• Economy  |  DECEMBER 18, 2014 10:12 PM

    GST not expected to affect M’sia tourism industry

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    Tourism and Culture Minister Mohamed Nazri Abdul Aziz said the government has already put in place the proper steps to implement the new tax.

  • Corporate  |  DECEMBER 18, 2014 10:05 PM

    Multi-Purpose Cap to sell 49% stake in MPIB

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    MPHB Capital Bhd's wholly owned unit, Multi-Purpose Capital Holdings Bhd, will dispose of its 49% stake in Multi-Purpose Insurans Bhd (MPIB) to Generali Asia NV for RM355.8 million.

  • Corporate  |  DECEMBER 18, 2014 9:54 PM

    Petra Energy to dispose of 70% stake in JPA

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    Petra Energy Bhd has entered into a share sale agreement with Chiew Chung Lee to dispose of its entire 70% equity interest in Jurutera Perunding Akal Sdn Bhd (JPA), amounting to 70,000 ordinary shares of RM1 each for RM141,189.03.

  • Property  |  DECEMBER 18, 2014 9:48 PM

    ’74% abandoned housing projects rehabilitated’

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    He said 10.7% more or 23 projects are in the process of rehabilitation, while 15.3% or 33 projects are in the planning stage.

  • Corporate & Featured and Exclusive  |  DECEMBER 18, 2014 9:40 PM

    Jentayu apologises; hopes to meet with Khazanah

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    "We sincerely hope we have the opportunity to share, elaborate, and explain in greater detail our proposal to Khazanah Nasional Bhd and apologise if we have caused any inconvenience," JD said in a statement today.

  • Economy  |  DECEMBER 18, 2014 9:29 PM

    ‘Don’t waste FX reserves to protect rouble’

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    President Vladimir Putin said Russia shouldn’t waste currency reserves to protect the rouble, as the country braces for a recession brought on by the collapse of the oil price and sanctions over the Ukraine conflict.

  • Economy, Markets, World Biz  |  DECEMBER 18, 2014 7:11 PM

    Draghi counts the cost of ECB quantitative easing battles

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    As Mario Draghi prepares to push the European Central Bank (ECB) into quantitative easing, he’s counting the cost of alienating its home nation.

  • Economy  |  DECEMBER 18, 2014 7:01 PM

    Indonesia mulls removing gasoline subsidy in 2015

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    Indonesia's Chief Economics Minister Sofyan Djalil on Thursday said the government is considering removing subsidies for gasoline next year, but will maintain subsidies for diesel.

  • World Biz  |  DECEMBER 18, 2014 6:50 PM

    Pertamina set for 20% drop in 2014 profit

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    Indonesian state oil and gas giant Pertamina sees a more than 20% fall in net profit this year due to a drop in global oil prices and because it failed to reach its production target, a director at the company said on Thursday.

  • World Biz  |  DECEMBER 18, 2014 6:33 PM

    GM, Jaguar suspend sales in Russia

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    General Motors Co (GM) and Jaguar Land Rover temporarily stopped selling cars in Russia this week, deciding that taking a timeout from the market was the best way to deal with the rouble’s collapse.

  • TigerTalk  |  DECEMBER 18, 2014 6:30 PM

    Media 101: How not to anger Tigers

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    Tiger had high hopes of speaking to the higher-ups at Malaysia Debt Ventures today but was rudely shooed away by the debt financier’s public relations personnel. A fuming Tiger was (and still is) in a mood to take chunks out of their ankles.

  • Commodities  |  DECEMBER 18, 2014 6:22 PM

    Rubber market closes mixed

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    The Malaysian rubber market closed mixed for the second consecutive day today amid the stronger ringgit against the US dollar, a dealer said.

  • Enterprise & Featured and Exclusive  |  DECEMBER 18, 2014 6:21 PM

    KL gets 3,000 ZEV charging stations in 2 years

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    KL Electric Mobility Sdn Bhd, a unit of US-based Masers Energy Inc, will invest RM1.5 billion to set up 3,000 charging stations for zero-emission vehicles (ZEV) within Kuala Lumpur over the next two years.

  • Corporate  |  DECEMBER 18, 2014 6:13 PM

    M’sia to buy attack helicopters for ESSZone

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    The Malaysian Army plans to acquire six attack helicopters for its Aviation Corps to reinforce operations in the Eastern Sabah Security Zone (ESSZone).

  • Markets  |  DECEMBER 18, 2014 6:09 PM

    KL shares end higher on renewed interest

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    Share prices on Bursa Malaysia finished higher today on renewed buying interests by local investors, dealers said.

  • Economy  |  DECEMBER 18, 2014 6:04 PM

    Indonesia plans fixed fuel subsidy next month

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    Indonesia plans to introduce a fixed fuel subsidy next month in a shake-up of its decades-old oil pricing system, to shore up its current account deficit and reduce vulnerability to an emerging market sell-off.

  • Corporate  |  DECEMBER 18, 2014 5:47 PM

    UOBKH initiates coverage on Eco World

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    UOB Kay Hian (UOBKH) initiated coverage on Eco World Development Group Bhd (Eco World) with a "buy" recommendation and a target price of RM5.59 on the back of a strong management team, value creation capabilities, and strong land bank which ensures growth visibility.

  • Markets  |  DECEMBER 18, 2014 5:34 PM

    Ringgit ends sharply higher against US$

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    The ringgit closed sharply higher against the US dollar and other major currencies, on improved buying sentiment.

  • Property  |  DECEMBER 18, 2014 5:30 PM

    London home prices drop further

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    Prices in London are down as much as 10% from a peak in the Spring, said Jeffrey Doble, chief executive officer of Thamesview Estate Agents Ltd. The company operates 60 offices in London through brands including Dexters.

  • TigerTalk  |  DECEMBER 18, 2014 5:23 PM

    Xian Leng RM86 mil scandal fades into obscurity

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    Two years ago a relatively small public-listed company made headlines with its financial irregularities, with numbers not far below RM100 million being bandied about. But the heat had fast cooled and culminated in a tame settlement for a fraction of the amount investigated.