• World Biz  |  AUGUST 20, 2014 2:40 PM

    Nokia map-unit chief quits to pursue other interests

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    Nokia Oyj said Michael Halbherr, head of the Finnish company’s digital-maps unit, is stepping down to pursue entrepreneurial interests. Halbherr is resigning effective Sept 1, the Espoo, Finland-based wireless-technology company said today in a statement. Cliff Fox, a senior vice …

  • Corporate & Economy  |  AUGUST 20, 2014 2:06 PM

    SME Corp to raise GST awareness amongst SMEs

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    SME Corporation Malaysia (SMECorp) is striving to be more aggressive in creating greater awareness of the Goods and Services Tax (GST) among small and medium enterprises (SMEs).

  • Markets  |  AUGUST 20, 2014 1:52 PM

    KL shares extend earlier gains at mid-day

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    Shares on Bursa Malaysia continued with earlier gains to close the morning session firmer and in tandem with regional markets, following upbeat investor sentiment and increased foreign fund inflows, dealers said.

  • Corporate & Featured and Exclusive  |  AUGUST 20, 2014 1:14 PM

    Idris Jala tipped to take over as MAS CEO

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    Idris Jala is reported to be in the running as the next CEO of MAS according to reports.

  • Markets  |  AUGUST 20, 2014 1:06 PM

    India’s rupee falls most in 2 weeks; dollar increased

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    India’s rupee fell the most in two weeks as demand for dollars increased amid speculation signs of a pickup in the US economy will prompt the Federal Reserve to raise interest rates. The Bloomberg Dollar Spot Index, which tracks the …

  • Corporate  |  AUGUST 20, 2014 1:01 PM

    AirAsia X downgraded on disappointing 2Q14 results

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    Analysts have downgraded low cost long haul carrier AirAsia X after its second quarter for 2014 results came in below expectations.

  • Corporate & Markets  |  AUGUST 20, 2014 12:54 PM

    TH Plantations downgraded on lower CPO price

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    BIMB Securities downgraded TH Plantations Bhd to a Neutral recommendation, lowering their target price for the plantations player to RM1.87 from RM2.38, as the group had performed below expectations despite recording higher revenue and profit both quarter-on-quarter and year-on-year

  • Corporate  |  AUGUST 20, 2014 12:43 PM

    TM signs HES tie-up with Accor Hotels

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    Telekom Malaysia Bhd (TM) is seeking more collaboration opportunities with the hotel industry to expand its hospitality entertainment solution (HES).

  • World Biz  |  AUGUST 20, 2014 12:33 PM

    Honda rivals using fleet sales, subprime lending to grow

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    Honda Motor Co, losing share in the growing US auto market, chided competitors for using low- margin fleet sales and over-reliance on subprime lending to boost sales. Excluding rental and business-fleet sales, which Honda eschews, Accord topped Toyota Motor Corp’s …

  • Markets  |  AUGUST 20, 2014 12:18 PM

    KL shares higher at mid-morning

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    The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) remained higher at mid-morning today in tandem with its regional peers with more than two billion shares changing hands, dealers said.

  • World Biz  |  AUGUST 20, 2014 12:17 PM

    AT&T out to beat Google to deliver fastest Internet speeds

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    AT&T Inc is out to beat Google Inc in a race to deliver some of the fastest Internet speeds in the country to residential users in the US technology epicenter — Silicon Valley. AT&T got the green light from Cupertino, …

  • World Biz  |  AUGUST 20, 2014 12:03 PM

    Coca-Cola Amatil flags full-year earnings drop as costs rise

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    Coca-Cola Amatil Ltd flagged a second consecutive drop in full-year earnings amid weak consumer confidence and rising costs in Indonesia. Its shares fell the most in four months. Earnings before interest and tax fell 12% from a year earlier to …

  • Corporate & Economy  |  AUGUST 20, 2014 11:52 AM

    Maybank IB predicts mixed 2H for automotive sector

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    There are mixed views on how the automotive sector would perform in the second half (2H) of 2014. Maybank Investment Bank Research said the sector is expected to pick up speed for the period, driven by major launches, which would spur buying interest.

  • World Biz  |  AUGUST 20, 2014 11:45 AM

    Investor eyes on Glencore cash after BHP disappoints

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    Can Glencore Plc make investors in the beleaguered mining industry happy after BHP Billiton Ltd disappointed them? After a decade of explosive commodities price gains fueled by Chinese demand, mining companies are dealing with slower growth by spurning mergers and …

  • Corporate, Featured and Exclusive, World Biz  |  AUGUST 20, 2014 11:30 AM

    Steve Ballmer leaves Microsoft after more than 30 years

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    Steve Ballmer resigned from Microsoft Corp’s board, eight months after his departure as chief executive officer, ending more than three decades of direct involvement in the world’s largest software maker.

  • Markets  |  AUGUST 20, 2014 11:27 AM

    Topix erases gains after rising 7th day on consumer lenders

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    Japan’s Topix index erased gains after a seven-day advance as consumer lenders and insurers led declines. Aiful Corp lost 2.9%, leading consumer lenders lower, while insurer Anicom Holdings Inc sank 5.2%. Hitachi Metals Ltd added 3.1% after unveiling plans to …

  • Enterprise  |  AUGUST 20, 2014 11:10 AM

    Caffeine craving creates business opportunities

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    Coffee culture among the young and professionals in the country has led to the mushrooming of concept-style coffee outlets and cafes and this creates business opportunities to cater to the increasing demand.

  • OTHERS  |  AUGUST 20, 2014 11:04 AM

    Asia’s best-performing macro hedge fund hits US$1 Bil mark

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    Quantedge Global Fund, Asia’s best- performing macro hedge fund, said it has increased its assets to more than US$1 billion(RM3.15 billion), joining the ranks of the region’s biggest funds. Quantedge, which started with US$3 million in October 2006, has increased …

  • Corporate & Economy  |  AUGUST 20, 2014 10:46 AM

    Gov’t to entice mothers to stay in the workforce

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    Women in Malaysia who have stopped working to raise their families are being enticed to rejoin the labor market as the country tries to boost Southeast Asia’s lowest female workforce participation rate.

  • Markets  |  AUGUST 20, 2014 10:04 AM

    Ringgit opens lower against US dollar

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    The ringgit opened lower today on lack of demand for the local unit.