• Corporate & Featured and Exclusive  |  JULY 25, 2014 12:06 AM

    Watchdog body: Felda cannot withhold dividends

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    Felda Global Ventures Holdings Bhd (FGV) cannot pick and chose which settlers are to receive dividends because Malaysian company law ensures that all shareholders must be treated the same, Rita Benoy Bushon of the Minority Shareholder Watchdog Group (MSWG) said. …

  • Economy  |  JULY 24, 2014 11:27 PM

    UK to auction RM1.08 mil renewable power projects

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    The UK said renewable-power projects will compete for guaranteed payments worth more than GBP200 million (RM1.08 million) a year as part of its first auction of contracts to spur low-carbon electricity. The auction of so-called contracts-for-difference will take place in …

  • World Biz  |  JULY 24, 2014 10:37 PM

    Caterpillar sees no sign of mining upturn

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    Caterpillar Inc., the largest maker of mining machinery, forecast full-year sales and earnings that fell short of analysts’ estimates as it said there’s no sign of an upturn in the industry in 2014. Profit excluding restructuring costs will be US$6.20 …

  • Corporate & Featured and Exclusive  |  JULY 24, 2014 10:29 PM

    Maybank’s BII posts 51% dip in profit on loan growth

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    Bank Internasional Indonesia today reported a net profit after tax and minority interest of 335 billion rupiah (RM91.4 million) for the first half of 2014

  • World Biz  |  JULY 24, 2014 10:26 PM

    AT&T earnings miss estimates amid shift to phone financing

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    AT&T Inc., the second-largest US wireless carrier, fell short of earnings estimates as more customers started paying for devices with installment plans, an option that’s reducing profits as it cuts monthly service bills. Second-quarter profit of 62 cents a share, …

  • Opinion  |  JULY 24, 2014 10:24 PM

    The trade delusion

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    LONDON – Since 2008, global trade has grown slightly more slowly than global GDP. The Doha Round of World Trade Organization negotiations ended in failure. Transatlantic and transpacific trade negotiations are progressing slowly, held back by the resistance of special …

  • World Biz  |  JULY 24, 2014 10:17 PM

    KKR quadruples 2Q profit as brewery leads exits

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    KKR & Co., the private-equity firm led by billionaires Henry Kravis and George Roberts, said second-quarter profit more than quadrupled as it earned the most money from selling holdings in at least four years. Economic net income after taxes and …

  • Corporate  |  JULY 24, 2014 10:06 PM

    AirAsia India appoints cargo agent, adds 2 destinations

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    AirAsia India has appointed Globe Air Cargo India, part of the ECS Group, as its cargo general sales and services agent. “AirAsia India is immensely happy to associate with Globe Air Cargo India of the ECS Group is known for …

  • Opinion  |  JULY 24, 2014 10:05 PM

    The inverted world of mobile capital

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    BERKELEY – A growing number of American companies are seeking to move their legal headquarters abroad by acquiring or merging with foreign companies. In the latest case, Medtronic plans to acquire Irish-based Covidien, a much smaller company spun off by …

  • World Biz  |  JULY 24, 2014 9:55 PM

    Facebook shares surge to record

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    Mark Zuckerberg is staring down naysayers who hammered Facebook Inc.’s stock after its debut two years ago, as shares surged to a record today. Facebook rose as much as 6.7% to US$76.03 at the open in New York, topping the previous intraday high …

  • World Biz  |  JULY 24, 2014 9:42 PM

    American Airlines declares 1st dividend since 1980

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    American Airlines Group Inc said on Thursday it will pay its first dividend since 1980 and buy back stock as it reported higher second-quarter earnings. American, the largest airline by traffic, formed from the late-2013 merger of US Airways and …

  • Featured and Exclusive & World Biz  |  JULY 24, 2014 9:39 PM

    Missing Air Algerie plane has crashed

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    Authorities have lost contact with an Air Algerie flight en route from Ouagadougou in Burkina Faso to Algiers with 110 passengers on board, Algeria's APS state news agency and a Spanish airline company said on Thursday.

  • World Biz  |  JULY 24, 2014 9:30 PM

    Wal-Mart promotes Asia chief to head of US division

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    Wal-Mart Stores Inc., the world’s biggest retail chain, named Greg Foran chief executive officer of its US division after he served less than two months as head of the company’s Asia operations. Foran, 53, will replace Bill Simon in the …

  • Corporate  |  JULY 24, 2014 9:23 PM

    MAHB to convert LCCT into cargo warehouse

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    Malaysia Airports Holdings Bhd (MAHB) is in the midst of studying plans to convert the Low-Cost Carrier Terminal (LCCT) into a cargo warehouse, said Chief Financial Officer, Faizal Mansor. “The LCCT is located at the cargo warehousing area. When the …

  • Corporate  |  JULY 24, 2014 9:20 PM

    Gadang posts 4Q pre-tax profit of RM12.91 mil

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    Gadang Holdings Bhd’s pre-tax profit for the fourth quarter (4Q) ended May 31, 2014 rose to RM12.91 million from RM5.92 million in the same period last year. Revenue also increased to RM138.75 million from RM97.32 million previously, it said in …

  • Commodities  |  JULY 24, 2014 9:03 PM

    CPO prices rebound on stronger soybean market

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    Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives rebounded today, propped up by a stronger soybean market, a dealer said. Phillip Futures Sdn Bhd Derivative Product Specialist, David Ng said the CPO recovered from yesterday’s almost a year …

  • Issues  |  JULY 24, 2014 9:00 PM

    Where to now?

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    In this final part of the Mamee-Double Decker series, KiniBiz takes a look at the direction the company will take in the years to come.

  • World Biz  |  JULY 24, 2014 8:49 PM

    MasterCard helps fuel takeovers

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    MasterCard Inc. and Vantiv Inc. are among payment processors helping fuel a surge in deals this year as they vie to stay ahead of emerging technologies and expand globally. The first six months saw 125 pending and completed deals in …

  • Corporate  |  JULY 24, 2014 8:45 PM

    UEM Sunrise appoints new CEO and managing director

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    UEM Sunrise Bhd has appointed Anwar Syahrin Abdul Ajib as its new Managing Director and Chief Executive Officer, effective Sept 1, 2014.

  • World Biz  |  JULY 24, 2014 8:40 PM

    Ford profit tops estimates as Europe delivers surprise gain

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    Ford Motor Co., the second-largest US automaker, posted profit that topped analysts’ estimates as sales in China increased and the company reported its first profit in Europe in three years. Ford reported its 21st consecutive profitable period, with net income …