• Corporate  |  APRIL 25, 2014 3:56 PM

    DiGi shares rise 2.0 sen after stronger Q1 results

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    DiGi.Com Bhd’s shares rose 2.0 sen or 0.37% after posting stronger first quarter ended March 31, 2014 results. The stock stood at RM5.36 as at 3.35 pm with 4.62 million shares transacted. For the first quarter, the company’s pre-tax profit increased …

  • Corporate & World Biz  |  APRIL 25, 2014 3:54 PM

    M’sia firmly rejects TPPA proposal involving drugs

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    Malaysia will firmly reject the proposal on intellectual property rights in the Trans-Pacific Partnership Agreement (TPPA) involving drugs. International trade and industry minister Mustapa Mohamed said the government was aware the matter was worrying to Malaysian as it would involved price hikes of drugs …

  • Markets  |  APRIL 25, 2014 3:36 PM

    Share prices lower mid-afternoon

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    Share prices on Bursa Malaysia remained lower mid-afternoon, dragged by losses in heavyweights prompted by weak buying. At 3:03pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 3.93 points lower at 1,861.35 points. Market breadth was negative as losers outpaced gainers 420 to …

  • Corporate, Featured and Exclusive, Property  |  APRIL 25, 2014 3:25 PM

    Shareholders inject assets with RM30 bil GDV into Eco World

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    Assets injection more than triples Eco World’s landbank and gross development value, completing a rapid rise that began with a reverse take-over last September.

  • World Biz  |  APRIL 25, 2014 3:20 PM

    Nokia to exclude India phone plant from Microsoft deal

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    Nokia Oyj will exclude its India phone factory from a 5.44 billion-euro (RM24.2 billion) agreement to sell its mobile phone business to Microsoft Corp amid a legal battle over a tax dispute in the country. “We are leaving out the …

  • World Biz  |  APRIL 25, 2014 3:08 PM

    Volvo quarterly profit jumps on production cutbacks

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    Volvo AB, the world’s second-largest truckmaker, said first-quarter operating profit surged almost fivefold as the manufacturer scaled back production to meet a cost-savings target for 2015. Earnings before interest and taxes rose to 2.27 billion kronor (RM1.11 billion) from 482 …

  • World Biz  |  APRIL 25, 2014 2:57 PM

    Alibaba’s founders set up charitable trust

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    The founders of Chinese internet company Alibaba Group Holding Ltd have set up a charitable trust focusing on the environment and health that could be worth as much as US$3 billion (RM9.6 billion), making it one of the biggest in Asia. Jack Ma, Alibaba’s …

  • World Biz  |  APRIL 25, 2014 2:44 PM

    Mazda forecasts second year of record profit in 2014/15

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    Mazda Motor Corp forecast an 18% rise in net profit for the year to next March, aiming for a second year in a row of record earnings as a weaker yen bolsters the export-oriented automaker’s business. The company forecast a 2014/15 net profit …

  • Corporate  |  APRIL 25, 2014 2:41 PM

    EcoWorld proposes exercise to increase market presence

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    Property developer, Eco World Development Group Bhd (EcoWorld), is proposing a corporate exercise that will help increase its landbank and

  • World Biz  |  APRIL 25, 2014 2:38 PM

    Honda forecasts 3.6% net profit rise this FY

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    Honda Motor Co on Friday forecast a 3.6% rise in net profit for the year to next March, below analyst estimates, saying it expects strong sales of the remodelled Fit compact car globally including in the United States. Honda said it expects to post …

  • Markets  |  APRIL 25, 2014 2:28 PM

    Emerging stocks head for steepest decline in 6 weeks

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    Emerging-market stocks fell, with the benchmark gauge heading for its biggest weekly drop in six weeks as technology and consumer companies declined and tension escalated in Ukraine. Taiwan Semiconductor Manufacturing Co and Hon Hai Precision Industry Co led Taiwan’s Taiex …

  • Corporate  |  APRIL 25, 2014 2:16 PM

    DiGi chalks up higher pre-tax profit in Q1

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    DiGi.Com Bhd’s pre-tax profit increased to RM654.537 million for the first quarter ended March 31, 2014 from RM424.018 million registered in the same quarter last year. Revenue rose to RM1.717 billion, during the period under review, from RM1.647 billion registered in the corresponding …

  • Corporate  |  APRIL 25, 2014 2:13 PM

    Analysts cautious on Genting Malaysia’s NY move

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    Analysts are cautious on Genting Malaysia’s move to participate in the selection process for a gaming facility in New York as the company has not even decided whether or not to issue a formal bid. Genting Malaysia Bhd has, through …

  • Commodities & World Biz  |  APRIL 25, 2014 1:32 PM

    Turkey, Russia cut gold holdings in March – IMF

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    Turkey and Russia both cut their gold holdings in March 2014 after increases the month before, data from the International Monetary Fund showed on Thursday. Bullion holdings by central banks are closely watched since the group became net buyers in 2010 after …

  • Corporate & Economy  |  APRIL 25, 2014 1:22 PM

    ECER draws RM24.45 bil in investment in Q1 2014

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    The East Coast Economic Region Development Council (ECERDC) succeeded in attracting RM24.45 billion in investments to the  East Coast Economic Region in the first quarter of 2014, said prime minister Najib Tun Razak here today. He said ECER had attracted RM63.58 billion …

  • Markets  |  APRIL 25, 2014 1:11 PM

    Share prices continue downtrend, CI down 2.88 pts

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    Share prices on Bursa Malaysia continued their downtrend at midday today with the FTSE Bursa Malaysia KLCI (FBM KLCI) at 1,862.4, down 2.88 points. The benchmark index hovered between 1,861.45 points and 1,868.29 points during the morning session. Kenanga Research said the technical …

  • Corporate & Featured and Exclusive  |  APRIL 25, 2014 1:07 PM

    TNB prospects bright despite 2Q profit slump, say analysts

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    Tenaga Nasional Bhd has been maintained at an ‘outperform’ call by Kenanga Research on the back of the utility company releasing its 1H14 financials which came within both the house and market expectations. Maybank KE and RHB Research have also maintained their ‘buy’ calls.

  • Corporate  |  APRIL 25, 2014 1:00 PM

    BAT 1Q sales hurt by higher prices

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    Sales volume of BAT (British American Tobacco Bhd) shrunk in the first quarter of the 2014 financial year (1Q14) due to higher cigarette prices, according to an analyst report by TA Securities (TAS). “Although BAT’s 1Q14 net profit grew by …

  • Commodities  |  APRIL 25, 2014 12:55 PM

    KLTM unchanged on cautious sentiment

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    The Kuala Lumpur Tin Market (KLTM) closed unchanged at US$23,640 a tonne today on cautious sentiment despite the London Metal Exchange (LME) edging up US$25 to US$23,775 a tonne in overnight trade, a dealer said. He said the market was quiet as traders …

  • World Biz  |  APRIL 25, 2014 12:49 PM

    Apple, Google, Intel, Adobe to reach RM1.04 bil accord

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    Apple Inc, Google Inc, Intel Corp, and Adobe Systems Inc agreed to pay US$324 million (RM1.04 billion) to settle an employee lawsuit over claims they conspired to suppress salaries by not recruiting one another’s workers, a person familiar with the …