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Business 21 Jan 2015 | 8:40 AM

Malaysian palm oil/Vegoils: Market factors to watch on Wednesday Jan 21

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday Jan 21.

Business 21 Jan 2015 | 7:11 AM

M'sian palm oil price edges up on near 6-yr low ringgit

KUALA LUMPUR: Malaysian palm futures slipped to a two-week low on Tuesday as lacklustre demand and a grim outlook on global commodity markets piled pressure, but prices pulled up in late trade as they clung onto support from the ringgit that slumped to near 6-year lows.

Business 21 Jan 2015 | 6:38 AM

Equities rise worldwide, Wall St. reverses early losses, US$ up

NEW YORK: Equities rose worldwide on Tuesday, with Wall Street reversing early losses and the dollar rising 1 percent against the Japanese yen, as diminishing global growth prospects bolstered hopes for central bank stimulus.

Business 21 Jan 2015 | 12:00 AM

Govt reveals M'sia net importer of crude oil, petroleum products since 2014

PUTRAJAYA: In a surprise turn of events, the Government has disclosed that Malaysia is a beneficiary of declining crude oil prices because the country is a net importer, and not exporter, of the commodity and petroleum products, if liquefied natural gas (LNG) was not in the equation.

Nation 21 Jan 2015 | 12:00 AM

Co-ordinated approach to boost country’s economy

KUALA LUMPUR: In a rare co-ordinated approach, the Government has come out strongly to dispel the notion that the country’s economic position is in crisis mode due to the steep fall in global crude oil prices. It has also expressed confidence that the depreciating ringgit will adjust over time to reflect the nation’s economic fundamentals.

Business 21 Jan 2015 | 12:00 AM

TNB down, but construction up on budget relief

PETALING JAYA: Shares in Tenaga Nasional Bhd (TNB) came off near a record high after the Government postponed a scheduled tariff hike this year to shore up the fledgling economic growth following a review on public spending.

Business 21 Jan 2015 | 12:00 AM

Wahid: Higher fiscal deficit target within plan

PUTRAJAYA: The Government expects financial analysts and international rating agencies to understand and view favourably Malaysia’s decision to revise higher its fiscal deficit target for 2015, given the prevailing global economic uncertainties, especially with regards to crude oil prices, says Minister in the Prime Minister’s Department, Datuk Seri Abdul Wahid Omar.

Lifestyle 20 Jan 2015 | 8:10 PM

2014 hottest year on record, scientists confirm

Two ongoing studies on global temperatures confirm that 2014 is the hottest year since measurements were first taken in the 19th century.

Business 20 Jan 2015 | 6:06 PM

CIMB, Tenaga drag KLCI amid mixed market

KUALA LUMPUR: The FBM KLCI was among the worst performers among the key regional markets on Tuesday as crude oil extended its decline amid a mixed market while funds sold CIMB and Tenaga Nasional.

Business 20 Jan 2015 | 4:31 PM

Irwan Serigar: Petronas' dividend contribution slightly lower in 2015

PUTRAJAYA: Petronas' dividend contribution to the government this year will be slightly lower than the previous contribution as the amount would be calculated based on last year's crude oil price.