• Corporate  |  SEPTEMBER 24, 2014 12:12 PM

    Pos Ar Rahnu expects IPM to be exempted from GST

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    Pos Ar Rahnu Sdn Bhd expects the government to exempt investment precious metals (IPM) from the Goods and Services Tax.

  • Featured and Exclusive & World Biz  |  SEPTEMBER 24, 2014 12:02 PM

    Alibaba arm to create RM529 bil loan marketplace

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    Alibaba Group Holding Ltd’s finance arm aims to create a marketplace for 1 trillion yuan (RM529 billion) of loans in as soon as two years as the e-commerce group encourages more Chinese to borrow and lend.

  • Featured and Exclusive & World Biz  |  SEPTEMBER 24, 2014 11:39 AM

    Taiwan govt workers banned from IM services

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    Taiwan banned all government workers from using instant messaging services including Naver Corp’s Line and Microsoft Corp’s MSN over security concerns, the Cabinet said in a statement last night.

  • Markets  |  SEPTEMBER 24, 2014 11:33 AM

    KL shares continue to gain at mid-morning

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    Shares on Bursa Malaysia remained in positive territory at mid-morning lifted by gains in selected heavyweights as bargain-hunters beat profit-takers.

  • Corporate  |  SEPTEMBER 24, 2014 11:28 AM

    S’gor Customs’ hits Carlsberg with RM56 mil bills of demand

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    [email protected]

    Carlsberg Brewery Malaysia Bhd has been hit with two bills of demand and a penalty amounting to about RM56 million by Selangor Customs.

  • Featured and Exclusive & World Biz  |  SEPTEMBER 24, 2014 11:21 AM

    Google to build RM2.5 bil data centre in Netherlands

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    Google Inc, the world’s largest Internet-search provider, plans to spend about 600 million euros (RM2.5 billion) over the next four years in building a data centre in the Netherlands for its European operations.

  • Commodities, Singapore, World Biz  |  SEPTEMBER 24, 2014 11:04 AM

    S’pore’s Pavilion Energy signs 20-year LNG deal with BP

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    Pavilion Gas Pte Ltd, a wholly owned subsidiary of Singapore's Pavilion Energy, has signed a deal for BP to supply it with 0.4 million tonnes per year of liquefied natural gas (LNG) for 20 years from 2019.

  • Economy & World Biz  |  SEPTEMBER 24, 2014 10:58 AM

    Korea elderly entrepreneurs discouraged from startups

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    South Korea will redirect financial support from new mom and pop stores and restaurants to discourage retirees from pouring their life’s savings into enterprises that often collapse and leave them destitute.

  • World Biz  |  SEPTEMBER 24, 2014 10:34 AM

    Sharp bond risk converging with Sony

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    Sharp Corp’s bond risk is converging with Sony Corp’s after the Osaka-based electronics maker rebounded from the brink of collapse in 2012 by supplying Chinese companies.

  • Commodities  |  SEPTEMBER 24, 2014 10:33 AM

    Thailand delays sale of remaining rubber stocks

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    The Thai government has postponed the sale of its remaining 100,000 tonnes of rubber stocks to avoid further depressing prices.

  • Corporate, Featured and Exclusive, World Biz  |  SEPTEMBER 24, 2014 10:17 AM

    Starbucks buys full control of Japan unit for RM2.9 bil

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    Starbucks Corp on Tuesday said it plans to buy the remaining 60.5% share of Starbucks Coffee Japan Ltd that it does not already own in a two-step deal valued at about US$913.5 million (RM2.9 billion).

  • Corporate, Featured and Exclusive, World Biz  |  SEPTEMBER 24, 2014 10:00 AM

    Tesco parachutes in new CFO to fix accounting scandal

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    Tesco rushed its new chief financial officer into place on Tuesday, trying to shore up a leadership team badly damaged by the accounting mistake revealed on Monday that knocked millions off the company's profits and billions from its share price.

  • Markets  |  SEPTEMBER 24, 2014 10:00 AM

    KL shares open higher, CI up 1.48 points

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    Share prices on Bursa Malaysia erased yesterday's losses and opened higher on better buying support in selected heavyweights such as British American Tobacco.

  • Markets  |  SEPTEMBER 24, 2014 9:56 AM

    Ringgit opens lower against US dollar

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    The ringgit opened slightly lower today on weaker demand for the local unit as well as lack of market moving catalysts.

  • Commodities & World Biz  |  SEPTEMBER 24, 2014 9:10 AM

    Refinery glut may force European plant closures

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    The newest oil refinery in Saudi Arabia reached full capacity last month, increasing the international competition that Vitol SA and Total SA said will force the closing of more European plants.

  • World Biz  |  SEPTEMBER 24, 2014 8:52 AM

    Fund managers caught out by unexpected post-coup rally

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    Fund managers in Thailand hired to beat the stock market have been caught flat footed by a 12% rally in the main index since a military coup in May.

  • Commodities  |  SEPTEMBER 24, 2014 8:07 AM

    Gold up after US air strikes but fails to sustain rally

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    Gold rose on Tuesday after the first US-led airstrikes against Islamic State and other militants inside Syria, but early gains evaporated amid a lack of follow through buying.

  • StockStalk  |  SEPTEMBER 24, 2014 8:00 AM

    YTL Power International Bhd: All the wrong moves?

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    [email protected]

    Low-key YTL Power was unwittingly propelled into the limelight when it dropped out of the controversial Track 4A power plant project. It also owns loss-making YTL Communications Sdn Bhd, which some analysts think is a liability. Is this company making …

  • Markets  |  SEPTEMBER 24, 2014 7:57 AM

    US dollar steady against major currencies, euro up slightly

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    The dollar held steady against other major currencies on Tuesday after a flurry of profit-taking that also helped lift the battered euro.

  • Commodities  |  SEPTEMBER 24, 2014 7:49 AM

    Brent falls due to ample supplies, US oil rallies

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    Brent crude oil inched lower on Tuesday as ample global supplies outweighed tensions in the Middle East, while US oil bounced higher after four sessions of losses.