• Commodities  |  NOVEMBER 26, 2014 5:36 PM

    Rubber prices close mostly lower

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    The Malaysian rubber market closed mostly lower despite higher rubber prices on the Tokyo Commodity Exchange.

  • Corporate  |  NOVEMBER 26, 2014 5:15 PM

    Icon Offshore 3Q profits dip 14%

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    Local offshore service vessel player Icon Offshore Bhd recorded a lower profit year-on-year for its third quarter, as well as for the 9-month period of the current financial year. The dip in revenue is attributed to lower forerunner charter, as well as the absence of contribution from vessels taking part in the group’s rejuvenation strategy.

  • Corporate  |  NOVEMBER 26, 2014 5:00 PM

    Corporatisation will boost Customs, says Ahmad Maslan

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    The corporatisation of the Malaysian Royal Customs Department next year will boost the department, as what happened to the Inland Revenue Board (IRB).

  • Opinion  |  NOVEMBER 26, 2014 4:45 PM

    Markets, lies and garbage

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    The quality of our discourse is decaying. This was once a standard complaint about the tone and depth of our national political debate. Now it has spilled into the financial realm.

  • Corporate  |  NOVEMBER 26, 2014 4:44 PM

    ‘Abolish Rule of 78s on consumer bank loans’

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    Under the Rule of 78s for pre-computed loans long used by banks in Malaysia, but abolished in the United Kingdom in 2005, a borrower owes the bank the principal amount borrowed as well as the finance charge.

  • Commodities & Featured and Exclusive  |  NOVEMBER 26, 2014 4:40 PM

    WTI trades near 4-year low as talk of output cut fails

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    West Texas Intermediate traded near the lowest price in more than four years as nations supplying a third of the world’s oil failed to pledge output cuts before Opec meets tomorrow. Brent was steady in London.

  • World Biz  |  NOVEMBER 26, 2014 4:31 PM

    Apple raises iPhone prices in Russia as ruble plunges

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    Apple Inc increased Russian prices for iPhones by about 25% starting today because of the sharp devaluation of the ruble against the US dollar this fall.

  • Corporate & Featured and Exclusive  |  NOVEMBER 26, 2014 4:23 PM

    Jho Low-led foundation donates RM84 mil to UN’s Irin

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    The United Nations (UN) will spin off its humanitarian news service Integrated Regional Information Networks (Irin) as an independent Swiss-based foundation, after getting a US$25 million (RM83.7 million) 15-year investment from a Hong Kong-based philanthropist.

  • Corporate & Markets  |  NOVEMBER 26, 2014 4:22 PM

    RHB Research maintains ‘buy’ call on Perdana Petroleum

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    RHB Research has maintained a 'buy' call on Perdana Petroleum, an operator of offshore support vessels in the oil and gas industry, with a target price of RM1.62, as the company is expected to record robust growth in 2015.

  • World Biz  |  NOVEMBER 26, 2014 3:45 PM

    Samsung Electronics to buy back RM6.6 bil own shares

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    South Korea's Samsung Electronics Co Ltd said on Wednesday that it will buy back 2.2 trillion won (RM6.6 billion) worth of its own shares in order to stabilise its share price and boost shareholder value.

  • Corporate  |  NOVEMBER 26, 2014 3:41 PM

    MPs to get 69% allowance hike

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    The government has finally revealed the exact quantum of allowance hike for MPs, at 69% effective next year.

  • Corporate & Markets  |  NOVEMBER 26, 2014 3:27 PM

    Eastspring Investments boosts cash holdings

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    The manager of Malaysia’s top-performing stock fund is boosting cash holdings as slowing profit growth weighs on the world’s longest-running bull market.

  • Markets  |  NOVEMBER 26, 2014 3:27 PM

    FBM KLCI slightly higher at mid-afternoon

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

  • Markets  |  NOVEMBER 26, 2014 3:15 PM

    Bursa implements Straight Through Processing on Dec 1

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    Bursa Malaysia will implement Straight Through Processing (STP) for the registration of individuals such as dealer’s representatives, futures brokers representatives and directors of brokers, effective Dec 1, 2014.

  • Commodities  |  NOVEMBER 26, 2014 3:09 PM

    Palm sees little change amid stronger ringgit, falling crude

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    Malaysian palm oil futures were little changed on Wednesday, with buying sentiment curtailed by a drop in crude oil prices as well as a stronger ringgit.

  • Corporate & Featured and Exclusive  |  NOVEMBER 26, 2014 3:08 PM

    RM9.7 bil spent on MRT Line 1 so far, says MRT Corp CEO

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    Mass Rapid Transit Corp (MRT Corp) has spent RM9.7 billion to date on the MRT Sungai Buloh-Kajang Line (Line 1) project, said chief executive Azhar Abdul Hamid.

  • Commodities & Economy  |  NOVEMBER 26, 2014 2:57 PM

    Indonesia coffee output falls by 12% in 2014

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    Indonesia's coffee bean output could fall by up to 12% this year, an industry group said, although the decline will not be as steep as previously expected due to slowly improving weather conditions on the main growing island of Sumatra.

  • Corporate  |  NOVEMBER 26, 2014 2:56 PM

    KNM Group Q3 pre-tax profit eases to RM30.49 mil

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    KNM Group Bhd's pre-tax profit eased to RM30.49 million in the third quarter ended Sept 30, 2014, from RM20.84 million recorded in the same period last year.

  • Corporate & Markets  |  NOVEMBER 26, 2014 2:52 PM

    Alliance DBS retains ‘buy’ on IJM Corp

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    IJM Corp Bhd's shares rose in the afternoon session today, boosted by its growing order book which stands at RM5.1 billion.

  • Corporate & Featured and Exclusive  |  NOVEMBER 26, 2014 2:51 PM

    Only World eyes theme park licence for Putrajaya outlet

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    Only World Group Holdings Bhd (OWG), a diversified food and beverage (F&B) and leisure and hospitality player, is looking towards Putrajaya for another of its trademark food place cum theme park, said its founder today.