THE Asean Economic Community (AEC), the single market which takes shape next year, promises benefits to the people and businesses.
David Carden, who was former US ambassador to Asean, sees Malaysia as a uniquely positioned nation, which is able to showcase its own stage of development of a more regional approach while juggling underlying issues of a pluralistic community.
NEW energy-efficient vehicles (EEV), with reference to the “plug-in hybrid electric vehicle”, the full “electric vehicle” and the “fuel cell hybrid”, are new mobility concepts beginning to enter the marketplace.
NEW YORK state’s banking regulator hit Standard Chartered Bank with a US$300 million (RM950 million) fine and restrictions on its dollar-clearing business yesterday for not detecting possible money laundering.
LONDON: British construction company Balfour Beatty rejected a third merger proposal from Carillion yesterday , saying a turnaround strategy centred on the sale of its United States (US) engineering business was a better prospect for investors.
LONDON: Commodities group Glencore became the first of the large miners to honour promises to return cash to shareholders, announcing a share buyback programme of up to US$1 billion (RM3.17 billion) as it reported forecast-beating first-half profit.
STRUGGLING Australian food and beverage company Coca-Cola Amatil Ltd (CCA) warned yesterday it expects to post a second consecutive drop in full-year earnings amid weak consumer confidence and thanks to a few management “own goals”.
SHANGHAI: China has fined 10 Japanese auto parts firms more than US$200 million (RM634 million) in total for price fixing, authorities said yesterday, reportedly the biggest-ever such penalties, in the latest step of the country’s anti-monopoly drive.
CITIGROUP Inc is preparing to sell its Japanese retail banking operations, a source with direct knowledge of the matter said yesterday, as it waves the white flag on a venture plagued by regulatory troubles and anaemic lending.
HONG KONG/BEIJING: Canadian retailer Alimentation Couche-Tard Inc and China’s Tencent Holdings Ltd are among suitors short-listed to buy a US$16 billion (RM50.72 billion) minority stake in China’s Sinopec Sales, the world’s largest fuel retail network, people familiar with the matter said.
KENANGA Research reiterates its “market perform” call on Maxis Bhd with a RM6.87 target price as the group sails the transformation wave.
PUBLIC Investment Bank Bhd (PublicInvest) rates Perdana Petroleum Bhd as “outperform”, in line with the group’s earnings and expansion strategy.
THERE are mixed views on how the automotive sector would perform in the second half of this year.
RHB Research is maintaining its “buy” rating on Bumi Armada Bhd, with a RM4.54 fair value on securing the US$1.18 billion Madura floating production, storage and offloading (FPSO) job.
KUALA LUMPUR: Khazanah Nasional Bhd may turn to Celcom Axiata Bhd chief executive officer Datuk Seri Shazalli Ramly to lead its troubled outfit, Malaysia Airlines.
BOUSTEAD Plantations Bhd (BPB) chalked up a net profit of RM9.4 million in the second quarter ended June 30 after registering losses of RM10.4 million in the same period last year.
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