• Opinion  |  APRIL 18, 2014 4:18 PM

    A tribute to Karpal Singh

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    Taking an overview of his own tempestuous life, Karpal Singh believes he has been able to achieve more via the law than he has as the perennial hardball opposition DAP politician — author Tim Donoghue in his book Karpal Singh, …

  • Markets  |  APRIL 18, 2014 4:16 PM

    China’s Stocks Fall, Capping Steepest Weekly Loss in Month

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    Chinese stocks posted their steepest weekly loss in a month, as slowing growth in home prices dragged down smaller real-estate companies and China Merchants Property Development Co. reported a drop in profit. China Merchants Property fell 1.1 percent to a …

  • Corporate  |  APRIL 18, 2014 4:11 PM

    CIMB’s Thai unit sees 40% jump in 1Q profits

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    CIMB Thai Bank PCL, a 93.71% subsidiary of CIMB Group Holdings Berhad, saw a 40.8% year-on-year (yoy) jump in net profits for the 1Q14 ended March 31 this year, recording 440.7 million Thai baht (THB) (RM44.3 million) compared to 127.7 million …

  • Corporate & Property  |  APRIL 18, 2014 4:01 PM

    Sunway Wellesley phase II see 50% take-up

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    The second phase of Sunway Property’s first residential development on the mainland of Penang, Sunway Wellesley, has received overwhelming response with 50 per cent snapped up over the weekend. Phase two of Sunway Wellesley consists of 214 units of three-story townhouse family villa …

  • Corporate & Property  |  APRIL 18, 2014 3:52 PM

    Malaysia Aica to be renamed Sunsuria

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    Malaysia Aica Berhad (Maica) is proposing to change its name to Sunsuria Berhad, said the company today. The renaming proposal is part of a number of proposals made by the company, as well as a notice of an extraordinary general …

  • Markets  |  APRIL 18, 2014 3:18 PM

    Shares marginally higher at mid-afternoon

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    Share prices on Bursa Malaysia remained marginally higher mid-afternoon with mild buying momentum seen in selected heavyweights and lower-liners. At 3.03 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 1.43 points easier at 1,851.97. Heavyweights, Public Bank rose four sen to RM20.02, …

  • Corporate & Featured and Exclusive  |  APRIL 18, 2014 3:13 PM

    Datasonic clinches RM292 mil in KDN contracts

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    Information and communications technology solutions provider Datasonic Group Bhd has bagged two contracts worth RM292 million from the Ministry of Home Affairs (KDN). In a filing to Bursa Malaysia today, the company said it had received letters of award from …

  • Corporate & Property  |  APRIL 18, 2014 3:03 PM

    UEM Sunrise eyes 70% take-up for Residensi 22 Block B

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    UEM Sunrise Bhd eyes a 70 per cent take-up rate for its newly-launched Block B of Residensi 22 Mont’Kiara condominium by year-end. Chief Marketing Officer Siti Mariam Mohd Desa said sales for the Block B units began yesterday and it is currently experiencing …

  • Commodities  |  APRIL 18, 2014 2:37 PM

    Rubber market closed for Good Friday

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    The Malaysian rubber market is closed today in observance of Good Friday, and trading will resume on Monday, April 21. The Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 eased two sen to 580 sen a kg at noon Thursday while …

  • Markets & World Biz  |  APRIL 18, 2014 1:17 PM

    Asian shares up on easing Ukraine tensions

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    Asian stocks climbed, with the Topix index set for its biggest weekly advance this month, amid easing tension in Ukraine. South Korea’s won rose, while credit risk in Japan fell and rubber dropped to the lowest since 2012. The MSCI …

  • Markets  |  APRIL 18, 2014 1:06 PM

    Shares end slightly higher at noon bell

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      Bursa Malaysia ended the morning session marginally higher today on lacklustre trading amid closure of most regional stock markets in observance of Good Friday. At lunch break, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 1.11 points better at 1,851.65. It had …

  • Markets  |  APRIL 18, 2014 1:02 PM

    Dollar set for weekly gain as data supports Fed taper pace

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    The dollar headed for weekly gains against the euro and the yen as improving economic data backed speculation the Federal Reserve will remove stimulus this year. The greenback rose for a fifth day yesterday against a basket of peers after data showed …

  • Markets  |  APRIL 18, 2014 12:54 PM

    Asian currencies drop on Ukraine crisis, US recovery

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    Asian currencies were headed for the first weekly loss in almost a month as conflict in Ukraine and a strengthening U.S. economy spurred demand for dollars. After four-way talks on the Ukraine crisis produced an accord yesterday aimed at de-escalating …

  • Markets  |  APRIL 18, 2014 12:41 PM

    Japan’s Nikkei up on upbeat US economic data

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    Japan’s Nikkei share average advanced on Friday after upbeat US economic data and corporate earnings bolstered investors’ risk appetite. The Nikkei was up 0.4 percent at 14,474.83 in midmorning trade after ending flat at 14,417.53 the previous day. For the week, the Nikkei …

  • World Biz  |  APRIL 18, 2014 12:33 PM

    Facebook to alert users when friends are nearby

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    Facebook Inc. will let people know when their friends are nearby via smartphone notifications, adding features for its growing base of mobile users. Consumers can customize the tool, called Nearby Friends, to see a certain group of people for a …

  • Markets  |  APRIL 18, 2014 12:28 PM

    China shares dip on real estate cooling

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    China shares fell slightly on Friday, weighed down by property stocks after home price data for March showed a further cooling in the real estate sector. By midday, the Shanghai Composite Index was down 0.1  percent at 2,096.30 points. The CSI300 index …

  • Corporate  |  APRIL 18, 2014 12:21 PM

    Kenanga neutral on Nestle despite decent 1Q14 showing

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    Kenanga Research is neutral on the near-term outlook of Nestle (M) Bhd despite the latter’s decent first-quarter performance since consumers may become increasingly price-sensitive due to increasing living costs. In a note today, the research firm also maintained a target price of RM72.80 per …

  • Corporate, Economy, Featured and Exclusive  |  APRIL 18, 2014 12:13 PM

    ‘Msia-Turkey FTA to triple trade within five years’

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    The Malaysia-Turkey Free Trade Agreement has opened a new chapter in bilateral ties between the two countries, said Prime Minister Najib Razak. Najib said his second visit to Turkey, which aimed to enhance bilateral cooperation particularly through the free trade agreement (FTA), has …

  • OTHERS  |  APRIL 18, 2014 11:45 AM

    Sharp plans mega solar plant near Fukushima nuclear plant

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    Sharp Corp. said Thursday it will build a 2,200-kilowatt mega solar power plant in Tomioka town in northeastern Japan in an evacuation advisory area near the crippled Fukushima No. 1 nuclear plant. Under an agreement signed with the town in Fukushima Prefecture, …

  • Corporate  |  APRIL 18, 2014 11:43 AM

    Salcon rise in early session on Langat 2 job win

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    Salcon Bhd share price rose in early trading Friday after its joint venture company, Salcon MMCB AZSB JV Sdn Bhd, accepted a contract award from Pengurusan Aset Air Bhd. The contract is for the development of the Langat 2 Water Treatment Plant and …