Business

Upbeat outlook

By BILQIS - Friday, 21 November 2014.

FULL BACKING: Founders expect AirAsia X to fly back into profit next year on new turnaround plan

Latest

Brent steadies above US$78 a barrel

Friday, November 21, 2014 - 00:53

LONDON: Brent crude oil steadied above US$78 a barrel yesterday as reports that oil producers would agree to cut output next week offset weak economic data from China and Europe.

Ringgit closes lower against US$

Friday, November 21, 2014 - 00:52

KUALA LUMPUR: The ringgit closed lower against the US dollar for the third consecutive days yesterday as demand for the Asian emerging currencies remained weak, dealers said.

Short-term rates expected to remain stable

Friday, November 21, 2014 - 00:51

KUALA LUMPUR: Short-term interbank rates were expected to remain stable yesterday with Bank Negara Malaysia's (BNM) intervention to absorb surplus liquidity from the financial system.

Tin falls by US$150 TO US$19,600

Friday, November 21, 2014 - 00:51

KUALA LUMPUR: The Kuala Lumpur Tin Market (KLTM) continued its downtrend to close US$150 lower at US$19,600 a tonne yesterday, in tandem with the easier close of the metal on the London Metal Exchange (LME).

Gold slips on reduced investor appetite

Friday, November 21, 2014 - 00:50

KUALA LUMPUR: Gold futures ended lower yesterday as unfavourable external developments reduced investors’ appetite for gold investment.

CPO futures close lower on weak exports

Friday, November 21, 2014 - 00:49

KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed lower yesterday amid weaker export estimates as projected by cargo surveyors, a dealer said.

Rubber market closes mixed

Friday, November 21, 2014 - 00:49

KUALA LUMPUR: The Malaysian rubber market closed mixed yesterday on lack of buying momentum and a higher benchmark at the Tokyo Commodity Exchange (TOCOM) futures market, a dealer said.

THP’s increased borrowing to assist expansion

Friday, November 21, 2014 - 00:44

PETALING JAYA: TH Plantations Bhd’s (THP) increased borrowing is necessary as it helps to expedite its expansion programme, MIDF Research said.

Minimal impact on prices

By SHAREN - Friday, November 21, 2014 - 00:43

GST MISCONCEPTION: No more than 5pc rise as residential properties are exempt-rated

MRCB’s restructuring exercise pays off

Friday, November 21, 2014 - 00:43

KUALA LUMPUR: Malaysian Resources Corp Bhd’s (MRCB) prospects are perking up as its restructuring efforts start to bear fruits, AmResearch Sdn Bhd said. 

AirAsia X expects yield fall to bottom out

Friday, November 21, 2014 - 00:42

KUALA LUMPUR: AirAsia X Bhd’s results were disappointing as yield declined 12.5 per cent following industry overcapacity and an aggressive promotional strategy, says MIDF Research.

Naza to ensure quality despite higher costs

Friday, November 21, 2014 - 00:40

Naza TTDI’s SM Faliq SM Nasimuddin says property prices will rise next year but will not solely be due to GST.

3 Pantai Sentral Park condos up for grabs in CIMB contest

Friday, November 21, 2014 - 00:39

KUALA LUMPUR: CIMB Bank recently kicked off the “CIMB Ultimate Dream Contest”, offering their new and existing customers a chance to win attractive prizes, including three monthly grand prizes of a brand new condominium at Pantai Sentral Park. The condominiums are worth more than RM730,000 each.

Mah Sing to focus on Klang Valley

By DHIPA PALANIKUALA - Friday, November 21, 2014 - 00:38

MAH Sing Group Bhd has targeted more property projects in the Klang Valley next year with a strong focus on mass market properties, after achieving RM2.5 billion sales for nine-months ended September 30 this year.

Asean needs strong plan for sustainable growth

By CHERYL YVONNE ACHU KUALA LUMPUR - Friday, November 21, 2014 - 00:37

ASEAN must have a strong game plan to ensure a sustainable development as it grows bigger as a single economy, when the Asean Economic Community (AEC) materialises by end of next year.

Suzuki sees 10pc sales contribution from new SUV

By NUR HANINI MOHD HANIF - Friday, November 21, 2014 - 00:36

KUALA LUMPUR: Suzuki Malaysia Automobile Sdn Bhd (SMA) expects the newly-launched C-segment sports utility vehicle (SUV), Suzuki S-Cross, to contribute 10 per cent to its overall sales.