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Business

Exec chairman: AirAsia still an aggressive animal, more promotions coming

KUALA LUMPUR: Newly-appointed executive chairman of AirAsia Bhd Datuk Kamarudin Meranun said competition is forcing his airline to “hit back aggressively”.

Business

Petronas Chemicals earnings down 14% in Q3

KUALA LUMPUR: Petronas Chemicals Group Bhd’s net profit fell 14.4% in the third quarter ended Sept 30 to RM635mil or 8 sen per share from RM742mil or 9 sen per share for the same period a year ago following lower sales across its segments.

Business

Nestle Malaysia Q3 profit climbs 7.3%

PETALING JAYA: Food and beverage giant Nestle (Malaysia) Bhd posted a net profit of RM136.59mil in its third quarter ended Sept 30, up 7.3% from RM127.3mil last year, as revenue rose 5.69% to RM1.21bil against RM1.14bil.

Business

MISC's Q3 profit surges 189% on shipping, Gumusut-Kakap ops

PETALING JAYA: MISC Bhd’s third quarter ended Sept 30 got a boost from Gumusut-Kakap’s first full-quarter contribution as well as improvements in its core shipping business, with analysts expecting better days ahead for the shipping giant.

Business

Indonesia: Solving current account deficit a top priority

JAKARTA: Indonesia’s top priority is to halt a widening current account deficit even if does mean deliberately slowing South-East Asia’s largest economy, the finance minister said.

Business

Adidas pins hopes on World Cup

FRANKFURT: Adidas continued to lose ground to larger rival Nike in Europe in the third quarter, putting pressure on the sports apparel group to make the most of sales opportunities offered by next year’s soccer World Cup in Brazil.

Business

AcelorMittal posts higher Q3 earnings

BRUSSELS: ArcelorMittal, the world’s largest steelmaker, reported higher profit than expected in the third quarter, boosted by increasing iron ore shipments and cost savings, and declared it was through the bottom of the cycle.

Business

Petronas Chemical earnings fall 14.4% in Q3 to RM635mil

Petronas Chemical Bhd’s earnings fell 14.4% on-year in the third quarter ending Sept 30, 2013 to RM635mil from RM742mil, as revenues declined 10.36% to RM3.527bil from RM3.935bil.

Business

Cautious consumers likely curbed US Q3 growth

US economic growth likely slowed a bit in the third quarter as consumers kept a lid on spending, supporting the Federal Reserve's decision to maintain its current pace of bond purchases to stimulate activity.

Business

MISC Q3 earnings surge 188% to RM401m (Update)

KUALA LUMPUR: MISC Bhd’s earnings surged 188.7% to RM401.02mil in the third quarter ended Sept 30, 2013 from RM138.88mil a year ago, especially from the commencement of the Gumust-Kapak floating production system in June 2013.