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.

Latest

Oil subsidy reduction can prevent leakage: Dr M

Thursday, October 2, 2014 - 18:13

KOTA BAHARU: The reduction of 20 sen per litre in petrol and diesel subsidies effective today is viewed as apt by former prime minister Tun Dr Mahathir Mohamad to avoid financial leakage and misappropriation of the subsidised fuel.

Kenanga: 'Overweight' on gaming sector

Thursday, October 2, 2014 - 18:04

KUALA LUMPUR: Kenanga recommends the gaming sector given the compelling valuations for both casino and NFO players.

QL to expand integrated livestock farming arm

Thursday, October 2, 2014 - 17:42

KUALA LUMPUR: QL Resources Bhd, a diversified resource and agricultural-based group, is exploring opportunities to expand its integrated livestock farming division organically and inorganically.

KL shares end sharply lower

Thursday, October 2, 2014 - 17:40

KUALA LUMPUR: At 5 pm today, there were 179 gainers, 732 losers and 232 counters traded unchanged on the Bursa Malaysia.

SIC to announce new business venture this month: CEO

Thursday, October 2, 2014 - 16:50

PETALING JAYA: The Sepang International Circuit (SIC) will announce a new business venture during the South East Asia (SEA) Motorcycle

Fuel price hike will up inflation: RHB

Thursday, October 2, 2014 - 16:08

KUALA LUMPUR: The government's move to raise the retail prices of RON95 petrol and diesel by 20 sen a litre effective today would cause

KL shares lower at midafternoon

Thursday, October 2, 2014 - 15:49

KUALA LUMPUR: Shares on Bursa Malaysia extended the negative momentum from early trading to mid-afternoon, with all benchmark indices in the red, dealers said.

Successful GST rollout requires 5 key process elements: Customs

Thursday, October 2, 2014 - 15:17

KUALA LUMPUR: Successful implementation of the Goods and Services Tax (GST) requires five key process elements including political will and an effective consultative and communication process, the Royal

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).

Inflation to grow 3.2pc due petrol 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.