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SIBU: Its strategic location means Sibu can be the gateway to greater development in the central region. In pointing this out, Chief Minister Tan Sri Abdul Taib Mahmud said Kanowit, Kapit and Mukah would gain when the areas between Samalaju in Bintulu, Tangung Manis in Mukah and Murum in Kapit were being developed for hydro dam projects and large scale agricultural and industrial projects.
KUALA LUMPUR: Shares of Sarawak-based property developer Naim Holdings Bhd fell to the lowest since mid-May, hitting a low of RM3.25 on Thursday as its second quarter profit was impacted by contract losses in Fiji.
PETALING JAYA: Talks about the sale of Malaysia Airlines (MAS) has resurfaced, with several parties believed to have sent in proposals to the Government to buy over the loss-making airline, industry sources said. However, it is learnt that no deal has been formalised yet.
KUALA LUMPUR: CIMB Equities Research said Oriental Holdings’ results disappointed yet again in 2Q13 with 1H13 core earnings per share (EPS) coming in at 28% of its full-year forecast.
KUALA LUMPUR: CIMB Equities Research expects Jaya Tiasa's timber earnings to surge in the coming quarters, due to the recent sharp rise in log prices.
TOKYO: JAPANESE shares are likely to gain further this week on robust investor appetite as confidence grows in the government's ability to deliver economic growth, analysts said on Friday.
NEW YORK: Investors in Apple's record U.S. US$17 billion bond deal have suffered some of the biggest losses in recent investment-grade new issues, with about $760 million wiped off the value of longer-maturing Apple securities that they bought just weeks ago.