• Corporate & Featured and Exclusive  |  OCTOBER 21, 2014 6:10 PM

    EPF barred from voting in CIMB-led bank merger

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    Malaysian state pension fund Employees Provident Fund (EPF) will not be allowed by the nation's bourse to vote in the proposed merger of CIMB Group Holdings Bhd and two rivals as it is a major shareholder in all of the banks.

  • Commodities  |  OCTOBER 21, 2014 6:10 PM

    Rubber prices end higher

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    The Malaysian rubber market closed higher today despite the lower performance on the Tokyo Commodity Exchange (Tocom), a dealer said.

  • Markets  |  OCTOBER 21, 2014 6:07 PM

    KL shares close lower on selling pressure

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    Shares on Bursa Malaysia ended lower today on selling pressure ahead of the Deepavali holiday tomorrow, dealers said.

  • World Biz  |  OCTOBER 21, 2014 6:04 PM

    Tesco needs to spend RM15.8 bil for turnaround

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    Tesco Plc, the troubled UK grocery leader, needs to spend more than 3 billion pounds (RM15.8 billion) to turn around its fortunes, including slashing prices and improving food quality, HSBC Securities estimates.

  • Markets  |  OCTOBER 21, 2014 5:55 PM

    Ringgit closes higher against US dollar

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    The ringgit ended higher for the second consecutive day against the US dollar today following China's better than expected economic growth in the third quarter, a dealer said.

  • World Biz  |  OCTOBER 21, 2014 5:44 PM

    BOE’s Carney faces scrutiny on payment outage

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    Bank of England (BOE) governor Mark Carney is facing scrutiny on the management of Britain’s payments system after the biggest disruption in at least seven years, delayed bank transfers and house purchases.

  • Corporate  |  OCTOBER 21, 2014 5:41 PM

    Goldis takeover of IGB good to go after EGM vote

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    Shareholders overwhelmingly agreed to allow the board of directors to proceed with a takeover of IGB Corporation.

  • Commodities & Featured and Exclusive  |  OCTOBER 21, 2014 4:59 PM

    RON95 petrol price likely to stay at RM2.30 until June ’15

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    The price of RON95 petrol is likely to stay at RM2.30 a litre until June next year, said Deputy Finance Minister Ahmad Maslan.

  • Economy & Featured and Exclusive  |  OCTOBER 21, 2014 4:43 PM

    MIER expects GDP to moderate below 6%

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    The Malaysian Institute of Economic Research (MIER) expects Malaysia's gross domestic product (GDP) to moderate below 6% for the third quarter (Q3) due to the softening business conditions and higher import growth as compared to exports.

  • World Biz  |  OCTOBER 21, 2014 4:40 PM

    InterContinental’s revenue per room beats estimates

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    InterContinental Hotels Group Plc, the owner of the Holiday Inn and Crowne Plaza brands, reported revenue per room that beat analysts’ estimates, as its US outlets had their best quarterly performance in eight years.

  • World Biz  |  OCTOBER 21, 2014 4:28 PM

    ARM’s royalty growth rebounds in 3Q

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    ARM Holdings Plc, the chip designer whose products power more than 95% of smartphones, said royalty sales growth will accelerate this quarter on demand for new devices, such as Apple Inc’s iPhone 6.

  • OTHERS  |  OCTOBER 21, 2014 4:18 PM

    Are services the new manufactures?

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    PRINCETON – The global discussion about growth in the developing world has taken a sharp turn recently. The hype and excitement of recent years over the prospect of rapid catch-up with the advanced economies have evaporated. Few serious analysts still …

  • Commodities  |  OCTOBER 21, 2014 4:12 PM

    M’sia Q3 cocoa grinding falls 13.7% on slowing demand

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    Cocoa processing in Malaysia fell 13.7% from a year earlier to 61,428 tonnes in the third quarter, the Malaysian Cocoa Board said on Tuesday, reflecting slow demand and rising costs.

  • Corporate  |  OCTOBER 21, 2014 4:09 PM

    GE’s Predix to benefit M’sia O&G, says Mida

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    Predictivity (Predix) solutions offered by US industrial giant General Electric (GE) will benefit the Malaysian oil and gas (O&G) sector, in meeting the region's growing energy needs, Malaysian Investment Development Authority (Mida) deputy chief executive officer Phang Ah Tong said.

  • Opinion  |  OCTOBER 21, 2014 4:03 PM

    Mine your digital business

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    BOSTON – Nearly everyone has a digital footprint – the trail of so-called “passive data” that is produced when you engage in any online interaction, such as with branded content on social media, or perform any digital transaction, like purchasing …

  • Opinion  |  OCTOBER 21, 2014 3:55 PM

    The evolution of devolution

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    CAMBRIDGE – The Scots have spoken. A solid majority voted against independence in their historic referendum. But the debate left no question that an even larger majority favours the further devolution of economic, social, and political power in Britain. And …

  • Markets  |  OCTOBER 21, 2014 3:48 PM

    KL shares lower at mid-afternoon

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    Shares on Bursa Malaysia were lower at mid-afternoon as investors are squaring positions ahead of the Deepavali holiday tomorrow, dealers said.

  • Corporate & Featured and Exclusive  |  OCTOBER 21, 2014 3:43 PM

    RHB, CIMB, MBSB suspended

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    RHB Capital Bhd (RHB), Malaysia Building Society Bhd (MBSB) and CIMB Group Holdings Bhd (CIMB) have all three requested a suspension of trading on Bursa Malaysia from 2.30pm to the end of the trading day.

  • Corporate  |  OCTOBER 21, 2014 3:40 PM

    MAS starts ‘Make it Happen’ campaign

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    Malaysia Airlines (MAS) is offering irresistible all-inclusive fares for travel to domestic and international destinations under its "Make it Happen" campaign from Oct 20 to Nov 3, 2014.

  • Commodities, Economy, Featured and Exclusive  |  OCTOBER 21, 2014 3:40 PM

    Govt might introduce quota-based petrol subsidy

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    RHB Investment Bank Bhd Director and Regional Head of Equity Capital Markets Corporate and Investment Banking Services Gan Kim Khoon said the MyKad would be used for identification and a certain quota or quantity allocated to avoid abuse of the subsidy by the rich.