.

  • World Biz  |  MARCH 6, 2015 4:34 PM

    New development bank open to all, says China

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    Countries outside Asia will be able to take part in a new development bank based in China, the Chinese finance minister said Friday.

  • Corporate & Singapore  |  MARCH 6, 2015 4:29 PM

    RHB IB takes over and rebrands S’pore firm

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    In a move that will reinforce RHB Banking Group’s presence in Singapore, RHB Investment Bank Bhd (RHB IB) has acquired the remaining interest in DMG & Partners Securities Pte Ltd (DMG).

  • World Biz  |  MARCH 6, 2015 4:20 PM

    China said to slash bank execs’ pays

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    China cut pay for top executives at its biggest banks and some other state-owned companies as part of efforts to combat inequality, said people with knowledge of the matter.

  • Commodities & World Biz  |  MARCH 6, 2015 4:11 PM

    First Gen seeks partner for RM3.7 bil LNG project

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    The Philippines' First Gen Corp is talking with potential partners for its proposed US$1 billion (RM3.7 billion) LNG import terminal, the head of the energy firm said on Friday.

  • Corporate & Featured and Exclusive  |  MARCH 6, 2015 4:03 PM

    1MDB said to resubmit power IPO application by May

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    1Malaysia Development Bhd (1MDB), set up by the government five years ago to build infrastructure, is preparing to submit an initial public offering (IPO) application for its Edra Energy Bhd unit by May, people familiar with the matter said.

  • Corporate & Featured and Exclusive  |  MARCH 6, 2015 3:51 PM

    MAS installs aircraft tracking system

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    National carrier Malaysia Airlines (MAS) has introduced a 15-minute aircast data downloading system to keep track on its aircraft almost on real-time basis.