Business

Re-POS-itioning debit card

By FRANCIS - Friday, 28 November 2014.

THE days of tapping a debit card on a point-of-sale (POS) device to pay for a glass of teh tarik or a newspaper are drawing closer as Bank Negara Malaysia unveils details of its roadmap for Malaysia’s migration to

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Oil falls as Opec holds output level

Friday, November 28, 2014 - 00:48

VIENNA: Organisation of the Petroleum Exporting Countries (Opec) on Thursday decided against cutting the amount of oil it produces despite a glut in global supplies, triggering a fresh collapse in crude prices.

Room for improvement

By SHAREN - Friday, November 28, 2014 - 00:43

SIMPLER PROCESS NEEDED: Developers have to submit many applications just to get projects started

Oil falls to 4-year low

Friday, November 28, 2014 - 00:39

LONDON: Brent crude oil fell more than US$3 to a fresh four-year low under US$75 a barrel yesterday after Opec decided not to cut production, despite a huge oversupply in world markets.

KLTM gains US$180

Friday, November 28, 2014 - 00:38

KUALA LUMPUR: The Kuala Lumpur Tin Market (KLTM) closed US$180 higher at US$20,180 a tonne on low offerings by miners, said a dealer.

Protasco shareholders oust Tey, Ooi

Friday, November 28, 2014 - 00:37

KAJANG: Construction and property firm Protasco Bhd’s shareholders have voted to remove Tey Por Yee and Ooi Kock Aun from its board with immediate effect.

Klibor futures untraded

Friday, November 28, 2014 - 00:37

KUALA LUMPUR: The three-month Kuala Lumpur Interbank Offered Rate (Klibor) futures contract ended untraded yesterday.

Simply easier and faster overseas

Friday, November 28, 2014 - 00:36

MORE Malaysian developers are venturing overseas, such as in Britain, Canada and Australia, as they can land a project faster with all the approvals in place and make more money because of foreign exchange gain.

Gold futures weaken

Friday, November 28, 2014 - 00:36

KUALA LUMPUR: Gold futures contracts on Bursa Malaysia Derivatives ended lower yesterday on lack of catalysts, said Philip Futures Sdn Bhd dealer Ahmad Danial Zainudin.

Ringgit higher against US$

Friday, November 28, 2014 - 00:35

KUALA LUMPUR: The ringgit ended higher against the US dollar yesterday, following lacklustre US economic data which pushed down Treasury yields and weakened the greenback, a dealer said.

Rubber market slips

Friday, November 28, 2014 - 00:34

KUALA LUMPUR: The Malaysian Rubber market closed lower yesterday due to the downtrend in regional futures markets.

CPO futures ends lower

Friday, November 28, 2014 - 00:26

KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed lower yesterday amid profit-taking following two days of gains, a dealer said.

FGV expects strong CPO prices in coming quarters

Friday, November 28, 2014 - 00:25

‘Etiqa posted healthy Q3 pre-tax profit’

Friday, November 28, 2014 - 00:24

KUALA LUMPUR: Malayan Banking Bhd (Maybank) has clarified that its insurance and takaful business recorded a healthy profit before tax (PBT) in the third quarter ended September 30, as opposed to “losses” as reported in the news yesterday.

Berjaya Auto shares rev up on higher dividend plan

Friday, November 28, 2014 - 00:24

KUALA LUMPUR: Berjaya Auto Bhd, the distributor and assembler for Mazda Motor Corp vehicles in Malaysia, plans to raise dividends this year and double sales within three years with new models.

MMC buys NCB stake for RM222m

Friday, November 28, 2014 - 00:23

KUALA LUMPUR:  MMC Corp Bhd has bought 15.73 per cent stake in  port operator, NCB Holdings Bhd,  from MISC Bhd for RM221.98 million, further expanding its ports and logistics businesses.

Kronologi to use listing proceeds for expansion

By NUR HANINI MOHD HANIF - Friday, November 28, 2014 - 00:21

KUALA LUMPUR: Enterprise data management (EDM) specialist Kronologi Asia Bhd plans to spend the RM17.18 million raised from its initial public offering (IPO) on expansion, research and working capital.