Business

Local lenders on path to digital dominance

By LIDIANA ROSLI - Saturday, 1 October 2016.

KUALA LUMPUR: The buzzwords “fintech” and “disruption” are gaining momentum in the commerce and banking space globally, and Malaysia’s financial sector has not been sitting idle.

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Luxury goods heavyweight Secoo opens first Southeast Asian store in Forest City

By Halim Said - Saturday, October 1, 2016 - 16:16

JOHOR BARU: Secoo, a Chinese online platform featuring high-end fashion brands, will make its Southeast Asian debut with a brick-and-mortar flagship store set to open at Forest City's shopping esplanade, the Harbour Commercial Streets.

Ringgit to come under pressure on expected continuous oil price volatility

By Bernama - Saturday, October 1, 2016 - 11:17

KUALA LUMPUR: The ringgit is likely to come under pressure next week on expected continuous oil price volatility, a currency dealer said.

MISC launches arbitration proceedings against SSPC

By NST ONLINE - Friday, September 30, 2016 - 22:16

KUALA LUMPUR: MISC Bhd has commenced arbitration proceedings against Sabah Shell Petroleum Co Ltd (SSPC), among others, to claim US$245 million and applicable interest.

YTL acquires three new luxury properties in the UK

By Hanna Hussein - Friday, September 30, 2016 - 18:40

KUALA LUMPUR: YTL Hotels is expanding its luxury portfolio with the recent acquisition of three properties in Edinburgh, Berkshire and London, strengthening the company’s presence within the United Kingdom.

TM's highly-anticipated 'webe' service now available [VIDEO]

By Farah Adilla - Friday, September 30, 2016 - 16:15

KUALA LUMPUR: Telekom Malaysia Bhd (TM)’s subsidiary, Webe Digital Sdn Bhd (webe), today announced the public availability of its digital mobile services offering unlimited data, calls and SMS.

Malaysia's September PMI increases to 48.6, up from August

By RUPA DAMODARAN - Friday, September 30, 2016 - 14:24

KUALA LUMPUR: The headline Purchasing Managers Index (PMI) posted at 48.6 in Sept for Malaysia, up from 47.4 in August.

Sime Darby shareholders approve share placement to raise RM2.38b

By OOI TEE CHING - Friday, September 30, 2016 - 13:10

KUALA LUMPUR: Sime Darby shareholders today approved a 5 per cent share placement to raise up to RM2.38 billion, said group president and chief executive officer Tan Sri Bakke Salleh.

Matrade expresses relief over OPEC's production cut decision

By FRANCIS DASS - Friday, September 30, 2016 - 12:21

KUALA LUMPUR: The Organization of Petroleum Exporting Countries (OPEC)’s decision to cut oil production is a boon for the oil and gas (O&G) industry.

Bursa caps Teck Guan surge

Friday, September 30, 2016 - 11:01

KUALA LUMPUR: Bursa Malaysia yesterday capped the surge in Teck Guan Perdana Bhd’s share price at RM1.78 after the stock hit limit up for two consecutive days.

Ringgit opens lower on falling oil prices

By Bernama - Friday, September 30, 2016 - 10:18

KUALA LUMPUR, Sept 30 – The ringgit opened lower against the US dollar today on the back of falling oil prices.

Najib expects 2016 to be a bumper year for FDIs

By RUPA DAMODARAN - Thursday, September 29, 2016 - 15:01

WISMAR (Hamburg): Foreign direct investments (FDIs) into Malaysia are expected to be particularly good this year, said Prime Minister Datuk Seri Najib Razak.

New Adidas CEO sets off in pursuit of Nike

By Reuters - Thursday, September 29, 2016 - 14:37

BERLIN: Closing the gap on clear market leader Nike is the challenge facing new Adidas boss Kasper Rorsted when the Dane takes charge of the world’s second biggest sportswear brand from the start of October.

Carmaker expects to break even in 3 years

By GOH THEAN HOWE - Thursday, September 29, 2016 - 11:00

SHAH ALAM: Proton Holdings Bhd expects to break even in three years by selling 5,000 units of its all-new Proton Saga a month.

DRB-HICOM looking at 5 proposals for Proton partnership

By GOH THEAN HOWE - Thursday, September 29, 2016 - 11:00

SHAH ALAM: DRB-HICOM Bhd has short-listed five global carmakers to be its subsidiary Proton Holdings Bhd’s strategic partner.

Better oil prices lift ringgit higher against US dollar

By Bernama - Thursday, September 29, 2016 - 10:14

KUALA LUMPUR: The ringgit rebounded from three days of losses to open higher against the US dollar this morning, lifted by stronger oil prices, dealers said.

Canada approves $8 bln LNG plant, but Petronas to review project

By Reuters - Wednesday, September 28, 2016 - 14:32

RICHMOND/ KUALA LUMPUR: Malaysia’s Petronas said on Wednesday that it would review a proposed C$11 billion ($8.3 billion) liquefied natural gas plant in western Canada that was approved by Ottawa following a three-year wait.

Bursa Msia signs licensing agreement with KL Tin Market

By FRANCIS DASS - Wednesday, September 28, 2016 - 14:18

KUALA LUMPUR: Bursa Malaysia Derivatives (BMD) today signed a licensing agreement with Kuala Lumpur Tin Market (KLTM) to develop and manage an alternative futures tin trading, the Futures Tin Market (FTIN) contract.

BCM Alliance aims to raise RM16.01m from IPO

By Farah Adilla - Wednesday, September 28, 2016 - 13:37

KUALA LUMPUR: Commercial laundry equipment and medical devices equipment distributor BCM Alliance Bhd, which is en route to list on the ACE Market of Bursa Malaysia Securities Bhd, expects to raise RM16.01 million from its initial public offering (IPO).

Malaysia's ranking drops to 25: WEF

By RUPA DAMODARAN - Wednesday, September 28, 2016 - 13:20

BERLIN: Malaysia was ranked 25th among the 138 economies in the latest annual World Economic Forum's Global Competitiveness Report.

Need to address non-tariff barriers within Asean

Wednesday, September 28, 2016 - 11:02

ADDRESSING non-tariff barriers (NTB) in Asean still has a long way to go, and member countries must first work on key people-centric focus groups in order to start progressing, said Asean Business Advisory Council Malaysia chairman Tan Sri Dr Mohd Munir Abdul Majid.

Satellite Pipeline inks technical deal with AWS Schäfer

By RUPA DAMODARAN - Wednesday, September 28, 2016 - 11:01

BERLIN: Satellite Pipeline Sdn Bhd has tied up with German pipe machine leader AWS Schäfer Technologie GmbH to start a steel and pipe heat induction bending workshop in Pahang.

Citizens, govt and businesses play role in city's transformation

Wednesday, September 28, 2016 - 11:01

MAKING a city a liveable space involves the citizens, the government and businesses and requires small and multiple meaningful projects for the transformation, said Think City Sdn Bhd executive director Hamdan Abdul Majeed. 

'No changes to GST in near term'

Wednesday, September 28, 2016 - 11:01

THERE will be no changes to the Goods and Services Tax (GST) in the near term as the government aims to embed the tax system into entire consumer spending system, said Finance Minister II Datuk Johari Abdul Ghani.

German firm eyes Silterra

By A. Jalil Hamid - Wednesday, September 28, 2016 - 11:00

BERLIN: German wafer fab giant X-Fab Silicon Foundaries is looking at Khazanah Nasional Bhd’s wafer fab company Silterra Malaysia Sdn Bhd in Kulim as a possible acquisition target.

Malaysia on track to be high-income economy

Wednesday, September 28, 2016 - 11:00

MALAYSIA is on track to become a high-income nation as it has successfully diversified its economy and remains one of the largest trading nations in the world.

Canada approves US$27 bn LNG project, eyes Asia

By AFP - Wednesday, September 28, 2016 - 10:56

MONTREAL: Canada approved Tuesday a Can$36 billion (US$27 billion USD) project by Malaysia’s Petronas to build a liquid natural gas pipeline along its Pacific Northwest coast, a massive project targeting Asian markets.

Malaysia's innovation landscape, according to GE's innovation barometer

By GE REPORTS MALAYSIA - Wednesday, September 28, 2016 - 09:10

The term “innovation” has been bandied around with increasing frequency over the past decade.

German companies share success stories of their Malaysian ventures

By RUPA DAMODARAN - Tuesday, September 27, 2016 - 19:34

BERLIN: German companies have given the thumbs-up to the incentives rolled out by Malaysia, saying they have provided support to their investment story abroad.

Ranhill partners SIIC Environment Holdings to strengthen presence in China

By FRANCIS DASS - Tuesday, September 27, 2016 - 16:09

PUTRAJAYA: Ranhill Holdings Bhd has partnered with China-based SIIC Environment Holdings Ltd in a deal worth RM169 million to strengthen its presence in China.

Rehda to hold expositions in Oct, including first Bumiputera Mapex

By AMIR HISYAM RASID - Tuesday, September 27, 2016 - 14:29

KUALA LUMPUR: The Real Estate and Housing Developers' Association (Rehda) will be organising two property expositions (Mapex) which include Bumiputera Mapex and national Mapex this Oct to assist developers in driving sales and buyers to get their dream homes.