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LAST_UPDATESat, 23 Aug 2014 9am

Lion Corp Loss Almost Doubles

Lion Corp's steel division continued to be affected by dumping activities. - Pic courtesy of Lion CorpKUALA LUMPUR: Lion Corp Bhd reported a pretax loss of RM330.62 million for the fourth quarter ended June 30, 2014 compared to a pretax profit of RM25.30 million in the same period a year ago.

Read more: Lion Corp Loss Almost Doubles

Robots Aren’t Stealing Jobs

Pic: TRPWASHINGTON: Robots and computers don’t steal as many jobs as some believe, and automation actually benefits many workers, Massachusetts Institute of Technology Professor David Autor said in a presentation at a Federal Reserve conference.

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MAPEX Penang Eyes Over RM130 Million In Property Deals

Pic: vulcanresearch.blogspot.comGEORGE TOWN: The Malaysia Property Exhibition Penang (MAPEX Penang) expects to record sales of over RM130 million at the three-day event starting Sept 26, 2014 at the Subterranean Penang International Conference & Exhibition Centre here.

Read more: MAPEX Penang Eyes Over RM130 Million In Property Deals

AIA Public Declares RM8.5 Million Surplus

Pic: www.aiapublic.com.myKUALA LUMPUR: AIA Public Takaful Bhd (AIA Public) has declared a total surplus distribution of RM8.5 million for the financial year ended Nov 30, 2013, involving more than 36,000 certificates under the company.

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Lights Off At JVC As Abenomics Finds Exporters In Decline

Pic: Bloomber MalaysiaTHE lights are off in the lobby of JVC Kenwood (6632) Corp.’s headquarters in Yokohama and there’s no one to greet guests. It’s what’s become a typical weekday afternoon.

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Japanese Firms Face Labour Shortage

Pic: www.equipaje.frTOKYO: Some 60% of Japanese firms are finding it increasingly difficult to secure sufficient workers, hit by a pervasive labour shortage that is pushing up hiring costs and starting to eat into profits, a Reuters poll showed.

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CGC’s President & CEO To Retire On Dec 31

Pic: www.cgc.com.myPETALING JAYA: Credit Guarantee Corporation Malaysia Berhad (CGC) announced the retirement of its president and chief executive officer (CEO) Datuk Wan Azhar Wan Ahmad effective December 31 this year.

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OCBC To Sell Property Firm Stake

Pic: commons.wikimedia.orgSINGAPORE: Oversea-Chinese Banking Corp (OCBC) is in talks to sell its stake in United Engineers Ltd (UE), a Singapore property and construction company, to Thai billionaire Charoen Sirivadhanabhakdi, said people familiar with the matter.

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ACCCIM: There’s Room To Ease Cooling Measures

Pic: NSTKUALA LUMPUR: With various stringent measures currently in place, developers will have greater competition in terms of product offerings and pricing, said See Hoy Chan Holdings director Tan Sri Teo Chiang Kok.

Read more: ACCCIM: There’s Room To Ease Cooling Measures

Selangor Dredging: More Upcoming Projects,

Selangore Dredging LogoKUALA LUMPUR: Selangor Dredging Bhd plans to launch new property projects with a combined RM500 million gross development value (GDV) in the next six to nine months, said its managing director Teh Lip Kim.

Read more: Selangor Dredging: More Upcoming Projects,