Business

Petronas files draft prospectus for petchems IPO

KUALA LUMPUR, Sept 7 — Petronas has filed a draft prospectus for an initial public offering of its entire petrochemicals business, moving a step closer towards creating country’s ... Read More

Asean stocks: Indonesia hits all-time high, others mixed

BANGKOK, Sept 7 — Indonesian shares posted small gains today and the index marked a fresh all-time high ahead of long holidays, but other bourses in the region ended mostly flat ... Read More

EPF’s Q2 investment income RM6b, up by 23pc

KUALA LUMPUR, Sept 7 — The Employees Provident Fund (EPF) recorded an investment income of RM5.93 billion for the second quarter of this year, up 23.47 per cent from RM4.80 ... Read More

Justice department probes Google’s ITA Software deal

BANGALORE, Sept 7 — The US Justice department is looking into Google Inc’s takeover of airline ticketing software firm ITA Software Inc, to determine whether the deal would exert ... Read More

Oracle hires former HP’s Mark Hurd

NEW YORK, Sept 7 — Silicon Valley technology giant Oracle Corp has hired Mark Hurd, the former chief executive of Hewlett-Packard Co who resigned amid a scandal, as ... Read More
KUALA LUMPUR, Sept 7 — The New Economic Model (NEM) has yet to make a significant impression on global economic research analysts who do not appear to be taking the Najib administration’s economic blueprint into account in their current forecasts of Malaysia’s GDP growth.

The NEM framework released in March prescribes economic reforms ... Read More

Traders work at their desks in front of the the DAX board at the Frankfurt stock exchange September 6, 2010. – Reuters pic
Traders work at their desks in front of the the DAX board at the Frankfurt stock exchange September 6, 2010. – Reuters pic

Nokia bets on new smartphones for recovery

HELSINKI, Sept 7 — Nokia, the world’s biggest cellphone maker by volume, will introduce new smartphone models next week at its annual media and industry event, aiming to assure ... Read More

Scomi engineering expects in time 80pc of revenue from abroad

RAWANG, Sept 7 — Scomi Engineering Bhd has targeted its overseas market to contribute about 80 per cent of its revenue going forward, with the start of the Mumbai monorail project ... Read More

Is the property market bubbling over?

By Lee Wei Lian
KUALA LUMPUR, Sept 7 — Prices of residential property have surged by as much as 34 per cent in the past year despite a growing overhang in supply, far outpacing income growth and ... Read More

Strong yuan would hurt China, say state economists

BEIJING, Sept 7 — China must resist external pressure for yuan appreciation because a stronger exchange rate would take a big bite out of economic growth, according to a pair of ... Read More

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