• Singapore  |  OCTOBER 21, 2014 7:47 PM

    SGX profit falls 16% on lower trading volume

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    Singapore Exchange Ltd (SGX), operator of Southeast Asia’s biggest bourse, said first quarter profit fell 16% from a year earlier as share trading volumes shrank, offsetting a gain in derivatives.

  • Economy & Featured and Exclusive  |  OCTOBER 21, 2014 7:38 PM

    TPPA harmful to M’sias balance of trade, says WTO

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    The Trans-Pacific Partnership will lead to a deterioration in Malaysia’s balance of trade with other partner countries, a new study warns

  • Economy  |  OCTOBER 21, 2014 7:25 PM

    Thai economy shows signs of stagnation

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    Thailand’s economy is stagnating as a lack of confidence in the pace of a recovery, discourages investment and consumption, Finance Minister Sommai Phasee said.

  • World Biz  |  OCTOBER 21, 2014 7:04 PM

    De Beers yet to reach diamond sales agreement with Namibia

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    Namibia has yet to reach a new diamond sales agreement with Anglo American Plc’s De Beers unit, in which the south west African country would seek to be able to sell some gems separately.

  • Commodities & World Biz  |  OCTOBER 21, 2014 6:50 PM

    Statoil finds up to 80 million barrels of oil

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    Statoil ASA, Norway’s biggest energy company, found as much as 80 million barrels of oil near the Grane field in the North Sea, potentially boosting volumes at a 1992 discovery more than 13-fold.

  • Economy  |  OCTOBER 21, 2014 6:37 PM

    Why markets still need central bankers

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    Policy makers deny its existence, yet investors still reckon that whenever stocks and other risk assets take a tumble, the authorities will be there with calming words or economic stimulus to ensure the losses are limited.

  • Issues  |  OCTOBER 21, 2014 6:30 PM

    Eco World, a property brand in a rush

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    With a hard-hitting line-up of directors and seeking to match the collective proceeds of all four previous Spac listings on Bursa Malaysia, Liew Kee Sin’s proposed special purpose acquisition company (Spac) listing is no joke. A successful Spac listing may further hasten the larger Eco World brand’s already meteoric growth rate, but on the other hand it may hurt the existing developer too.

  • Corporate & Featured and Exclusive  |  OCTOBER 21, 2014 6:10 PM

    EPF barred from voting in CIMB-led bank merger

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    Malaysian state pension fund Employees Provident Fund (EPF) will not be allowed by the nation's bourse to vote in the proposed merger of CIMB Group Holdings Bhd and two rivals as it is a major shareholder in all of the banks.

  • Commodities  |  OCTOBER 21, 2014 6:10 PM

    Rubber prices end higher

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    The Malaysian rubber market closed higher today despite the lower performance on the Tokyo Commodity Exchange (Tocom), a dealer said.

  • Markets  |  OCTOBER 21, 2014 6:07 PM

    KL shares close lower on selling pressure

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    Shares on Bursa Malaysia ended lower today on selling pressure ahead of the Deepavali holiday tomorrow, dealers said.

  • World Biz  |  OCTOBER 21, 2014 6:04 PM

    Tesco needs to spend RM15.8 bil for turnaround

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    Tesco Plc, the troubled UK grocery leader, needs to spend more than 3 billion pounds (RM15.8 billion) to turn around its fortunes, including slashing prices and improving food quality, HSBC Securities estimates.

  • Markets  |  OCTOBER 21, 2014 5:55 PM

    Ringgit closes higher against US dollar

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    The ringgit ended higher for the second consecutive day against the US dollar today following China's better than expected economic growth in the third quarter, a dealer said.

  • World Biz  |  OCTOBER 21, 2014 5:44 PM

    BOE’s Carney faces scrutiny on payment outage

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    Bank of England (BOE) governor Mark Carney is facing scrutiny on the management of Britain’s payments system after the biggest disruption in at least seven years, delayed bank transfers and house purchases.

  • Corporate  |  OCTOBER 21, 2014 5:41 PM

    Goldis takeover of IGB good to go after EGM vote

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    Shareholders overwhelmingly agreed to allow the board of directors to proceed with a takeover of IGB Corporation.

  • Commodities & Featured and Exclusive  |  OCTOBER 21, 2014 4:59 PM

    RON95 petrol price likely to stay at RM2.30 until June ’15

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    The price of RON95 petrol is likely to stay at RM2.30 a litre until June next year, said Deputy Finance Minister Ahmad Maslan.

  • Economy & Featured and Exclusive  |  OCTOBER 21, 2014 4:43 PM

    MIER expects GDP to moderate below 6%

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    The Malaysian Institute of Economic Research (MIER) expects Malaysia's gross domestic product (GDP) to moderate below 6% for the third quarter (Q3) due to the softening business conditions and higher import growth as compared to exports.

  • World Biz  |  OCTOBER 21, 2014 4:40 PM

    InterContinental’s revenue per room beats estimates

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    InterContinental Hotels Group Plc, the owner of the Holiday Inn and Crowne Plaza brands, reported revenue per room that beat analysts’ estimates, as its US outlets had their best quarterly performance in eight years.

  • World Biz  |  OCTOBER 21, 2014 4:28 PM

    ARM’s royalty growth rebounds in 3Q

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    ARM Holdings Plc, the chip designer whose products power more than 95% of smartphones, said royalty sales growth will accelerate this quarter on demand for new devices, such as Apple Inc’s iPhone 6.

  • OTHERS  |  OCTOBER 21, 2014 4:18 PM

    Are services the new manufactures?

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    PRINCETON – The global discussion about growth in the developing world has taken a sharp turn recently. The hype and excitement of recent years over the prospect of rapid catch-up with the advanced economies have evaporated. Few serious analysts still …

  • Commodities  |  OCTOBER 21, 2014 4:12 PM

    M’sia Q3 cocoa grinding falls 13.7% on slowing demand

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    Cocoa processing in Malaysia fell 13.7% from a year earlier to 61,428 tonnes in the third quarter, the Malaysian Cocoa Board said on Tuesday, reflecting slow demand and rising costs.