Mon11242014

LAST_UPDATESun, 23 Nov 2014 8pm

Ads Coming Soon To SnapChat

Pic: Bloomberg/TRPSAN FRANCISCO: Snapchat Inc, the startup that raised money this year at around a US$10 billion (RM32.7 billion) valuation without any revenue, will start making money from advertising soon.

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Mercedes-Benz Malaysia Sales Up 16%

Pic: BERNAMA/TRPKUALA LUMPUR: Mercedes-Benz Malaysia, after a phenomenal first half, maintained recorded a 16% rise in year-on-year (y-o-y) sales in the third quarter.

Read more: Mercedes-Benz Malaysia Sales Up 16%

Sime Darby: Q4 Palm Prices Expected To Average RM2,300 To RM2,400 Per Tonne

Benchmark palm oil prices had slumped around 27 per cent in the first eight months of the year and dropped to a more than five-year low of RM1,914 per tonne in early September amid a global glut of edible oils. ― File pic KUALA LUMPUR: Palm oil prices are expected to average RM2,300-RM2,400 per tonne in the fourth quarter this year, according to the managing director of Malaysia's Sime Darby Bhd, the world's top oil palm planter by land size.

Read more: Sime Darby: Q4 Palm Prices Expected To Average RM2,300 To RM2,400 Per Tonne

Thailand’s Finance Ministry Cuts 2014 Economic Growth Forecast To 1.7pc

Pic: A series of economic problems, some worsened by months of political unrest, have made the ministry as well as Thailand's central bank steadily cut forecasts for this year. — Reuters pic BANGKOK: Thailand's Finance Ministry today cut its 2014 economic growth forecast to 1.7 per cent, one-third of what it projected a year ago, due to the country's still-weak exports and investment.

Read more: Thailand’s Finance Ministry Cuts 2014 Economic Growth Forecast To 1.7pc

Perodua Axia Delivery Delay Due To Parts

Pic: paultan.orgGEORGE TOWN: The delay in the delivery of the fuel-efficient Axia is not due to capacity issue but having the right parts, said Perusahaan Otomobil Kedua Sdn Bhd (Perodua) president/chief executive, Datuk Aminar Rashid Salleh.

Read more: Perodua Axia Delivery Delay Due To Parts

Palm Oil Price Surges

Palm OilKUALA LUMPUR -- Malaysian palm oil futures stretched their winning streak into a third day on Wednesday, as the ringgit fell and as investors expected output to drop this month, although a fall in crude oil prices hampered gains.

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Ringgit Forwards Gain Most Since April

RINGGIT forwards rose by the most in six months on speculation the Federal Reserve will delay raising interest rates and on optimism Malaysia’s budget will outline commitments to improve the nation’s finances.

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Sime Darby Offers To Buy NBPOL For RM5.62 Billion

KUALA LUMPUR: Sime Darby Bhd has offered to buy all of the shares in London-listed New Britain Palm Oil Ltd for £7.15 each in a deal that will value the Papua New Guinea-based plantation company at £1.07 billion (RM5.62 billion).

Read more: Sime Darby Offers To Buy NBPOL For RM5.62 Billion

Long Term Plans To Strengthen Economic Resilience — Marc

logo marcKUALA LUMPUR: The government needs to consider long-term plans to strengthen the resilience of the economy to withstand shocks going forward, said Malaysian Rating Corp Bhd (MARC) today.

Read more: Long Term Plans To Strengthen Economic Resilience — Marc

PNG Woos Back Sime Darby

Pic: TRPKUALA LUMPUR: Just days after the lapse of Sime Darby Bhd’s exclusivity period to buy a controlling stake in New Britain Palm Oil Ltd (NBPOL), the Papua New Guinea (PNG) government has wooed back the Malaysian conglomerate to reconsider its takeover plan.

Read more: PNG Woos Back Sime Darby