• Markets  |  AUGUST 1, 2014 5:44 PM

    KL shares ends lower, CI sheds 8.02 points to 1,863.34

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    Share prices on Bursa Malaysia closed lower today, weighed down by losses in selected blue-chips and heavyweights.

  • World Biz  |  AUGUST 1, 2014 5:34 PM

    Rentokil eyes expansion in Asia, Latin America

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    British services firm Rentokil Initial said it was looking to buy more businesses in Asia and Latin America, after reporting a 7.7% rise in half year operating profit.

  • World Biz  |  AUGUST 1, 2014 5:15 PM

    Ben & Jerry’s at odds with Unilever in GMO food fight

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    In early May, Unilever Chief Executive Officer Paul Polman paid a visit to the headquarters of its subsidiary Ben & Jerry’s in South Burlington, Vermont, meeting with about 100 employees to share his views on deforestation, farming, and food made …

  • World Biz  |  AUGUST 1, 2014 5:11 PM

    Bank of East Asia hits record 1H profit of RM1.5 bil

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    The first of Hong Kong's banks kicked off earnings on Friday with the biggest family-run lender posting a record interim profit after giving more loans to mainland borrowers, renewing investor focus on credit lines to China and the risks they pose.

  • World Biz  |  AUGUST 1, 2014 4:51 PM

    Li Ka-shing to mull bid for Awas plane assets

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    Billionaire Li Ka-shing is considering bidding for a portfolio of planes being sold by Terra Firma Capital Partners Ltd.’s aircraft-leasing company, said people with knowledge of the matter. Li, Asia’s richest man, may bid for the planes, owned by Awas …

  • Corporate  |  AUGUST 1, 2014 4:46 PM

    Petronas wins Best Employer award for the 5th time

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    Petronas won the fifth Asia’s Best Employer Brand Awards 2014 in Singapore, cementing the oil and gas multinational’s position as one of the most reputable employer in the industry and region.

  • Corporate  |  AUGUST 1, 2014 4:36 PM

    Caring Pharmacy downgraded to ‘neutral’

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    RHB Investment Bank dropped its recommendation of ‘buy’ for Caring Pharmacy Group Bhd to ‘neutral’, also lowering their fair value for the counter to RM1.95 from RM2.48, on the back of the group reporting less-than-satisfactory results for its 2014 financial …

  • Featured and Exclusive  |  AUGUST 1, 2014 4:33 PM

    Sharp posts sharp loss of RM55.79 mil

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    Japan's Sharp Corp posted a net loss for the first quarter that was slightly deeper than expected, although it narrowed to 1.79 billion yen (RM55.79 million) from 17.9 billion yen in the same quarter last year.

  • World Biz  |  AUGUST 1, 2014 4:32 PM

    San Miguel in talks to sell back Philippine Air

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    San Miguel Corp. is in talks with billionaire Lucio Tan to sell back its stake in Philippine Airlines Inc., a move that would free up capital for the country’s biggest company and give Tan control of the carrier. “They’re offering …

  • World Biz  |  AUGUST 1, 2014 4:06 PM

    Bumi Resources tries to sweeten debt-exchange offer

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    PT Bumi Resources, the most indebted coal producer in Asia, is trying to sweeten its debt-exchange offer, sending a letter to holders of its US$375 million (RM1.2 million) bonds ahead of a repayment deadline next week. The Jakarta-based coal-mining group, …

  • Markets  |  AUGUST 1, 2014 4:00 PM

    Emerging stocks head for worst week in 3 months

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    Emerging-market stocks headed for the biggest weekly loss in three months as disappointing earnings and Argentina’s default reduced investor demand for riskier assets. South Korea’s won led currencies lower. Samsung Electronics Co posted its sharpest two-day drop since August 2012 …

  • Markets & Property  |  AUGUST 1, 2014 3:53 PM

    India paves way for opening RM63.9 bil REIT market

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    India is laying the groundwork to make real estate investment trusts tax-exempt and allow them to trade on public exchanges, a move that may help unlock as much as US$20 billion (RM64 billion) of listings. Regulations on taxation will be …

  • Corporate & Featured and Exclusive  |  AUGUST 1, 2014 3:51 PM

    Sime Darby’s Papua target a tad expensive

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    At current trading prices on the London and Port Moresby stock exchanges, a 49% stake in New Britain Palm Oil Ltd looks pricey at RM2.1 billion

  • Markets  |  AUGUST 1, 2014 3:49 PM

    KL shares lower at mid-afternoon

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    Bursa Malaysia eased at mid-afternoon today, in tandem with the overnight slump on Wall Street and weaker regional markets.

  • World Biz  |  AUGUST 1, 2014 3:42 PM

    ArcelorMittal reports 3.7% increase in profit, cuts outlook

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    ArcelorMittal, the world’s biggest steelmaker, reported a 3.7% increase in second-quarter profit and cut its full-year earnings as prices for the iron ore it mines fell short of expectations. Earnings before interest, taxes, depreciation and amortization climbed to US$1.76 billion …

  • Economy & World Biz  |  AUGUST 1, 2014 3:32 PM

    StanChart boosts Indonesian-tied debt to record

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    Standard Chartered Plc, the London- based bank that makes most of its money in Asia, drove sales of notes tied to Indonesian government bonds to a record as investors bet incoming president Joko Widodo’s pro-business approach will drive growth. The …

  • World Biz  |  AUGUST 1, 2014 3:30 PM

    Toyota sales in China down 1% y-o-y

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    Toyota Motor Corp and its two Chinese joint ventures sold about 74,800 vehicles in China in July, down 1.1 percent from a year earlier, the Japanese automaker said on Friday.

  • Featured and Exclusive & Opinion  |  AUGUST 1, 2014 3:30 PM

    Bonds of the diaspora

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    WASHINGTON, DC – The goals of the post-2015 development agenda cannot be achieved without strong programs and adequate funding. Official development assistance amounts to roughly US$130 billion (RM415.6 billion) a year; though foreign-direct investment and portfolio inflows can help poor …

  • World Biz  |  AUGUST 1, 2014 3:26 PM

    British Airways owner boosts profit; adds 16 Jets

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    British Airways parent IAG SA said second-quarter profit jumped 55% and announced an order for 16 new wide-body jets at its Iberia arm after a program of job and route cuts revived earnings at the Spanish business. London-based IAG posted an …

  • Singapore  |  AUGUST 1, 2014 3:20 PM

    Temasek-backed Reebonz, Razer to weigh US IPO

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    Two technology companies backed by units of Singapore’s state investment company Temasek Holdings Pte are considering US initial public offerings, people with knowledge of the matter said. Reebonz Pte, an online retailer of discounted luxury goods, is receiving proposals from …