• World Biz  |  JANUARY 27, 2015 9:00 AM

    Mattel removes CEO, warns of 5th quarterly sales drop

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    Mattel Inc removed chief executive Brian Stockton after another disappointing holiday shopping season for the maker of the aging Barbie doll.

  • World Biz  |  JANUARY 27, 2015 8:36 AM

    Microsoft quarterly profit falls on sluggish Windows

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    Microsoft Corp on Monday reported a fall in its quarterly profit that was in line with Wall Street forecasts, as sluggish personal computer sales dampened demand for Windows software and the company struggled with the impact of the strong US dollar.

  • Issues  |  JANUARY 27, 2015 8:00 AM

    Who owns the Eco World brand?

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    While Liew Kee Sin’s private RM12 billion joint venture deal in London casts questions on conflicts with his role at the Battersea project, another question is his use of the Eco World brand for a personal vehicle. Who really owns the brand?

  • Commodities  |  JANUARY 27, 2015 7:49 AM

    Gold price falls as equities recover following Greek vote

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    Gold fell more than 1% on Monday as traders cashed in gains that took the metal to five-month highs last week, with the wider markets shrugging off news that an anti-austerity party had won elections in Greece.

  • Finance & Markets  |  JANUARY 27, 2015 7:38 AM

    Euro rebounds off lows after Greek vote

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    The euro rebounded on Monday as investors took advantage of steep losses sustained during two days of dramatic selling, with the final push down to a fresh 11-year low coming after elections in Greece put an anti-austerity government in power.

  • Commodities & Featured and Exclusive  |  JANUARY 27, 2015 7:24 AM

    Oil falls despite Opec talk of a floor

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    Oil fell in see-saw trade on Monday, with US crude ending at its lowest in nearly six years, as traders discounted comments from Opec's top official about the market finally finding a bottom.

  • Markets  |  JANUARY 27, 2015 7:19 AM

    US stocks rise after Greek elections

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    US stocks edged higher on Monday as investors brushed off fears that a leftist victory in Greece would bring fresh crisis to the euro zone and energy stocks advanced.

  • Corporate, Featured and Exclusive, Property  |  JANUARY 26, 2015 10:05 PM

    PR1MA approves 72 residential projects

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    1Malaysia People's Housing (PR1MA) Corporation has approved the development of 72 residential projects throughout the country this year, said its chief executive officer Abdul Mutalib Alias.

  • Commodities  |  JANUARY 26, 2015 9:42 PM

    Opec sees US$200 oil possible with lack of investment

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    The Organisation of the Petroleum Exporting Countries’ (Opec’s) secretary-general said oil prices as high as US$200 a barrel are possible if there’s a lack of investment in new supply. “If you don’t invest in oil and gas, you will see …

  • World Biz  |  JANUARY 26, 2015 9:35 PM

    Seagate’s quarterly revenue rises 4.8%

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    Hard drive maker Seagate Technology Plc’s quarterly revenue rose 4.8%, helped by higher demand for its cloud storage products. The net income attributable to Seagate rose to US$933 million (RM3.3 billion), or US$2.78 per share, in the second quarter ended on Jan 2 …

  • World Biz  |  JANUARY 26, 2015 9:30 PM

    SAP asks Apple to share hacker-fighting intelligence

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    SAP SE is trying to marshal business technology’s biggest suppliers to gather hacker-fighting intelligence following a spate of security problems with open-source software. The biggest maker of business applications has contacted companies including Microsoft Corp and Apple Inc about sharing …

  • Singapore  |  JANUARY 26, 2015 8:29 PM

    S’pore oilfield service firms struggle to refinance debt

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    Two Singapore oilfield service firms are finding it tough to refinance debt maturing later this year as the slump in crude prices has made investors and lenders hesitant, banking sources said. Ezra Holdings Ltd has a S$200 million (RM534.64 million) bond due September …

  • Corporate  |  JANUARY 26, 2015 8:16 PM

    Asean gets 97.2 mil international tourists in 2014

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    A total of 97.2 million international tourists visited the 10 Asean member states last year, posting a growth of 3% from 2013. The operationalisation of Asean Open Skies Agreements helped to maintain intra-Asean travel as the main source of tourism growth in the …

  • Enterprise  |  JANUARY 26, 2015 8:09 PM

    BOH produces limited Palas Supreme Tea for WEF

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    BOH Plantations Sdn Bhd has produced specially designed Palas Supreme tea canisters in conjunction with the 2015 World Economic Forum (WEF) Annual Meeting in Davos, Switzerland. The limited edition packaging was specially flown to Davos and presented as a special gift to participants …

  • Corporate, Featured and Exclusive, Property  |  JANUARY 26, 2015 7:55 PM

    Govt to build 6,000 homes under PPA1M Phase 2

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    The government will develop 6,000 more units of houses under the Putrajaya 1Malaysia Civil Servants Housing Programme (PPA1M) next month, said chief secretary to the government Ali Hamsa.

  • Corporate  |  JANUARY 26, 2015 7:42 PM

    CapitalMalls to buy Tropicana City Mall for RM540 mil

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    CapitaMalls Malaysia Trust is acquiring the Tropicana City Mall and Tropicana City Office Tower from Tropicana City Sdn Bhd for RM540 million. In a filing to Bursa Malaysia, CapitaMalls said the costs, including the acquisition fee, will be RM565 million. The acquisition will …

  • Singapore  |  JANUARY 26, 2015 7:30 PM

    Furniture vouchers case grips S’pore property market

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    Perks used by property firms in Singapore to entice buyers of luxury apartments are under scrutiny after a bank sued a developer for allegedly conspiring with borrowers to inflate about S$182 million (RM486.52 million) of home loans. With Singapore’s real …

  • Corporate  |  JANUARY 26, 2015 7:18 PM

    Miti expects halal exports surplus to exceed RM32 bil

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    The International Trade and Industry Ministry (Miti) expects total export surplus for the halal industry this year to exceed the RM32 billion achieved in 2013. Deputy Minister Hamim Samuri said there is massive untapped growth potential the global halal industry ‎which local Halal …

  • Property  |  JANUARY 26, 2015 7:12 PM

    Stalled Pulau Melaka project revived

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    The Pulau Melaka residential and commercial property project, which stalled in 1998, has been restored by Kejuruteraan Asas Jaya Sdn Bhd (KAJ) at the cost of RM64.5 million. Melaka Transport and Project Recovery Committee chairman Lim Ban Hong said Melaka Chief Minister Idris …

  • Corporate  |  JANUARY 26, 2015 7:03 PM

    Boustead Naval Shipyard recovers sunk KD Perantau

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    Boustead Heavy Industries Corporation Bhd (BHIC) today announced that the Royal Malaysian Navy (RMN) hydrographic survey vessel, KD Perantau, which sank last week, was raised above water and successfully transferred to the Synchrolift at the Boustead Naval Shipyard Sdn Bhd. With the recovery …