• Featured and Exclusive, Markets, World Biz  |  OCTOBER 2, 2014 10:30 PM

    Saudi’s NCB plans RM19 bil IPO, second largest in 2014

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    National Commercial Bank, the largest lender in Saudi Arabia, plans to raise 22.5 billion riyals (RM19.6 billion) from the biggest initial public offering this year after Alibaba Group Holding Ltd.

  • World Biz  |  OCTOBER 2, 2014 10:03 PM

    Pertamina to focus on increasing production capacity

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    PT Pertamina will focus on increasing the production capacity of its refineries by 500,000 barrels per day (bpd) instead of building a new refinery to increase oil production.

  • World Biz  |  OCTOBER 2, 2014 9:34 PM

    Japan keen on mega-projects in Thailand

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    Japan is keen to invest in mega-projects with Thailand, namely infrastructure, water management, satellite and even the Dawei special economic zone in Myanmar, Thai News Agency (TNA) reported.

  • Corporate & World Biz  |  OCTOBER 2, 2014 9:25 PM

    AirAsia jet-leasing arm worth RM3 bil if listed, says Tony

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    AirAsia Bhd’s newly independent jet- leasing arm is a potential candidate for a stock exchange listing that could command half the value of its US$2 billion (RM6.5 billion) airline operation, chief executive officer Tony Fernandes said.

  • Property  |  OCTOBER 2, 2014 8:58 PM

    Developers must standardise charges, says Dahlan

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    Housing developers must standardise deposit payments as well as other charges in property dealings to protect buyers from feeling manipulated or cheated by the developers.

  • Featured and Exclusive & World Biz  |  OCTOBER 2, 2014 8:42 PM

    ECB holds interest rates, shifts focus to asset-buying

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    The European Central Bank (ECB) left interest rates unchanged on Thursday, shifting focus to an asset-buying plan with which it hopes to revive the flagging euro zone economy and see off the spectre of deflation.

  • Corporate  |  OCTOBER 2, 2014 7:59 PM

    RHB Investment enters share sale with RHB Indochina

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    RHB Investment Bank Bhd, a wholly-owned subsidiary of RHB Capital Bhd, has entered into a share sale agreement with RHB Indochina Bank Ltd to acquire the entire shares in RHB OSK Indochina Securities Ltd from RHB Indochina for RM40.62 million.

  • Singapore & World Biz  |  OCTOBER 2, 2014 7:43 PM

    Singapore public sector extends retirement age to 67

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    From Jan 1, 2015, the Singapore Public Service will formalise arrangements to offer re-employment to all eligible officers till age 67.

  • World Biz  |  OCTOBER 2, 2014 7:08 PM

    Barclays ban employees from receiving gifts

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    Barclays Plc has banned employees from giving or receiving gifts and entertainment from brokers as the British bank tightens internal controls.

  • Corporate  |  OCTOBER 2, 2014 6:51 PM

    Eversendai to construct two O&G jack-ups

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    Eversendai Offshore RMC FZE today announced the construction of two self-propelled jack-ups, known as liftboats at its waterfront yard in RAK Maritime City, Ras Al Khaimah, United Arab Emirates.

  • Corporate  |  OCTOBER 2, 2014 6:42 PM

    40% of urban dwellers to use public transport by 2030

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    Land Public Transport Commission (SPAD) aims to have 40% of the population in urban areas to use public transportation by 2030 from 20% now.

  • Commodities  |  OCTOBER 2, 2014 6:34 PM

    Rubber prices end lower

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    Malaysian rubber prices continued their downtrend today on lack of buying support from top consumer China, a dealer said.

  • OTHERS  |  OCTOBER 2, 2014 6:30 PM

    Ringgit closes higher against US dollar

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    The ringgit closed higher against the US dollar today as the market reacted positively to the government's measure to keep to its budget deficit goals by cutting the fuel subsidies further.

  • Markets  |  OCTOBER 2, 2014 6:00 PM

    KL shares extend losses on persistent selling

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    Shares on Bursa Malaysia extended their losses to close lower today on weaker buying support due to the fall on Wall Street overnight, dealers said.

  • Corporate & Economy  |  OCTOBER 2, 2014 5:39 PM

    Sarawak attracts highest FDI

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    Sarawak attracted the highest foreign direct investments (FDIs) of RM7.5 billion among the states in Malaysia in the first five months of this year.

  • Corporate & Economy  |  OCTOBER 2, 2014 5:18 PM

    Thailand in talks to revive Dawei Special Economic Zone

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    Thailand will revive talks with Japan and Myanmar aimed at kick-starting the floundering multi-billion dollar Dawei Special Economic Zone in Myanmar, a junta spokesman said on Thursday.

  • World Biz  |  OCTOBER 2, 2014 4:55 PM

    Ford forecasts sales growth in Europe next year

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    Ford Motor Co, the second-biggest US carmaker, is forecasting sales growth in Europe next year as demand for new models helps narrow its loss in the region.

  • World Biz  |  OCTOBER 2, 2014 4:46 PM

    Modi yet to decide on US economist as advisor

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    Prime Minister Narendra Modi has not decided whether to appoint US-based economist Arvind Subramanian as the government's chief economic adviser, a senior government source told Reuters, in a delay that may impact policy and budget preparations.

  • World Biz  |  OCTOBER 2, 2014 4:38 PM

    Renewable energy spending reaches RM572.9 bil

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    About RM572.9 billion was spent globally on renewable energy projects during the first three quarters, up 16% from the same period last year, according to a Bloomberg New Energy Finance report.

  • Corporate  |  OCTOBER 2, 2014 4:23 PM

    RHB Research: Fuel price hike will push up inflation

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    The government's move to raise the retail prices of RON95 petrol and diesel by 20 sen a litre effective today would cause an upward but manageable pressure on inflation, RHB Research said.