Business

S&P’s: Rise in contingent liabilities no risk to rating

Tuesday, 21 July 2015.

KUALA LUMPUR: Standard & Poor’s (S&P’s) said Malaysia’s stable sovereign rating outlook will not be affected by the recent increase in contingent liabilities based on the impact on the banking system.

Latest

Malaysia to remain firm in TPPA talks

By RUPA DAMODARAN - Wednesday, July 29, 2015 - 21:03

KUALA LUMPUR: International Trade and Industry Minister Datuk Seri Mustapa Mohamed has pledged to safeguard and uphold the core policies of Malaysia, including the interests of the Bumiputera community during the last leg of Trans Pacific Partnership talks.

Toshiba cuts executives’ pay over US$1.2b accounting scandal

Wednesday, July 29, 2015 - 19:16

TOKYO: Toshiba said Wednesday that 16 executives would take temporary pay cuts while another resigned in the wake of a billion dollar accounting scandal that has been blamed on management’s overzealous pursuit of profit.

Bursa Malaysia almost flat at mid-day

Wednesday, July 29, 2015 - 13:00

KUALA LUMPUR: Bursa Malaysia ended the morning session almost flat today on lack of local market drivers amid weakness in the external environment, dealers said.

Oil prices fall on oversupply concerns, weaker dollar support

Wednesday, July 29, 2015 - 10:52

SINGAPORE: Oil prices fell in Asian trade on Wednesday as concerns over global oversupply outweighed the impact of a likely larger than expected draw in U.S. crude stocks and a weakening dollar.

Ringgit opens slightly higher against US dollar

Wednesday, July 29, 2015 - 09:57

KUALA LUMPUR: – The ringgit was slightly higher against the US dollar in early trade today on mild demand for the local note as some investors remained cautious on the greenback.

MaGIC goes regional

By RUPA DAMODARAN - Tuesday, July 28, 2015 - 22:05

CYBERJAYA: Having developed an ecosystem of entrepreneurs on homeground, the Malaysian Global Innovation and Creativity Centre (MaGIC) is now going regional.

Mitsui & Co enters JV with Nusajaya Tech Park

Tuesday, July 28, 2015 - 17:02

KUALA LUMPUR: – Tokyo-based Mitsui and Co Ltd has entered into a joint venture (JV) agreement with Nusajaya Tech Park Sdn Bhd to undertake a 10.7-hectare development, comprising build-to-suit (BTS) properties for lease in Iskandar Malaysia.

AmResearch reaffirms ‘buy’ call on Kossan

Tuesday, July 28, 2015 - 16:58

KUALA LUMPUR: – AmResearch has reaffirmed its ‘buy’ call on rubber manufacturer, Kossan Rubber Industries Bhd, with a target price of RM8.40 to reflect its upward revision of forecasts for financial years 2015 to 2016.

Changi Airport handles 4.7m passengers in June, up 1pc

Tuesday, July 28, 2015 - 14:57

SINGAPORE: – Passenger traffic at Singapore’s Changi Airport increased 1.0 per cent in June 2015, with 4.70 million passengers passing through the airport.

AirAsia X ready to team up at right price

Tuesday, July 28, 2015 - 14:54

KUALA LUMPUR: – AirAsia X Bhd is ready to team up with potential investors but only if the price is right, its acting chief executive officer, Benyamin Ismail said.

AirAsia X to fly to Sapporo from October

Tuesday, July 28, 2015 - 14:26

KUALA LUMPUR: – AirAsia X Bhd, the leading long-haul low-fare airline, will commence four times weekly direct flights from Kuala Lumpur to Sapporo, Japan from Oct 1.

UPDATED: AirAsia not moving to KKIA Terminal 1: Aireen Omar

By Kristy Inus - Tuesday, July 28, 2015 - 11:56

KOTA KINABALU: There is no way AirAsia Bhd can continue with their expansion plans here if they shift operations to Kota Kinabalu International Airport (KKIA) Terminal 1.

S&P affirms Malaysia’s rating

By RUPA DAMODARAN - Monday, July 27, 2015 - 18:45

KUALA LUMPUR: Standard & Poor's Ratings Services has maintained its positive sovereign rating outlook for Malaysia.

Ringgit closes lower against US Dollar

Monday, July 27, 2015 - 17:39

KUALA LUMPUR: The ringgit closed lower against the US dollar today, in line with most emerging Asian currencies, on cautious sentiment ahead of the US Federal Reserve’s policy meeting.

China’s asset bubbles and slowdown put banks at risk: Moody’s

By RUPA DAMODARAN - Monday, July 27, 2015 - 16:22

KUALA LUMPUR: China’s asset bubbles and its growth slowdown places Malaysian banks and those in Hong Kong, Singapore and India at risk in the coming 12 months, says Moody’s.

KL shares trend lower at mid-afternoon

Monday, July 27, 2015 - 16:00

KUALA LUMPUR: Shares on Bursa Malaysia continued to trend lower at mid-afternoon today weighed down by losses in selected index-linked companies, dealers said.

Thai Airways suspends unprofitable US flights

Monday, July 27, 2015 - 14:51

BANGKOK: Thailand’s beleaguered national airline will suspend flights to the U.S. as part of efforts to end years of losses.

AirAsia to recapitalise Indonesia affiliate to meet equity rule

Monday, July 27, 2015 - 14:35

KUALA LUMPUR: AirAsia Bhd CEO Tony Fernandes said on Monday the company will recapitalise its Indonesian affiliate so that the unit can meet a rule set by the country’s transport ministry.

WASSB gets JX Nippon contract to operate AgustaWestland AW189 heli

By SHAREN KAUR - Monday, July 27, 2015 - 11:54

KUCHING: Weststar Aviation Services Sdn Bhd (WASSB) will use its first in the region AgustaWestland AW189 helicopter to transport offshore workers and goods for JX Nippon Oil & Gas Exploration Sdn Bhd.

Driving GLCs to greater heights

By Muhammed Ahmad Hamdan and Zarina Zakariah - Friday, July 24, 2015 - 18:52

KUALA LUMPUR: GOVERNMENT-linked companies (GLCs) have played a significant role in nation building and supporting the country’s economic growth with a total of RM63.5 billion taxes paid by the top 20 GLCs known as G20, from 2004 to 2014.

AIMS Group acquires Jaring network and customers

Friday, July 24, 2015 - 12:53

KUALA LUMPUR: – AIMS Group has secured the bid to acquire the data centre and network-related customer assets of Jaring Communications Sdn Bhd.

TAHPS shares up on plan to develop RM10b township

Friday, July 24, 2015 - 12:49

KUALA LUMPUR: – TAHPS Group Bhd’s shares rose in the morning session today after it unveiled plan to develop a 283-hectare township in Bukit Puchong, Selangor with a total gross development value of RM10 billion.

KL shares lower at mid-morning

Friday, July 24, 2015 - 11:28

KUALA LUMPUR: – Bursa Malaysia was lower at mid-morning today in lacklustre trading, dealers said.

Oil prices climb, but stay in bear market territory

Friday, July 24, 2015 - 11:23

SINGAPORE: Oil prices rebounded in early Asian trade on Friday after settling at their lowest in months in the previous session as worries over the demand outlook and continued oversupply weighed on the market.

U.S. airlines return to fuel hedging, get burned again

Friday, July 24, 2015 - 11:02

NEW YORK: At least two U.S. airlines have started hedging their fuel costs after a months-long hiatus. The early result: more losses.

Ringgit extends losses against greenback in early trade

Friday, July 24, 2015 - 10:42

KUALA LUMPUR: – The ringgit extended yesterday’s losses against the US dollar, in early trade this morning, due to lack of interest for the local note.

WFE survey: Exchanges see rising investor interest in sustainability

Thursday, July 23, 2015 - 15:23

KUALA LUMPUR: Investors are increasingly studying the sustainability practices and policies of companies as a factor in their investment decisions, says a World Federation of Exchanges (WFE) survey.

Dr Mohd Akbar appointed MRB DG

Thursday, July 23, 2015 - 11:17

KUALA LUMPUR: The Malaysian Rubber Board (MRB) has appointed Dr Mohd Akbar Md Said as Director-General, effective July 24, 2015.

Bursa Malaysia opens marginally higher

Thursday, July 23, 2015 - 10:59

KUALA LUMPUR: Bursa Malaysia opened marginally higher but eased thereafter in rangebound trading on lack of fresh leads, dealers said. At 9.27am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.5 of a point lower at 1,729.03 after opening 0.04 of a point higher at 1,729.57.

KLCI futures lower in early trade

Thursday, July 23, 2015 - 10:23

KUALA LUMPUR: The FTSE Bursa Malaysia KLCI futures contract (FKLI) on Bursa Malaysia Derivatives was mostly lower in early trade on lack of catalyst amid a rangebound cash market.