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Plenitude aims to maintain sales

Plenitude aims to maintain sales

KUALA LUMPUR: Property developer cum hotel operator Plenitude Bhd is hoping to maintain property sales of RM250 million for the financial year ending June 30, 2016 (FY16) despite adopting a cautious stance on new property launches. It plans to launch properties worth RM1 billion in the next two years. In FY15, it launched 463 units […]

November 4, 2015 | By | Reply More
MISC’s Q3 net profit rises 2.7%

MISC’s Q3 net profit rises 2.7%

PETALING JAYA: MISC Bhd’s net profit rose 2.71% to RM483.56 million for the third quarter ended Sept 30, 2015 against RM470.8 million in the previous corresponding period, thanks to higher revenue in the petroleum business and improvement in charter rates in the chemical segment. Revenue for the quarter under review jumped 14.92% from RM2.18 billion […]

November 4, 2015 | By | Reply More
UEM Edgenta on Forbes Asia’s ‘Best Under A Billion’ list for 2015

UEM Edgenta on Forbes Asia’s ‘Best Under A Billion’ list for 2015

KUALA LUMPUR: UEM Edgenta Bhd is one of 11 Malaysian companies that has earned a spot on Forbes Asia’s “Best Under A Billion” list for 2015. The “Best Under A Billion” list honours 200 leading public companies in the Asia-Pacific region with annual revenue of between US$5 million and US$1 billion (RM21.3 million and RM4.26 […]

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Facebook grows user base to 1.55 billion, profits up

Facebook grows user base to 1.55 billion, profits up

SAN FRANCISCO: Facebook said on Wednesday (Nov 4) its profit in the past quarter jumped 11 per cent to $891 million as advertising revenues soared. The world’s biggest social network also said the number of monthly active users hit 1.55 billion, up 14 per cent from a year earlier. Revenues leapt 45 per cent from a […]

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Oil prices tumble after US supplies, production rise

Oil prices tumble after US supplies, production rise

NEW YORK: World oil prices tumbled on Wednesday (Nov 4) on rising US commercial crude inventories and production and a Federal Reserve-driven stronger dollar. Brent North Sea crude for December, the global benchmark for oil, closed at US$48.58 a barrel in London, down US$1.96 from Tuesday’s settlement. US benchmark West Texas Intermediate for delivery in December tumbled US$1.58 […]

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Uncertainty over future interest rates should shape policy today

Uncertainty over future interest rates should shape policy today

THE question of when interest rates will rise gets frequent attention. Less energy is spent wondering where they will end up in the long-run. But for companies thinking about long-term investment projects, and savers planning for retirement—who will need to contribute more to their pension pots should rates stay low—the second question is at least […]

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How uncertainty over future interest rates should shape policy today

How uncertainty over future interest rates should shape policy today

THE question of when interest rates will rise gets frequent attention. Less energy is spent wondering where they will end up in the long-run. But for companies thinking about long-term investment projects, and savers planning for retirement—who will need to contribute more to their pension pots should rates stay low—the second question is at least […]

November 4, 2015 | By | Reply More
For policy, Fed must consider not just macro but micro economy: Dudley

For policy, Fed must consider not just macro but micro economy: Dudley

NEW YORK: The Federal Reserve must look beyond broad measures of the U.S. labor and housing market to understand how its policies affect individual Americans, New York Fed President William Dudley said on Wednesday. In remarks that did not address the current state of U.S. monetary policy, Dudley said that “micro-level” economic data can paint […]

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Fed's Yellen says growth in US domestic economy is 'solid'

Fed's Yellen says growth in US domestic economy is 'solid'

WASHINGTON: America’s domestic economy is growing at a “solid pace” but overall economic growth is being held back by weakness abroad, Federal Reserve Chair Janet Yellen said on Wednesday. “At the moment what we see is a domestic economy that is pretty strong and growing at a solid pace, offset by some weakening spilling over […]

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Fed plans only gradual rate hikes to protect housing: Yellen

Fed plans only gradual rate hikes to protect housing: Yellen

REUTERS: The Federal Reserve expects to raise U.S. interest rates only gradually in part to protect the housing market and avoid a “sharp” rise in mortgage rates, Fed Chair Janet Yellen said on Wednesday. Yellen, addressing House lawmakers, said the central bank’s policy-setting committee does not expect a “very steep” path of rate hikes that […]

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