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  • Zelan falls 4.76% on news of arbitration notice

    April 18, 2018 3:19 AM 8

    PETALING JAYA: Zelan Bhd's share price fell half a sen or 4.76% this morning, after announcing that its unit Zelan Holdings (M) Sdn Bhd (ZHSB) has received an arbitration notice from Hitachi Ltd. At 10.50am, the stock stood at 10 sen with 2.3 million shares changing hands. The engineering and construction group has a market capitalisation of RM88.7 million

  • IMF says global smartphone boom has reached peak

    April 17, 2018 10:54 PM 7

    A child plays with his mother's smartphone while their family take a breather in a shopping mall in Kuala Lumpur. — Picture by Saw Siow FengWASHINGTON, April 18 — The global smartphone boom that’s helped propel Asia’s economic growth and reshape trade channels in recent years may have peaked. That’s one of the observations tucked into the International

  • Columbia Asia Group now owns 99.12% of Malaysia-based subsidiary

    April 17, 2018 3:15 PM 8

    PETALING JAYA: Columbia Asia Group now owns 99.12% of subsidiary Columbia Asia Sdn Bhd (CASB) after it completed the purchase of the Employees Provident Fund’s 29.72% interest recently. Columbia Asia Group did not disclose the purchase price, noting that the “transaction between the two parties is under a mutual confidentiality”. “There is no change

  • Withholding tax – best option for e-commerce

    April 17, 2018 1:50 PM 8

    KUALA LUMPUR: Imposing withholding tax on businesses in the digital economy could be the best option at a time when Malaysia wants to capture higher taxes on e-commerce transactions, according to tax experts. Grant Thornton Malaysia’s head of tax advisory and international tax Daniel Woo said the withholding tax mechanism ideally should be the final

  • Temasek said interested in buying into HNA’s Hong Kong airlines

    April 17, 2018 7:24 AM 9

    A HNA Group logo is seen on the building of HNA Plaza in Beijing, China February 9, 2018. — Reuters picSINGAPORE, April 17 — Singapore state investor Temasek Holdings has expressed interest in buying into Chinese conglomerate HNA's Hong Kong-based carriers, Hong Kong Airlines and Hong Kong Express Airways, according to a source familiar with the matter

  • Mier sees inflation moderating to 3pc

    April 17, 2018 6:38 AM 9

    Executive Director of Mier Zakariah Abdul Rashid speaks at the 23rd Corporate Economic Briefing in Kuala Lumpur April 17, 2018. — Picture by Miera ZulyanaKUALA LUMPUR, April 17 — Malaysia’s inflation rate is set to dip to 3 per cent in 2018 on the back of the local currency’s recovery, according to the Malaysian Institute of Economic Research (Mier)

  • Thai telco True says personal data of 11,400 customers made public by unit

    April 17, 2018 4:58 AM 7

    This picture taken on March 20, 2013 shows people looking at their smartphones while waiting for a train at a BTS station in Bangkok. — AFP picBANGKOK, April 17 — Thai mobile phone operator True Corp said today personal identification data of 11,400 of its customers has been made public by its unit iTruemart, in possibly the first known instance of a major

  • Tesla temporarily shuts down Model 3 production in Fremont

    April 17, 2018 2:18 AM 9

    Tesla Model 3 cars are seen as Tesla holds an event at the factory handing over its first 30 Model 3 vehicles to employee buyers at the company’s Fremont facility in California August 1, 2017. — Reuters picFREMONT, April 17 — Tesla Inc yesterday said it was having a planned downtime on the Model 3 production, after a BuzzFeed report said the carmaker

  • India’s palm oil imports higher due to Malaysia’s duty suspension

    April 16, 2018 1:05 PM 13

    File picture shows a worker unloading oil palm fruits from a lorry inside a palm oil factory in Salak Tinggi, outside Kuala Lumpur August 4, 2014. — Reuters picNEW DELHI, April 16 — India’s palm oil imports for the five-month period to March 2018 increased to 3.79 million tonnes from 3.55 million tonnes a year earlier, thanks to Malaysia’s export duty suspension

  • US bans American companies from selling to China’s ZTE

    April 16, 2018 12:42 PM 9

    The company logo of ZTE is seen through a wooden fence on a glass door during the company's 15th anniversary celebration in Beijing in this picture released March 21, 2016. — Reuters picWASHINGTON, April 16 — The US Department of Commerce is banning American companies from selling components to Chinese telecom equipment maker ZTE Corp for seven years