• Finance  |  SEPTEMBER 20, 2014 9:17 PM

    Ringgit to weaken between 3.20 and 3.25

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    The ringgit is likely to be slightly weaker next week at between 3.20 and 3.25 against the US dollar, as investors react to the monetary policy meeting outcomes of Bank Negara Malaysia (BNM) and the US Federal Reserve System (Fed). Hong Leong Bank …

  • Commodities  |  SEPTEMBER 20, 2014 9:03 PM

    Gold futures to trade sideways; US economy normalises

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    Gold futures contracts on Bursa Malaysia Derivatives are expected to trade sideways next week as the US economy normalises while the effect of Scotland’s separation results hog the limelight, a dealer said. Phillip Futures Sdn Bhd dealer, Ahmad Danial Zainudin, said gold prices would …

  • Corporate & Featured and Exclusive  |  SEPTEMBER 20, 2014 10:30 AM

    Surprise! Here’s your new MB, Selangor

    Here are some of our best stories this week — news, analyses and comments you won’t find anywhere else.

  • Commodities  |  SEPTEMBER 20, 2014 8:01 AM

    US crude falls on worries about glut, Brent gains

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    US crude oil and Brent traded in opposite directions on Friday as a sell-off ahead of Monday’s expiration kept US prices down, while discussions of OPEC cutting output put strength into the market overseas. With the two crudes trading lower in the morning, analysts and …

  • Markets  |  SEPTEMBER 20, 2014 7:49 AM

    Shares end flat, closing out strong week

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    Stock markets around the world closed flat on Friday as early gains failed to hold through the session, though the upward trend in equities continued and Alibaba soared in its historic US trading debut. Alibaba Group, one of the biggest IPOs ever, ended up 38% at US$93.89 …

  • Commodities & World Biz  |  SEPTEMBER 19, 2014 9:51 PM

    Thailand aims to resolve rubber problems in 2-3 years

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    Thailand, one of three largest rubber producers in the world, is looking to resolve the issues of high rubber stockpile and low prices within 2-3 years. “I think it will take 2-3 years to resolve all the rubber problems because …

  • Corporate  |  SEPTEMBER 19, 2014 9:47 PM

    Affin to buy 100% of Asian Islamic Investment Mgmt

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    Affin Holdings Bhd today announced that its unit, Affin Hwang Asset Management Bhd (Affin Hwang AM) is acquiring a 51% interest in Asian Islamic Investment Management Sdn Bhd (AIIM) from Nikko Asset Management Asia Ltd for RM11.73 million in cash. …

  • Property  |  SEPTEMBER 19, 2014 9:43 PM

    Rehda: Provide flexible loan to first-time house buyer

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    The Penang branch of the Real Estate and Housing Developers Association (Rehda) has requested the government to help first time home buyers by providing a housing loan scheme that offers flexibility. Its chairman, Jerry Chan Fook Sing said a long-term …

  • Corporate  |  SEPTEMBER 19, 2014 9:36 PM

    Mydin expects product prices to decline after GST

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    The prices of hypermarket products will decline two months after the implementation of the Goods and Services Tax (GST) on April 1, 2015. Mydin Holding Bhd’s managing director, Ameer Mydin, said for the first two months the hypermarkets would still …

  • World Biz  |  SEPTEMBER 19, 2014 9:18 PM

    Siemens to prepare RM21 bil offer for Dresser-Rand

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    Siemens AG is preparing to offer more than US$6.5 billion for Dresser-Rand Group Inc. as Europe’s largest engineering company looks to scupper a competing plan by Sulzer AG to merge with the US oil-and-gas equipment maker, according to people familiar …

  • Corporate & Featured and Exclusive  |  SEPTEMBER 19, 2014 9:01 PM

    Sunway to list construction arm by 2Q15

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    Malaysian property developer Sunway Bhd is looking to list its construction arm on the Malaysian bourse by the second quarter of 2015, according to a stock exchange filing on Friday. The spin off and proposed listing on the main market …

  • Corporate  |  SEPTEMBER 19, 2014 8:46 PM

    BToto pre-tax profit down to RM120.69 mil in 1Q15

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    Berjaya Sports Toto Bhd’s (Btoto) pre-tax profit for the first quarter ended July 31, 2014 fell 18.7 per cent to RM120.69 million from RM148.37 million in the corresponding quarter last year. Its revenue increased by 40.2% to RM1.24 billion from …

  • Commodities  |  SEPTEMBER 19, 2014 8:40 PM

    CPO prices end lower on weak demand

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    Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed lower today due to weak buying interest for the commodity, a dealer said. Phillip Futures Sdn Bhd derivative product specialist, David Ng, told Bernama that the market was dragged …

  • Launches  |  SEPTEMBER 19, 2014 7:23 PM

    Samsung launches Galaxy Alpha

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    Samsung Malaysia Electronics unveiled its latest smartphone the Galaxy Alpha at its Samsung’s Experience Store at The Gardens today. “The Galaxy Alpha was built and designed based on the specific desires of the consumer market,” said Lee Dong Yong the …

  • Corporate & Featured and Exclusive  |  SEPTEMBER 19, 2014 7:22 PM

    TM to upgrade 120,000 ports under HSBB phase two

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    [email protected]

    Telekom Malaysia Bhd will upgrade 120,000 of its ports by the first or second quarter of next year in order to enable broadband speeds of up to 100 megabits per second (Mbps), an official from the Malaysian Communications and Multimedia …

  • Featured and Exclusive & World Biz  |  SEPTEMBER 19, 2014 6:38 PM

    ‘Sony debt worth buying’

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    Sony Corp may reward investors if they wait to buy its bonds after an expected ratings downgrade, according to BNP Paribas SA.

  • Markets  |  SEPTEMBER 19, 2014 6:34 PM

    KL shares end higher in line with upbeat Wall Street

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    Bursa Malaysia ended higher today with the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) closing 4.17 points or 0.23% better at 1,849.49.

  • World Biz  |  SEPTEMBER 19, 2014 6:04 PM

    Maersk meets with Chinese authorities on alliance plans

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    Maersk Line's chief executive has paid visits to Chinese authorities about its planned vessel sharing alliance with Switzerland's Mediterranean Shipping Co.

  • World Biz  |  SEPTEMBER 19, 2014 5:59 PM

    Netflix looking for telecoms partners in Belgium -report

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    US video streaming service Netflix is in talks with cable and telecoms groups to distribute its content in Belgium, Belgian media reported on Friday, the day the company launched its on demand service in the country. Netflix is talking with …

  • Corporate  |  SEPTEMBER 19, 2014 5:55 PM

    Carimin Petroleum plans IPO in November

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    [email protected]

    Carimin Petroleum Bhd today signed an underwriting agreement with M&A Securities Sdn Bhd its adviser, underwriter and placement agent in conjunction with its proposed listing on Bursa Malaysia Securities’ main market. Managing director Mokhtar Hashim and non-independent non-executive chairman Kamaruzzaman …