February 2012

  • tpa
9 Feb 2012 - 6:06pm
KUALA LUMPUR: Malaysia recorded its highest total trade of RM1.3 trillion last year, up 8.7 per cent from 2010.  For this year, International Trade and Industry Minister Datuk Seri Mustapa Mohamed projects a growth of between five and six per cent. The World Competitiveness Yearbook 2011 Report by the Institute for Management Development...
  • nok
8 Feb 2012 - 4:56pm
HELSINKI: World-leading mobile phone maker Nokia intends to cut 4,000 jobs at its smartphone manufacturing facilities in Finland, Hungary and Mexico by the end of 2012, it said on Wednesday.   "The expected headcount impact by country is 2,300 in Komarom (Hungary), 700 in Reynosa (Mexico) and 1,000 in Salo (Finland)," company spokesman James...
  • rent
8 Feb 2012 - 2:04pm
SHANGHAI: Office rents in Beijing are more expensive than New York after rising 75 per cent last year as China's rapid economic growth sparked strong demand, an international real estate company said.   The Chinese capital is now in fifth place for the world's most expensive office space, with New York's midtown Manhattan coming sixth,...
  • bonds
8 Feb 2012 - 1:41pm
KUALA LUMPUR: Despite the shaky prospects of the global economy, Standard & Poor's Ratings Services maintains a strong outlook for Malaysia's bond market, reflecting positive bond market developments, ongoing growth in Islamic finance and steady macroeconomic fundamentals in the country. It said Malaysia's bond market stands out by becoming...
  • sib
7 Feb 2012 - 8:20pm
SIBU: The Sarawak Housing Development Commission, in collaboration with Amcorp Group, will invest about RM1 billion for the total development of the Sibu Jaya township. "The development will be carried out under a revised masterplan and will be the biggest and most uniquely planned housing area in the state," said State Housing Minister Datuk Amar...
  • Proton1
7 Feb 2012 - 7:29pm
Kuala Lumpur: Tun Dr Mahathir Mohamad revealed that a new Proton car will hit the street in three months. This is what he says of the new car: "The other day I test drove their latest model on the test track at Shah Alam. I can verify and assure Proton customers and Malaysians generally that this new model can match any of the...
  • geb
6 Feb 2012 - 12:33am
GEBENG: China's chokehold on the rare earths vital for everything from iPods to missiles is widely expected to end soon, thanks in large part to a contentious new plant in Malaysia.   Australian miner Lynas won a licence Wednesday to begin processing rare earths imported from Australia at the plant -- which is nearly completed -- despite...
  • air
3 Feb 2012 - 2:57pm
SINGAPORE: Singapore Airlines said Thursday its third-quarter net profit tumbled 53 per cent from a year ago due to the impact of persistently high jet fuel prices.   Weak passenger and cargo demand from Europe -- grappling with a debt crisis -- also dragged profits lower.   The airline, considered a bellwether for the industry, said net...
  • banco
2 Feb 2012 - 3:55pm
KUALA LUMPUR: MIDF Research is neutral on the banking sector as it expects net profits this year to be moderated by slower economic growth. In a note Thursday, MIDF said loan growth for this year was expected to be dampened and would grow at a slower rate of nine per cent. It said exports and industrial production were expected to be affected by...
  • Facebook sign
2 Feb 2012 - 3:40pm
WASHINGTON, February 2, 2012 (AFP) - Investors came down with Facebook fever after the social networking titan filed to go public and seek to raise $5 billion in the largest flotation ever by an Internet company on Wall Street.   The paperwork filed on Wednesday for the initial public offering provided the first glimpse of the financial...