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Business 08 Apr 2013 | 12:00 AM

HTC posts record-low quarterly profit after delayed phone launch

TAIPEI: HTC Corp reported a record-low quarterly profit on Monday that missed analysts' estimates after the delayed launch of its 2013 flagship smartphone model further undermined sales amid tough competition from Samsung Electronics and Apple.

Business 08 Apr 2013 | 12:00 AM

Hungary central bank panel rushed into vote on stimulus

BUDAPEST: A deputy governor of Hungary’s central bank has said she abstained from voting on the bank’s economic stimulus plan this week because she was only given 35 minutes to read the 40-page document before it was debated and put to a vote in the bank’s Monetary Council.

Business 08 Apr 2013 | 12:00 AM

NTPM investing RM61mil for Ho Chi Minh City plant

GEORGE TOWN: Tissue paper manufacturer NTPM Holdings Bhd is investing US$20mil (RM61.15mil) this year to set up a manufacturing facility in Ho Chi Minh City, Vietnam, to penetrate the domestic market with its products.

Business 09 Apr 2013 | 12:00 AM

DRB-Hicom, MMC, WCT, Alam Maritim to see trading interest

Hwang DBS Vickers Research (HDBSVR) expects DRB-Hicom, MMC Corp, WCT and Alam Maritim to see trading interest on Tuesday.

Business 09 Apr 2013 | 12:00 AM

HTC profit hit by delayed phone launch

TAIPEI: HTC Corp reported a record-low quarterly profit that missed analysts’ estimates after it delayed the full launch of its 2013 flagship smartphone model, which will now debut against Samsung Electronics’ newest Galaxy.

Business 09 Apr 2013 | 12:00 AM

Investment bankers expect EPF to accept revised offer for MISC

PETALING JAYA: The Employees Provident Fund (EPF) could “cave in” and accept the revised offer price of RM5.50 for the privatisation of MISC Bhd, some investment bankers predict.

Business 09 Apr 2013 | 12:00 AM

KLCI slips as investors stay on sidelines

Malaysia's FBM KLCI slipped in early trade on Tuesday as investors decided to stay on the sidelines ahead of the upcoming General Elections.

Business 09 Apr 2013 | 12:00 AM

ECS ICT, Samsung Malaysia Electronics ink B2B distribution deal

ICT distributor ECS ICT Bhd will distribute Samsung's entire range of IT and mobility products to the enterprise market under a business-to-business (B2B) distribution agreement.

Business 09 Apr 2013 | 12:00 AM

North Koreans don't show for work at Kaesong factory park

SEOUL: North Korean labourers did not show up for work on Tuesday at a factory complex operated with South Korea, companies with operations there said, effectively shutting down the zone for the first time since it began shipments in 2004.

Business 09 Apr 2013 | 12:00 AM

KLCI inches up in early trade, but banks weigh

alaysia's blue chips opened slightly higher in early trade on Tuesday, underpinned by buying of Petronas Gas and HLFG but the broader market was firmer with mild buying interest of small caps and lower liners.