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Business News
 •  Positive response to MDA d Awards
THE inaugural Malaysian Digital Association (MDA) d Awards, to be held on Sept 24 in Petaling Jaya, attracted 180 entries in the nine categories.
 
 •  Maybank Philippines unit eyes M&A
MANILA: The Philippine unit of Malayan Banking Bhd (Maybank) is holding preliminary talks with merger and acquisition targets to expand its domestic business, particularly consumer lending, its top official said.
 
 •  Balancing act between growth and fiscal prudence
ON Oct 10, Prime Minister is scheduled to unfold the Budget 2015. The usual wish list of the budget – almost always without fail – include the ‘goodies’ from the government, lately more so the Bantuan Rakyat 1Malaysaia (BR1M) handout.
 
 •  KTB rights issue to raise RM60mil
PETALING JAYA: Konsortium Transnasional Bhd (KTB), which is controlled by Tan Sri Mohd Nadzmi Mohd Salleh, will be raising some RM60.42mil from a rights issue exercise that will be utilised for working capital within three months of receiving the proceeds.
 
 •  SoftBank estimates $4.6b gain from Alibaba listing
TOKYO: Japan's SoftBank Corp said it expected a gain of about 500 billion yen ($4.6 billion) from Alibaba Group Holding's share listing in New York, where the Chinese e-commerce leader surged 38 percent on its first day of trade.
 
 •  Germany's central bank head criticises ECB stimulus plan
BERLIN: The head of Germany's Bundesbank has criticised the European Central Bank's (ECB) recent cut in borrowing costs and its pledge to buy repackaged debt, saying they took pressure off governments to implement needed reforms.
 
 •  Maybank IB tops RAM lead managers table for PDS, Sukuk
KUALA LUMPUR: Maybank Investment Bank Bhd took the top spot in RAM Rating Services Bhd’s League Table for private debt securities (PDS) and Sukuk issues for the period ended June 30, 2014.
 
 •  European Central Bank says QE not on agenda
FRANKFURT: The European Central Bank is not currently considering widening its asset purchases to include government debt, ECB Governing Council member Christian Noyer was quoted as saying on Saturday.
 
 •  Hyundai directors kept in dark on size of $10b land bid
SEOUL: Hyundai Motor and two listed affiliates did not seek board clearance for the size of their record $10 billion bid for a plot of land in Seoul, more than triple its appraised value, four board members of the companies told Reuters.
 
 •  Malaysian market likely to see pre-budget rally next week
KUALA LUMPUR: Bursa Malaysia is likely to be bullish next week in the run-up to the Budget 2015, dealers said. A dealer said the budget expectations were likely to trigger a pre-budget rally and power, healthcare, construction, oil and gas sectors would likely attract investor interests.
 
Updated: 44 minutes ago
 •  Gold price dips below Rs.27,000-level
Buyers of jewellery may have a reason to cheer as gold prices dipped to the lowest level since July last year, just a few days ahead of the festive season.
 
 •  ONGC to start oil production from KG block in 2019
State-run Oil and Natural Gas Corp (ONGC)'s major oil discovery in the Bay of Bengal will start production in 2019, Dinesh K Sarraf, chairman and managing director of the company, said here.
 
 •  India's forex reserves down $1.61 bn
India's foreign exchange reserves fell by $1.
 
 •  FPIs continue to invest in Indian markets
Foreign Portfolio Investors (FPIs) continued to buy into the Indian equities market in the week ended Sep 19, buoyed by the US Fed announcement that it will maintain interest rates to near zero for a "considerable time" even after its bond-buying programme ends, as also stable government policies.
 
 •  Now shop at online flea bazaar
Fashionara.
 
 •  Indian investment in US growing at faster rate: US official
With more Indian companies showing interest in opening or expanding their business in the US, the Indian investment there is picking up further momentum, said a top American official.
 
 •  5.54 mn new GSM subscribers added in August: COAI
The GSM subscribers in India increased by 5.
 
 •  Sensex gains 54 points; auto stocks rally
A benchmark index of Indian equities markets Friday was trading 53.
 
 •  TCS recruits 136 from Aligarh Muslim University
The Tata Consultancy Services Limited (TCS) has selected 136 students of Zakir Hussain College of Engineering and Technology, and Department of Computer Science, Aligarh Muslim University (AMU), through a campus placement drive.
 
 •  P&G, Cogent open Telangana plants, Johnson & Johnson begins work
Global FMCG major Procter and Gamble Thursday opened its manufacturing plant, Cogent Glass Ltd inaugurated its world-class glass manufacturing plant while global pharmaceuticals and consumer goods manufacturer Johnson & Johnson laid foundation stone for its biggest plan in India, all in Telangana's Mahabubnagar district near here.
 
 •  Infosys, Huawei to jointly offer cloud, big data solutions
Indian IT bellwether Infosys Ltd and Chinese telecom product major Huawei will jointly offer cloud-based, big data and communication solutions to global enterprises.
 
 •  BHEL wins Rs.3,500 crore order for Gujarat power plant
State-run Bharat Heavy Electricals (BHEL) Thursday said it has won an order worth over Rs.
 
 •  Made in India FUSO trucks launched in Indonesia
Commercial vehicle maker Daimler India Commerical Vehicles (DICV) and Japan's Mitsubishi Fuso Truck and Bus Corporation Japan have launched two new models, both built in India, in Indonesia.
 
 •  BSA, Apollo to set up facilities in Punjab
Bicycle manufacturer BSA and healthcare chain Apollo Hospitals will set up their facilities in Punjab, Deputy Chief Minister Sukhbir Singh Badal said Thursday.
 
 •  Maruti appoints new marketing head
Passenger car market leader Maruti Suzuki Thursday announced a major management shift after its senior executive for marketing and sales quit the company.
 
Updated: 1110 minutes ago
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