• World Biz  |  DECEMBER 21, 2014 9:12 PM

    Yuan to stay basically stable despite fluctuations

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    China’s yuan, or renminbi, will stay basically stable despite fluctuations, state radio cited the deputy chief of China’s central bank as saying on Sunday. The yuan has been under pressure in the past month due to increased year-end dollar demand by some firms …

  • World Biz  |  DECEMBER 21, 2014 6:10 PM

    UAE urges all world’s oil producers not to raise output

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    The United Arab Emirates oil minister urged all of the world’s producers on Sunday not to raise their oil output next year, saying this would quickly stabilise prices. “We invite everyone to do what OPEC did and take a step to balance the market …

  • OTHERS  |  DECEMBER 21, 2014 9:38 AM

    Luc Coene supports government bond purchases

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    The European Central Bank should start buying government bonds to tackle poor investor confidence and low inflation in the euro zone, governing council member Luc Coene said in an interview published on Saturday. The Belgian central bank chief said the bank had already waited …

  • World Biz  |  DECEMBER 21, 2014 9:30 AM

    Idemitsu in talks to buy Showa Shell for US$4.2 bil

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    Oil refiner Idemitsu Kosan Co is in talks to acquire a smaller rival, Showa Shell Sekiyu, for US$4.2 billion in a deal that could create Japan’s second largest player in the domestic gasoline market, a person with knowledge of the issue said. Idemitsu and …

  • World Biz  |  DECEMBER 20, 2014 9:45 PM

    Constancio sees negative inflation rate in months ahead

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    European Central Bank Vice President Vitor Constancio said in a magazine interview he expected the euro zone inflation rate to turn negative in the coming months but that if this was just a temporary phenomenon, he did not see a risk of deflation. Annual …

  • World Biz  |  DECEMBER 20, 2014 2:39 PM

    Oil surges 5% as bears take profits seeing US$60 floor

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    Oil closed up as much as 5% on Friday, its biggest gain in over two years, as some traders took profits on short positions after prices this week hit their lowest since 2009. A sharp bout of short-covering prior to expiry of …

  • World Biz  |  DECEMBER 20, 2014 2:11 PM

    Equities extend rally; oil rebounds, helping rouble rise

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    Equity markets worldwide extended the week’s rally on Friday and oil prices rebounded from recent lows, as investors closed out the last full week of trading in 2014 on an upbeat note. Wall Street rose, and the S&P 500 came within a few …

  • Commodities  |  DECEMBER 20, 2014 2:03 PM

    Tin price to follow LME’s movement

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    Tin price on the Kuala Lumpur Tin Market (KLTM) next week will closely track the performance of the London Metal Exchange (LME), which is currently erratic, a trader said. “London is very uncertain now. We can only hope for further improvement in London …

  • Commodities  |  DECEMBER 20, 2014 1:59 PM

    Rubber market to be quiet in the absence of traders

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    The Malaysian rubber market is expected to be quiet next week in the absence of traders during the Christmas holiday, a dealer said. He said the market would be closed on Christmas Dy and was likely to be quiet until the end of …

  • Commodities  |  DECEMBER 20, 2014 1:47 PM

    Gold futures prices to be above RM130 a gramme

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    Gold futures prices on Bursa Malaysia Derivatives are expected to be steadied above RM130 a gramme as the Federal Reserve’s patience in boosting interest rate would allow the market to rebound. Phillip Futures Sdn Bhd dealer Ong Su Ling said the US …

  • Finance  |  DECEMBER 20, 2014 12:50 PM

    Ringgit likely to trade between 3.45 and 3.50 against USD

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    The ringgit is likely to trade in the range between 3.45 and 3.50 level against the US dollar next week in the face of weaker crude oil prices, a dealer said. He said the US Federal Reserve’s (Fed) position not to raise …

  • Markets  |  DECEMBER 20, 2014 12:47 PM

    KL Shares set to stage further rebound

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    Shares on Bursa Malaysia are likely to stage a further rebound next week, driven by a dovish US Federal Open Market Committee (FOMC) statement and positive global economic data. Affin Hwang Investment Bank vice-president and head of retail research Nazri Khan Adam …

  • Corporate  |  DECEMBER 20, 2014 10:06 AM

    Former TNB chief Ani Arope dies at 83

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    Ani Arope, 83, passed away today at 5.20am while undergoing treatment at the Sime Darby Ramsay Medical Centre in Subang Jaya. The former chief executive officer of Tenaga Nasional Berhad (TNB) had been fighting a battle against prostate cancer over …

  • Editor's Picks & Featured and Exclusive  |  DECEMBER 20, 2014 10:01 AM

    In a year’s time, what happens to 6P foreign workers?

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

  • World Biz  |  DECEMBER 19, 2014 11:33 PM

    Instagram worth RM121 bil, says Citi

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    Instagram, the photo-sharing app owned by Facebook Inc (FB), is probably worth US$35 billion (RM121.3 billion), almost double its previous valuation, according to an analyst.

  • Economy  |  DECEMBER 19, 2014 11:22 PM

    Indonesia to introduce float pricing on fuel

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    Indonesia will change its domestic subsidised fuel pricing system to floating prices with the government still subsidising prices at a fixed amount per litre, effective Jan 1, 2015, the chief economics minister told Reuters on Friday.

  • Corporate & Featured and Exclusive  |  DECEMBER 19, 2014 11:04 PM

    Survey shows employers give priority to locals

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    A survey conducted by the Malaysian Employers' Federation (MEF) showed that a vast majority of respondents give priority to local workers before applying to recruit foreign workers.

  • Enterprise & Featured and Exclusive  |  DECEMBER 19, 2014 10:42 PM

    4-car monorail begins operation tomorrow

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    Two of the new four-car Malaysian-made monorail trains will go into service tomorrow, marking a new era in the history of the Rapid KL rail service.

  • Corporate & Featured and Exclusive  |  DECEMBER 19, 2014 10:31 PM

    Healthcare cost to rise 1%-2% on GST, says Customs

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    He said the report that stated that the cost of healthcare service would rise by 5% with the implementation of the GST is untrue.

  • Commodities & Featured and Exclusive  |  DECEMBER 19, 2014 10:19 PM

    CPO export tax exempted till Feb 28, says Uggah

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    The government is exempting the 4.5% export tax on crude palm oil (CPO) from Sept 1, 2014 until Feb 28, 2015 to boost CPO exports and reduce inventories, says Plantation Industries and Commodities Minister Douglas Uggah Embas.