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Procter & Gamble’s profits rise despite currency drag

Procter & Gamble’s profits rise despite currency drag

  Procter & Gamble saw a jump in profits in the most recent quarter, but is seeing rising costs and a hit from the stronger US dollar (AFP pic) NEW YORK: Consumer goods giant Procter & Gamble plans more price hikes on several consumer products due to increasing material costs and the strong dollar, the […]

October 19, 2018 | By | Reply More
Merkel calls for free trade as EU, Asia meet

Merkel calls for free trade as EU, Asia meet

German Chancellor Angela Merkel’s latest government has struggled through one crisis after another. (AFP pic) BRUSSELS: German Chancellor Angela Merkel issued a rallying call for free trade Friday as EU and Asian leaders met to unite in defiance of US President Donald Trump’s “America first” approach. As disputes fester with Washington, the EU wants to […]

October 19, 2018 | By | Reply More
Nazrul Izam appointed Felcra Berhad CEO

Nazrul Izam appointed Felcra Berhad CEO

Mohd Nazrul Izam Mansor (Right). KUALA LUMPUR: Former managing director of Teras Dara Konsortium Sdn Bhd, Mohd Nazrul Izam Mansor, has been appointed as the new Felcra Berhad CEO effective Oct 22. Felcra Berhad chairman Nageeb Wahab said the appointment of Mohd Nazrul Izam, 43, a trained chartered accountant, was to replace Zulkarnain Md Eusope, […]

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Europe, US escalate trade war with duelling disputes at the WTO

Europe, US escalate trade war with duelling disputes at the WTO

  An employee monitors electric arc furnace at Liberty Steel’s Aldewerke mill in Rotherham, U.K., on Wednesday, March 21, 2018. (Bloomberg pic) GENEVA: China and the EU have joined a group of countries asking the World Trade Organization to investigate the Trump administration’s decision to impose metals tariffs on national security grounds. In a separate […]

October 19, 2018 | By | Reply More
China urges investor calm while stopping short of market rescue

China urges investor calm while stopping short of market rescue

A man sits in front of an electronic board displaying share prices at a securities brokerage in Beijing, China, on Monday, March 7, 2016. (Bloomberg pic) HONG KONG: China’s top financial officials moved to shore up confidence in the country’s tumbling stock market, marshalling a rare show of coordinated verbal intervention as the government tries […]

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The Rice Day 2018 campaign

The Rice Day 2018 campaign

HOUSEHOLD brand names Jasmine Food Corporation (Jasmine) and Tefal Malaysia collaborate in organising The Rice Day 2018. The event was established to create awareness and educate the public on the benefits of rice, at the same time bust the myths and common misconceptions about this dietary staple. The event, themed “No Rice, No Life”, is […]

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Ringgit closes slightly lower against US dollar

Ringgit closes slightly lower against US dollar

Malaysian ringgit notes against US dollar background KUALA LUMPUR: The ringgit continued its downtrend to close slightly lower against the US dollar today, as buying sentiment towards the local unit deteriorated after the government cut economic growth projections and dropped plans to balance the budget by 2020. At 6pm, the ringgit edged down to 4.1560/1600 […]

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Broader external market weakness  pulls FBM KLCI lower

Broader external market weakness pulls FBM KLCI lower

Bursa Malaysia (Bloomberg pic) KUALA LUMPUR: Bursa Malaysia ended lower today on a broader external market weakness, but the decline was capped by selective play in plantations and third liners, an analyst said. The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) declined 5.87 points to 1,732.14 against Thursday’s close of 1,738.01. The index opened 4.3 […]

October 19, 2018 | By | Reply More
BIG promo offer from KK to Kunming, direct

BIG promo offer from KK to Kunming, direct

FROM Nov 30, Sabahans will be able to fly direct from Kota Kinabalu to Kunming. The new route on AirAsia will offer four flights a week and marks AirAsia Group’s fourth route into the capital of Yunnan province. It is also the airline’s 10th international route from the hub in Kota Kinabalu. Kunming, known as […]

October 19, 2018 | By | Reply More
Nazir Razak steps down as CIMB chairman today, succeeded by Mohd Nasir Ahmad

Nazir Razak steps down as CIMB chairman today, succeeded by Mohd Nasir Ahmad

PETALING JAYA: CIMB Group Holdings Bhd has received Bank Negara Malaysia’s approval for the appointment of Datuk Mohd Nasir Ahmad as the group chairman effective tomorrow. He will succeed Datuk Seri Nazir Razak, who is stepping down today. On Sept 24, Nazir announced his intention to retire from his position as the group chairman and […]

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