• Corporate  |  OCTOBER 31, 2014 6:32 PM

    Unisem sees upgrade on strong earnings

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    Unisem (M) Bhd (Unisem) has been upgraded to a "buy" recommendation from a previous "neutral" recommendation by both MIDF Research and AllianceDBS Research, with both the research houses increasing their target prices to RM2.45 from RM1.60 and to RM2.10 from RM1.75 respectively.

  • Corporate  |  OCTOBER 31, 2014 6:26 PM

    Protasco board shields MD

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    The board of directors of Protasco Bhd has refused to have managing director Chong Ket Pen answer any allegations of a RM10 million personal financial gain. The call to suspend Chong, made by non-executive director Tey Por Yee just yesterday, was also shut down.

  • Markets  |  OCTOBER 31, 2014 6:23 PM

    Ringgit eases against US$

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    The ringgit eased further against the US dollar at the close today following a positive US growth data, despite the stronger regional currencies, a dealer said.

  • Commodities  |  OCTOBER 31, 2014 6:21 PM

    Mbop: M’sia palm stocks to ease in 2014, 2015

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    Malaysian palm oil stocks could drop 14% by the end of 2014 from 2.09 million at the end of last month, a senior official of the Malaysian Palm Oil Board (Mpob) said, as export demand and domestic food and fuel needs pick up.

  • Corporate  |  OCTOBER 31, 2014 6:11 PM

    Miti to increase AEC engagement programmes

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    The Ministry of International Trade and Industry (Miti) will increase its engagement programmes with the public, as it prepares for the coming Asean Economic Community (AEC), said minister Mustapa Mohamed.

  • Commodities  |  OCTOBER 31, 2014 6:09 PM

    Rubber market closes mixed

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    The Malaysian rubber market closed mixed today on reduced buying momentum, dealers said.

  • World Biz  |  OCTOBER 31, 2014 6:01 PM

    For some schoolchildren, Uber replaces school bus

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    As the oldest of three kids, Baily Deeter was often the last to be picked up from school by his mother. Then Uber Technologies Inc came along.

  • Markets  |  OCTOBER 31, 2014 5:40 PM

    KL shares finish higher, CI up 12.37 pts

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    Upbeat sentiment from Wall Street's overnight gains drove Bursa Malaysia to close higher today, with all indices recording positive movement.

  • Economy  |  OCTOBER 31, 2014 5:33 PM

    Thailand factory output falls, but export & consumption rise

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    Thailand's factory output fell but exports and consumption rose on Friday, suggesting the economy is struggling to gain momentum after a coup ended months of political unrest five months ago.

  • Economy & World Biz  |  OCTOBER 31, 2014 5:05 PM

    China says its factory sector faces growth headwinds

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    Warning against undue optimism about China's export growth, the government said on Friday that the manufacturing sector in the world's second largest economy is stable but faces downside risks.

  • Corporate & Featured and Exclusive  |  OCTOBER 31, 2014 4:58 PM

    Shell eyes 80,000 prepaid cardholders in 6 months

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    Shell Malaysia Trading Sdn Bhd targets to sign up at least 80,000 cardholders within the next six months for its newly launched Shell easiGO American Express prepaid card.

  • World Biz  |  OCTOBER 31, 2014 4:55 PM

    Garuda Indonesia CEO to step down year-end

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    Emirsyah Satar said on Friday he will step down as chief executive (CEO) of Garuda Indonesia within months after a decade-long stint during which he helped repair the image of the loss-making Indonesian flag carrier and restructure operations.

  • World Biz  |  OCTOBER 31, 2014 4:45 PM

    Twitter said to appoint new head of product

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    Twitter Inc appointed Kevin Weil head of product, broadening his responsibilities and shifting another executive into a different role as part of the change, said a person with knowledge of the matter. Daniel Graf, who was hired from Google Inc …

  • Featured and Exclusive  |  OCTOBER 31, 2014 4:44 PM

    I’ll be free on Tuesday, says hopeful Anwar

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    LIVE REPORTS 12.40pm: The crowd outside the court becomes slightly chaotic when Anwar appears, shouting “Reformasi” as he makes his way to Masjid Tuanku Mizan Zainal Abidin for Friday prayers. Speaking to his supporters for two minutes, Anwar says he …

  • Commodities  |  OCTOBER 31, 2014 4:42 PM

    Gold, silver slump to lowest since 2010

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    Gold and silver slumped to the lowest level since 2010, as the dollar strengthened after the Bank of Japan (BOJ) unexpectedly boosted unprecedented stimulus and the Federal Reserve (Fed) ended asset purchases.

  • Corporate & Markets  |  OCTOBER 31, 2014 4:31 PM

    Dagang Nexchange sees trading halt over UMA

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    Trading in Dagang Nexchange Bhd’s shares on Bursa Malaysia have been halted with immediate effect, following an unusual market activity query from the local bourse.

  • World Biz  |  OCTOBER 31, 2014 4:29 PM

    Cheil files for RM4.7bil IPO as Samsung Group restructures

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    Cheil Industries Inc, the de facto holding company of Samsung Group, filed for a 1.52 trillion won (RM4.7 billion) initial public offering (IPO) as South Korea’s largest business group restructures.

  • Economy  |  OCTOBER 31, 2014 4:17 PM

    Williams: Inflation targeting flaws with rates at zero

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    Federal Reserve Bank (Fed) of San Francisco president John Williams said that while inflation targeting helped central banks keep prices low and stable during the crisis, the policy still faces “critical challenges” with interest rates near zero.

  • Corporate  |  OCTOBER 31, 2014 4:11 PM

    Western Digital announces 1Q15 financial results

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    Western Digital Corp, a developer and manufacturer of storage solutions, today announced revenue of US$3.9 billion (RM12.9 billion) and net income of US$423 million for its first fiscal quarter ended Oct 3, 2014.

  • Commodities & Corporate  |  OCTOBER 31, 2014 3:58 PM

    Plunging oil prices jeopardise costly Asian energy projects

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    Frontier and deepwater exploration in Asia will be among high-cost energy projects most at risk from an oil price slump that has knocked 25% off the top of global crude prices.