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By LAALITHA HUNT laalhunt@thestar.com.my PETALING JAYA: US gold futures, which surged to a record US$1,001.50 on Thursday, is likely to breach US$1,200 an ounce within the next three months. MIMB Investment Bank Bhd technical analysis manager Lee Cheng Hooi said gold could hit new highs this year on expectations of further Federal Reserve rate cuts…

KUCHING: The Sarawak Economic Development Corporation (SEDC) has signed a memorandum of collaboration with Transparency International Malaysia (TI-M) to promote integrity and combat corruption. Under the memorandum, SEDC will put in place structures to eliminate corruption by advocating accountability, transparency and integrity in its business dealings and transactions. The memorandum also seeks to create a…

By Andrew Stern CHICAGO (Reuters) – U.S. presidential candidate Barack Obama on Friday repudiated what he called “inflammatory and appalling remarks” made by his Chicago pastor, seeking to quell another campaign controversy tinged with race. Democratic presidential hopeful Senator Barack Obama (D-IL) delivers a speech at the Chicago History Museum in Chicago, Illinois, March 12,…

By JO TIMBUONG ALAM Teknokrat Sdn Bhd, or Skali as it is better known, is going into the no-frills business. In a recent press conference, the company announced its No-Frills Technology portfolio, which includes No-Frills Web Hosting and No-Frills Business. The No-Frills Technology solutions will be targeted at SMBs (small-and medium-sized businesses) and SoHo (small…

By Kristin Roberts CANBERRA (Reuters) – U.S. officials will press Australia on Saturday for an assessment of China‘s growing strategic and economic role in the region, as Washington tries to determine what impact a new government in Canberra will have on Australian ties with Beijing. U.S. Defense Secretary Robert Gates and Deputy Secretary of State…

KUALA LUMPUR: Telekom Malaysia Bhd and Hong Kong-based Asia Netcom have signed an agreement for network-to-network interconnection (NNI), which will further expand both companies’ telecommunications coverage into South-East Asia and the Middle East. Datuk Zam Isa, chief executive officer of Malaysia business at TM, said the agreement would provide its customers with improved connectivity services.…

PETALING JAYA: Telekom Malaysia Bhd and Maybank Bhd have signed an agreement to migrate the bank’s branch network from a legacy frame-relay system to one using an Internet Protocol Virtual Private Network (IP VPN). Datuk Adnan Rofiee, TM Retail chief operating officer for Malaysia business, said that with the Internet already playing a vital role…

By STEVEN DANIEL MALACCA: Telekom Malaysia Berhad (TM) launched its first state-led broadband infrastructure initiative in Malacca following the state government’s aim to achieve broadband port availability of 75% of its households by the end of the year. The project dubbed the “Melaka Broadband Project” is the second joint initiative in the country between a…

KUALA LUMPUR: Petrol will be one of the goods to be listed on the government stockpiles in the future. Domestic Trade and Consumer Affairs Minister Datuk Shafie Apdal said the stockpiling is a step to ensure the country has enough of such goods and it would help to stabilise prices. “We will have the first…

KUALA LUMPUR: Malaysia’s business-friendly climate, political stability and low cost of living has attracted many foreign investors and expatriates, with some wanting to stay here permanently, said Datuk Seri Abdullah Ahmad Badawi. The Prime Minister said there were also foreign executives who wanted to take up permanent residence in Malaysia. “I’m very happy because this…