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Bantah TPPA: Our worst fears confirmed

Bantah TPPA: Our worst fears confirmed

PETALING JAYA: Bantah TPPA said its worst fears have been confirmed following the disclosure of the finalised texts of the Trans-Pacific Partnership Agreement (TPPA) yesterday, highlighting two chapters of the agreement related to intellectual property and investment. In a statement issues yesterday, group chairman Mohd Nizam Mahshar said the intellectual property chapter will jeopardise access […]

November 5, 2015 | By | Reply More
Acoustech benefits from weaker ringgit

Acoustech benefits from weaker ringgit

PORT KLANG: Audio equipment manufacturer Acoustech Bhd said the weakening of ringgit against the greenback has brought a windfall for the company, as it gains on export activities. Acoustech’s core business is in the manufacturing of speaker units on an original equipment manufacturing basis for major consumer electronic brand names, including Sony, Panasonic, JVC and […]

November 5, 2015 | By | Reply More
‘TPP agreement can be amended’

‘TPP agreement can be amended’

KUALA LUMPUR: The Trans-Pacific Partnership Agreement (TPPA) can be amended with the agreement of all parties involved. The final text of the agreement released yesterday said amendments can be made after each party completes its applicable legal procedures and notifies, in writing, a depositary which is responsible for receiving and disseminating documents. The text also […]

November 5, 2015 | By | Reply More
Johor Corp offers RM4.10 a share to take Kulim private

Johor Corp offers RM4.10 a share to take Kulim private

PETALING JAYA: Johor Corp has launched a takeover offer for Kulim (Malaysia) Bhd through a selective capital reduction (SCR) and repayment exercise, with an intention to delist Kulim. The offer price of RM4.10 per share, represents an 80 sen or 24.24% premium against the closing price of RM3.30 on Wednesday. In a filing with the […]

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Handal will be affected by Petronas capex cut

Handal will be affected by Petronas capex cut

KUALA LUMPUR: Handal Resources Bhd expects Petroliam Nasional Bhd’s (Petronas) capital expenditure (capex) cut and consolidation within the oil and gas industry to affect its net profit and order book. “Yes, it would (affect our net profit and order book). As I said, we are more or less mitigated by the effect because of our […]

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Bursa Malaysia ends marginally higher

Bursa Malaysia ends marginally higher

KUALA LUMPUR: Bursa Malaysia bucked the regional trend to finish marginally higher today, dealers said. A dealer said the gains, however, were pared by mild profit-taking. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 2.92 points to end at 1,688.54 after moving between 1,679.91 and 1,696.99 throughout the day. Gainers thumped losers […]

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Ringgit closes easier against US dollar

Ringgit closes easier against US dollar

KUALA LUMPUR: The ringgit ended lower against the US dollar today weighed by expectations of a possible hike in US interest rates in December, dealers said. At 5pm, the ringgit was quoted at 4.2920/2970 against the greenback from Wednesday’s 4.2630/2680. A dealer said the ringgit weakened in tandem with regional currencies following comments by US […]

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Text of TPP free trade pact released: New Zealand

Text of TPP free trade pact released: New Zealand

TOKYO: The text of the Trans-Pacific Partnership (TPP) was released Thursday, offering the first detailed look at the contents of the world’s largest free trade area. New Zealand’s Ministry of Foreign Affairs and Trade put the 12-nation agreement’s text on its website, saying it would “continue to undergo legal review”. The accord must be signed […]

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Bursa opens lower in early trade

Bursa opens lower in early trade

KUALA LUMPUR: Bursa Malaysia reversed yesterday’s gains to open lower this morning, following the weaker overnight close at Wall Street dampened by the fall in crude oil prices. At 9.13am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,681.72, down 3.9 points, after opening at 1,683.43. Brent Crude, the global benchmark, fell US$1.96, […]

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Ringgit eases against US dollar at opening

Ringgit eases against US dollar at opening

KUALA LUMPUR: The ringgit eased against the US dollar at opening today dampened by weaker oil price sentiment, dealers said. At 9am, the ringgit was quoted at 4.2850/2940 versus the greenback from 4.2630/2680 at 5pm on Wednesday A dealer said Brent crude, the global crude oil benchmark, was down almost 4% to US$48.58 a barrel […]

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