• Corporate  |  SEPTEMBER 22, 2014 4:04 PM

    Tabung Haji denies making any investments in the US

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    Lembaga Tabung Haji (TH) today deniees that it has made an investment in the United States.

  • World Biz  |  SEPTEMBER 22, 2014 4:02 PM

    Google selects HTC for upcoming Nexus tablet

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    Google Inc has selected HTC Corp to make its upcoming 9-inch Nexus tablet, the Wall Street Journal reported, citing people familiar with the matter. Google had been mulling HTC as a potential Nexus tablet partner since last year and HTC …

  • Corporate & Markets  |  SEPTEMBER 22, 2014 3:45 PM

    Iris Corp shares rise 6.25% after winning TRS contract

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    Iris Corp Bhd's stock increased 6.25%, or 2.5 sen, after it bagged a RM155 million contract from the Royal Malaysian Customs Department to develop the Tax Refundable Scheme (TRS) software.

  • Corporate & Markets  |  SEPTEMBER 22, 2014 3:42 PM

    Alliance DBS maintains “hold” call on Astro

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    Astro Malaysia Holdings Bhd's shares rose 2.0 sen in the morning session after releasing better results for the second quarter ended July 31, 2014 on Friday.

  • Featured and Exclusive, Finance, World Biz  |  SEPTEMBER 22, 2014 3:40 PM

    China to reduce bankers’ ‘unreasonably high’ salaries

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    President Xi Jinping’s government said in August that it will reduce salaries for executives at state-owned companies because “unreasonably high” incomes have become a source of public discontent.

  • Markets  |  SEPTEMBER 22, 2014 3:31 PM

    KL shares lower at mid-afternoon

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    Shares on Bursa Malaysia were lower at mid-afternoon today, with the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) 2.68 points easier.

  • Corporate  |  SEPTEMBER 22, 2014 3:23 PM

    MPs laud Khazanah’s special centre for redundant staff

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    The plan by Khazanah Nasional to set up a special centre to provide ‘outplacement support’ for some 6,000 Malaysia Airlines (MAS) staff who will be made redundant as part of the airline’s restructuring has been lauded by three Members of …

  • World Biz  |  SEPTEMBER 22, 2014 2:57 PM

    Prada slumps after profit decline, forecast for weak 2H

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    Prada SpA fell the most in more than three months after reporting first-half profit declined on weak demand in Asia and Europe and forecast similar conditions for the rest of the year. The Milan-based maker of shoes and handbags fell …

  • World Biz  |  SEPTEMBER 22, 2014 2:48 PM

    EBay bulls at record high as Apple pay threat subsides

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    Concern that Apple Pay will hurt EBay Inc.’s business has been overblown and the shares are poised to rally, options trading suggests. EBay shares are down 6.8% since late August, when a selloff began as Apple Inc. prepared to unveil …

  • Featured and Exclusive & World Biz  |  SEPTEMBER 22, 2014 2:28 PM

    Tesco cuts outlook after finding accounting error

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    Tesco has lowered its forecast for first-half profit by 250 million pounds (RM1.32 billion), its third warning this year, after finding a fault in its accounts.

  • World Biz  |  SEPTEMBER 22, 2014 2:19 PM

    Mitsubishi offers to buy Cermaq for RM4.5 bil

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    Mitsubishi Corp., Japan’s biggest trading house, offered to buy Norwegian fishery company Cermaq ASA for NOK8.88 billion (RM4.53 billion) as part of its efforts to expand into food businesses. The offer is a 14% premium over the closing price of …

  • Corporate  |  SEPTEMBER 22, 2014 2:08 PM

    Matrade to organise trade show to Myanmar in Oct

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    The Malaysia External Trade Development Corp (Matrade) is organising the Malaysia Services Exhibition (MSE) and Showcase Malaysia 2014 in Yangon, Myanmar from Oct 1-4, 2014.

  • World Biz  |  SEPTEMBER 22, 2014 2:08 PM

    LVMH dealmakers pair dumplings with Dom Perignon

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    LVMH Moet Hennessy Louis Vuitton SA’s private-equity arm, which bought a rooftop bar and dim sum restaurant chain in Singapore this year, is seeking more investments in the region to gain from rising consumer spending. L Capital Asia sees opportunities …

  • Commodities & World Biz  |  SEPTEMBER 22, 2014 2:07 PM

    US pump prices fall to lowest since Feb, may fall more

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    The average price of regular gasoline at US pumps slid to the lowest level since Feb 7, dropping 8.9 cents in the two weeks ended Sept 19 to US$3.3741 a gallon.

  • Markets & World Biz  |  SEPTEMBER 22, 2014 1:51 PM

    Maybank Kim says Thai small cap shares at bubble level

    The biggest rally in Thailand’s small-capitalization companies in more than a decade has propelled shares to bubble levels, according to the nation’s largest brokerage.

  • Opinion  |  SEPTEMBER 22, 2014 1:27 PM

    How the rich rule

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    PRINCETON – It is hardly news that the rich have more political power than the poor, even in democratic countries where everyone gets a single vote in elections. But two political scientists, Martin Gilens of Princeton University and Benjamin Page …

  • Markets  |  SEPTEMBER 22, 2014 1:21 PM

    KL shares close lower at mid-day

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    Shares on Bursa Malaysia ended the morning session lower with the FTSE Bursa Malaysia KLCI (FBM KLCI) 1.8 points easier, dragged down by losses in selected blue chips.

  • Commodities  |  SEPTEMBER 22, 2014 1:10 PM

    KLTM closes US$100 higher on technical correction

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    The Kuala Lumpur Tin Market (KLTM) closed US$100 higher at US$21,250 a tonne today on technical correction, a dealer said.

  • Corporate  |  SEPTEMBER 22, 2014 12:50 PM

    Analysts positive on Astro’s prospects

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    Analysts have reacted positively to Astro’s second quarter for financial year 2015 results. Looking ahead, they believe that Astro have the capability of improving its average revenue per user further.

  • Finance  |  SEPTEMBER 22, 2014 12:47 PM

    Malaysia a market for infrastructure investment

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    Malaysia is Asia’s second most attractive market for infrastructure investment according to Arcadis a global natural and built asset design and consultancy firm. It scores highly across the investment criteria  is placed ahead of other large regional economies namely Japan, …