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  • Salary packages for top management on the rise, says Hay Group

    February 4, 2014 5:25 AM 18

    Malaysian ringgit bank notes of different denominations are seen in this picture illustration taken in Kuala Lumpur August 21, 2013. – Reuters picKUALA LUMPUR, Feb 4 — The total salary package for chief executive officers (CEOs) and key top management staff in Malaysia is on the rise as more organisations are shifting to performance-linked incentives

  • WHILE THE PEOPLE SUFFER: Tariff hike won't boost TNB's profit, 'only' enough to cover for higher gas cost - CEO

    February 4, 2014 4:27 AM 21

    Some may expect the new tariff hike to hugely benefit Tenaga Nasional Bhd (TNB), but the utility giant said the event should be neutral to its financial performance. This is because the bulk of the 15 per cent tariff jump, effective January 1, is to cater for increased gas cost. TNB chief financial officer Fazlur Rahman Zainuddin said 78.6 per cent of the tariff

  • SIA: Semiconductors Finally Break $300 Billion Barrier

    February 4, 2014 3:41 AM 20

    The semiconductor industry finally broke through a barrier that it has been struggling to overcome since the middle 1990s: Annual revenues surpassed $300 billion. That’s the finding released today by the Semiconductor Industry Association (SIA) who said that the World Semiconductor Trade Statistics (WSTS) compiled industry sales of $305.6 billion in 2013, or 4.8% higher

  • Global carmakers scour India's backroads for dream market

    February 3, 2014 9:00 PM 8

    [MUMBAI] For global carmakers, the dusty backroads of rural India could be the new El Dorado. As economic torpor suffocates demand for new cars in India's megacities, incomes are growing faster in small towns and country areas. That's pushing the likes of General Motors and Honda to fan out in search of buyers in places where fewer than 20 people in every

  • Brazil's Rousseff shifts Cabinet into election gear

    February 3, 2014 5:40 PM 49

    BRASILIA (Reuters) - President Dilma Rousseff on Monday picked a co-founder of her leftist Workers' Party to oversee the Cabinet as Brazil gears up for October general elections, in which she's expected to run for a second term. She swore in Aloizio Mercadante as chief of staff, the lead Cabinet post, succeeding Gleisi Hoffmann who plans to run for governor

  • China drags on otherwise buoyant Asia factory sector

    February 3, 2014 6:35 AM 20

    BEIJING (Reuters) - Asian manufacturing outside China showed signs of solid expansion in January as order books swelled, but factories in the region's giant struggled for growth, heightening concerns about an economic slowdown. China's service-sector growth also slowed down - to a five-year low - in another sign of the stuttering economic momentum that has been a factor

  • More electricity rate ‘shocks’ on horizon, ANZ warns

    February 3, 2014 6:29 AM 14

    Pointing to steadily increasing prices for liquefied petroleum gas, the primary fuel source for power generation in Malaysia and many other ASEAN states, analysts at ANZ forecast that governments in the region will be under pressure to hike electricity rates further. — Reuters picKUALA LUMPUR, Feb 3 — Malaysians consumers and firms still adjusting to the recent

  • A double harvest - Environment

    February 3, 2014 1:58 AM 23

    USING fish to make fertiliser isn’t a new concept. But John Morris has modernised the process through a sophisticated farming operation called aquaponics. Last February, Morris turned his 3.2ha Isle of Wight, Virginia, spread into the Herb Aqua Farm. Inside two large greenhouses, Morris raises tilapia fish in large tanks. The fish produce waste, and the wastewater

  • Sunway plans new property jobs worth RM1.5bil (SGD$0.57bil) in Penang

    February 3, 2014 1:49 AM 12

    GEORGE TOWN - Sunway Bhd plans to develop a RM450mil (SGD$171.7mil) high-rise residential property project and a RM1.05bil shopping mall over the next two years on 9.82ha in Paya Terubong which it acquired recently. Group senior general manager Tan Hun Beng told StarBiz that the residential project would likely begin next year, while the shopping mall, in 2016. "We have yet to fix the selling

  • Baram dam already dividing ethnic communities

    February 2, 2014 10:56 PM 17

    The blockade mounted by villagers protesting against the Baram hydroelectric project last October. – The Malaysian Insider pic, February 2, 2014. The irony of the anti-dam protest in the Sarawak interior of Baram is that even as the indigenous people chalked up 100 days of their quest to stop the proposed RM4 billion hydroelectric dam, their centuries-old