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Business

Star appoints Chun Wai acting group chief executive officer

PETALING JAYA: Star Publications (M) Bhd has appointed Datuk Seri Wong Chun Wai as acting group chief executive officer effective Aug 1.

Corporate News

Malaysia mission to San Diego convention seals seven bio deals

KUALA LUMPUR: The Malaysian bio-trade and investment mission in conjunction with the 2014 BIO International Convention in San Diego resulted in seven exchanges of documents for collaboration in the biomedical and wellness industry.

Business

KPJ in Johor hospital venture

KPJ Healthcare Bhd has entered into a joint-venture agreement with UTM Holdings to develop and operate a private hospital on a piece of leasehold land in Kulaijaya, Johor. KPJ will hold 60% of the joint venture (JV) equity, while UTM Holdings will hold the remaining 40%.

Business

Diary Malaysia July 9 Wednesday

KUALA LUMPUR: ALL TIMES ARE PROVISIONAL AND IN LOCAL TIME FOLLOWED BY GMT IN BRACKETS

Corporate News

Internet privacy service Tor warns users it was attacked

BOSTON: Tor, the prominent system for protecting Internet privacy, said on Wednesday many of its users trying to reach hidden sites might have been identified by government-funded researchers.

Business

After beating Google in Korea, billionaire tries to take on Google abroad

SEOUL: The billionaire founder of web portal operator Naver Corp beat back Google Inc to leave South Korea one of few countries where the US search engine does not dominate.

Business

Samsung posts 19.6% fall in Q2 net profit

SEOUL: Samsung’s net profit plunged almost 20% in the second quarter as competition from cheap Chinese phones and the strong South Korean won saw sales slump in its key mobile business.

Business

Samsung Electronics faces falling profits as succession looms

SEOUL: Smartphone leader Samsung Electronics Co Ltd faces a third straight quarter of profit decline that could become a fourth as cheaper models grab a bigger share of a slowing market and Apple Inc readies the launch of its iPhone 6.

Business

Russian firm MegaFon shifts cash to HK dollars

Moscow: OAO MegaFon, Russian billionaire Alisher Usmanov’s wireless operator, has been shifting its cash holdings into Hong Kong dollars as the United States and Europe ratchet up sanctions against the country.

Technology

Intelligent cars draw investors flock to tech stocks

PARIS: Technology and telecoms firms could be the big winners in a connected car market that may be worth US$50bil over the next decade, luring investors away from traditional automakers.