• World Biz  |  APRIL 16, 2014 3:16 PM

    Small is beautiful for Coca-Cola as volumes soar in China

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    Strong sales volume growth in China helped The Coca-Cola Co beat quarterly revenue estimates as lower-priced, smaller soda bottles and juices attracted more price and health-conscious shoppers in the world’s second largest economy. Case volumes in China rose 12% in the first quarter of the …

  • Corporate  |  APRIL 16, 2014 3:07 PM

    Sjotveit wins ‘Outstanding Entrepreneurship Award’

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    Sarawak Energy Bhd’s chief executive officer, Torstein Dale Sjotveit, has won the ‘Outstanding Entrepreneurship Award’ in the oil and gas, mining and energy category. It said Sjotveit received the award at the Asia-Pacific Entrepreneurship Awards (APEA) Brunei-Indonesia-Malaysia-Philippines East Asean Growth Area (BIMP-EAGA) 2014, which …

  • Corporate  |  APRIL 16, 2014 3:03 PM

    LBS Bina to launch 2 projects in Iskandar Malaysia

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    LBS Bina Group Bhd is set to launch two more development projects in Iskandar Malaysia, in a move to tap the red-hot property demand in the booming economic zone. The projects would be undertaken by the company itself, and fall into the mid-range …

  • Corporate  |  APRIL 16, 2014 2:46 PM

    Hap Seng aims to sell over 1,300 units of Mercedes-Benz

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    Hap Seng Consolidated Bhd, one of the authorised dealers of Mercedes-Benz vehicles, expects to sell more units this year than the 1,300 units it sold last year, with the opening of its new autohaus in the southern Klang Valley. Located in Balakong, the …

  • Corporate & World Biz  |  APRIL 16, 2014 2:41 PM

    TripAdvisor reaches milestone of 100 mil downloads

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    TripAdvisor, the world’s largest travel site, has reached the milestone of 100 million downloads for its free application for iPhone and Android. The number of downloads more than doubled in the past year and was up six times from 2011, said president and …

  • Corporate  |  APRIL 16, 2014 2:39 PM

    BHIC enters formal contract with MOD

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    Boustead Heavy Industries Corporation Bhd (BHIC) has entered into a formal contract with the Ministry of Defence (MOD) to formalise the In-Service Support contract awarded last month. On March 21, 2014, the company announced that its subsidiary, BHIC AeroServices Sdn Bhd (BHICAS) had …

  • Corporate & Featured and Exclusive  |  APRIL 16, 2014 2:36 PM

    1MDB’s profit at RM878 million, debt at RM42 bil


    1Malaysia Development Bhd’s (1MDB) long delayed financial results for the financial year ending Mar 31, 2013 show higher revenue higher profits and higher liabilities.

  • Corporate  |  APRIL 16, 2014 2:05 PM

    MIHAS 2014 sales up 21% to RM966.4 mil

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    The combined sales generated during the recent 11th Malaysia International Halal Showcase (MIHAS 2014) hit RM966.4 million, a 21% increase over last year’s RM798.72 million. The key sectors which attracted strong interest among buyers at the four-day exhibition which ended last Saturday, were …

  • World Biz  |  APRIL 16, 2014 2:02 PM

    Samsung exec says Galaxy S5 to outsell S4

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    Samsung Electronics Co Ltd’s new Galaxy S5 smartphone should outsell its predecessor and defy predictions that the South Korean titan’s latest model will struggle in a tough market for high-end handsets, a top executive said. The world’s biggest smartphone maker has slashed prices …

  • Corporate & World Biz  |  APRIL 16, 2014 1:49 PM

    Greenland Group acquires land in Danga Bay for RM600 mil

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    The Greenland Group, one of China’s biggest state-owned companies, is making its first foray into Malaysia by acquiring prime waterfront land in Iskandar Malaysia for RM600 million. The property conglomerate signed a sale and purchase agreement with Johor-based Iskandar Waterfront Holdings Sdn Bhd …

  • Commodities  |  APRIL 16, 2014 1:42 PM

    Tin closes firmer at US$23,300 a tonne

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    The Kuala Lumpur Tin Market (KLTM) rebounded from yesterday’s loss to close firmer by US$20 at US$23,300 a tonne, lifted by Japanese demand, a dealer said. The uptrend on the local market was despite the loss posted in the tin price on the …

  • World Biz  |  APRIL 16, 2014 1:08 PM

    Lombard Odier names Jean-Louis as Asia-Pacific CIO

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    Lombard Odier has appointed Jean-Louis Nakamura as Chief Investment Officer (CIO) for the Asia-Pacific region. He will report to Vincent Duhamel, Head of Lombard Odier for Asia-Pacific. Commenting on the appointment, Duhamel said the company was responding to the evolving needs of …

  • Corporate & World Biz  |  APRIL 16, 2014 1:03 PM

    Eastspring launches Target Income Fund 3

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    Eastspring Investments Bhd has launched a new bond fund, the Eastspring Investments Target Income Fund 3, to provide a semi-annual regular income stream with a potential bonus coupon payment upon  maturity. “Whilst the equities markets has improved compared to previous years, we find …

  • Markets  |  APRIL 16, 2014 12:57 PM

    KL shares end morning session lower

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    Bursa Malaysia ended the morning session lower today on lack of buying momentum. At lunch break, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 4.01 points lower at 1,849.87, after opening 0.74 of a point higher at 1,854.62. It had hovered …

  • Economy & World Biz  |  APRIL 16, 2014 12:55 PM

    China’s Q1 GDP growth slows to 7.4%

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    China’s economic growth slowed to 7.4% year-on-year in the first quarter of 2014, down from the 7.7% recorded in the fourth quarter of last year, said the National Bureau of Statistics (NBS). Despite the gross domestic product (GDP) growth recorded in the first quarter being below …

  • Corporate  |  APRIL 16, 2014 12:55 PM

    Airbus and Sapura establish long-term partnership

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    European Airbus Defence and Space and Malaysian Sapura Secured Technologies have signed a collaboration agreement at the Defence Services Asia Exhibition 2014 today, to establish long-term cooperation in the field of C4ISR, which stands for Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance.

  • Corporate & Featured and Exclusive  |  APRIL 16, 2014 12:50 PM

    Temporary water plan proposed

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    With the Langat 2 treatment plant three years away from completion, there are plans to modify the Pahang-Selangor Raw Water Transfer Project (Tunnel) as a temporary measure to overcome Selangor’s water shortage, according to a report in The NST today. …

  • Corporate  |  APRIL 16, 2014 12:26 PM

    RHB maintains buy on TDC

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    RHB Research has maintained its ‘buy’ call on Time dotCom Bhd (TDC), revising its fair value for the company upwards to RM 5.20 from RM 4.30, after the research house changed its valuation method to discounted cash flow from price-to-earnings. …

  • World Biz  |  APRIL 16, 2014 12:18 PM

    Samsung contests Apple’s iPhone patent claims

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    Samsung Electronics Co began its attack on patents Apple Inc has asserted in a US$2 billion (RM6.4 billion) case by trying to convince jurors that the iPhone maker exaggerated claims about inventions allegedly copied by the Galaxy maker. Samsung, trying …

  • Corporate & Finance  |  APRIL 16, 2014 12:12 PM

    Business financing set to pick up, says BIMB

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    Business financing is expected to pick up, helped by key industries such as oil and gas, construction and manufacturing, despite the challenging landscape in Islamic banking this year. Bank Islam Malaysia Bhd (BIMB) managing director, Zukri Samat, said the catalysts would be the …