Wed11262014

LAST_UPDATEWed, 26 Nov 2014 9am

Facebook Ads To Be Based On User Location

Pic: Bloomberg/TRPNEW YORK: Facebook Inc will start targeting users with advertisements based on their most recent location, as the social-networking company expands the use of member’s data to generate revenue.

Read more: Facebook Ads To Be Based On User Location

No Fuel Price Impact On MRT Project

Pic: nan-soulless.blogspot.comKUALA LUMPUR: The recent reduction in the petrol and diesel subsidy will not affect the cost of the MRT Sungai Buloh-Kajang Line project, says its developer MRT Corp Sdn Bhd.

Read more: No Fuel Price Impact On MRT Project

Celcom Provides Platform For Youths To Showcase Skills

Pic: www.malaysianwireless.comKUALA LUMPUR: Celcom Axiata Bhd today launched the ultimate anime music-based genre fantasy festival, 'School of Xpax (SOX) 2014 Fantasy Fest', a platform for youths to showcase their skills and talents in cosplay, competitive gaming and anime or comic.

Read more: Celcom Provides Platform For Youths To Showcase Skills

1MDB To Finance RM8.4b Project 3B With Islamic Bonds

1MDB will raise RM8.4 billion for its Project 3B power plant. File picture shows Europe’s largest coal-fired power plant, the Belchatow Power Station in Poland. — Reuters picKUALA LUMPUR: Malaysia sovereign fund 1Malaysia Development Bhd (1MDB) will raise RM8.4 billion (US$2.56 billion) with Islamic bonds to build a power plant, IFR reported on today.

Read more: 1MDB To Finance RM8.4b Project 3B With Islamic Bonds

Former Air Lingus CEO Christoph Mueller Could Bag Malaysia Airlines Top Job

Christoph-MuellerKUALA LUMPUR -- Malaysia Airlines (MAS) may have its first non-Malaysian chief executive when it begins restructuring next year, with speculation pointing to outgoing boss of Irish airline Aer Lingus, Christoph Mueller, as the man to take over the troubled flag carrier.

Read more: Former Air Lingus CEO Christoph Mueller Could Bag Malaysia Airlines Top Job

Ireka Bags RM276.79m Construction Contract From KL Eco City

IREKAKUALA LUMPUR -- Ireka Corporation Bhd's infrastructure arm, Ireka Engineering and Construction Sdn Bhd (IECSB), has bagged a RM276.79 million construction contract from KL Eco City Sdn Bhd.

Read more: Ireka Bags RM276.79m Construction Contract From KL Eco City

Luxury Goods Sales To Reach US$405b By 2019

Luxury GoodsKUALA LUMPUR -- Market Research Company Euromonitor International released today new global data on the luxury goods industry showing luxury sales are expected to grow 19% to reach US$405 billion by 2019.

Read more: Luxury Goods Sales To Reach US$405b By 2019

Yum Join Mcdonald’s In Cutting Profit Forecast After China Food Scare

Pic: AP/TRPNEW YORK: Yum Brands cut its profit outlook for the year yesterday, citing the latest food scare in China that pummelled sales at its flagship KFC chain.

Read more: Yum Join Mcdonald’s In Cutting Profit Forecast After China Food Scare

Oil Price Falls As IMF Cuts Global Growth Forecasts

Oil prices fell October 8, 2014 after the International Monetary Fund (IMF) cut its global economic growth forecasts. File picture shows a rig drilling a horizontal well in a search for oil and natural gas in West Texas. — Reuters pic SINGAPORE: Oil prices fell further in Asian trade Wednesday on demand concerns after the International Monetary Fund (IMF) cut its the global economic growth forecasts, analysts said.

Read more: Oil Price Falls As IMF Cuts Global Growth Forecasts

Lime Petroleum Completes 5 Per Cent Stake Acquisition In Pl591, Pl591b Off Norway

Lime PetroleumKUALA LUMPUR -- Hibiscus Petroleum Bhd's jointly-controlled entity Lime Petroleum Norway AS has completed the acquisition of a 5.0 per cent stake each in PL591 and PL591B, located in the Norwegian Sea.

Read more: Lime Petroleum Completes 5 Per Cent Stake Acquisition In Pl591, Pl591b Off Norway