• World Biz  |  DECEMBER 19, 2014 11:33 PM

    Instagram worth RM121 bil, says Citi

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    Instagram, the photo-sharing app owned by Facebook Inc (FB), is probably worth US$35 billion (RM121.3 billion), almost double its previous valuation, according to an analyst.

  • Economy  |  DECEMBER 19, 2014 11:22 PM

    Indonesia to introduce float pricing on fuel

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    Indonesia will change its domestic subsidised fuel pricing system to floating prices with the government still subsidising prices at a fixed amount per litre, effective Jan 1, 2015, the chief economics minister told Reuters on Friday.

  • Corporate & Featured and Exclusive  |  DECEMBER 19, 2014 11:04 PM

    Survey shows employers give priority to locals

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    A survey conducted by the Malaysian Employers' Federation (MEF) showed that a vast majority of respondents give priority to local workers before applying to recruit foreign workers.

  • Enterprise & Featured and Exclusive  |  DECEMBER 19, 2014 10:42 PM

    4-car monorail begins operation tomorrow

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    Two of the new four-car Malaysian-made monorail trains will go into service tomorrow, marking a new era in the history of the Rapid KL rail service.

  • Corporate & Featured and Exclusive  |  DECEMBER 19, 2014 10:31 PM

    Healthcare cost to rise 1%-2% on GST, says Customs

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    He said the report that stated that the cost of healthcare service would rise by 5% with the implementation of the GST is untrue.

  • Commodities & Featured and Exclusive  |  DECEMBER 19, 2014 10:19 PM

    CPO export tax exempted till Feb 28, says Uggah

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    The government is exempting the 4.5% export tax on crude palm oil (CPO) from Sept 1, 2014 until Feb 28, 2015 to boost CPO exports and reduce inventories, says Plantation Industries and Commodities Minister Douglas Uggah Embas.

  • Corporate  |  DECEMBER 19, 2014 10:12 PM

    Petronas selects LyondellBasell for Rapid plant

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    Petronas Refinery and Petrochemical Corporation Sdn Bhd (PRPC) has selected US-based LyondellBasell’s Spherizone and Spheripol polypropylene process technologies for a 900-kilotonne per annum polypropylene (PP) plant.

  • Economy & Featured and Exclusive  |  DECEMBER 19, 2014 8:09 PM

    ‘No cut on 2015 development expenditure’

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    The 2015 development expenditure will not be reduced although falling world's oil prices might affect the country's revenue, treasury secretary-general Mohd Irwan Siregar Abdullah said.

  • Commodities & World Biz  |  DECEMBER 19, 2014 7:58 PM

    Oil plunge exposes weakness in hedging strategy

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    At least six companies, including Pioneer Natural Resources Co and Noble Energy Inc, used a strategy known as a three-way collar that doesn’t guarantee a minimum price if crude falls below a certain level, according to company filings.

  • Economy  |  DECEMBER 19, 2014 7:27 PM

    US spends RM5.5 tril on War on Terror since 9/11

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    The wars in Iraq and Afghanistan, along with counterterrorism operations have cost the US a combined US$1.6 trillion (RM5.5 trillion) since the Sept 11 terrorist attacks, according to a new Congressional Research Service analysis.

  • Corporate  |  DECEMBER 19, 2014 7:11 PM

    Guan Eng welcomes decision on no GST for tolled bridges

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    Penang Chief Minister Lim Guan Eng has welcomed a statement by the Royal Customs Department that the Goods and Services Tax (GST) will not be imposed on users of the Penang and Johor bridges.

  • Commodities  |  DECEMBER 19, 2014 7:03 PM

    Oil investors keep betting wrong on market’s floor

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    They have poured the most money in more than four years into exchange-traded products that track oil as prices fell 18% this month.

  • Corporate & World Biz  |  DECEMBER 19, 2014 7:01 PM

    BASF exits deal with Gazprom as Russian crisis continues

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    BASF SE’s plan to exit a low-margin gas- trading business, giving up 12 billion euros (RM51.2 billion) of sales, and take a leap forward in gas production evaporated with the collapse of a deal to swap assets with Russian partner OAO Gazprom.

  • Featured and Exclusive & Finance  |  DECEMBER 19, 2014 7:00 PM

    ‘Yellen drives Treasury volatility, with more to come’

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    Federal Reserve (Fed) chair Yellen used a meeting this week to prepare the market for higher interest rates in 2015, after the central bank ended bond purchases earlier this year.

  • Commodities & World Biz  |  DECEMBER 19, 2014 6:37 PM

    Rice subsidies costs Thailand RM71 bil, says Thai PM

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    Thailand is expected to incur about 680 billion baht (RM71.5 billion) losses from its now-suspended paddy pledging programme that was implemented during the administration of former Prime Minister Yingluck Shinawatra.

  • World Biz  |  DECEMBER 19, 2014 6:27 PM

    China to build 867 kilometres of railways in Thailand

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    The first line will be a 734-kilometre standard-gauge dual track railway stretching from Nong Khai on Thailand's border with Laos, to its industrialised eastern seaboard.

  • Featured and Exclusive, Markets, World Biz  |  DECEMBER 19, 2014 6:26 PM

    Russian parliament rushes bill to boost banking capital

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    Russia's lower house of parliament passed a draft law that would give the banking sector a capital boost of up to 1 trillion roubles (RM53.1 billion) on Friday, part of measures to shield banks from Western economic sanctions.

  • World Biz  |  DECEMBER 19, 2014 6:17 PM

    Nissan plans to raise prices in Russia

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    Nissan Motor Co, which along with partners Renault SA and OAO AvtoVAZ has the biggest market share in Russia, has stopped taking orders for some models in the country and will keep raising prices if the rouble continues to slide.

  • Commodities  |  DECEMBER 19, 2014 6:09 PM

    Rubber market closes mixed

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    The Malaysian rubber market closed mixed today on the weakening of the ringgit against the US dollar and further falls in crude oil prices, a dealer said.

  • Corporate  |  DECEMBER 19, 2014 6:09 PM

    Celcom expects strong data segment growth to continue

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    Mobile operator Celcom Axiata Bhd expects its data segment to grow on the back of robust data growth in the third quarter and higher smartphone adoption amongst customers.