Tue09162014

LAST_UPDATETue, 16 Sep 2014 2pm

US Said To Complain To China Over Anti-Monopoly Crackdown

A man walks past a car with a logo of US chipmaker Qualcomm on its windshield, in Beijing, September 13, 2014/Pic:ReutersWASHINGTON: US expressions of concern that China is selectively applying anti-monopoly laws to discriminate against foreign companies escalated, with the Treasury chief sending a letter on the matter to his counterpart in Beijing.

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Astro Deploys Audience Measurement Service

Pic: TMIKUALA LUMPUR: Astro Malaysia Holding Bhd has appointed Kantar Media, a world leader in television audience measurement, to deploy and manage a proprietary audience measurement service.

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Shanghai FTZ Top Official Resigns

The deputy head of Shanghai's FTZ will vacate his post leaving another dent to the much-hyped project, Sept 15, 2014. — Reuters picSHANGHAI— The most senior official of Shanghai’s free trade zone left his position before the project’s first anniversary later this month, the official Xinhua News Agency reported.

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Toll Increase To Further Erode Iskandar’s Cost Advantage, Say Experts

BN MP for Pulai Datuk Nur Jazlan Mohamed said the toll rates need to be reasonable for Iskandar and JB to flourish, Sept 15 , 2014. — Yusof Mat IsaSINGAPORE— Businesses here looking to relocate some of their operations to Malaysia’s Iskandar special economic zone may have to rework their sums, following the increase in tolls announced by the Land Transport Authority (LTA) on Friday, and the higher transport costs will further erode the shrinking cost advantage, economists told TODAY.

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New Accounting Rules Have European Banks Under Pressure

The euro sculpture is seen outside the headquarters of the European Central Bank (ECB) in Frankfurt, November 5, 2013. — Reuters pic BERLIN— European banks already under pressure to strengthen capital ratios may have to hold off on distributing profit to shareholders because of new accounting rules on how loan losses are calculated.

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Malaysia’s Ongoing Fiscal Reforms Receives Thumbs Up From IMF

Picture shows the headquarters of Bank Negara Malaysia in Kuala Lumpur. — wiki pic KUALA LUMPUR— The International Monetary Fund (IMF) has given the thumbs up to Malaysia’s ongoing fiscal reform by broadening the tax base with the implementation the Goods and Services Tax (GST) starting April 1, 2015.

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MAS Extends CEO’s Contract For Another Year

MAS Chief executive Ahmad Jauhari Yahya speaks during a press conference at KLIA, March 25, 2014. ― Picture by Yusof Mat Isa KUALA LUMPUR— The contract of Ahmad Jauhari Yahya as managing director/group chief executive officer (CEO) of Malaysia Airlines (MAS) has been extended for a year from September 20, 2014 to September 19, 2015.

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Japanese Firm Wins Indonesian Bank

Pic: TRPJAKARTA: Japanese finance company J Trust Co Ltd is set to buy Indonesia’s PT Bank Mutiara Tbk to tap rising demand for retail finance in Southeast Asia’s largest economy.

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No Decision Yet On GST For Fuel

Pic: TRPKUALA LUMPUR: Whether or not the Goods and Services Tax (GST) will be imposed on petroleum products will very much depend on how much savings can be derived from the subsidy rationalisation programme.

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Nissan May Cut E-Car Battery Output

The current battery used in the Leaf is more expensive than planned. - Pic courtesy of Nissan PARIS: Nissan boss Carlos Ghosn is preparing to cut battery manufacturing, people familiar with the matter said, in a new reversal on electric cars (e-cars) that has reopened deep divisions with alliance partner Renault.

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