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When crude oil prices were high, travellers were made to pay fuel surcharges. It took a long time before the charges were done away with. But with oil prices coming down significantly, passengers have not gotten any benefit even though airlines are raking record profits.

Don't burden the passengers; airlines should absorb higher DCA fees

EVERY time airlines are hit with higher costs, their inclination is to pass them on to their passengers.

China to enjoy the Transformers Experience: Starclouds will host and operate Transformers Experience exhibitions in Mainland China for two years on an exclusive licence from the date of the operating of the first exhibition.

Star Media unit on China tour after tie-up with Beijing Starclouds

KUALA LUMPUR: Star Media Group Bhd-owned Victory Hill Exhibitions (VHE) will host the Transformers Experience touring exhibition in China following a tie-up with Beijing Starclouds Entertainment Development Co Ltd.

Ringgit bolstered by bond sales to foreigners at fastest pace in more than a year .

Malaysian bonds sold to foreigners at fastest pace in more than a year

PETALING JAYA: Foreign investors are buying Malaysian bonds at the fastest pace in more than a year, bolstering the ringgit, as their holdings of Government papers surged to all-time highs.

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Ringgit opens lower against US dollar

KUALA LUMPUR: The ringgit opened lower against the US dollar this morning, on better demand for the greenback after the Federal Reserve indicated that an interest rate hike was still on the cards this year.

8 April 2016 | 9:35AM |

Forex

Shell under pressure to reduce spending

LONDON: Royal Dutch Shell is under pressure from shareholders to cut annual spending below US$30 billion after buying BG Group to ensure it can maintain its dividend given the slow oil price recovery.

8 April 2016 | 3:26PM |

Corporate News

ANZ considering sale of AmBank stake

SINGAPORE: ANZ Banking Group is weighing the sale of its 24% stake in Malaysian lender AMMB Holdings Bhd (AmBank) as Australia's No.4 bank steps up efforts to exit minority stakes in Asia, four people familiar with the matter said.

8 April 2016 | 1:42PM |

Corporate News

Genting, Public Bank main drags as ringgit slips

KUALA LUMPUR: Genting Bhd and Public Bank were the main drags on the FBM KLCI at midday on Friday on profit taking as the ringgit lost ground against the main currencies while crude oil prices staged a rebound.

8 April 2016 | 1:19PM |

Forex

Shenzhen, Shanghai home sales plunge after rules tightened

HONG KONG: Home sales in the red-hot property markets of Shanghai and Shenzhen tumbled sharply in the week after authorities made it tougher to buy homes in the cities to prevent a property bubble, surveys by a major Chinese realtor show.

8 April 2016 | 3:05PM |

Economy

Shell under pressure to reduce spending

LONDON: Royal Dutch Shell is under pressure from shareholders to cut annual spending below US$30 billion after buying BG Group to ensure it can maintain its dividend given the slow oil price recovery.

8 April 2016 | 3:26PM |

Corporate News

Shenzhen, Shanghai home sales plunge after rules tightened

HONG KONG: Home sales in the red-hot property markets of Shanghai and Shenzhen tumbled sharply in the week after authorities made it tougher to buy homes in the cities to prevent a property bubble, surveys by a major Chinese realtor show.

8 April 2016 | 3:05PM |

Economy

ANZ considering sale of AmBank stake

SINGAPORE: ANZ Banking Group is weighing the sale of its 24% stake in Malaysian lender AMMB Holdings Bhd (AmBank) as Australia's No.4 bank steps up efforts to exit minority stakes in Asia, four people familiar with the matter said.

8 April 2016 | 1:42PM |

Corporate News

Genting, Public Bank main drags as ringgit slips

KUALA LUMPUR: Genting Bhd and Public Bank were the main drags on the FBM KLCI at midday on Friday on profit taking as the ringgit lost ground against the main currencies while crude oil prices staged a rebound.

8 April 2016 | 1:19PM |

Forex

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