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Kamarudin is AirAsia X’s new group CEO

30 January 2015

KUALA LUMPUR: AirAsia X has appointed founding member Datuk Kamarudin Meranun as its group chief executive officer with effect from Friday.

AirAsia X proposes rights issue with free warrants to raise up to RM395m (Update)

30 January 2015

KUALA LUMPUR: AirAsia X has proposed to undertake a renounceable rights issue together with free warrants to raise gross proceeds of up to RM395mil.

Intel says corporations buying more high-end PCs

30 January 2015

Companies replacing older PCs are increasingly choosing ones with high-end features aimed at improved security and employee efficiency, according to a senior Intel Corp executive.

Public Mutual declares distributions for four funds

30 January 2015

KUALA LUMPUR: Public Mutual, which manages RM63bil worth of funds, declared distributions for four funds for the financial year ending Jan 31, 2015.

Malaysia’s GDP growth lowered on weaker oil prices: S&P

30 January 2015

KUALA LUMPUR: The steep decline in crude oil prices has prompted Standard & Poor's Ratings Services to cut its economic growth outlook for Malaysia in 2015 and 2016.

Malaysia's 1MDB may look at property sales to cut huge debt burden

30 January 2015

KUALA LUMPUR: 1Malaysia Development Bhd (1MDB), a state firm, may look at selling some property assets as part of its new CEO's plan to overhaul the company and slash its huge debt load, people familiar with the matter said.

Tanjung Offshore sees 36m shares traded off-market (Update)

30 January 2015

KUALA LUMPUR: Tanjung Offshore Bhd’s 36 million shares were traded off-market on Friday at an average price of 35 sen.

Moody's affirms Malaysia's A3 rating; outlook positive

30 January 2015

KUALA LUMPUR: Moody's Investors Service has affirmed the government bond and issuer ratings of the Government of Malaysia at A3 while the outlook remains positive.

MITI say imports of rebar from China, Korea won’t impact local industry

30 January 2015

KUALA LUMPUR: The Malaysian government has ended its probe over the alleged dumping of steel concrete reinforcing bars from China and South Korea.

Google takes hit on slower-than-expected growth

30 January 2015

Google profit jumped in the recently ended quarter, but the leap fell short of market expectations as smartphone-centric lifestyles brought with them a shift to cheaper mobile ads.

Astro: Home shopping JV to generate RM500m annual revenue

30 January 2015

KUALA LUMPUR: Astro Malaysia Holdings Bhd expects its home shopping joint venture with South Korea’s Go Home Shopping Inc to generate RM500mil in annual revenue by 2019.

China's new tech rules play to local firms' strengths

30 January 2015

Draft Chinese government regulation would force technology vendors to meet stringent security tests before they can sell to China's banks, an acceleration of efforts to curb the country's reliance on foreign technology that has drawn a sharp response from US business groups.

KLCI edges up 2 points; GenM, Maybank lift

30 January 2015

KUALA LUMPUR: The KLCI edged up close to 2 points at midday on Friday after losing 21 points in the previous four days of trading, with Genting Malaysia and Maybank helping the market along.

Apple roars back to close smartphone gap with Samsung

30 January 2015

With its hot-selling large-screen iPhones released last year, Apple has roared back to the top of the pack with South Korea’s Samsung in the smartphone market.

MH370: Life insurers in Malaysia paid out RM16.8m

30 January 2015

KUALA LUMPUR: Life insurance companies in Malaysia paid out RM16.80mil in insurance claims to the next of kin of passengers and crew members on board Malaysia Airlines flight MH370.

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