Business

FGV back in for NBPOL

By ZAIDI ISHAM ISMAIL AND ZARINA - Thursday, 2 October 2014.

FELDA Global Ventures Holdings Bhd (FGV) has initiated talks with Kulim (M) Bhd to buy the latter’s controlling stake in London-listed New Britain Palm Oil Ltd (NBPOL), said people familiar with the matter.

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GST eliminates inefficiency in current tax system: Customs

Thursday, October 2, 2014 - 14:10

KUALA LUMPUR: The Goods and Services Tax (GST) eliminates the inefficiency in the current tax system which failed to distinguish between the cost of goods sold and the tax element in the price, said Deputy Director-General of Royal Malaysian Customs Department, Datuk Zainul Abidin Taib. -- BERNAMA

GST registration exercise draws 71,916 firms

Thursday, October 2, 2014 - 13:51

KUALA LUMPUR: The registration exercise for the Goods and Services Tax (GST)has attracted about 71,916 companies as of Oct 1.

KL shares lower at midday

Thursday, October 2, 2014 - 12:43

KUALA LUMPUR: At 12.30 p.m. today, there were 173 gainers, 560 losers and 263 counters traded unchanged on the Bursa Malaysia.

Kenanga says to ‘overweight’ construction sector

Thursday, October 2, 2014 - 11:35

KUALA LUMPUR: Kenanga Research says construction sector remains bright driven by public infrastructure and government-backed mixed development projects under the Economic Transformation Programme (ETP).

Full-year inflation to grow 3.2pc due petrol pump price hike: AmResearch

Thursday, October 2, 2014 - 11:25

KUALA LUMPUR: Full-year inflation is likely to grow by 3.2 per cent owing to the latest petrol pump price increase, AmResearch Sdn Bhd said.

AmResearch maintains 'hold' call on Axiata

Thursday, October 2, 2014 - 11:22

KUALA LUMPUR: AmResearch says Axiata Group Bhd is managing an overworked balance sheet via sale of 3,500 tower assets in Indonesia belonging to 66 per cent-owned Indonesian unit, XL Axiata.

KL shares lower at midmorning

Thursday, October 2, 2014 - 11:21

KUALA LUMPUR: At 10.30 am today, there were 140 gainers, 445 losers and 259 counters traded unchanged on the Bursa Malaysia.

Timber council, furniture firms to tap India market

Thursday, October 2, 2014 - 01:39

KUALA LUMPUR: The Malaysian Timber Council (MTC) is targeting India’s fast-growing economy, expecially its construction and real estate sectors in major cities.

Toolmaking sector a key manufacturing component

Thursday, October 2, 2014 - 01:39

THE last few articles highlighted the important role of designers and the necessity to develop the capability and skills in prototyping and rapid tooling technology in order to enhance product competitiveness of the local automotive industry.

Maybank gets Myanmar licence

By MUHAMMED AHMAD HAMDAN - Thursday, October 2, 2014 - 01:27

KUALA LUMPUR: Malayan Banking Bhd (Maybank), the country’s biggest lender, has emerged as one of the nine regional banks and the only one from Malaysia to be awarded a foreign bank licence in Myanmar.

Petronas to work with Canada on LNG project

By KAMARUL YUNUSKUALA - Thursday, October 2, 2014 - 01:22

THE British Columbia provincial government and Petroliam Nasional Bhd (Petro-nas) have agreed to work together to advance the latter’s liquefied natural gas (LNG) export terminal and facility project in Canada.

Maybank revises ringgit outlook to RM3.30 vs US$

Thursday, October 2, 2014 - 01:21

KUALA LUMPUR: Maybank FX Research has revised its outlook for the ringgit against the US dollar to RM3.30 by year-end, saying the tides has turned against the currency and the majority of Asian currencies.

MUI: No plan to sell Hyde Park hotel

Thursday, October 2, 2014 - 01:21

KUALA LUMPUR: Malayan United Industries Bhd (MUI) has denied a news report that the company planned to dispose of its Corus Hotel Hyde Park. It also denied the appointment of Debutesq Group, a real estate firm, for the sale of the property.

PT Solusi wins bid for telco towers

Thursday, October 2, 2014 - 01:20

KUALA LUMPUR: Axiata Group Bhd’s 66.5 per cent-owned unit, PT XL Axiata TBK, has declared PT Solusi Tunas Pratama Tbk as the winning bidder for its 3,500 telecommunication towers.

Bonia completes acquisition

Thursday, October 2, 2014 - 01:20

KUALA LUMPUR: Bonia Corp Bhd has completed the acquisition of an indirect subsidy, CRG Viet Nam Company Ltd (CRGV), with a paid-up capital of RM937,411. With the acquisition, CRGV has become a 99 per cent-owned subsidiary of CRG Incorporated Sdn Bhd, a wholly-owned subsidiary of the group.

UEM Sunrise: JV conditions extended

Thursday, October 2, 2014 - 01:20

KUALA LUMPUR: UEM Sunrise Bhd said the conditions precedent for the joint-venture (JV) agreement and sale and purchase agreement relating to the development of Motorsports City in Nusajaya, Johor, has been extended for the second time to December 31 this year.