Business

Averting price war

By OOI TEE - Monday, 1 September 2014.

WIN-WIN SITUATION: Malaysia’s palm oil tax gap must mirror that of Indonesia, says Poram chief

Latest

Brent falls below US$102

Wednesday, September 3, 2014 - 00:32

LONDON: Brent crude fell below US$102 a barrel yesterday, pressured by worries about slowing oil demand growth in China and Europe, a strong US dollar and ample supplies.

Klibor futures contracts untraded

Wednesday, September 3, 2014 - 00:32

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

KLTM closes US$110 lower

Wednesday, September 3, 2014 - 00:31

KUALA LUMPUR: The Kuala Lumpur Tin Market (KLTM) closed US$110 lower at US$21,850 a tonne yesterday in line with the downtrend in the metal price on the London Metal Exchange (LME).

Ringgit slips against US dollar

Wednesday, September 3, 2014 - 00:30

KUALA LUMPUR: The ringgit extended losses to the third consecutive trading day against the US dollar yesterday, with the greenback becoming more attractive to investors.

Rubber mart ends mixed

Wednesday, September 3, 2014 - 00:30

KUALA LUMPUR: The Malaysian rubber market ended mixed yesterday amid negative sentiment as growth in China’s vast factory sector slackened in August on slowing foreign and domestic demand.

Gold futures close lower

Wednesday, September 3, 2014 - 00:29

KUALA LUMPUR: Gold futures contracts on Bursa Malaysia Derivatives closed lower yesterday tracking losses on the New York Commodity Exchange’s (Comex) gold futures.

CPO futures prices end higher

Wednesday, September 3, 2014 - 00:28

KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed higher yesterday on the back of strong performance of the soyabean oil market.

EPF investment assets hit massive RM612b

Tuesday, September 2, 2014 - 23:46

KUALA LUMPUR: The Employees Provident Fund’s (EPF) investment assets continue to chart a healthy growth, rising by RM58.49 billion yearon- year to a whopping RM612.41 billion as at the second quarter (Q2) ended June 30 this year.

Malaysia’s strong market advantage

By Zaharah - Tuesday, September 2, 2014 - 23:41

AN advanced emerging market with a strong economic foundation and developed market infrastructure is the key selling point of Invest Malaysia 2014, here, an event organised to woo United Kingdom-based funds to invest in Malaysian companies.

‘Maybank’s key growth area still Southeast Asia’

Tuesday, September 2, 2014 - 23:41

LONDON: Malayan Banking Bhd (Maybank) will continue to put the Asean region as its priority for expansion as it sees opportunities to grow in all market segments, said group president and chief executive officer Datuk Abdul Farid Alias.

Muhibbah wins RM100m contract

Tuesday, September 2, 2014 - 23:40

KUALA LUMPUR: Muhibbah Engineering (M) Bhd has won a contract for the construction, fabrication and installation of the Aroma Chemical Complex for the lemongrass project in Kuantan worth RM100 million.

Sentoria unit seals land deal in Langkawi

Tuesday, September 2, 2014 - 23:40

KUALA LUMPUR: Sentoria Group Bhd’s unit, Sentoria Langkawi Sdn Bhd, has sealed agreements with the Langkawi Development Authority to lease 48ha of Malay reserve land for RM41.38 million. The leased land will enable Sentoria to develop a premium resort city and medical village. Bernama

KUB’s Zainal Abidin takes on COO role

Tuesday, September 2, 2014 - 23:40

KUALA LUMPUR: KUB Malaysia Bhd has appointed Dr Zainal Abidin Salleh as chief operating officer (COO) effective September 1.

Chew is new CFO of AirAsia X

Tuesday, September 2, 2014 - 23:40

KUALA LUMPUR: Long-haul low-cost carrier AirAsia X Bhd has appointed Chew Eng Loke as chief financial officer (CFO) effective immediately.

70 models to vie for top award at COTY 2014

By ZAIDI ISHAM ISMAILSHAH - Tuesday, September 2, 2014 - 23:35

THE New Straits Times (NST) Malayan Banking Bhd (Maybank) Car of the Year Awards 2014 is here once again, with about 70 new and facelifted models vying to be the best in 18 categories and, ultimately, be crowned as the best of the best.

Maxis denies wrongdoing in Aircel stake purchase

Tuesday, September 2, 2014 - 23:33

KUALA LUMPUR: Maxis Communications Bhd (MCB) has denied allegations that it coerced India’s mobile phone carrier Aircel Ltd into selling the latter’s share in 2006.