• Markets  |  SEPTEMBER 22, 2014 6:03 PM

    KL shares ends lower in tandem with regional bourses

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    Shares in Bursa Malaysia finished lower today in tandem with regional bourses with the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) 3.44 points easier.

  • World Biz  |  SEPTEMBER 22, 2014 6:01 PM

    Line messaging app won’t seek overseas IPO this year

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    South Korean search portal Naver Corp. said it won’t take its popular Line mobile messaging service public this year. Line Corp., which makes money by asking smartphone users of its app to pay for teddy bear icons and games, was …

  • Corporate & Featured and Exclusive  |  SEPTEMBER 22, 2014 5:59 PM

    River of Life to recoup investment with land sales

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    RM4 billion project to clean and beautify the Klang River will recoup project cost through open tender land sales, says a Pemandu director.

  • World Biz  |  SEPTEMBER 22, 2014 5:35 PM

    Google selects HTC to make its new Nexus tablet

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    The Wall Street Journal reports that Google Inc has selected HTC Corp to make its upcoming 9-inch Nexus tablet.

  • Corporate  |  SEPTEMBER 22, 2014 5:14 PM

    SSM denies appointing agent to collect additional GST fees

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    Companies Commission of Malaysia (SSM) has denied that it had appointed an agent or an individual to collect an additional fee in preparation for the Goods and Services Tax (GST) on its behalf.

  • Corporate  |  SEPTEMBER 22, 2014 5:01 PM

    Shapadu defers RM300 mil IPO submission until 1Q2015

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    Shapadu Corp Sdn Bhd has deferred its paperwork submission to the Securities Commission Malaysia for an initial public offering (IPO) of its oil and gas (O&G) business by the first quarter of next year (1Q2015) from the third quarter of this year.

  • Featured and Exclusive & World Biz  |  SEPTEMBER 22, 2014 4:42 PM

    Tesco starts probe into RM1.3 bil overstated expected profit

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    Tesco Plc started a probe into its accounting practices after the UK’s biggest grocer overstated profit guidance for the first half, the latest setback as it struggles with falling profit and management changes.

  • Corporate & Property  |  SEPTEMBER 22, 2014 4:30 PM

    L&G plans develeopment in Klang Valley, JB and Penang

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    Land and General Bhd (L&G), with current cash in hand of RM300 million and gearing ratio of 0.17, is exploring opportunities to acquire new pieces of land.

  • Opinion  |  SEPTEMBER 22, 2014 4:23 PM

    The people’s corporations

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    LONDON – Two big power shifts are occurring around the world today. First, corporate power is growing relative to that of governments. Second, ordinary people are also gaining greater influence. What does it mean that these seemingly contradictory shifts are …

  • World Biz  |  SEPTEMBER 22, 2014 4:18 PM

    Nissan and Dongfeng form joint venture

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    Nissan Motor Co formed a joint venture with Dongfeng Motor Corp in China dedicated to producing premium Infiniti vehicles in the world’s biggest automobile market.

  • Corporate  |  SEPTEMBER 22, 2014 4:18 PM

    AIMS Group 2Q14 earnings grow 11% to RM15.97 mil

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    AIMS Group recently announced that its 2014 second quarter earnings grew 11% to RM15.97 million from RM14.3 million in 2013.

  • Corporate  |  SEPTEMBER 22, 2014 4:04 PM

    Tabung Haji denies making any investments in the US

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    Lembaga Tabung Haji (TH) today deniees that it has made an investment in the United States.

  • World Biz  |  SEPTEMBER 22, 2014 4:02 PM

    Google selects HTC for upcoming Nexus tablet

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    Google Inc has selected HTC Corp to make its upcoming 9-inch Nexus tablet, the Wall Street Journal reported, citing people familiar with the matter. Google had been mulling HTC as a potential Nexus tablet partner since last year and HTC …

  • Corporate & Markets  |  SEPTEMBER 22, 2014 3:45 PM

    Iris Corp shares rise 6.25% after winning TRS contract

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    Iris Corp Bhd's stock increased 6.25%, or 2.5 sen, after it bagged a RM155 million contract from the Royal Malaysian Customs Department to develop the Tax Refundable Scheme (TRS) software.

  • Corporate & Markets  |  SEPTEMBER 22, 2014 3:42 PM

    Alliance DBS maintains “hold” call on Astro

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    Astro Malaysia Holdings Bhd's shares rose 2.0 sen in the morning session after releasing better results for the second quarter ended July 31, 2014 on Friday.

  • Featured and Exclusive, Finance, World Biz  |  SEPTEMBER 22, 2014 3:40 PM

    China to reduce bankers’ ‘unreasonably high’ salaries

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    President Xi Jinping’s government said in August that it will reduce salaries for executives at state-owned companies because “unreasonably high” incomes have become a source of public discontent.

  • Markets  |  SEPTEMBER 22, 2014 3:31 PM

    KL shares lower at mid-afternoon

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    Shares on Bursa Malaysia were lower at mid-afternoon today, with the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) 2.68 points easier.

  • Corporate  |  SEPTEMBER 22, 2014 3:23 PM

    MPs laud Khazanah’s special centre for redundant staff

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    The plan by Khazanah Nasional to set up a special centre to provide ‘outplacement support’ for some 6,000 Malaysia Airlines (MAS) staff who will be made redundant as part of the airline’s restructuring has been lauded by three Members of …

  • World Biz  |  SEPTEMBER 22, 2014 2:57 PM

    Prada slumps after profit decline, forecast for weak 2H

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    Prada SpA fell the most in more than three months after reporting first-half profit declined on weak demand in Asia and Europe and forecast similar conditions for the rest of the year. The Milan-based maker of shoes and handbags fell …

  • World Biz  |  SEPTEMBER 22, 2014 2:48 PM

    EBay bulls at record high as Apple pay threat subsides

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    Concern that Apple Pay will hurt EBay Inc.’s business has been overblown and the shares are poised to rally, options trading suggests. EBay shares are down 6.8% since late August, when a selloff began as Apple Inc. prepared to unveil …