Fri10312014

LAST_UPDATEFri, 31 Oct 2014 4pm

Legoland Spends Over RM6m For Star Wars Model Display

FilepicKUALA LUMPUR: Legoland Malaysia Resort has invested more than RM6.0 million in its new attraction, the Lego Star Wars Miniland Model Display, which is the biggest development at Legoland Malaysia this year.

Read more: Legoland Spends Over RM6m For Star Wars Model Display

Deeper Saudi Oil Cuts Seen Amid Weakening Global Demand

Output rose in Iran, Iraq and Nigeria, adding to supply that drove benchmark Brent crude futures below US$100 this month for the first time since June 2013. — AFP picLONDON— Saudi Arabia will need to keep cutting oil output to sustain prices above US$100 (RM321.90) a barrel, even after the kingdom’s largest reduction in two years, according to BNP Paribas SA and Societe Generale SA.

Read more: Deeper Saudi Oil Cuts Seen Amid Weakening Global Demand

Sky Deutschland Chiefs Recommend Refusing Bskyb Offer

A Sky sign is pictured at the British Sky Broadcasting (BSkyB) headquarters in west London on September 20, 2012. — AFP pic BERLIN— German pay-TV channel Sky Deutschland’s management and board recommended today that shareholders reject a purchase offer by Britain’s satellite TV group BSkyB.

Read more: Sky Deutschland Chiefs Recommend Refusing Bskyb Offer

Short-Term Rates Close Steady On BNM Intervention

Bank Negara Malaysia’s logo is seen displayed on a glass door. — AFP picKUALA LUMPUR— Short-term interbank rates closed steady today following Bank Negara Malaysia's (BNM) intervention to absorb surplus liquidity from the financial system.

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CPI Rises To 3.3pc To 110.5 In August

The Statistics Department attributed the increase to the rise in the index for food and non-alcoholic beverages and non-food by 3.3 per cent, respectively, versus the same month in 2013. KUALA LUMPUR— The Consumer Price Index (CPI) increased 3.3 per cent to 110.5 in August 2014 compared with 107.0 recorded in the same month last year, the Statistics Department said.

Read more: CPI Rises To 3.3pc To 110.5 In August

Inflation Rate Up To 3.3%

FilepicKUALA LUMPUR: Malaysia’s consumer price index in August rose 3.3% from a year earlier, marginally above market expectations, data from the Statistics Department showed on today.

Read more: Inflation Rate Up To 3.3%

Loss Mounts For Thai Rice Subsidy

FilepicBANGKOK: Thailand has so far lost 320 billion baht (RM31.9 billion) from a 16-month rice support scheme and the final cost will rise substantially, the state bank that helped manage the scheme said today, citing Finance Ministry estimates.

Read more: Loss Mounts For Thai Rice Subsidy

Malaysians Not In Top 10 Billionaire List

FilepicSINGAPORE: Within Asia, China has the most number of billionaires at 190, followed by India (100), Hong Kong (82), Japan (33) and Singapore (32).

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CPI Rises To 3.3pc To 110.5 In Augustbig Solar Panel Push In Perak

Pic: TRPIPOH: Perak is poised to become the solar panel production hub in Southeast Asia following the cooperation between Majuperak Energy Resources Sdn Bhd and Baltic Optical Disks (BOD) Group of Companies of Lithuania.

Read more: CPI Rises To 3.3pc To 110.5 In Augustbig Solar Panel Push In Perak

Asia Business Record Sharp Decline, Weighed Down By Singapore Slowdown

MUMBAI - Business sentiment among Asia’s top companies fell sharply in the third quarter, weighed down by worries about China’s slowing economy, a possible end to the US Federal Reserve’s stimulus policy and a decline in the outlook for regional economic hubs like Singapore, a ThomsonReuters/INSEAD survey showed.

Read more: Asia Business Record Sharp Decline, Weighed Down By Singapore Slowdown