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Business 02 Nov 2012 | 12:00 AM

Singapore’s DBS Q3 profit up 12% as bad debts decline

SINGAPORE: DBS Group Holdings Ltd , South-East Asias biggest lender, posted a 12% rise in thirdquarter net profit, beating expectations on a sharp drop in bad debt charges and on doubledigit growth in income from its core lending business.

Business 05 Dec 2012 | 12:00 AM

Malaysia's blue chips climb to more than 2 week high

Malaysia's blue chips closed at a more than two-week high on Wednesday, underpinned by gains in Genting Bhd and banks while key regional markets surged on more upbeat news from Asian powerhouse China.

Business 04 Dec 2012 | 12:00 AM

Australia central bank cuts interest rate to 3.0%

SYDNEY: Australia's central bank on Tuesday cut the official interest rate to a record low of 3.0 percent, a level not seen since the financial crisis as China's slowdown squeezes the mining industy.

Business 19 Nov 2012 | 12:00 AM

With too many kids, Chery Auto lives off Beijing benefits

BEIJING/SHANGHAI: Chery Automobile Co, once China's largest home-grown auto maker, is relying on government subsidies to turn a profit while domestic rivals Great Wall Motor Co 601633.SS2333.HKand Geely Automobile Holdings pull ahead.

Business 04 Aug 2012 | 12:00 AM

Latest CIMB buy is Bank of Commerce in the Philippines

FOR a region made up of 10 economies, close to 600 million people and a total gross domestic product of some RM6 trillion, Asean can be quite a force to be reckoned with.

Business 21 Aug 2012 | 12:00 AM

KKR buys into Novo, bets on China youth apparel market

HONG KONG: Global buyout fund KKR amp; Co L.P. has placed a bet on China's US$38 billion youth apparel retail market, saying on Wednesday that it will acquire a stake in privately held retailer Novo Holdco Ltd for $30 million.

Business 20 Sep 2012 | 12:00 AM

Gold rally still has legs

PETALING JAYA: Industry executives say the stimulus measures brought on by the US Federal Reserve and European Central Bank (ECB) have yet to be fully priced into gold, despite the profit-taking that immediately followed the commoditys rally on Friday when it rose to its highest in seven months.

Business 22 Sep 2012 | 12:00 AM

Matrix aims to be global player

MATRIX Flavours and Fragrances Sdn Bhd is Malaysia largest manufacturer and exporter of chemical flavourings. It has taken Tan Chee Hong – chemist, entrepreneur and founder – over 35 years to build the company.

Business 27 Aug 2012 | 12:00 AM

Six banks to fund RM1.87bil ferro-alloy plant in Bintulu park

KUCHING: Six banks, including Malaysian ones, have to date indicated their participation to fund OM Materials (Sarawak) Sdn Bhds (OM Sarawak) US$592mil (RM1.87bil) ferro-alloy smelting project in Samalaju Industrial Park in Bintulu.

Business 30 Jun 2009 | 12:00 AM

Bank Negara: Malaysia has scope to lower interest rates if needed

BASEL: Malaysia's central bank has scope to lower interest rates if the global economy worsens, governor Tan Sri Dr Zeti Akhtar Aziz said.