• Corporate  |  APRIL 23, 2014 7:06 PM

    Cycle & Carriage Bintang back in black

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    Cycle & Carriage Bintang Bhd recorded a 6% increase in revenue and a turnaround for profits before tax in 1Q14 as compared to 1Q13, with a profit before tax of RM2.583 million compared to the loss of RM527 thousand in …

  • Corporate  |  APRIL 23, 2014 6:58 PM

    ‘M’sia fortifying semiconductors, solar & LED ecosystems’

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    Malaysia is focusing on strengthening three major ecosystems of semiconductors, solar and light-emitting diode (LED) in the electrical and electronics (E&E) industry, says the Malaysian Investment Development Authority (MIDA). “Semiconductors will continue to spearhead the growth of the E&E industry in the country, boosted …

  • Corporate  |  APRIL 23, 2014 6:45 PM

    RAM assigns AAA, AA1 ratings to Public Islamic Bank

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    RAM Ratings has assigned AAA/Stable and AA1/Stable ratings to Public Islamic Bank Bhd’s senior sukuk and subordinated sukuk, proposed up to RM5 billion Sukuk Murabahah Programme. The rating agency also reaffirmed AAA/Stable/P1 ratings of the group’s financial institution ratings. The financial institution ratings …

  • Corporate  |  APRIL 23, 2014 6:43 PM

    Panasonic M’sia eyes 40% market share

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    Panasonic Malaysia Sdn Bhd aims to increase its market share in the home appliance and air-conditioner segment this year to 40% from 22% at present. Managing director Yosuke Matsunaga said the higher target was driven by air-condition sales which had contributed 25% to …

  • Corporate  |  APRIL 23, 2014 6:25 PM

    Ministry: No grant given to ‘Najib-favoured’ firm

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    The Science, Technology and Innovation Ministry (Mosti) has denied a PKR leader’s allegation that it had given Pahang-based company NSE Resources Corporation a RM100 million grant for research and development purposes. At a press conference this afternoon, deputy minister Abu …

  • Markets  |  APRIL 23, 2014 6:08 PM

    RM closes higher on positive external sentiments

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    The ringgit closed higher against the US dollar today on positive external sentiments, dealers said. At 5pm, the local note was quoted at 3.2645/2665 against the greenback from Tuesday’s 3.2655/2685 close. A dealer said China’s manufacturing report showed the index was 48.3 …

  • Economy  |  APRIL 23, 2014 6:03 PM

    Minimum wage order being reviewed for improvement

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    The National Wages Consultative Council (NWCC) is in the process of reviewing the Minimum Wage Order 2012 towards  improved and effective implementation of the order for the private sector. Deputy human resources minister, Ismail Abdul Muttalib said as provided under the NWCC …

  • Corporate & Featured and Exclusive  |  APRIL 23, 2014 6:00 PM

    Alan Ong Tee Thong is new Perwaja, Kinsteel chairman

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    Ong, a director of Maju Holdings, is set to replace Ravi Manchanda who resigned yesterday after just nine months at the post

  • Corporate  |  APRIL 23, 2014 5:52 PM

    Petronas awards RM260.8 mil contract to Barakah unit

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    Petronas Gas Bhd (PetGas), a subsidiary of Petroliam Nasional Bhd, has awarded a RM 260.8 million contract to a consortium involving Barakah Offshore Petroleum’s subsidiary for the procurement, construction and commissioning of the Pengerang gas pipeline project. In a regulatory …

  • Commodities  |  APRIL 23, 2014 5:43 PM

    Rubber market closes mixed

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    The Malaysian rubber market closed mixed on Wednesday, in tandem with lower rubber prices on the Tokyo Commodity Exchange (TOCOM) amid a quiet market, said a dealer. The dealer said market sentiment was affected by the poor Chinese economic data that in turn …

  • Markets  |  APRIL 23, 2014 5:40 PM

    Share prices end mixed-to-higher in cautious trading

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    Share prices on Bursa Malaysia ended mixed-to-higher in cautious trading as investors took profits off the table. The FTSE Bursa Malaysia KLCI (FBM KLCI) rose 0.93 of-a-point to 1,867.35 after hovering between 1,864.91 points and 1,870.89 points throughout the day. Market breadth …

  • Enterprise  |  APRIL 23, 2014 5:32 PM

    TPM: IVM to groom 60 new technopreneurs

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    Technology Park Malaysia Corporation Sdn Bhd, Malaysia’s leading and premier technology park and incubator, aims to groom 60 new technopreneurs this year through its newly launched Incubator, Virtualisation Model (IVM). President and chief executive officer Azman Shahidin said the IVM pilot programme began in …

  • Economy  |  APRIL 23, 2014 5:27 PM

    Deloitte: Malaysia could improve social progress

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    Malaysia could do better in terms of personal rights, personal freedom and choice, as well as tolerance and inclusion, said Deloitte Malaysia. These categories form the ‘Opportunity’ measurement category under the Social Progress Index (SPI) 2014, to which Malaysia is …

  • Corporate  |  APRIL 23, 2014 5:14 PM

    Red Hat eyes eyes double-digit growth next FY

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    Provider of open source software solutions, Red Hat Inc, is targeting a double-digit growth in the current financial year ending Feb 28, 2015 fueled by strong subscription growth for its Linux operating system. For the just-ended financial year ended Feb 28, 2014, revenue …

  • Corporate  |  APRIL 23, 2014 4:54 PM

    CGC appoints non-executive directors

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    Credit Guarantee Corporation Malaysia Bhd (CGC) has appointed Mohd Nasir Ahmad and Mohamed Rashdi Mohamed Ghazalli as its non-executive directors. “Mohd Nasir brings with him vast experience in the area of conventional finance and accountancy spans of 35 years. “He has helmed companies …

  • Corporate  |  APRIL 23, 2014 4:51 PM

    BMW launches new BMW 420i Coupe

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    BMW Group Malaysia today launched the  all-new BMW 420i Coupe which would set a higher benchmark for the premium sports coupe segment. Retailing for RM299,800 on the road, the BMW 420i would reinforce its position as the country’s number one selling …

  • Corporate  |  APRIL 23, 2014 4:46 PM

    Media Prima aims to maintain growth resiliency for FY14

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    Malaysia’s leading integrated media group, Media Prima Bhd, aims to maintain its resiliency and achieve continuous growth for the financial year 2014 (FY14) amid the challenging market environment. The group aims to continuously offer comprehensive, customised and integrated solutions to clients which appeal to …

  • Corporate & Property  |  APRIL 23, 2014 4:34 PM

    “Moratorium can curb real estate speculation”

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    The government has set a moratorium of 10 years on the Federal Territories Affordable Housing (Rumawip) projects and 1Malaysia Civil Servants Housing (PPA1M) projects to curb real estate speculation. Federal Territories deputy minister Dr J Loga Balan said during the moratorium period, any sale …

  • Corporate  |  APRIL 23, 2014 4:14 PM

    TOC, TOYO lubrication seals RM500,000 sponsorship deal

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    Custom and private grease manufacturer TOYO Lubrication (M) Sdn Bhd plans to expand to Indonesia after setting up a marketing office in Australia last year, said managing director Eddy Chong today. He said the company recorded a turnover of RM10 million last year. …

  • World Biz  |  APRIL 23, 2014 4:04 PM

    Barclays to withdraw from most commodities activities

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    Barclays Plc, the UK’s second- biggest bank, will withdraw from most of its global commodities activities, joining JPMorgan Chase & Co to Morgan Stanley in pulling back as revenue drops. The “refocused” business will emphasize electronic trading, Barclays said yesterday …