Business

RM2.3b for R&D innovations

By AZURA ABAS AND A. AZIM IDRIS - Friday, 24 October 2014.

PUTRAJAYA: The government has set aside RM2.3 billion for research and development (R&D) to bring innovations to a higher level, said Prime Minister Datuk Seri Najib Razak.

Latest

Oil climbs to US$86.16

Friday, October 24, 2014 - 00:57

NEW YORK: Brent crude oil jumped as much as $2 a barrel on Thursday after an industry source said Saudi Arabia cut output in September following the summer's tumble in prices.

Klibor futures end untraded

Friday, October 24, 2014 - 00:56

KUALA LUMPUR: The three-month Kuala Lumpur Interbank Offered Rate (KLIBOR) futures contracts closed untraded today.

Tin market closes higher at US$19,530

Friday, October 24, 2014 - 00:56

KUALA LUMPUR: The Kuala Lumpur Tin Market (KLTM) closed US$80 higher today at US$19,530 a tonne on a technical correction, dealers said.

Ringgit eases against US$

Friday, October 24, 2014 - 00:55

KUALA LUMPUR: The ringgit closed lower against the US dollar yestrday on weak buying sentiment despite the stronger regional currencies, a dealer said.

Rubber gains despite decline in Tokyo

Friday, October 24, 2014 - 00:54

KUALA LUMPUR: The Malaysian rubber market closed higher yesterdaydespite the lower performance on the Tokyo Commodity Exchange (TOCOM), a dealer said.

Gold tracks lower after Comex

Friday, October 24, 2014 - 00:54

KUALA LUMPUR: Gold futures closed lower yesterday in tandem with the benchmark New York Commodity Exchange (COMEX), a dealer said.

CPO futures closes higher

Friday, October 24, 2014 - 00:53

KUALA LUMPUR: Crude palm oil (CPO) futures closed higher yesterday amid concerns over production difficulty due to seasonal cycle, a dealer said.

RHBAM targets RM50b in AUM

By DHIPA PALANIKUALA - Friday, October 24, 2014 - 00:51

RHB Asset Management Sdn Bhd (RHBAM), a unit of RHB Investment Bhd, is targeting to raise RM50 billion in assets under management (AUM) by year-end.

16.1m tourist arrivals in H1

By NUR HANINI MOHD HANIFKUALA - Friday, October 24, 2014 - 00:32

MALAYSIA welcomed 16.1 million tourists for the first half of the year, an increase of 9.7 per cent from 14.7 million tourists for the same period last year.

Homedec 2014 plans to rake in sales of RM150m

Friday, October 24, 2014 - 00:31

KUALA LUMPUR: Home Decor and Design Exhibition (Homedec) aims to rake in RM150 million in sales over the two-part exhibition, which is expected to draw over 150,000 visitors.

Kuala Lumpur to host ‘IP makes $ense’ forum on November 6

Friday, October 24, 2014 - 00:31

KUALA LUMPUR: Kuala Lumpur will play host to intellectual property (IP) experts from the United Kingdom, India and Malaysia during the “IP Makes $ense” forum on November 6.

Tesco chairman quits over error

Friday, October 24, 2014 - 00:29

THE chairman of Tesco resigned yesterday as the troubled supermarket group said a huge accounting error began earlier than thought and contributed to plunging profits.

China not worried about currency outflows

Friday, October 24, 2014 - 00:28

BEIJING: China’s foreign currency regulator is not concerned by signs of foreign exchange (forex) outflows as the economy slows, the country’s foreign exchange regulator said on yesterday, saying a recent decline in forex reserves is in line with Beijing’s policy goals.

US groups seek TPP protection for tobacco

Friday, October 24, 2014 - 00:27

WASHINGTON: United States business and agriculture groups have urged Pacific trading partners not to exclude tobacco from investment protection rules in a new free trade deal under negotiation, warning it would set a bad precedent.

‘Too late to change bank allowances now’

Friday, October 24, 2014 - 00:27

LONDON: It is too late to change the allowances paid to top banking staff that have been deemed to breach European Union (EU) law, a senior Bank of England (BoE) official said on Wednesday.

‘Japan should proceed with sales tax hike’

Friday, October 24, 2014 - 00:26

TOKYO: Japan should go ahead with a second sales tax hike next year in order to maintain credibility of its fiscal framework, an International Monetary Fund official said yesterday.