Sat02282015

LAST_UPDATESat, 28 Feb 2015 10am

MAS New Team Being Formed Before July

Pic: time.comMALAYSIA Airlines Bhd (MAB), a company specially incorporated to take over national carrier Malaysia Airlines (MAS), is expected to unveil its senior management team before chief executive officer (CEO)-designate Christoph Mueller makes his way to Malaysia to helm the new company (NewCo) early next year.

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Free Inspection For Exora Bold CFE Owners

SUBANG JAYA: Proton Holdings Bhd (Proton) is giving a free inspection service to its Proton Exora Bold CFE cars made between October 2011 and April this year due to a possible leakage in the radiator connector.

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Weak Ringgit Good For Some Firms

Pic: Bloomberg/ NSTTHE weaker ringgit is a boon to the country as it makes Malaysian exports more competitive, says International Trade and Industry Minister Datuk Seri Mustapa Mohamed.

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Approved Manufacturing Deals May Exceed RM70b

Pic: www.exponent.comMALAYSIA can expect a modest increase in investments in the manufacturing sector this year, bolstered by investments in the electrical and electronics (E&E) sector.

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U.S. Stocks Stumble, Oil Falls To Five-year Lows

Pic: Reuters/ Carlo AllegriUNITED States and European stocks fell on Monday after weak Chinese and Japanese data stoked worries about slowing global economic growth, while oil prices sank to five-year lows on expectations of oversupply into 2015.

Read more: U.S. Stocks Stumble, Oil Falls To Five-year Lows

Ringgit, Rupiah Weakest Since 2008 Global Financial Crisis

The ringgit lost as much as 0.9 per cent to 3.5040 per dollar, its weakest since September 2009, on worries that lower oil prices would hurt Malaysia’s current account and fiscal deficits. — AFP pic KUALA LUMPUR: Malaysia’s ringgit and Indonesia’s rupiah hit their weakest since the 2008-09 global financial crisis today, as emerging Asian currencies lost ground after solid US job data boosted the chance of an early Federal Reserve interest rate hike.  

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Euro Zone Warning Hits Stocks, Currency As Oil Plumbs Depths

All other euro zone borrowing costs fell, with benchmark German yields hitting a day’s low after ECB policymaker Ewald Nowotny said the bloc’s tepid recovery had pushed the European Central Bank to look more closely at a sovereign bond quantitative easing programme. — Reuters picKUALA LUMPUR: European stocks and the euro felt the effects today of a stark warning about the currency bloc’s economic prospects, keeping pressure on rock-bottom oil prices following weak data from Asia.

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European Stock Markets Down At Open On Weak Chinese Economic Data

The Bank of England in the City of London, February 14, 2012. — Reuters pic LONDON: European stock markets dropped at the start of trading today, with London’s benchmark FTSE 100 index slipping 0.35 per cent to 6,719.10 points following weak Chinese economic data.

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S. Korea Behind China In 6 Key Industries: Report

Photo: www.pinterest.comSouth Korea has been overtaken by or is trailing China in six key industries, making it imperative for local companies to find new ways to stay competitive globally, a report by the lobbying group of large conglomerates showed Monday.

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Malaysia Posts 9.1pc Growth in Investments

KUALA LUMPUR: Malaysia recorded a 9.1. per cent growth in investments in the first nine months of this year compared to the same period in 2013.

Read more: Malaysia Posts 9.1pc Growth in Investments