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Business

Asian markets retreat

Major Asian markets retreated to close lower on Tuesday dragged down by weak US economic data and lower commodity prices.

Business

Shareholders are the effective enforcers in corporate governance

KUALA LUMPUR: Active shareholders are more effective than stock market regulators in turning up the heat on public-listed companies (PLCs) over corporate governance issues, say experts.

Business

Q1 results season encouraging

Research outfits are optimistic of a better second half on the back of stronger fiscal implementation and the gradual return of foreign funds to the market.

Business

Regional markets mostly up at midday

Regional markets were mostly up at midday Wednesday following news that the Australian economy had avoided a recession with a first-quarter growth of 0.4% after contracting 0.6% in the last three months of 2009.

Business

Asian markets retreat on North Korea concerns

Asian markets fell in Tuesday trade after temperatures in North East Asia rose following news that North Korea may have moved equipment for a long-range missile test, thereby risking an escalation of hostilities.

Business

Axiata in midst of merging Spice Communications into Idea Cellular

THE former TM International Bhd, b>Axiata Group Bhd,/bhad an embarrassing initiation when it was re-branded in April last year.

Business

Samart ready for aggressive expansion

There's never a better time to stand out.The bitterly competitive global telecommunications industry is facing numerous challenges on the back of soft market conditions due to the global economic crisis.

Business

Axiata to finalise Excel’s rights plan soon

KUALA LUMPUR: Axiata Group Bhd expects to finalise plans for a rights issue for its Indonesian unit, PT Excelmindo Pratama Tbk (Excel), next month.

Business

Interest in blue chips leads KLCI to 8-month high

PETALING JAYA: Market heavyweights, led by Malayan Banking Bhd (Maybank) and Axiata Group Bhd, shot up to lift the benchmark KL Composite Index (KLCI) to a new eight-month high yesterday on speculation that local corporate earnings will catch up with rising stock prices.

Business

Axiata posts lower profit on forex loss

PETALING JAYA: Axiata Group Bhd has posted an unaudited net profit of RM63.9mil for the first quarter ended March 31, down 84.1% as compared with RM402.7mil it posted in the previous corresponding period.