Business

Brahim’s willing to sell BAC stake

By SHAREN - Thursday, 21 August 2014.

THE major shareholder of Brahim’s Holdings Bhd said he may consider selling the company’s stake in in-flight caterer Brahim’s Airline Catering (BAC) Sdn Bhd should there be a request from Malaysia Airlines (MAS).

Latest

‘Consumers will benefit from AEC’

By RUPA DAMODARAN KUALA LUMPUR - Thursday, August 21, 2014 - 00:08

THE Asean Economic Community (AEC), the single market which takes shape next year, promises benefits to the people and businesses.

KL can lead in Asean integration, says former envoy

By DHIPA PALANI - Thursday, August 21, 2014 - 00:08

David Carden, who was former US ambassador to Asean, sees Malaysia as a uniquely positioned nation, which is able to showcase its own stage of development of a more regional approach while juggling underlying issues of a pluralistic community.

Ensuring smooth transition to EEVs

Thursday, August 21, 2014 - 00:07

NEW energy-efficient vehicles (EEV), with reference to the “plug-in hybrid electric vehicle”, the full “electric vehicle” and the “fuel cell hybrid”, are new mobility concepts beginning to enter the marketplace.

StanChart hit with US$300m fine

Thursday, August 21, 2014 - 00:06

NEW YORK state’s banking regulator hit Standard Chartered Bank with a US$300 million (RM950 million) fine and restrictions on its dollar-clearing business yesterday for not detecting possible money laundering.

Balfour rejects third Carillion merger offer

Thursday, August 21, 2014 - 00:05

LONDON: British construction company Balfour Beatty rejected a third merger proposal from Carillion yesterday , saying a turnaround strategy centred on the sale of its United States (US) engineering business was a better prospect for investors.

Glencore unveils US$1b buyback as profit rises

Thursday, August 21, 2014 - 00:05

LONDON: Commodities group Glencore became the first of the large miners to honour promises to return cash to shareholders, announcing a share buyback programme of up to US$1 billion (RM3.17 billion) as it reported forecast-beating first-half profit.

Coca-Cola Amatil warns on full-year earnings

Thursday, August 21, 2014 - 00:05

STRUGGLING Australian food and beverage company Coca-Cola Amatil Ltd (CCA) warned yesterday it expects to post a second consecutive drop in full-year earnings amid weak consumer confidence and thanks to a few management “own goals”.

China fines Japanese auto parts firms US$200m for price fixing

Thursday, August 21, 2014 - 00:04

SHANGHAI: China has fined 10 Japanese auto parts firms more than US$200 million (RM634 million) in total for price fixing, authorities said yesterday, reportedly the biggest-ever such penalties, in the latest step of the country’s anti-monopoly drive.

Citi to exit Japanese retail banking ops?

Thursday, August 21, 2014 - 00:03

CITIGROUP Inc is preparing to sell its Japanese retail banking operations, a source with direct knowledge of the matter said yesterday, as it waves the white flag on a venture plagued by regulatory troubles and anaemic lending.

Canada’s Couche-Tard shortlisted to buy Sinopec unit stake

Thursday, August 21, 2014 - 00:03

HONG KONG/BEIJING: Canadian retailer Alimentation Couche-Tard Inc and China’s Tencent Holdings Ltd are among suitors short-listed to buy a US$16 billion (RM50.72 billion) minority stake in China’s Sinopec Sales, the world’s largest fuel retail network, people familiar with the matter said.

Kenanga reiterates upbeat forecast on Maxis

Thursday, August 21, 2014 - 00:01

KENANGA Research reiterates its “market perform” call on Maxis Bhd with a RM6.87 target price as the group sails the transformation wave.

Perdana Petroleum rated ‘outperform’

Thursday, August 21, 2014 - 00:00

PUBLIC Investment Bank Bhd (PublicInvest) rates Perdana Petroleum Bhd as “outperform”, in line with the group’s earnings and expansion strategy.

Mixed outlook on auto sector’s performance

Thursday, August 21, 2014 - 00:00

THERE are mixed views on how the automotive sector would perform in the second half of this year.

Bumi Armada ‘buy’ call stays

Wednesday, August 20, 2014 - 23:59

RHB Research is maintaining its “buy” rating on Bumi Armada Bhd, with a RM4.54 fair value on securing the US$1.18 billion Madura floating production, storage and offloading (FPSO) job.

Celcom boss in list to helm MAS?

Wednesday, August 20, 2014 - 23:44

KUALA LUMPUR: Khazanah Nasional Bhd may turn to Celcom Axiata Bhd chief executive officer Datuk Seri Shazalli Ramly to lead its troubled outfit, Malaysia Airlines.

Boustead Plantations posts RM9.4m H2 profit

Wednesday, August 20, 2014 - 23:30

BOUSTEAD Plantations Bhd (BPB) chalked up a net profit of RM9.4 million in the second quarter ended June 30 after registering losses of RM10.4 million in the same period last year.