06-10-2008: Liberalisation needs to go on
Commentary by Thomas Soon,
06 Oct 2008 4:48 PM
 In acknowledging a role for government in regulating businesses, United States Treasury Secretary Henry Paulson recently declared in no uncertain terms that “raw capitalism is a dead end”. That is stating the obvious, isn’t it?
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06-10-2008: Oil: End of a bull run for now?
By Lim Shie-Lynn,
06 Oct 2008 5:52 PM
 KUALA LUMPUR: With global economies faltering on signs that the US is slipping into a recession, analysts’ expectations are high that oil prices will continue to fall due to slowing demand globally and a strengthening dollar though some are still hawkish about the commodity’s strength over the longer term.
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06-10-2008: TM’s copper network still protected
By Sharmila Ganapathy,
06 Oct 2008 2:07 PM
KUALA LUMPUR: Telekom Malaysia Bhd’s (TM) continued protection of its copper network infrastructure for another seven years has given yet more ammunition to those opposed to the national high-speed broadband (HSBB) project being monopolised by the national telecommunications firm.
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06-10-2008: TM Asia Life bullish on new business premium
By Racheal Lee Mei Nyee,
06 Oct 2008 2:10 PM
KUALA LUMPUR: Life insurer TM Asia Life Malaysia Bhd plans to increase its agency force and launch new insurance plans in an effort to grow its new business premium, which has shown strong growth amid an underperforming industry.
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06-10-2008: Retailers bank on festive sales
By Sharon Tan, Yong Yen Nie & Tony CH Goh,
06 Oct 2008 2:14 PM
PETALING JAYA: Local retailers remain cautiously optimistic about sales, particularly in the next couple of festive-filled quarters, despite the increasingly challenging economic environment that dampens consumer sentiment.
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06-10-2008: Doing deals in tough times
06 Oct 2008 6:13 PM
Although 2007 was a record-setting year for global mergers and acquisitions (M&A), the current credit market suggests that conditions will become significantly more challenging for acquirers in the immediate future.
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06-10-2008: BioMalaysia 2008 gets under way tomorrow
06 Oct 2008 1:11 PM
KUALA LUMPUR: Malaysian Biotechnology Corporation Sdn Bhd (BiotechCorp) expects BioMalaysia 2008, which will be held at the Kuala Lumpur Convention Centre from tomorrow toThursday, to attract over 9,000 trade visitors from about 40 countries.
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06-10-2008: Fund raising to remain tough in Asia-Pacific
06 Oct 2008 1:14 PM
KUALA LUMPUR: Fund raising will remain tough for corporates in the Asia-Pacific region as the capital markets react to the financial crisis in the US, according to Clara Lau, Moody’s chief credit officer for Asia-Pacific (excluding Japan), corporate finance.
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06-10-2008: Iskandar may list units to finance infra projects
By Chong Jin Hun,
06 Oct 2008 1:15 PM
KUALA LUMPUR: Iskandar Investment Bhd (IIB), the promoter and coordinator of the Iskandar Malaysia growth region in Johor, may raise capital via an initial public offering (IPO) towards part financing the over RM10 billion worth of public transportation infrastructure development in the planned metropolis.
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06-10-2008: Nomura M’sia to start broking ops in 6 months
By Joy Lee May Yen,
06 Oct 2008 1:16 PM
KUALA LUMPUR: Japan’s Nomura group will set up its stockbroking company here within the next six months and will promote the Malaysian capital markets in the Middle East, Nomura Malaysia Sdn Bhd president Satoshi Imai said.
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06-10-2008: Lim: Wireless project a no-go if...
By Regina William,
06 Oct 2008 1:16 PM
GEORGE TOWN: The Penang government will hold consultations with the public and non-governmental organisations (NGOs) on the free Wireless@Penang initiative and would even cancel the project if the World Health Organisation’s (WHO) assertions of none or minimal health risks are proven wrong.
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06-10-2008: Asian markets down at midday as credit woes spread
By Cindy Yeap,
06 Oct 2008 12:49 PM
PETALING JAYA: Major Asian markets were down over 3% at midday as investors' concern went to the deepening credit crisis in Europe even as they await details on the US$700 billion (RM2.44 trillion) bailout plan in the US that was passed over the weekend.
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06-10-2008: Asian markets tumble further
By Cindy Yeap,
06 Oct 2008 10:35 AM
PETALING JAYA: Major Asian were languishing at mid-morning on Monday even after the US$700 billion (RM2.44 trillion) bailout plan became law as investors await details on its implementation by the US Treasury, now worrying that the rescue plan may not be enough.
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06-10-2008: Pak Lah will not defend Umno presidency?
By Cindy Yeap,
06 Oct 2008 9:16 AM
KUALA LUMPUR: Prime Minister Datuk Seri Abdullah Ahmad Badawi will say he will not be defending the Umno presidency post on Wednesday ahead of the start of the Umno divisional elections, the Malaysian Insider reported this morning without mentioning its source.
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05-10-2008: US stocks to struggle despite rescue plan
06 Oct 2008 8:40 AM
NEW YORK: Wall Street's mood will likely remain dark this week as fallout from the credit crisis continues to corrode the US economy and questions linger about the likely effectiveness of the newly passed bailout plan in shoring up the financial system.
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03-10-2008: Penang wants RM58.6m for CCTVs, community policing
By Regina William,
03 Oct 2008 6:25 PM
GEORGE TOWN: The Penang state government wants Prime Minister Datuk Seri Abdullah Ahmad Badawi to approve RM58.6 million in emergency allocation for CCTVs and community policing activities besides mobilising 10 platoons (400 men) of the General Operations Force (GOF) unit to help tackle the increasing criminal activities in the state.
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03-10-2008: Lower on continued US concerns
03 Oct 2008 5:14 PM
Stock markets around the region traded sharply lower on Oct 3, following a steep overnight fall on Wall Street amid growing concerns over the health of the US economy and ahead of the all-important vote on the revised US$700 billion (RM2.42 trillion) bailout package.
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03-10-2008: Palm oil's rebound not in sight; stocks, demand drag
By Niluksi Koswanage & Naveen Thukral,
03 Oct 2008 2:36 PM
KUALA LUMPUR/SINGAPORE: Ballooning vegetable oil stocks and fast-declining interest from funds in volatile commodities may hold off a recovery in palm oil prices until next year despite its fall to a level much lower than rival soyoil.
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03-10-2008: KLCI marginally down at midday
By Surin Murugiah,
03 Oct 2008 12:42 PM
PETALING JAYA: The Kuala Lumpur Composite Index (KLCI) closed 0.12% or 1.21 points lower at 1,017.47 at 12.30pm today, cutting down its earlier losses as blue chips including DiGi.Com Bhd, British American Tobacco (Malaysia) Bhd (BAT), Tanjong Plc and Bumiputera-Commerce Holdings Bhd advanced this morning.
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03-10-2008: Oil below US$93 on financial turmoil
By Maryelle Demongeot,
03 Oct 2008 10:50 AM
SINGAPORE: Oil fell more than a dollar to below US$93 (RM320.85) a barrel on Oct 3, its third consecutive day of losses, on scepticism that a US bailout package would be enough to prevent further oil demand falls.
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03-10-2008: Economic, credit fears punish Wall St
By Kristina Cooke,
03 Oct 2008 8:25 AM
NEW YORK: US stocks slid on Oct 2 as tight credit markets and bleak economic data forced investors to focus on the rocky road still ahead for the US economy even if Congress passes a US$700 billion (RM2.4 trillion) rescue package this week.
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30-09-2008: Maybank concludes 55.6% BII deal with final price tag of RM4.26b
By Yong Yen Nie,
01 Oct 2008 11:28 AM
 KUALA LUMPUR: Malayan Banking Bhd (Maybank) has completed its acquisition of a 55.6% stake in PT Bank Internasional Indonesia TBK (BII) with a final price tag of S$1.77 billion (RM4.26 billion), a reduction of S$315.2 million (RM758.9 million) which was higher than the initial rebate given by the sellers.
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30-09-2008: New contract to boost Fotronics top-line
By Joy Lee May Yen,
30 Sep 2008 6:58 PM
KUALA LUMPUR: Mesdaq Market-listed Fotronics Corporation Bhd’s latest contract with a US-based company will ease the impact of current economic condition on its business, its chief executive officer Khoo Lee Meng said.
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30-09-2008: JPK hopes to achieve up to RM5m net profit in FY09
By Racheal Lee Mei Nyee,
30 Sep 2008 6:18 PM
KUALA LUMPUR: JPK Holdings Bhd hopes to achieve a net profit of RM3 million to RM5 million in its financial year ending March 31, 2009 (FY09), due to its newly secured job in China and better performance of its Vietnam operation.
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30-09-2008: MYEG proposes transfer to Main Board
30 Sep 2008 5:55 PM
KUALA LUMPUR: E-Government services concessionaire, MY E G Services Bhd (MYEG) has proposed a transfer from the Mesdaq Market to the Main Board of Bursa Malaysia Securities Bhd.
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30-09-2008: Zaid urges PM to repeal the ISA
By Thomas Soon,
03 Oct 2008 9:19 AM
 KUALA LUMPUR: Former minister in the prime minister's department Datuk Zaid Ibrahim, who quit the government in protest against the abuse of the Internal Security Act (ISA), has written an open letter to his former boss and Prime Minister Datuk Seri Abdullah Ahmad Badawi to repeal the Act.
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30-09-2008: Dr Teng: Fish rots from stomach, not the head
By Regina William,
30 Sep 2008 4:00 PM
PENANG: Penang Umno liaison committee deputy chairman Datuk Seri Abdul Rashid Abdullah has earned the ire of Penang Gerakan chairman Datuk Dr Teng Hock Nan for his comments on Gerakan including calling the party "parti perosak".
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30-09-2008: Bursa down 11 pts at midday
By Jose Barrock,
30 Sep 2008 12:59 PM
KUALA LUMPUR: The Kuala Lumpur Composite Index (KLCI) was down 11.38 points to 1,008.34 points. Volume stood at 179.93 million worth RM278 million.
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Published by The Edge Communications Sdn Bhd
KUALA LUMPUR: Bank Negara Malaysia governor Tan Sri Dr Zeti Akhtar Aziz has been appointed chair of the Bank for International Settlements (BIS) Asian Consultative Council (ACC).
KUALA LUMPUR: Visa has named Stuart Tomlinson country manager for Malaysia with responsibility for all aspects of Visa’s business in the market.