• Markets  |  SEPTEMBER 3, 2014 7:38 AM

    Euro hits 1-year low vs dollar on ECB bets, pound falls

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    The euro dipped on Tuesday to fresh one-year lows against the dollar on bets the European Central Bank will do more to help a wobbly euro zone economy, while the pound fell to a near five-month low versus the greenback on worries about Scottish …

  • Commodities  |  SEPTEMBER 3, 2014 7:33 AM

    Brent oil sinks 16-month low; demand fears, strong dollar

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    Brent crude oil futures fell to the lowest level in 16 months on Tuesday, pressured by the prospect of slowing oil demand growth in China and Europe, while a strong dollar and ample supplies pushed US prices to a seven-month low. Oil prices on …

  • Commodities  |  SEPTEMBER 3, 2014 7:28 AM

    Gold slides 1.7 pct on dollar rally, technical selling

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    Gold fell 1.7% on Tuesday in heavy volume, its biggest one-day drop since mid-July, as a combination of a dollar rally, technical selling and a crude oil tumble sent the bullion price to a 2-1/2 month low. In the 10 minutes between 6:30-6:40 am …

  • Markets  |  SEPTEMBER 3, 2014 7:24 AM

    Wall St ends mixed, energy shares fall

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    US stocks ended mostly lower on Tuesday, retreating from records set the previous month, as falling crude oil prices dragged energy shares down and offset strong manufacturing data. The S&P energy index fell 1.3% as the prospect of slowing demand for oil in China …

  • Corporate  |  SEPTEMBER 3, 2014 12:01 AM

    Miti starts early probe on steel imports

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    “The Government has determined that there is sufficient evidence of dumping, injury and causal link,” Miti said on the reason for the investigation, which follows a previous safeguard investigation.

  • Events & Property  |  SEPTEMBER 2, 2014 10:53 PM

    Cityscape M’sia aims to generate RM15.5 mil

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    Cityscape Malaysia 2015, the world’s largest real estate investment and development event, aims to generate an estimated RM15.5 million in economic impact. In a statement today, Malaysia Convention and Exhibition Bureau (MyCEB) said the event, from Feb 4-6 next year, was …

  • World Biz  |  SEPTEMBER 2, 2014 10:43 PM

    “CEO switch at AIG like changing generals after war”

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    The leadership transition at insurer American International Group Inc. is like switching generals after winning a war, Chairman Steve Miller said today. “We’re changing generals as we move from wartime to peacetime,” Miller, 72, said today in an interview with …

  • Issues  |  SEPTEMBER 2, 2014 9:00 PM

    Malaysia Airlines’ history of failed recovery

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    Since the government re-took ownership of MAS following the disastrous privatisation of the national airline in the late 1990s, there had been various efforts undertaken to return the national carrier to long-term, sustainable profitability. In the first of four pieces, Kinibiz recaps the last few restructuring plans that were undertaken and have ultimately failed.

  • Corporate  |  SEPTEMBER 2, 2014 8:57 PM

    MASwings to introduce new business plan

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    MASwings Sdn Bhd, a subsidiary of Malaysia Airlines (MAS), plans to introduce a new business plan, including improving the quality of rural air services in Sabah and Sarawak next year. Its chief executive officer, Captain Ritzerwan Rashid, said the plan was …

  • Corporate  |  SEPTEMBER 2, 2014 8:36 PM

    Muhibbah bags RM100 mil BASF Petronas deal

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    Muhibbah Engineering (M) Bhd has bagged a RM100 million contract from BASF Petronas Chemicals Sdn Bhd. The contract was for the construction, fabrication and installation of the new aroma chemical complex for lemongrass project located in Kuantan. “Construction works will commence immediately …

  • Commodities  |  SEPTEMBER 2, 2014 8:25 PM

    CPO futures prices end higher

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    Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed higher today on the back of strong performance of the soybean oil market, a dealer said. “However, sluggish performance in exports for the month of August raised concerns over …

  • Corporate  |  SEPTEMBER 2, 2014 7:57 PM

    Signature Int’s unit to acquire land for RM50.78 mil

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    Signature International Bhd’s unit Signature Realty Sdn Bhd is acquiring five parcels of industrial land measuring 15.73 hectares within Techpark Two in Bandar Enstek, Negeri Sembilan for RM50.78 million. The properties will be earmarked for the future development of a …

  • Corporate  |  SEPTEMBER 2, 2014 7:33 PM

    MAS restructuring plan must be brave- Musa Hitam

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    The radical restructuring plan to revive the ailing Malaysia Airlines (MAS) must be brave enough, be innovative and think out of the box, former Deputy Prime Minister Musa Hitam said. “I wish for the sake of the country, this time we …

  • Corporate & Featured and Exclusive  |  SEPTEMBER 2, 2014 7:30 PM

    Maxis Communications Bhd denies wrongdoing in Indian scandal

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    Local telco Maxis Communications Bhd (MCB) has denied any allegation of wrongdoing with to charges filed against tycoon Ananda Krishnan and Maxis director Ralph Marshall in India over telecommunications deals done in that country.

  • World Biz  |  SEPTEMBER 2, 2014 7:27 PM

    China Mobile bulls surge on earnings turnaround bets

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    Bets that China Mobile Ltd.’s US$2 billion (RM6.3 billion) cut in handset subsidies will help the world’s biggest phone company reverse a profit slump pushed bullish options on the stock to a 19-month high. One-month calls that pay out if …

  • World Biz  |  SEPTEMBER 2, 2014 7:11 PM

    JPMorgan sees European banks rising 10%

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    Deutsche Bank AG and Societe Generale SA are among lenders seen driving a 10% gain among European banks by year-end as investor concerns over their capital levels and legal bills ease, JPMorgan Chase & Co. analysts said. European bank shares, …

  • Corporate  |  SEPTEMBER 2, 2014 7:01 PM

    Pantai Holdings to transfer 100% equity to Parkway Pantai

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    IHH Healthcare Bhd's (IHH) indirect unit, Parkway Pantai Ltd (PPL), has received the approval from the Inland Revenue Board of Malaysia (IRB) for the transfer of 100% equity interest in Pantai Holdings Bhd (PHB) to PPL.

  • Corporate & Featured and Exclusive  |  SEPTEMBER 2, 2014 6:36 PM

    Sime Darby battens down the hatches Down Under

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    In Australia, diversified conglomerate Sime Darby Group Berhad is laying off nearly 8% of its workforce as it braces for prolonged headwinds caused depressed coal prices to continue.

  • Corporate & World Biz  |  SEPTEMBER 2, 2014 6:27 PM

    Berjaya to dispose of share in Berjaya (China) Great Mall

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    Berjaya Land Bhd's unit, Berjaya Leisure (Cayman) Ltd (BCayman), together with Berjaya Times Square (Cayman) Ltd (BTS-Cayman) are disposing of a total of 70% stake in Berjaya (China)Great Mall Co Ltd (GMOC) to Carnival Group.

  • Corporate  |  SEPTEMBER 2, 2014 6:15 PM

    EPF 2Q14 investment income up 13% to RM10.4 bil

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    The Employees Provident Fund (EPF) has recorded a 13.47% surge in investment income to RM10.40 billion for the second quarter ended June 31, 2014 compared with RM9.16 billion in the corresponding quarter last year.