Business

German Govt selling two properties in KL for RM225mil

PETALING JAYA: The German government is selling the two properties it owns in the heart of Kuala Lumpur for a potential combined worth of RM225mil.

Perodua Vivas lined up for sale. Proton and Perodua are expected to continue improving their market shares against foreign rivals next year.

Malaysian Automotive Institute sees local carmakers gaining market share

PETALING JAYA: The Malaysian Automotive Institute (MAI) expects Proton Holdings Bhd and Perusahaan Otomobil Kedua Sdn Bhd (Perodua) to continue improving their market shares against foreign rivals next year.

Sustained high demand for logs will keep supply tight and prices firm.

Weak CPO dampens timber stocks’ outlook

PETALING JAYA: Timber companies are benefitting from rising log prices and a cheaper ringgit but weaker crude palm oil (CPO) prices are keeping some analysts wary about their immediate prospect.

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After Sony's about-face, 'The Interview' sells out in many US cinemas

NEW YORK/LOS ANGELES: "The Interview," the Sony Pictures film about a fictional plot to assassinate North Korean leader Kim Jong Un, opened in more than 300 movie theaters across the United States on Christmas Day, drawing many sell-out audiences and statements by patrons that they were championing freedom of expression.

26 December 2014 | 6:59AM |

Business News

Markets rise as Saudis maintain spending in 2015 budget

DUBAI: Gulf stock markets rose on Thursday as Saudi Arabia released a 2015 state budget that will keep spending high, reassuring the region that economic growth is unlikely to be hurt much by the plunge of oil prices.

25 December 2014 | 10:18PM |

Economy

Russia says currency crisis over, but inflation set to soar

MOSCOW: Russia said its currency crisis was over on Thursday but warned that inflation is set to climb above 10 percent, adding to the problems facing President Vladimir Putin's government as it fights its worst economic crisis since 1998.

25 December 2014 | 10:17PM |

Banking

KLCI kicks off Friday in lacklustre trade

KUALA LUMPUR: The FBM KLCI started off Friday in lacklustre trade following the Christmas celebration as a few regional equities were shut down for the holidays.

26 December 2014 | 10:11AM |

Markets

Chinese jobseekers attend a jobs fair in Beijing in this file photo. China's economy added 10.82 million new jobs in the first nine months of 2014, and the jobs are expected to total 13 million for the whole year - AFP Photo.

China adding 13 million jobs in 2014: Xinhua

BEIJING: China's economy is creating more than 13 million new jobs this year, according to the Xinhua news agency, citing the labour ministry, outstripping the official target despite slower economic growth.

26 December 2014 | 10:07AM |

Foreign News

After Sony's about-face, 'The Interview' sells out in many US cinemas

NEW YORK/LOS ANGELES: "The Interview," the Sony Pictures film about a fictional plot to assassinate North Korean leader Kim Jong Un, opened in more than 300 movie theaters across the United States on Christmas Day, drawing many sell-out audiences and statements by patrons that they were championing freedom of expression.

26 December 2014 | 6:59AM |

Business News

Thailand approves $643 mln in investment for 13 projects

BANGKOK: Thailand's investment agency said on Thursday it has approved applications for 13 projects worth 21.15 billion baht ($643 million), many involving renewable energy and power plants, as the pace of investment recovers after political turmoil early in the year.

25 December 2014 | 10:21PM |

Economy

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