• World Biz  |  DECEMBER 22, 2014 4:17 PM

    Apple raises iPhone prices by 35% in Russia

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    An iPhone 6 with 16 gigabytes (GB) of memory now costs 53,990 roubles (RM2,875.20), Apple said today on its Russia website.

  • World Biz  |  DECEMBER 22, 2014 4:08 PM

    CIMB Thai provides financing for Laos Coca-Cola plant

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    CIMB Thai Bank will provide a 484 million baht (RM51.06 million) credit facility for the construction of ThaiNamthip Group's Lao Coca-Cola Bottling Co Ltd plant in Laos.

  • World Biz  |  DECEMBER 22, 2014 4:05 PM

    Airbus sues Skymark over cancelled A380 jet order

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    European aircraft maker Airbus Group NV is suing Skymark Airlines Inc in Britain, escalating a half-year spat over a cancelled jet order and complicating the efforts of Japan's third-biggest carrier to rebuild its finances.

  • Markets  |  DECEMBER 22, 2014 3:50 PM

    KL shares up at mid-afternoon

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    Share prices on Bursa Malaysia were higher at mid-afternoon today supported by buying interests in selected blue chips and key heavyweights, dealers said.

  • World Biz  |  DECEMBER 22, 2014 3:45 PM

    Airbus to fly back on course with A350 XWB

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    10 years ago, the boss of Qatar Airways, who takes his first new A350 jet this week, warned Airbus it was flying off course.

  • Corporate & Property  |  DECEMBER 22, 2014 3:41 PM

    Bina Puri secures additional Sabah development contracts

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    Another additional works for major development in the state of Sabah valued at RM64.99 million has landed on the lap of Bina Puri Holdings Bhd, closing the year 2014 with its unbuilt book order stands at RM2.01 billion to date.

  • Featured and Exclusive & Opinion  |  DECEMBER 22, 2014 3:32 PM

    Central bankers weren’t meant to be heroes

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    The US recovery is starting to look halfway respectable. Europe's economies, meanwhile, face the risk of a third recession in seven years. There's a lesson in that contrast: Good economic policy means never having to ask your central bank to be a hero.

  • Corporate & World Biz  |  DECEMBER 22, 2014 3:14 PM

    Taiwan says Uber operating without a license

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    Taiwan's transport ministry said Uber Technologies Inc is operating a taxi-hailing service "in violation of the law", and that it is investigating the possibility of blocking access to the US company's website and mobile app.

  • Corporate  |  DECEMBER 22, 2014 3:13 PM

    M’sia Nov vehicle sales increase to 55,313 units

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    Sales of passenger and commercial vehicles in November 2014 increased to 55,313 units from 52,252 units in the same period last year, said the Malaysian Automotive Association (MAA).

  • World Biz  |  DECEMBER 22, 2014 3:06 PM

    China eases rules on foreign bank branch openings

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    Under the new rules, which amend regulations announced in 2006, banks are no longer required to establish a Chinese representative office before they set up branches, joint ventures or wholly foreign-owned lenders, according to the statement.

  • Markets & World Biz  |  DECEMBER 22, 2014 3:02 PM

    Foreign IPO values on HK bourse falling since 2011

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    As Hong Kong wraps up its best year for initial public offerings since 2010, the city’s bourse is notching up a less flattering milestone: listings of overseas companies have almost evaporated.

  • World Biz  |  DECEMBER 22, 2014 2:50 PM

    Alibaba’s millionaires fuel startup boom in China

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    The company’s US$25 billion (RM86.9 billion) initial public offering (IPO) had made many of them wealthy and he urged them to start businesses that would be meaningful in the long term.

  • Corporate  |  DECEMBER 22, 2014 2:48 PM

    Salcon Engineering wins RM470 mil sub-contract job

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    Salcon Engineering Bhd, a wholly-owned unit of Salcon Bhd, and Loh & Loh Constructions Sdn Bhd, had received the letter of acceptance from MMC Corp Bhd for the RM470 million centralised sewage treatment plant sub-contract works.

  • Corporate  |  DECEMBER 22, 2014 2:36 PM

    Former Rapid KL head of operations to lead Prasarana

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    The former Head of Rapid KL rail operations, Azmi bin Abdul Aziz, will return to Prasarana Malaysia Bhd (Prasarana) as Group Managing Director, effective Jan 1, 2015.

  • Commodities  |  DECEMBER 22, 2014 2:19 PM

    Palm export tax waiver extended to cut reserves

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    Palm oil exports from Malaysia, the world’s largest producer after Indonesia, will remain duty-free for a sixth month, as the government seeks to boost shipments and reduce inventories to support prices.

  • Commodities  |  DECEMBER 22, 2014 2:10 PM

    Australia cuts iron ore price outlook by 33%

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    Prices will average US$63 (RM218.93) a metric tonne, the Industry Ministry said today. That compares with US$94 a tonne forecasted in September by the Resources and Energy Economics Bureau, which is now part of the department.

  • Property  |  DECEMBER 22, 2014 1:55 PM

    ‘Clarification needed on Anti-Profiteering Act, GST’

    Story by

    Investors and developers in the property industry markets are seeking further clarification from the government on implementation of the Anti-Profiteering Act 2011, alongside the Goods and Services Tax (GST), to control prices of items.

  • World Biz  |  DECEMBER 22, 2014 1:46 PM

    Oil slump erases RM40.7 bil from private equity firms

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    Oil’s plunge makes energy a great investment for the coming years, according to Blackstone Group LP’s Stephen Schwarzman and Carlyle Group LP’s David Rubenstein. For private equity firms, it’s also been painful.

  • Commodities  |  DECEMBER 22, 2014 1:26 PM

    KLTM ends US$50 higher to US$19,150 a tonne

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    The Kuala Lumpur Tin Market (KLTM) closed US$50 higher at US$19,150 a tonne today, following the rebound in the metal price on the London Metal Exchange (LME), a dealer said.

  • Economy  |  DECEMBER 22, 2014 1:23 PM

    BNM’s OPR unchanged in 2015, say research firms

    Story by

    Two research firms have projected that the Overnight Policy Rate (OPR) will be kept unchanged at 3.25% throughout 2015.