Business

Electrify-ing TNB

By ZAIDI ISHAM - Saturday, 1 November 2014.

RM6.4b PROFIT: Utility giant attributes performance to lower tax and softer coal and oil prices

Latest

Perodua Axia gets 44,000 bookings, exceeding target

Saturday, November 1, 2014 - 16:02

RAWANG: Perusahaan Otomobil Kedua Sdn Bhd (Perodua) says bookings for its newly launched Axia have hit 44,000 units, exceeding the earlier target of 30,000 by year-end.

Octanex gains Sabah backing for exploration

Saturday, November 1, 2014 - 15:16

MELBOURNE: Sabah is investing up to US$17 million in Western Australia's junior Octanex N.L, according to a report on the Petroleum Exploration Society of Australiawebsite.

Firmer tin market seen next week

Saturday, November 1, 2014 - 15:12

KUALA LUMPUR: The Kuala Lumpur Tin Market (KLTM) is expected to be firmer next week on improved follow-through demand, particularly from foreign traders, said a dealer.

Rubber mart likely to trend higher next week

Saturday, November 1, 2014 - 15:09

KUALA LUMPUR: The Malaysian rubber market is likely to trend higher next week on improved demand for the commodity, said a dealer.

CPO to trade between RM2,250 and RM2,300

Saturday, November 1, 2014 - 15:06

KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives are likely to trade at between RM2,250 and RM2,300 a tonne, said Interband Group of Companies senior palm oil trader Jim Teh.

Gold futures likely to remain bearish next week

Saturday, November 1, 2014 - 15:02

KUALA LUMPUR: Gold futures contracts on Bursa Malaysia Derivatives are likely to remain bearish next week on lower demand.

GST registration rises to 117,376 as of October 31

Saturday, November 1, 2014 - 14:59

KUALA LUMPUR: The number of companies that have registered for the Goods and Services Tax (GST) stood at 117,376 as of October 31, an increase of 2,087 from the previous day, said the Royal Malaysian Customs Department.

Bursa likely to trend higher next week

Saturday, November 1, 2014 - 14:55

KUALA LUMPUR: Bursa Malaysia will likely trend higher next week fuelled by a fresh wave of bullishness in global equity markets coupled with window dressing activities.

Stable short-term rates seen next week

Saturday, November 1, 2014 - 14:51

KUALA LUMPUR: Short-term rates are expected to remain stable next week on Bank Negara Malaysia's (BNM) intervention in the money market to absorb surplus liquidity, dealers said.

Ringgit likely to trade cautiously next week

Saturday, November 1, 2014 - 14:48

KUALA LUMPUR: The ringgit is likely to trade between 3.26 and 3.27 against the US dollar next week driven by overall sentiment surrounding the greenback, dealers said.

‘No development charges on M+S’

By MUHAMMED AHMAD HAMDAN - Saturday, November 1, 2014 - 00:41

KUALA LUMPUR: Malaysia has won a dispute with Singapore over parcels of land formerly occupied by KTM Bhd in the republic.

IOI Prop to gain from MRT2

By SHAREN KAUR KUALA - Saturday, November 1, 2014 - 00:41

IOI Properties Group Bhd (IOIPG) may emerge as the key beneficiary for the mass rapid transit Sungai Buloh-Serdang-Putrajaya line (MRT2), given that it has 200ha of landbank in Putrajaya, that houses IOI Resort City.

SP Setia open to more landbank acquisitions

Saturday, November 1, 2014 - 00:36

KUALA LUMPUR: SP Setia Bhd is open to the opportunity to increase its landbank in Malaysia.

Sting among buyers of units

Saturday, November 1, 2014 - 00:32

LONDON: British celebrity Gordon Sumner, better know by his stage name Sting, is a confirmed buyer of one of the Battersea Power Station’s new apartments.

CEO Wasim Saifi leaving Standard Chartered Saadiq

Saturday, November 1, 2014 - 00:32

KUALA LUMPUR: Standard Chartered Saadiq Bhd’s chief executive officer (CEO) Wasim Saifi is leaving the bank after three years of service to pursue personal interests.

Battersea owners hunt for ‘brightest’ businesses

By MARINA EMMANUEL LONDON - Saturday, November 1, 2014 - 00:31

MORE than three decades after the Battersea Power Station ceased the production of electricity, it was placed in the limelight again as the first wave of cities worldwide welcomed public exhibitions for the sales launch of the development.