Business

No changes in GDP growth upgrade following plunging oil prices: Merrill Lynch

By RUPA DAMODARAN - Friday, 23 January 2015.

KUALA LUMPUR: Lower oil prices have yet to result in any sizeable goss domestic product (GDP) growth upgrade for emerging Asia, partly because of slowing global growth outside the US, said Bank of America Merrill Lynch.

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Malaysia’s financial system can withstand surge in capital outflow, inflow

By RUPA DAMODARAN - Tuesday, January 27, 2015 - 14:25

PUTRAJAYA: The ringgit will trend towards a level reflecting the economy's fundamentals, said Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz.

Hua Yang set to acquire more land in Mainland Penang following maiden foray

Tuesday, January 27, 2015 - 12:46

KUALA LUMPUR: Hua Yang Bhd’s maiden foray into mainland Penang is expected to pave the way for more land acquisitions over the next 12 months, Kenanga Research said.

AirAsia X’s Azran keeps mum on resignation rumour

By SHAREN KAUR - Tuesday, January 27, 2015 - 11:15

KUALA LUMPUR: AirAsia X Bhd chief executive officer Azran Osman Rani did not deny or confirm reports that he has resigned.

Microsoft earnings report doesn’t excite market

Tuesday, January 27, 2015 - 10:17

SAN FRANCISCO: Big jumps in sales of its Surface tablets, cloud computing software and Lumia smartphones drove Microsoft’s quarterly revenue above expectations, as CEO Satya Nadella continues to steer toward the mobile gadget market and shift Microsoft away from its traditional focus on the PC.

Macquarie Capital to list 8 structured warrants on FBM KLCI

Tuesday, January 27, 2015 - 01:52

KUALA LUMPUR: Macquarie Capital Securities will list eight new structured warrants on the FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) today.

KL shares end lower, KLCI down 6.64 pts

Monday, January 26, 2015 - 18:03

KUALA LUMPUR: Share prices on Bursa Malaysia fell today, weighed down by profit-taking in heavyweights after recent rally, dealers said.

JCorp interested to acquire all NFC farms: Ismail Sabri

Monday, January 26, 2015 - 18:01

SERDANG: Johor Corporation (JCorp) is interested to acquire all National Feedlot Centre’s (NFC) satellite farms, including the one in Gemas, said Agriculture and Agro-based Industry, Datuk Seri Ismail Sabri Yaakob.

Share prices easier at mid-afternoon

Monday, January 26, 2015 - 15:53

KUALA LUMPUR: Bursa Malaysia was easier at mid-afternoon today on continued selling pressure in heavyweights led by Petronas Chemicals, which lost 18 sen to RM5.33, dealers said.

Malaysia shows commitment to fiscal consolidation: Moody’s

By RUPA DAMODARAN - Monday, January 26, 2015 - 15:30

KUALA LUMPUR: Moody’s Investors Service said many of the fiscal adjustments to Malaysia’s operating expenditure demonstrates the government’s commitment to meeting its fiscal rules and sustaining its fiscal consolidation trend.

AirAsia to abolish fuel surcharge

Monday, January 26, 2015 - 15:10

KUALA LUMPUR: AirAsia Bhd will be abolishing the fuel surcharge across all of its airlines in the group from today and in line with declining global oil prices.

AllianceDBS Research reiterates “Buy” rating on MKH at RM2.71

Monday, January 26, 2015 - 15:09

KUALA LUMPUR: AllianceDBS Research has reiterated its “buy” rating on property developer MKH Bhd at RM2.71, on the back of high unbilled property sales and strong oil palm plantation production growth.

Share prices lower at mid-day

Monday, January 26, 2015 - 15:05

KUALA LUMPUR: Share prices on Bursa Malaysia ended the morning session lower in line with its regional peers and tracking the weak cue from Wall Street last week, dealers said.

Kwasa Land lists 21 developers for next request R2-1 proposal

Monday, January 26, 2015 - 14:58

KUALA LUMPUR: Kwasa Land Sdn Bhd,the master developer of the iconic Kwasa Damansara township in Sungei Buloh, has named 21 Tier-2 developers who had been successfully prequalified for its next Request for Proposal (RFP) R2-1.

Eversendai gets RM184m contract from Reliance Industries

Monday, January 26, 2015 - 14:56

KUALA LUMPUR: Eversendai Corp Bhd, a specialist structural steel contractor, has been awarded a contract worth RM184 million from Reliance Industries Ltd of India.

Maybank aims for 20pc growth in SME merchant card billing

Monday, January 26, 2015 - 14:55

KUALA LUMPUR: Maybank, is aiming for a 20 per cent growth in small and medium enterprises (SME) merchant card billing transactions this year, from RM10 billion in 2014, boosted by the launch of a smartphone mobile point-of-sale (mPOS) service.

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