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Top Stories

  • Indonesia smartphone sales could fall 50 percent under tax plan: association
    Indonesia smartphone sales could fall 50 percent under tax plan: association

    By Fathiya Dahrul and Randy Fabi JAKARTA (Reuters) - The Indonesian representatives of Apple Inc, Samsung Electronics Co Ltd and other members of a local industry group said smartphone sales could fall by as much as 50 percent if the government imposes a tax on luxury models. The government is considering a 20 percent tax for smartphones retailing at or above 5 million rupiah ($430), which would make Indonesia the most expensive country in Asia to buy an Apple iPhone 5s. The tax would be …

  • Russian JV venture promises to end India's butyl rubber import

    New Delhi, April 24 (IANS) India's $360 million imports of synthetic butyl rubber, used mainly to make tyres, may soon be rendered unnecessary after a Russian joint venture with Reliance Industries starts production end-2015, a top official has said. Russian gas processing and petrochemicals major Sibur has a 25:75 joint venture with Reliance and the upcoming plant at Jamnagar is set to commence production by the end of next year, said Evgeny Griva, chief executive of Sibur Petrochemical India. …

  • Bharti Infratel's fourth quarter net up 64 percent

    New Delhi, April 24 (IANS) Telecom tower provider Bharti Infratel's net profit for the fourth quarter (January-March) of 2013-14 jumped by 64 percent, a company statement said here Thursday. …

  • Last year's deadbeats do best as stocks stall
    Last year's deadbeats do best as stocks stall

    NEW YORK (AP) — Financial markets rarely stick to the script, and this year is no different. …

  • Heineken returns to growth in Western Europe

    AMSTERDAM (AP) — Heineken NV says it has returned to growth in its crucial Western Europe market in the first quarter, after a long period of stagnation. Organic sales — a figure which strips out the effects of currencies and acquisitions — grew by 3.4 percent. …

  • Unilever first quarter sales hit by strong euro

    AMSTERDAM (AP) — Unilever PLC, the maker of consumer products such as Dove soaps and Ben & Jerry's ice cream, says its underlying sales grew in the first quarter, but revenue was down due to a big impact from the stronger euro. …

  • U.S. regulators to propose new net neutrality rules in May
    U.S. regulators to propose new net neutrality rules in May

    By Alina Selyukh WASHINGTON (Reuters) - U.S. regulators are expected to vote on May 15 on a new set of so-called "net neutrality" rules aimed at making certain that broadband providers do not slow down or block consumers' access to legal Internet content. The rules from the Federal Communications Commission, which released its framework in February, are expected to ensure network operators disclose how they manage Internet traffic and do not block any content on the Web. The proposed rules …

  • Vermont moves toward labeling of GMO foods
    Vermont moves toward labeling of GMO foods

    MONTPELIER, Vt. (AP) — Vermont lawmakers have passed the country's first state bill to require the labeling of genetically modified foods as such, setting up a war between powerful lobbyists for the behemoth U.S. food industry and an American public that overwhelmingly says it approves of the idea. …

Malaysia

  • MAS partners up with Ramco Systems to improve efficiency

    SUBANG (Feb 3): Malaysian Airline System Bhd (MAS) announced its strategic partnership with Ramco Systems, a Chennai-based IT solutions provider, in an effort to optimise its operations and reduce costs. …

  • #Highlight* Taib’s family in 400 firms worth billions and Taib might have broken state law as ...

    KUALA LUMPUR (March 3): Tan Sri Abdul Taib Mahmud, who has just stepped down as Sarawak chief minister and become the Yang di-Pertua Negeri (state governor), has led the state imperiously for 33 years; and during these years, his family members have amassed billions of wealth. …

  • #Stock Focus* Spritzer rises 2% on water rationing

    KUALA LUMPUR (Mar 3): Bottled-water producer Spritzer Bhd rose as much as 2% amid news of water rationing in the Klang Valley. …

  • Hong Leong lowers Sime Darby's profit forecast, TP to RM10.02

    KUALA LUMPUR (Feb 3): Hong Leong Investment Bank Bhd (HLIB) trimmed marginally its FY14 core net profit forecast for Sime Darby Bhd to RM3.13 billion to reflect lower oil palm  fresh fruit bunch (FFB) yield assumption. …

  • #Fund Flow* Foreign selling stops, for now

    KUALA LUMPUR (March 3): After selling in 19 out of the last 20 weeks, including the last seven consecutive weeks, foreign investors turned net buyers of Malaysian stocks, according to MIDF Research. …

  • Alliance: TH Heavy may doule EPS with RM400m record orderbook

    KUALA LUMPUR (Mar 3): TH Heavy Engineering Bhd may double its earnings per share (EPS) in anticipation that the usage of its fabrication yard will rise to 90%, according to Alliance Research. …

  • Kenanga downgrades KPJ profit, TP

    KUALA LUMPUR (Mar 3): Kenanga Investment Bank Bhd has cut its net profit forecast for Hospital operator KPJ Healthcare Bhd and reduced the target price (TP) for the stock. …

  • Airbus’ first facility out of Europe rides on China’s growth

    TIANJIN (China): The first Airbus assembly facility outside of Europe — the Final Assembly Line in Tianjin, China (FALC) — is poised to ride on the growth of the Chinese aviation market. In a recent visit to the facility, Airbus (Tianjin) Final Assembly Co Ltd general manager Andreas Ockel briefed local and foreign media that China is currently Airbus’ No 2 market in terms of deliveries of aircraft. “Out of 626 aircraft [Airbus] produced and delivered last year, 133 were delivered to China,” …

Stocks

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    3.2678+0.0023+0.07%
    USDMYR=X
    4.5209+0.0086+0.19%
    EURMYR=X
    5.4864+0.0069+0.13%
    GBPMYR=X
    31.3500-0.0495-0.16%
    MYRJPY=X
    2.6001-0.001-0.04%
    SGDMYR=X
    2.3729-0.0013-0.05%
    MYRHKD=X
    3,559.2969-15.9646-0.45%
    MYRIDR=X
    1.9091-0.0011-0.06%
    MYRCNY=X
    3.0319-0.0008-0.03%
    AUDMYR=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,283.90-0.70-0.05%
    GCM14.CMX
    19.31-0.13-0.68%
    SIK14.CMX
    92.88+1.82+2.00%
    ^XAU
    3.09+0.03+0.90%
    HGK14.CMX
    101.68+0.24+0.24%
    CLM14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.71-0.03
    ^FVX
    2.69-0.04
    ^TNX
    3.47-0.03
    ^TYX

Currencies