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10-10-2008: Keng Yaik's son is elected Gerakan Youth chief
By Yong Min Wei,
10 Oct 2008 6:44 PM
 KUALA LUMPUR: Lim Si Pin, the son of former Gerakan president Tun Dr Lim Keng Yaik, has been elected the party youth chief after polling 242 votes as against his contenders Chai Tek Loong and Tan Keng Liang who secured 105 votes and 115 votes respectively in the Gerakan Youth Delegates Conference today.
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10-10-2008: Muhyiddin announces bid for Umno No 2 post
By Pauline Puah,
10 Oct 2008 3:19 PM
PUTRAJAYA: Umno vice president Tan Sri Muhyiddin Yassin offered himself today as a candidate for the party deputy presidency in the upcoming party elections, confirming widely held expectations.
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10-10-2008: Forex market at crossroads
by Racheal Lee Mei Nyee,
10 Oct 2008 10:25 AM
PETALING JAYA: The coming two weeks are crucial for the global foreign exchange (forex) market as how the US dollar fares during this period will determine whether it can be sustained at a key level against other major currencies, a strategist said.
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10-10-2008: Head start likely for Najib, Muhyiddin in Umno polls
by Pauline Puah,
10 Oct 2008 10:26 AM
PETALING JAYA: Umno deputy president Datuk Seri Najib Razak and vice-president Tan Sri Muhyiddin Yassin are set to get a psychological head start in the race for leadership of the party and country when the first Umno divisions nominate candidates for the top party posts today.
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10-10-2008:- Metals plunge as much as 10% as panic spreads
By Nick Trevethan,
10 Oct 2008 1:07 PM
SINGAPORE: London copper futures plunged 9% on Oct 10, trading at a new 2½-year low, and nickel fell 10% to its weakest in three years after crumbling equity markets fanned fears about global growth, and deepened fears the world was slipping into recession.
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10-10-2008:- Iceland regulator takes control of Kaupthing Bank
by Benedikt Kammel & Tasneem Brogger,
10 Oct 2008 10:29 AM
STOCKHOLM: Iceland’s government seized control of Kaupthing Bank hf, the nation’s biggest bank, completing the takeover of a banking industry that has collapsed under the weight of its foreign debt.
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10-10-2008:- Muhyiddin asks divisions to fully back Najib
10 Oct 2008 10:33 AM
BACHOK: Umno vice-president Tan Sri Muhyiddin Yassin yesterday openly asked all Umno divisions, which will hold their delegates meeting starting today, to give 100% backing to Datuk Seri Najib Razak as the successor to Datuk Seri Abdullah Ahmad Badawi when party polls are held in March.
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10-10-2008:- Abdullah not taking leave
10 Oct 2008 10:34 AM
KUALA LUMPUR: Prime Minister Datuk Seri Abdullah Ahmad Badawi said he would not be taking leave before stepping down in March because he has work to do.
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10-10-2008:- Najib to contest Umno presidency
10 Oct 2008 10:50 AM
 KUALA TERENGGANU: Deputy Prime Minister and Umno deputy president Datuk Seri Najib Razak yesterday offered himself as a candidate in the contest for the Umno presidency at the party elections in March next year.
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10-10-2008: Kalimullah to leave NSTP
10 Oct 2008 10:53 AM
KUALA LUMPUR: Deputy chairman of The New Straits Times Press (M) Bhd (NSTP) Datuk Seri Kalimullah Hassan has tendered his resignation from the board of the Umno-linked media company.
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10-10-2008: LPI 3Q net profit up 22%
10 Oct 2008 11:00 AM
KUALA LUMPUR: LPI Capital Bhd posted a net profit of RM26.24 million for the third quarter (3Q) ended Sept 30, 2008, up 21.9% from RM21.52 million a year earlier, mainly due to higher underwriting profit and investment income.
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10-10-2008: Interest rate cuts fail to lift markets
by Surin Murugiah,
10 Oct 2008 11:03 AM
PETALING JAYA: Asian markets recovered slightly and closed mixed yesterday after the meltdown on Wednesday as South Korea, Taiwan and Hong Kong cut interest rates and joined a host of central banks around the world in a concerted effort to fight the financial crisis.
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10-10-2008:- Najib leadership will buoy stocks, says Credit Suisse
by Angus Whitley,
10 Oct 2008 11:05 AM
KUALA LUMPUR: Malaysia’s main stock index, down 33% this year amid the biggest political upheaval since independence in 1957, will benefit from a planned handover of power to Deputy Prime Minister Datuk Seri Najib Razak, Credit Suisse Group AG said.
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10-10-2008: Global theme park operators eyeing a slice of Iskandar
by Chong Jin Hun,
10 Oct 2008 11:09 AM
DUBAI: Global theme park operators are eyeing a slice of the entertainment pie within the Iskandar Malaysia growth region. The promoter and coordinator of Iskandar said it was in talks with theme park companies from the US, Europe and Australia to set up joint-venture firms to establish and operate these leisure initiatives.
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10-10-2008: Will BNM follow major central banks’ lead in cutting rates?
by Ellina Badri,
10 Oct 2008 11:18 AM
KUALA LUMPUR: Analysts are mixed as to whether Bank Negara Malaysia (BNM) will cut the overnight policy rate this year, even as seven other central banks scrambled to do so in an effort to counter effects of the deepening global financial crisis.
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10-10-2008: GPlus posts RM2.5m 2Q profit
10 Oct 2008 11:20 AM
KUALA LUMPUR: Golden Plus Holdings Bhd (GPlus) posted a net profit of RM2.51 million for the second quarter (2Q) ended June 30, 2008, compared with a net loss of RM3.85 million a year earlier, in line with higher sales and lower expenses incurred.
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10-10-2008: Axis special audit still ongoing
10 Oct 2008 11:21 AM
KUALA LUMPUR: Axis Incorporation Bhd’s special audit to resolve its outstanding material audit issues concerning its financial year ended March 31, 2008 financial statements is still ongoing, it said yesterday.
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10-10-2008: M’sian Global Forum gives Bill Clinton a miss
10 Oct 2008 11:36 AM
PETALING JAYA: Former US President Bill Clinton, who was to deliver a keynote address at the inaugural Malaysian Global Forum 2008 (GBF), will not be participating at the event as the organisers received feedback that someone of his stature would eclipse the programme.
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10-10-2008: Welli Multi charts turnaround plan
10 Oct 2008 11:37 AM
PETALING JAYA: To return to the black, Welli Multi Corporation Bhd will embark on an aggressive plan that includes restructuring its capital and loan, divesting its food and transport businesses and cutting of overheads and expenses.
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10-10-2008: Asian markets continue to fall at midday
By Surin Murugiah,
10 Oct 2008 12:28 PM
PETALING JAYA: It was a rude awakening for Asian markets today after the massive overnight plunge at Wall Street, with Japan's Nikkei 225 being briefly suspended in mid-morning after tumbling 11%.
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10-10-2008: Markets tumble across Asia at mid-morning
By Surin Murugiah,
10 Oct 2008 9:41 AM
PETALING JAYA: After a slight reprieve for just one day, Asian markets fell dramatically this morning following the overnight plunge on Wall Street that sent the Dow Jones Industrial Average skidding 7.3% or 678.91 points down to its lowest level in five years to trade below the 9,000-point mark.
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10-10-2008:- Oil hits 12-month low, falls below US$84
10 Oct 2008 9:01 AM
TOKYO: Oil prices fell to a new 12-month low below US$84 (RM294) on Oct 10, as a continued market slide stirred demand concerns and outweighed calls by some Opec members to cut output to prop up prices.
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10-10-2008: AmBank announces management change
by Lim Shie-Lynn,
10 Oct 2008 10:48 PM
KUALA LUMPUR: AmBank Group has announced several key changes to its senior management team, including the replacement of its deputy group managing director Anthony Healy.
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10-10-2008: PM should free detainees and loosen media control, says Anwar
by Yong Min Wei,
10 Oct 2008 1:39 PM
KUALA LUMPUR: Prime Minister Datuk Seri Abdullah Ahmad Badawi must free all detainees under the Internal Security Act (ISA) and loosen the government’s grip on media control if he wants to leave office on a positive note, Opposition Leader Datuk Seri Anwar Ibrahim said.
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10-10-2008:- Teresa Kok sues Utusan for RM30m
10 Oct 2008 1:42 PM
KUALA LUMPUR: Seputeh member of parliament Teresa Kok Suh Sim has filed a RM30 million defamation suit against Utusan Melayu (M) Bhd and its editor over the publication of an article on azan (call to prayer) last month.
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10-10-2008: Penang’s parting request to PM
by Regina William,
10 Oct 2008 1:44 PM
GEORGE TOWN: Penang is hopeful that Prime Minister Datuk Seri Abdullah Ahmad Badawi would leave a legacy of benevolence and pride for Penangites by restoring the federal government funding for the multi-billion ringgit projects earmarked for the state.
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Published by The Edge Communications Sdn Bhd
DUBAI: Slowing economic growth concerns have overshadowed the threat of soaring inflation in Malaysia as falling crude oil prices tame the ferocity of rising consumer prices.
PETALING JAYA: Media Prima Bhd expects to know by next month if the planned listing of its subsidiary TV3 Network Ltd (TV3N) on the Ghana Stock Exchange will be delayed.