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Business News
 •  KLCI struggles, Sasbadi off day's best (Update)
KUALA LUMPUR: Malaysia's blue chips struggled to hold on to their gains as fund buying petered out but the broader market improved on nibbling of small cap stocks and penny stocks.
 
 •  Rupiah hits 2-month peak after Jokowi wins
SINGAPORE: The Indonesian rupiah rose to its highest level in two months on Wednesday after Joko "Jokowi" Widodo was declared the winner of the presidential election, although its gains were tempered by suspected intervention.
 
 •  Sony invests in image sensor production amid 'selfie' boom
Sony Corp said on Thursday it would invest ¥35bil (RM1.09bil) to increase production of image sensors for smartphones and tablets, as the company courts handset makers to get more orders for front-facing camera sensors, used to take selfies.
 
 •  Petronas announces first oil production from Bentara field
KUALA LUMPUR: Petronas said that its Bentara field in the Balai Cluster Risk Service Contract (RSC) area located offshore Sarawak, has achieved its first oil production on May 25, 2014.
 
 •  LBS Bina subscribes 8m new shares in VTI Vintage
KUALA LUMPUR: LBS Bina Group Bhd said the group had on Tuesday subscribed for eight million new ordinary shares in VTI Vintage Bhd.
 
 •  Small cap property stocks in limelight (Update)
KUALA LUMPUR: Small capitalised property stocks were among the major gainers on Wednesday morning, with several counters scaling to several years high.
 
 •  Web-connected cabins offer flight path for aerospace investors
The Web-connected aircraft cabins of the future, powered by technology on show at last week's Farnborough Airshow, are offering a path to investor returns through suppliers like Cobham Plc and Thales SA.
 
 •  Teo Seng Capital sees 15% stake crossed at steep discount
KUALA LUMPUR: Poultry-based Teo Seng Capital Bhd saw 30 million shares traded off-market at an average price of 95 sen on Wednesday.
 
 •  Apple profit up as China sales surge
Apple quarterly profit climbed with strong demand for iPhones, particularly in China where the California company's revenue surged.
 
 •  Liberalisation in Philippines may appeal to CIMB, Maybank
PETALING JAYA: The liberalisation of the Philippines’ banking sector to allow more foreign financial institutions in the country could attract local banking groups such as CIMB Group and Malayan Banking Bhd (Maybank).
 
Updated: 59 minutes ago
 •  Polaris to focus on digital banking
Financial sector, software services and products company Polaris Financial Technology Ltd.
 
 •  Coal India unit fears output loss in Odisha
Mahanadi Coalfields Ltd.
 
 •  IGI Airport starts pet facilitation desk
IGI Airport Tuesday became the first airport in the country to launch a pet travel information and facilitation desk - 'Pet Fly' - at Terminal-3.
 
 •  TRAI recommends Rs.2,278 crore investment for Andamans, Lakshadweep
The Telecom Regulatory Authority of India (TRAI) Tuesday recommended capital investment of around Rs.
 
 •  New app for booking autos, cabs
A local company here has introduced a mobile application that enables users book autos and cabs without the hassles of waiting by the roadside or through the internet or phone calls.
 
 •  Teleperformance India literacy program adjudged best
Teleperformance India’s literacy program for children has been adjudged the Best Community Spirit Program in the Asia Pacific region by Contact Centre World, a worldwide body focused on propagating best practices in the BPO industry.
 
 •  Power producers asked to import coal to meet shortfall
Power producers have been advised to import 54 million tonnes (MT) of coal in the current fiscal to tide over domestic supply shortages, the government said Monday.
 
 •  Honda Motorcycle ties up with Haryana Gramin Bank
Eyeing rural and semi-urban buyers, Honda Motorcycle and Scooter India (HMSI) Monday entered into a retail finance tie-up with Sarva Haryana Gramin Bank.
 
 •  TRAI recommends all kinds of spectrum sharing
The Telecom Regulatory Authority of India (TRAI) Monday recommended to allow sharing of all categories of spectrum.
 
 •  Egypt Air to fly to New Delhi thrice a week
Egypt's flasgship carrier Egypt Air will launch direct flights to New Delhi to meet the increasing tourist influx from India.
 
 •  Sensex gains 177 points; oil and gas stocks rally
A benchmark index of Indian equities markets Monday was trading 176.
 
 •  India's forex reserves up $643 mn
India's foreign exchange reserves rose by $643.
 
 •  'Insurance FDI via FIPB reduces regulator's powers'
The central government's proposal to approve foreign direct investment (FDI) in the insurance sector through the Foreign Investment Promotion Board (FIPB) is seen as clipping the sectoral regulator's wings and also a face saving measure by the BJP, say insurance officials.
 
 •  Samsung launches 4G variant of Galaxy 5 in India
South Korean electronics giant Samsung Friday launched 4G compatible Galaxy S5 smartphones in India priced at Rs.
 
 •  RInfra posts marginal rise in Q1 net profit
Reliance Infrastructure (RInfra) Friday posted a marginal rise in net profit on the back of increased incomes for the first quarter of the current fiscal, at Rs.
 
Updated: 59 minutes ago
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