Business

Averting price war

By OOI TEE - Monday, 1 September 2014.

WIN-WIN SITUATION: Malaysia’s palm oil tax gap must mirror that of Indonesia, says Poram chief

Latest

CCI sector eyes RM57b GNI target

Monday, September 1, 2014 - 23:35

THE communications content and infrastructure (CCI) industry’s targeted contribution of RM57 billion by 2020 to Malaysia’s gross national income (GNI) can be achieved if the industry players tap into the movie making facilities available in Nusajaya, Johor, says a top industry executive.

Bringing Malaysians closer together this Merdeka

Monday, September 1, 2014 - 23:34

KUALA LUMPUR: Celcom Axiata Bhd has embarked on a multiplatform Merdeka Day celebrations through its #mycinta campaign particularly targeting social media users.

IPCC 2014 winners to get RM570,000 MDeC grant

Monday, September 1, 2014 - 23:34

KUALA LUMPUR: The Multimedia Development Corp (MDeC) will collectively grant RM570,000 to the winners of its 8th MSC Malaysia Intellectual Property Creators Challenge Series (IPCC), running from August 1 to September 30.

China’s PMI declines in August

Monday, September 1, 2014 - 23:33

GROWTH in Chinese manufacturing activity slowed last month, two closely watched surveys showed yesterday, losing momentum as a declining property sector and waning stimulus effects weigh on the world’s second-largest economy.

France calls for more action to weaken euro

Monday, September 1, 2014 - 23:27

FRENCH Prime Minister Manuel Valls called for more action from the European Central Bank (ECB) to lower the value of the euro, amid concerns the 18-nation region might be headed toward deflation.

CaixaBank to buy Barclays’ Spain businesses

Monday, September 1, 2014 - 23:26

MADRID: CaixaBank SA, Spain’s third-biggest lender, agreed to buy banking operations in the country from Barclays Plc for about €800 million (RM3.33 billion) in cash to expand its business as economic growth picks up.

Payments made easier with the new iPhone mobile wallet

Monday, September 1, 2014 - 23:26

NEW YORK: Apple Inc plans to turn its next iPhone into a mobile wallet through a partnership with major payment networks, banks and retailers, according to a person familiar with the situation.

Citigroup to pay ‘compensation’ allowance

Monday, September 1, 2014 - 23:26

NEW YORK: Citigroup Inc (Citi) has told senior staff in Europe that they would receive fixed monthly pay in addition to their salaries in an attempt to compensate for rules that limit bonuses to up to twice the level of base salaries, the Financial Times (FT) reported, citing several people.

Alibaba IPO comes with unusual business structure

Monday, September 1, 2014 - 23:25

FOREIGNERS who want to buy Alibaba Group shares in the Chinese e-commerce giant’s United States public offering will need to get comfortable with an unusual business structure.

Chinese insurers have it covered

Monday, September 1, 2014 - 23:24

HONG KONG: Your child throws a tantrum and smashes something? Take out “naughty child insurance”.

Indonesia’s July surplus at US$123.7m

Monday, September 1, 2014 - 23:24

JAKARTA: Indonesia’s trade balance returned to a small surplus in July due to a sharp fall in imports as economic activity slowed during the fasting month in Southeast Asia’s largest economy.

Regulator gives Microsoft 20 days to explain

Monday, September 1, 2014 - 23:23

BEIJING: An anti-trust regulator said yesterday it has given Microsoft Corp 20 days to reply to queries on the compatability of its Windows operating system and Office software suite amid a probe into the world’s largest software company.

China Galaxy seeks to raise US$1.2b in IPO

Monday, September 1, 2014 - 23:23

SHANGHAI: China Galaxy Securities Co Ltd, one of the country’s largest brokerages, said it is seeking to raise about 7.6 billion yuan (RM3.9 billion) in a Shanghai listing.

America Movil hires BoA to sell phone assets

Monday, September 1, 2014 - 23:23

NEW YORK: America Movil SAB, Latin America’s largest wireless provider, has hired Bank of America Corp (BoA) to sell phone assets as part of a breakup plan to appease Mexican lawmakers, according to people familiar with the matter. Potential buyers include AT&T Inc and SoftBank Corp.

Qantas stays loyal to its frequent flyer ‘cash cow’

Monday, September 1, 2014 - 23:22

SYDNEY: Qantas Airways Ltd is making a mint helping other companies keep their customers, even as it struggles to retain the loyalty of its own.

10.4pc export growth for fashion industry

By LIDIANA ROSLI KUALA - Monday, September 1, 2014 - 23:21

MALAYSIA’s fashion industry has recorded an unprecedented 10.4 per cent growth in export, from RM17.5 billion as at end-2012 to RM19.3 billion last year, said the Malaysia External Trade Development Corp (Matrade).