Business

Bursa climbs to 18-month high

Tuesday, 23 December 2014.

KUALA LUMPUR: Bursa Malaysia yesterday posted its best closing since May last year, surging more than 28 points to continue the market rally from last week.

Latest

Mixed outlook for property market

By ZARINA ZAKARIAH KUALA LUMPUR: - Tuesday, December 23, 2014 - 00:22

PROPERTY analysts and experts are mixed in their property market outlook for next year due to the uncertainty that is looming ahead of the Goods and Services Tax (GST) implementation next year.

MAS takes delivery of 100th B737 aircraft

Tuesday, December 23, 2014 - 00:21

SEPANG: Malaysia Airlines (MAS) has taken delivery of its 100th Boeing 737 aircraft, which is the next generation B737-800.

Mulpha unit buys Aussie land for A$120m

Tuesday, December 23, 2014 - 00:21

KUALA LUMPUR: Mulpha International Bhd is buying a total of 4.401ha in Australia for A$120 million (RM340.8 million).

Salcon consortium wins RM470m deal

Tuesday, December 23, 2014 - 00:19

KUALA LUMPUR: MMC Corp Bhd has awarded a RM470 million sewage treatment contract to a proposed consortium comprising Salcon Bhd and Loh & Loh Constructions Sdn Bhd.

KLTM gains US$50

Tuesday, December 23, 2014 - 00:15

KUALA LUMPUR: The Kuala Lumpur Tin Market (KLTM) closed US$50 higher at US$19,150 a tonne yesterday, following the rebound in the metal price on the London Metal Exchange (LME).

Ringgit slips against US$

Tuesday, December 23, 2014 - 00:12

KUALA LUMPUR: The ringgit closed lower against the US dollar yesterday, as “dollar-buying” sentiment continued to weigh on demand.

Oil falls towards US$60

Tuesday, December 23, 2014 - 00:12

LONDON: Oil fell towards US$60 a barrel yesterday, reversing gains after Saudi Arabia indicated it could increase its output.

Klibor futures untraded

Tuesday, December 23, 2014 - 00:10

KUALA LUMPUR: The three-month Kuala Lumpur Interbank Offered Rate (Klibor) futures contracts on Bursa Malaysia Derivatives remained untraded at close yesterday.

Gold futures broadly higher

Tuesday, December 23, 2014 - 00:09

KUALA LUMPUR: Gold futures contracts on Bursa Malaysia Derivatives closed broadly higher yesterday, tracking gains on the US Commodity Exchange’s gold futures as crude oil prices rebounded.

Rubber market closes higher

Tuesday, December 23, 2014 - 00:09

KUALA LUMPUR: The Malaysian rubber market closed higher yesterday amid the weakening ringgit, a dealer said.

CPO prices up on strong exports data

Tuesday, December 23, 2014 - 00:08

KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives ended broadly higher as better-than-expected exports data helped boost market sentiment.

KL set to climb in global rankings

By RUPA DAMODARAN KUALA - Tuesday, December 23, 2014 - 00:07

MALAYSIA may have moved up the World Bank rankings in ease of doing business in recent years, but a significant jump can be expected in 2017 with the reforms in the tax payment system in place.

New top line-up at PNB

Tuesday, December 23, 2014 - 00:06

KUALA LUMPUR: Permodalan Nasional Bhd (PNB), Malaysia’s largest fund manager, has named Datuk Idris Kechot as its deputy president and group chief operating officer effective this month.

Azmi appointed as Prasarana group MD

Tuesday, December 23, 2014 - 00:05

KUALA LUMPUR: Azmi Abdul Aziz, the former head of Rapid KL rail operations, returns to Prasarana Malaysia Bhd to take the helm of the country’s leading public transport services as the group managing director effective January 1 next year.

NCB to increase asset utilisation

By LIDIANA ROSLI - Tuesday, December 23, 2014 - 00:04

PORT KLANG: Port and logistics operator NCB Holdings Bhd (NCB) targets to increase its asset utilisation rate from 75 per cent to 90 per cent by the end of next year, thus increasing profitability.

Benalec: Tanjong Piai job delayed on client’s request

By NUR HANINI MOHD HANIFKUALA - Tuesday, December 23, 2014 - 00:02

BENALEC Holdings Bhd, a marine construction services provider, said its land reclamation project for 1MY Strategic Oil Terminal Sdn Bhd in Tanjung Piai, Johor, has been delayed on the client’s request.