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1MDB cleared of Bank Negara probe

PETALING JAYA: The Attorney General’s Chambers (AGC) has cleared 1Malaysia Development Bhd (1MDB) of any wrongdoing in relation to an investigation initiated by Bank Negara into its investments overseas.

New product: Astro Malaysia Holdings Bhd chief operating officer Henry Tan, CEO Datuk Rohana Rozhan and chief commercial officer Liew Swee Lin (right) at the launch of the company’s new on demand entertainment offering, which allows customers to select content and instantly watch it on TV and on a device.  See story on page 2

Astro’s latest offering

KUALA LUMPUR: Astro Malaysia Holdings Bhd expects its new on demand (OD) offering and additional video-on-demand content to bring in additional average revenue per user (arpu). Yesterday, the company launched OD by Astro, which allows customers to select content and instantly watch it on TV and a device.

Vessel job: Lim says the company sees potential in maintenance of HVAC systems.

Daya Materials wins RM88mil job from France-based firm

KUALA LUMPUR: Daya Materials Bhd has been awarded a 17.7 million euro (RM88mil) contract to provide marine heating, ventilating and air-conditioning (HVAC) equipment and services for six navy vessels.

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Asian markets, KLCI advance as ringgit, oil surge

KUALA LUMPUR: Key Asian markets including the Malaysian stock market climbed at midday on Friday as investor sentiment firmed up on rising expectations that the US Federal Reserve was not in a hurry to hike interest rates.

9 October 2015 | 1:26PM |


KLCI surges past 1,700 as ringgit rallies

KUALA LUMPUR: Malaysia’s blue chips climbed in early Friday trade, powered by Petronas stocks and banks, following the firm overnight close on Wall Street as the ringgit rallied.

9 October 2015 | 9:27AM |


Ringgit climbs on weak US dollar sentiment

KUALA LUMPUR: The ringgit soared against the US dollar in early Friday trade, fuelled by bearish sentiment for the greenback following the release of the US Federal Reserve's minutes for its September meeting.

9 October 2015 | 9:45AM |


Oil surges to settle at three-month high on bullish outlook

NEW YORK: Oil prices climbed to their highest in three months on Thursday after a closely watched oil forecaster predicted prices would climb to US$75 over the next two years, adding to early gains notched after a rally in Chinese stocks worries about Syria.

9 October 2015 | 7:06AM |

Oil & Gas

Malaysia's ringgit at biggest daily gain against US$ in 17 years

KUALA LUMPUR: The ringgit recorded its biggest one-day gain in 17 years against the US dollar after a slew of economic data helped push the battered currency on an upward trajectory against the greenback. The ringgit leaped 3.7% against the greenback yesterday to RM4.216 from RM4.371 on Tuesday.

8 October 2015 | 12:00AM |


Hong Leong Bank eyes 32% growth in digital banking users

KUALA LUMPUR: Hong Leong Bank Bhd (HLB) aims for a 32% growth in its total digital banking user base of 700,000 by end-2016, driven by its mobile banking technology lifestyle proposition -- Hong Leong Connect’s Biometric Authentication solution.

9 October 2015 | 10:10PM |


Hungry? China's food delivery apps bite into Yum revival

As China's economy stutters, growing numbers of diners on a budget are tapping into smartphone applications to snap up meal delivery deals, spelling big trouble for fast food chains like Yum Brands Inc's KFC and Pizza Hut.

9 October 2015 | 7:54PM |


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