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Business 12 Nov 2012 | 12:00 AM

MPOC slams French senator's huge tax increase on palm oil

The Malaysian Palm Oil Council (MPOC) has slammed a French senator's proposed Nutella tax - the imposition of a 300% tax increase on palm oil -- and urged the French government to reject his proposal.

Business 12 Nov 2012 | 12:00 AM

Exxon's PNG LNG project cost balloon to US$19bil

SYDNEY: The cost of Exxon Mobil's massive gas export project in Papua New Guinea will soar more than 20 percent to US$19 billion due to foreign exchange impacts and delays from work stoppages and land access issues, but it is still expected to start in 2014.

Business 10 Nov 2012 | 12:00 AM

Disney profit meets expectations

LOS ANGELES: Media giant Walt Disney Co posted higher quarterly profit, lifted by an increase in visitors to its theme parks and revenue gains at sports juggernaut ESPN.

Business 10 Nov 2012 | 12:00 AM

Paramount in Cyberjaya

Paramount Property Development Sdn Bhd has launched its most up-market residential development in Cyberjaya, Selangor, last month to kick off its move up the value chain and rebranding exercise.

Business 10 Nov 2012 | 12:00 AM

Former Sime CEO moves to strike out charges

KUALA LUMPUR: The defence in the case of a former Sime Darby Bhd president and group CEO charged with two counts of criminal breach of trust for more than RM100mil would file an application to strike out the charges against him.

Business 10 Nov 2012 | 12:00 AM

Lessons from the US presidential race

Tan Thiam Hock points out that there arelessons to be learnt from the recentlyconcluded US presidential election forowners of businesses in the country.

Business 09 Nov 2012 | 12:00 AM

Musa retires as Sime chairman

PETALING JAYA: Former deputy prime minister Tun Musa Hitam, 78, has relinquished his position as director and chairman of Sime Darby Bhd after holding those positions for more than five years.

Business 09 Nov 2012 | 12:00 AM

Engtex unit buys land to build office

KUALA LUMPUR: Engtex Group Bhd's wholly-owned subsidiary, Ivory Progression Sdn Bhd, has bought 7,455-sq-m freehold land for RM19.3mil in Aman Puri, Kepong, from Potensi Cekap Sdn Bhd.

Business 09 Nov 2012 | 12:00 AM

QL’s growth remains intact

Despite the strong run-up in consumer stocks share prices, QL (+2.6% year-to-date) is relatively cheap at 16.5 times FY13 price earnings ratio, below the 18 times FY13 PER average of our universe of consumer stocks.

Business 09 Nov 2012 | 12:00 AM

Distinctive in RM1.5bil property project

PETALING JAYA: Iskandar Investment Bhd has signed a lease purchase agreement with Distinctive Ace Sdn Bhd, a member of Distinctive Group, for the latter to develop a parcel of land in zone A of Medini into a mixed commercial development project with a gross development value (GDV) of RM1.5bil.