• 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.

  • Corporate  |  DECEMBER 18, 2014 5:06 PM

    TNB unsure of impact of weak ringgit on future earnings

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    National utility company Tenaga Nasional Bhd (TNB) is unsure of the impact of a weakening ringgit and declining coal prices on its future earnings.

  • Property  |  DECEMBER 18, 2014 4:56 PM

    Russians quit London home market on weak rouble

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    Wealthy Russian homebuyers are vanishing from London after driving a wave of foreign investment that lifted property prices to records. Only the oligarchs persist.

  • Corporate  |  DECEMBER 18, 2014 4:54 PM

    MDV allocates RM200 mil financing to support SMEs

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    Malaysia Debt Ventures Bhd (MDV) has allocated RM200 million financing to support small and medium enterprises in new growth sectors.

  • Markets  |  DECEMBER 18, 2014 4:33 PM

    No FX interventions on Dec 16, says Russia Central Bank

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    Russia's Central Bank said on Thursday it had conducted no interventions on the foreign exchange market on Dec 16, when the rouble suffered its largest intra-day loss since 1998.

  • Corporate  |  DECEMBER 18, 2014 4:30 PM

    Charge BFM with sedition, say Muslim NGOs

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    A group of Muslim NGOs lodged a police report today against a business radio station, urging that the broadcast journalists and the station be charged under the Sedition Act.

  • Corporate  |  DECEMBER 18, 2014 4:14 PM

    TNB to invest more in renewable energy

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    Tenaga Nasional Bhd (TNB) will increase its investment in alternative sources of energy to ameliorate the effects of a fossil fuel shortage going forward, says chairperson Leo Moggie.