Business

What EDL?
Thursday, July 31, 2014

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Old men rise again - Part 2
Thursday, July 31, 2014

So who killed the young Malay businessmen? 
 
I think we can eliminate the DAP. Penang Chief Minister Lim Guan Eng, in fact, should be credited for giving life to Zarul Ahmad Mohd, the chairman of Zenith BUCG Sdn Bhd which is tasked with building the Penang Undersea Tunnel, a project economically valued at more than RM10 billion! ...

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Dollar dips after Wall Street rally
Thursday, July 31, 2014

TOKYO, July 31 - The dollar edged back against the yen in Asian trade Thursday after surging to a near four-month high in US trade in response to forecast-beating US economic growth data.
 
In early trade in Tokyo the greenback bought 102.78 yen, compared with 102.81 yen late in New York but still well up from the 102.11 yen earlier in Japan.
 
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Russia defiant in face of historic Western sanctions
Wednesday, July 30, 2014

MOSCOW, July 30-- 2014: A defiant Russia said today that unprecedented Western sanctions over Ukraine would hurt the United States after Brussels and Washington unveiled the toughest punitive measures against the Kremlin since the Cold War. Moscow's response came as the Ukrainian military stepped up its offensive against pro-Russian rebels in the east of the country, retaking...

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Old men rise again
Wednesday, July 30, 2014

Breaking News! Blogger Rocky's Bru has once again come up with an interesting scoop of a major move in corporate Malaysia that would see the birth of another national oil company after Petronas. In his latest posting, Datuk Ahirudin Attan a.k.a Rocky talks about the makings of the second national oil company that would be more focused in flying the Jalur Gemilang in faraway oceans and foreign nations....

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TNB, SIPP inks JV for Track 4A
Friday, July 25, 2014

Tenaga Nasional Bhd (TNB) has announced that it will go ahead with building the 1,400MW Pasir Gudang power plant with SIPP Energy Sdn Bhd, despite talk that the so-called Track 4A project would be re-tendered to the public.
 
TNB's announcement to Bursa Malaysia yesterday also signals that YTL Power International Bhd would not be able to bid for the project after it withdrew from the consortium that was awarded the contract via direct negotiation....

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Sales for local automakers likely to decline in 2H
Thursday, July 24, 2014

KUALA LUMPUR: Local automakers Proton Holding Bhd and Perusahaan Otomobil Kedua Nasional Sdn Bhd (Perodua) could see their sales affected negatively in the second-half (2H) of this year as their main market, the lower income consumers, see higher loan rejection rates following tigher credit assessment for car loans after the rise in interest rates recently....

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Sasbadi shares surges in debut on Main Market of Bursa Malaysia
Thursday, July 24, 2014

KUALA LUMPUR: Educations solutions provider Sasbadi Holdings Bhd debuted on the Main Market of Bursa Malaysia yesterday with an impressive premium of 56 sen upon opening bell, against an offer price of RM1.19 per share.The shares opened for trading at RM1.75, with some 3.6 million shares changing hands at the opening bell. Analysts had an indicative fair value of RM1.30 for Sasbadi shares....

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Job losses seen due to 'mega bank merger'
Wednesday, July 23, 2014

KUALA LUMPUR: The country’s largest bank union, National Union of Bank Employees (NUBE), has voiced its concern about possible job losses from the proposed “mega bank merger” between CIMB Group Holdings Bhd, RHB Capital Bhd (RHBCap) and Malaysia Building Society Bhd (MBSB), urging the central bank to come up with measures that could help safeguard employees of the merging banks....

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MIER: No more OPR hike in 2014, 25bps enough for now
Wednesday, July 23, 2014

KUALA LUMPUR: Local economic think tank Malaysian Institute of Economic Research (MIER) has said it does not expect any further hikes in the Overnight Policy Rate (OPR) from the recently raised level of 3.25%, which includes the recent 25 basis points (bps) on July 10.MIER's expectation over the monetary policy stance of Bank Negara Malaysia (BNM) this year is backed by the belief that...

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