• World Biz  |  OCTOBER 1, 2014 10:09 PM

    Coca-Cola amends equity plan to minimize dilution

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    Coca-Cola Co, under pressure from an activist investor, said it had adopted new guidelines under its 2014 equity plan that will extend the number of years shares will last under the plan by using fewer shares each year. The company …

  • World Biz  |  OCTOBER 1, 2014 9:57 PM

    IMF urges more oversight of shadow banking system

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    The International Monetary Fund urged regulators to pay closer attention to a shadow banking system that has grown to as much as US$60 trillion (RM196.7 trillion) worldwide to help prevent risks from building outside the bounds of traditional financial oversight. …

  • World Biz  |  OCTOBER 1, 2014 9:37 PM

    Ford to add 1,000 jobs at Oakville plant in Canada

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    Ford Motor Co will add 1,000 jobs in Canada at its Oakville Assembly, which will produce the 2015 Ford Edge crossover utility vehicle, the company said on Wednesday. With the new hires, more than 4,000 people will work at Oakville …

  • Economy  |  OCTOBER 1, 2014 8:49 PM

    Britain’s Conservative Party pledges to cut corporate tax

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    Prime Minister David Cameron promised Wednesday to enact the lowest company tax rates in the developed world if his Conservative Party is re-elected next year. Cameron added he would raise the threshold at which 40% income tax kicks in, from …

  • Economy  |  OCTOBER 1, 2014 8:31 PM

    Thailand to spend RM36 bil to spur economic growth

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    Thailand’s cabinet approved a 364.5 baht (RM36 billion) budget for the remainder of the year to create jobs and boost incomes to spur economic growth, even as the central bank said a broad-based recovery hasn’t taken hold. Of the budget, …

  • Corporate & Enterprise  |  OCTOBER 1, 2014 8:06 PM

    Matrade, Alibaba launch e-Trade programme

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    The Malaysia External Trade Development Corporation (Matrade) aims to get 2,625 small and medium enterprises (SMEs) to sign up this year for its newly launched e-Trade programme with Chinese online retail giant Alibaba.

  • Commodities  |  OCTOBER 1, 2014 7:57 PM

    CPO futures close lower

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    Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives erased yesterday’s gains to close lower today, tracking the losses on the Chicago soyabean market over concerns of a large crop. On another note, Phillip Futures Sdn Bhd derivative products …

  • Corporate  |  OCTOBER 1, 2014 7:50 PM

    Microsoft to transform M’sian businesses with open source

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    Microsoft Malaysia reaffirmed its commitment to transforming businesses and working with the open source community in Malaysia by participating and sponsoring the annual Malaysia Open Source Conference 2014 (MOSCMY 2014). Held at Menara Suruhanjaya Syarikat Malaysia in Kuala Lumpur, the …

  • Corporate  |  OCTOBER 1, 2014 7:48 PM

    Maybank ventures into the final frontier

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    Malayan Banking Bhd (Maybank) said today that it has received a foreign banking license to open a branch office in Myanmar from the country’s central bank, making it one of nine banks to have been granted similar licenses in South East Asia’s last closed economy.

  • Corporate & Featured and Exclusive  |  OCTOBER 1, 2014 6:45 PM

    Ron 95, diesel to go up 20 sen at midnight

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    Another fuel hike is in store, with the RON 95 petrol and diesel prices slated to increase by 20 sen at the stroke of midnight. This was announced by the Domestic Trade, Consumer Affairs and Cooperatives Ministry this evening. To …

  • World Biz  |  OCTOBER 1, 2014 6:31 PM

    Samsung to invest RM1.8 bil in Vietnam TV production plant

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    South Korea’s Samsung Electronics Co Ltd said on Wednesday that it will invest US$560 million (RM1.8 billion) to build a consumer appliances production complex in Vietnam, its latest move to build manufacturing capacity in the country. Samsung, the world’s largest …

  • Commodities & Corporate  |  OCTOBER 1, 2014 6:30 PM

    New Indonesian law brings relief to planters

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    While the grave implications of a shareholding cap on foreign ownership of plantations in Indonesia have passed for now, the risk remains a cloud over multinational planters’ head. The bill, which was passed end-September according to Reuters, went through without …

  • Corporate & Economy  |  OCTOBER 1, 2014 6:26 PM

    GST registration a hassle for small enterprises

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    With the implementation of the goods and services tax (GST) looming, the government wants all companies with a business turnover of RM500,000 or more a year to register with the Royal Malaysian Customs Department by the end of this year. …

  • Corporate & Featured and Exclusive  |  OCTOBER 1, 2014 6:21 PM

    1MDB claims to have another month to submit accounts

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    The strategic investment fund has claimed it has until end-October to lodge its accounts with the authorities, one month more than initially thought.

  • World Biz  |  OCTOBER 1, 2014 6:18 PM

    European acquirers announce RM285 bil US deal

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    European companies are snapping up US targets at the fastest pace since 2008 as they use cheap financing and record cash levels to seek growth outside of the continent. From German drugmaker Merck KGaA to British American Tobacco Plc, European …

  • Commodities  |  OCTOBER 1, 2014 6:08 PM

    Rubber prices close lower

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    Malaysian rubber prices closed lower today following a negative sentiment from the futures market and a steep drop in crude oil prices, a dealer said.

  • Markets  |  OCTOBER 1, 2014 6:05 PM

    Ringgit closes higher against US dollar

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    The ringgit closed higher against the US dollar today supported by some interventions from Bank Negara to control further sell-off, said a dealer.

  • Markets  |  OCTOBER 1, 2014 6:00 PM

    KL shares end lower on profit-taking

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    Share prices on Bursa Malaysia ended lower today on profit-taking following the weak regional sentiment after losses on Wall Street overnight.

  • Corporate  |  OCTOBER 1, 2014 5:56 PM

    Prasarana announces leadership portfolio swap

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    Prasarana Malaysia Bhd today announced changes in its senior leadership team with the swapping of portfolios of two Group Directors effective today.

  • Corporate  |  OCTOBER 1, 2014 5:37 PM

    ABB to supply power technology to Bumi Armada

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    ABB Ltd has been selected by Bumi Armada Bhd’s subsidiary, Armada Kraken Pte Ltd, to deliver power and automation solutions for the latter’s floating, production, storage and offloading vessel (FSPO) destined for the Kraken oil field in the United Kingdom …