Apple, Google Rush To Fix Smartphone Security Flaws

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SAN FRANCISCO, March 4 – Millions of people may have been left vulnerable to hackers while surfing the web on Apple and Google devices, thanks to a newly discovered security flaw known as “FREAK attack.” There’s no evidence so far that any hackers have exploited the weakness, which companies are now moving

AmBank: Ashok Not Joining 1MDB

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KUALA LUMPUR, March 4 – AmBank Group yesterday said outgoing group managing director Ashok Ramamurthy is not leaving the group, one of the largest banking groups in Malaysia, for 1Malaysia Development Bhd (1MDB). “The board of directors of AmBank Group wish to clarify that online media reports today linking the planned departure

GST Registration Deadline Draws To A Close

KUALA LUMPUR, Feb 27 – The Goods and Services Tax (GST)registration comes to a close at midnight tomorrow. Those having failed to register face a RM15,000 compound and be forcibly registered, said the Royal Customs Department in a statement Friday. A crackdown under “Ops GST” will begin on March 1, with

Ringgit Likely To Trade Within A Tight Range

KUALA LUMPUR, Feb 27 – The ringgit is likely to see range-bound trading next with the currency moving between 3.59 and 3.60 against the US dollar in the absence of fresh leads and lack of appetite. “If there’s a genuine demand especially from fund managers in the equity market, then the

Petronas Dagangan Official Fuel Provider For LIMA’15

KUALA LUMPUR, Feb 27 – Petronas Dagangan Bhd is once again the official fuel provider for the five-day Langkawi International Maritime and Aerospace Exhibition (LIMA’15), starting March 17. This is the 10th year that Petronas Dagangan is continuing its sponsorship of the exhibition which has so far confirmed the participation of

Proton Asks Inspira Owners To Bring In Cars For Inspection

KUALA LUMPUR, Feb 23 – Malaysian carmaker Proton Holdings Bhd has urged the 5,280 owners of Inspira cars, manufactured between September 2010 and May 2011, to contact authorised Proton service centres for a free inspection. Proton said the campaign was in conjunction with Mitsubishi Malaysia Motor’s free inspection and repair campaign involving the

Shell Refining Posts Pre-Tax Loss

KUALA LUMPUR, Feb 17 – Shell Refining (FOM) Co Bhd reported a higher pre-tax loss of RM1.22 billion for the financial year ended Dec 31, 2014 against a pre-tax loss of RM223.34 million registered in 2013. Revenue fell to RM14.26 billion during the period under review from RM14.69 billion registered previously

Apple Not Worth US$1 Trillion Yet

SAN FRANCISCO, Feb 13 – Activist investor Carl Icahn thinks Apple Inc is already worth over US$1 trillion (RM3.6 trillion) but others on Wall Street think it will take a few more years for the iPhone maker’s stock value to get there. With Apple’s stock market value ballooning this week beyond US$700

Google Is Seriously Taking On Telecom

First it conquered search. Then it was online video and advertising. Now Google is turning its attention toward telecom — and it’s no experiment. In recent months, Google has said it’s bringing ultra-fast Internet to at least 18 cities, including Atlanta and Nashville. It announced pilot tests of a low-cost, modular

Maxis Launches MyMaxis For Postpaid Users

KUALA LUMPUR, Jan 30 – Maxis today launched MyMaxis App, a customer service app, for its postpaid customers. “With the app, customers can view their account information, access self-service features quickly, download and pay their bills, check data usage and even buy data passes,” it said in a statement today. Maxis

Astro Eyes RM500 Millon Revenue Via Home-shopping

KUALA LUMPUR, Jan 30 – Astro Malaysia Holdings Bhd is expecting to generate RM500 million in annual revenue by 2019 via its new joint-venture home shopping company, Astro GS Shop Sdn Bhd. Sixty per cent owned by Astro Malaysia and 40 per cent by Korea’s GS Home Shopping Incorporated, the company

Facebook Beats Forecasts With Strong Profit Gains

SAN FRANCISCO, Jan 29 – Facebook said Wednesday that profit soared on the wings of mobile ad revenue but stressed it is more concerned with investing in the future than making quick cash. While earnings figures surpassed market forecasts, Facebook executives strived to temper expectations, while stressing they plan to continue aggressively

No Happy Meal For McDonald’s CEO

NEW YORK, Jan 29 – Fast-food giant McDonald’s replaced president and chief executive Donald Thompson yesterday, after the company turned in another poor quarter of sales and earnings last week. The firm behind the world-famous Big Mac had been under pressure from investors to take swift action after seeing the business weaken

Microsoft Profit Dips As Revenue Rises

SAN FRANCISCO, Jan 27 – Microsoft on Monday reported that its quarterly profit dipped as revenue increased with help from sales of Surface tablets, Xbox One consoles and cloud services. Profit fell 10 percent from a year ago to $5.9 billion while revenue hit $26.5 billion in the quarter ended on December

AirAsia Abolishes Fuel Surcharge, Fare As Low As RM19

KUALA LUMPUR, Jan 27 – Cheaper tickets are expected with AirAsia’s announcement to abolish fuel surcharge across all of its airlines, in line with declining global oil prices. AirAsia in a statement today said it will abolish fuel surcharge, beginning today, across all of its airlines in the group, as well as

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