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Tax professionals, bankers, IT cloud experts in high demand

28 January 2015

KUALA LUMPUR: With the implementation of the Goods and Service Tax (GST) to be implemented in April 2015, tax professionals experienced in GST and transfer pricing will be in high demand, according to a survey.

Khazanah selling Tenaga stake worth up to US$454m

28 January 2015

KUALA LUMPUR: Malaysian state investor Khazanah Nasional Bhd is selling 112 million shares worth up to US$454mil in Tenaga Nasional Bhd, according to a term sheet seen by Reuters on Wednesday.

Tanjung Offshore suspends 3 officials pending further inquiry

28 January 2015

KUALA LUMPUR: Tanjung Offshore Bhd has suspended three company officials pending a further inquiry following the recommendation of an independent committee following an internal review.

LPI Capital FY14 earnings jump 40.5% to RM283m

28 January 2015

KUALA LUMPUR: LPI Capital Bhd’s earnings jumped 40.5% to RM283.02mil in the financial year ended Dec 31, 2014 compared with RM201.44mil a year ago, boosted by its unit Lonpac Insurance Bhd (Lonpac).

Mitrajaya secures RM230m public housing project in Putrajaya

28 January 2015

KUALA LUMPUR: Mitrajaya Holdings Bhd has secured a RM229.87mil public housing project – comprising of 1,062 units -- in Precint 5, Putrajaya.

Gunung Capital: National Service deferment to impact batches 2 and 3

28 January 2015

KUALA LUMPUR: Gunung Capital Bhd expects the cancellation of the National Service programme for 2015 under the revised Budget to impact only batches two and three but the programme was expected to resume in 2016 and 2017.

Bank Negara sees lower inflation, maintains OPR

28 January 2015

KUALA LUMPUR: Bank Negara Malaysia (BNM) forecasts inflation for 2015 to be lower that earlier anticipated due to due to the lower energy and commodity prices.

KLCI slips below 1,800 as Maybank, PetChem fall

28 January 2015

KUALA LUMPUR: Maybank and Petronas Chemicals came under profit taking on Wednesday and dragged the 30-stocks FBM KLCI below the key 1,800 level while key Asian markets were mixed.

Shares in Apple suppliers leap on record results

28 January 2015

Shares in European companies that supply parts to Apple Inc leapt on Jan 28 after the tech giant reported the largest profit in corporate history, driven by record sales of iPhones and strong demand in China.

Videogame giant Nintendo says its 9-month (to December) net profit soared six-fold to US$504mil as a sharply weaker yen boosted its bottom line and helped offset slowing sales of its 3DS system - AFP Photo.

Nintendo says April-Dec net profit surges six-fold to US$504mil

28 January 2015

TOKYO: Japanese videogame giant Nintendo said Wednesday its April-December net profit soared six-fold to US$504mil as a sharply weaker yen boosted its bottom line and helped offset slowing sales of its 3DS system.

LG Electronics says its 2014 operating profit rose 46% from a year before to US$1.66bil - AFP Photo.

LG Electronics says 2014 profit up 46%, meets estimates

28 January 2015

SEOUL: South Korea's LG Electronics Inc on Wednesday said its 2014 operating profit rose 46% to 1.8 trillion (US$1.66bil), buoyed by strong demand for television sets as well as a turnaround in its smartphone business.

Japan’s Nintendo says Apr-Dec net profit surges six-fold to US$504mil

28 January 2015

Japanese videogame giant Nintendo said its April-December net profit soared six-fold to US$504mil (RM1.82bil) as a sharply weaker yen boosted its bottom line and helped offset slowing sales.

Fitch Ratings affirms Pacific & Orient Insurance’s IFS rating at BBB+

28 January 2015

KUALA LUMPUR: Fitch Ratings has affirmed Pacific & Orient Insurance Co. Bhd's Insurer Financial Strength (IFS) rating at “BBB+” with Stable Outlook.

MARC affirms AAA rating on PLUS Bhd’s RM23.35b Sukuk

28 January 2015

KUALA LUMPUR: Malaysian Rating Corporation Bhd (MARC) has affirmed the AAAIS rating on tolled road concessionaire Projek Lebuhraya Usahasama Bhd's (PLUS Bhd) RM23.35bil Sukuk Musharakah Programme (sukuk) with a stable outlook.

Alibaba finance arm sets up China consumer credit-scoring system

28 January 2015

The financial services affiliate of Alibaba launched a system that will use the e-commerce giant's data trove to assess the creditworthiness of Chinese consumers and businesses with little or no history at traditional lenders.

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