• Economy  |  OCTOBER 30, 2014 8:43 PM

    US jobless claims rise, but labour market trends firming

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    The number of Americans filing new claims for unemployment benefits rose for a second straight week last week, but remained at levels consistent with a firming labour market.

  • Economy  |  OCTOBER 30, 2014 8:35 PM

    Ukraine Q3 GDP plunges 5.1% amidst conflict

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    Ukraine’s economy shrank 5.1% in the third quarter from a year earlier, the most in almost five years, as industrial production and the hryvnia slumped amid the bloody conflict in the country’s east.

  • Corporate & Featured and Exclusive  |  OCTOBER 30, 2014 8:26 PM

    Protasco’s Tey calls EGM to remove MD

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    Protasco Bhd’s non-executive director, Tey Por Yee, has called for an extraordinary general meeting (EGM) to remove Protasco’s managing director (MD) Chong Ket Pen as a director of Protasco, following the derivative action that had been filed by Tey against …

  • World Biz  |  OCTOBER 30, 2014 8:10 PM

    Time Warner Cable loses more video customers in Q3

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    Time Warner Cable Inc, the No 2 US cable TV operator, lost more video subscribers than analysts had expected in the third quarter, as more customers opt for internet streaming services offered by companies such as Netflix Inc.

  • Corporate & Featured and Exclusive  |  OCTOBER 30, 2014 8:09 PM

    Amid controversies, 1MDB breaks silence

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    Strategic investment fund 1Malaysia Development Bhd (1MDB) broke its long-held silence today, issuing a statement to in response to issues raised by the media on its previous deals and exercises.

  • Corporate  |  OCTOBER 30, 2014 8:01 PM

    Matrade eyes 10% increase M’sia-Bosnia trade next year

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    Trade between Malaysia and Bosnia and Herzegovina is expected to increase by 10% next year, said Malaysia External Trade Development Corp (Matrade) chairman Noraini Ahmad.

  • Corporate & Featured and Exclusive  |  OCTOBER 30, 2014 7:53 PM

    Faber completes RM1.5 bil assets injection deal

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    Faber Group Bhd had completed the RM1.5 billion assets injection exercise with its major shareholder UEM Group Bhd today, completing its transformation from a hospital support services specialist into an assets development and management player.

  • Economy  |  OCTOBER 30, 2014 7:49 PM

    Najib: Govt to accrue RM23.2bil from GST

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    Prime Minister Najib Abdul Razak said the Goods and Services Tax (GST) at 6%, to be implemented on April 1, 2015, is estimated to rake in RM23.2 billion in government revenue.

  • Corporate  |  OCTOBER 30, 2014 7:41 PM

    Fitch affirms Malaysian Re’s ‘A’ rating

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    Global rating agency Fitch Ratings has affirmed Malaysian Reinsurance Bhd's insurer financial strength (IFS) rating at 'A' with a stable outlook.

  • Corporate  |  OCTOBER 30, 2014 7:38 PM

    Mida to woo more IC packaging firms

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    The Malaysian Investment Development Authority (Mida) plans to attract more foreign and local integrated circuit (IC) design houses that focus on producing IC packaging, given its positive potential in the global market.

  • Corporate  |  OCTOBER 30, 2014 7:27 PM

    Signature FY14 pre-tax profit surges 190%

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    Signature International Bhd's pre-tax profit for the financial year (FY) ended June 30, 2014 surged 190% to RM25.5 million from the same period a year ago.

  • Corporate  |  OCTOBER 30, 2014 7:24 PM

    Press Metal Q3 result returns to the black

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    Press Metal Bhd returned to the black with a pre-tax profit of RM116.26 million for the third quarter ended Sept 30, 2014 compared with a pre-tax loss of RM48.37 million recorded in the same period last year.

  • Corporate  |  OCTOBER 30, 2014 7:20 PM

    Pavilion REIT Q3 pre-tax profit rises to RM63.02mil

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    Pavilion Real Estate Investment Trust (REIT)'s pre-tax profit rose to RM63.02 million in its third quarter (Q3) ended Sept 30, 2014 from RM52.94 million in the same period last year.

  • Commodities  |  OCTOBER 30, 2014 7:14 PM

    Palm hits over three-month high as soy jumps

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    Malaysian palm oil futures rose to a more than three-month high on Thursday, driven by big gains in comparative soy markets, as well as optimism that growing food consumption amid weakening palm output will underpin prices into next year.

  • Commodities & Corporate  |  OCTOBER 30, 2014 7:01 PM

    Mistry: Wilmar, Sime Darby are top picks as palm surges

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    Wilmar International Ltd and Sime Darby Bhd were chosen by Dorab Mistry as his top picks among palm oil companies, as the director at Godrej International Ltd forecast prices will rally into next year. The shares rose as futures in Kuala Lumpur advanced to the highest since July.

  • Commodities  |  OCTOBER 30, 2014 6:13 PM

    Rubber market closes higher

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    The Malaysian rubber market closed higher today on the back of a weaker yen, a dealer said.

  • Markets  |  OCTOBER 30, 2014 5:59 PM

    Ringgit eases against US$ at close

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    The ringgit closed lower against the US dollar today in tandem with other Asian currencies, following the slightly hawkish tone in the statement by the US Federal Reserve yesterday, dealers said.

  • Finance  |  OCTOBER 30, 2014 5:55 PM

    Vietnam tests appetite for RM3.3bil bond

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    Vietnam is gauging demand for a $1 billion (RM3.3 billion) bond sale in overseas investor meetings this week, three months after Moody’s Investors Service upgraded the nation’s credit rating for the first time since 2005.

  • World Biz  |  OCTOBER 30, 2014 5:42 PM

    Barclays Investment Bank Q3 profit drops 39%

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    Barclays Plc, the UK’s second largest lender, said third quarter pre-tax profit at its investment bank dropped 39% after commissions for managing securities sales and trading stocks plummeted.

  • Markets  |  OCTOBER 30, 2014 5:32 PM

    Bursa Malaysia ends higher, CI up 3.23 pts

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    Bursa Malaysia edged higher at close today with most indices recording positive movement and in line with the rise on regional bourses.