Thu10022014

LAST_UPDATEThu, 02 Oct 2014 6pm

Matrade Urges Malaysian Exporters To Tap Into Brazilian Beauty Market

MatradeKUALA LUMPUR -- The Malaysia External Trade Development Corporation (Matrade) is encouraging Malaysian exporters to venture into the Brazilian beauty market due to an array of business opportunities there.

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Oil Prices Down In Asia, On Day Malaysia Cuts Fuel Subsidies

As oil prices ease around the world with even Saudi Arabia cutting production to equalise demand, October 2, 2014/Pic:ReutersSINGAPORE: Oil prices fell in Asia today, pressured by concerns about a global supply glut and a stronger dollar, analysts said.

Read more: Oil Prices Down In Asia, On Day Malaysia Cuts Fuel Subsidies

Maybank Granted Banking License In Myanmar

PETALING JAYA - Malayan Banking Bhd (Maybank) has been granted a banking license by the Central Bank of Myanmar yesterday to open an office branch in Myanmar.

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Vertu Luxury Phones Go Classic

.LONDON: Bling isn’t the first word you’d associate with Max Pogliani. The 49-year-old chief executive officer of Vertu, maker of luxury smartphones, showed up for an interview in London this week dressed in a conservative navy suit with a chocolate-brown briefcase at his side.

Read more: Vertu Luxury Phones Go Classic

ABB To Supply Power And Automation Technologies To Bumi Armada

Bumi ArmadaKUALA LUMPUR -- ABB Ltd has been selected by Bumi Armada Bhd's subsidiary, Armada Kraken Pte Ltd, to deliver power and automation solutions for the latter's floating, production, storage and offloading vessel (FSPO) destined for the Kraken oil field in the United Kingdom sector.

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Prasarana Announces Leadership Swap

Pic: The MolePETALING JAYA: Prasarana Malaysia Bhd announced that the group director for bus division and CEO of Rapid Bus Sdn Bhd, Datuk Ir Zohari Sulaiman would be taking over leadership of its project development division effective yesterday.

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Businesses Still Facing Pricing, Operational Issues As GST Looms

Pic: The Sun DailyKUALA LUMPUR: The Goods and Services Tax (GST) is due to be implemented in about six months but businesses are still grappling with pricing issues and operational challenges due to the ambiguities related compliance costs and terms which affect cashflow.

Read more: Businesses Still Facing Pricing, Operational Issues As GST Looms

We Can Be More Aggressive On Tax Cuts: Expert

NORMAN HIU/ theSun.KUALA LUMPUR: The government can be more aggressive in reducing corporate tax rates in Budget 2015, said PricewaterhouseCoopers (PwC) Malaysia tax leader Jagdev Singh (pix).

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Sigh Of Relief For Plantation Players,Albeit Temporary

Pic: Genting PlantationsPETALING JAYA:The recently passed plantations bill in Indonesia, which left out an earlier proposed clause to limit foreign ownership of Indonesian estates to 30%, gives temporary relief to most of Malaysian plantation players that have significant exposure there, said analysts.

Read more: Sigh Of Relief For Plantation Players,Albeit Temporary

Local Bourse Lacks Re-Rating Catalyst In Q4

Pic: AstroAwaniPETALING JAYA: RHB Research said the local bourse lacks earnings growth to spark a re-rating anytime soon and does not expect the announcement of the 2015 Budget on Oct 10 to excite investors.

Read more: Local Bourse Lacks Re-Rating Catalyst In Q4