Business

‘MAS revamp gets thumbs-up’

By ZURAIMI - Wednesday, 3 September 2014.

MALAYSIA Airlines’ (MAS) massive overhaul of its business model and sticky cost structure hits at the heart of what needs to be done for the national carrier, said analysts.

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New screening method to speed up sukuk approval

Wednesday, September 3, 2014 - 01:14

RIYADH: A new screening method for sukuk aims to reduce the cumbersome approval process that these instruments often require.

Need for lenders to extend role

By RUPA DAMODARAN AND DHIPA PALANIKUALA - Wednesday, September 3, 2014 - 00:56

ISLAMIC banks have the potential to extend their role from credit intermediation to the investment front where alternative modes of risk-sharing contracts can be offered.

‘No push to set up mega bank’

Wednesday, September 3, 2014 - 00:55

KUALA LUMPUR: Bank Negara Malaysia is not pushing for the setting up of mega Islamic banks, said its governor Tan Sri Dr Zeti Akhtar Aziz.

Royal Award for Abdul Halim

Wednesday, September 3, 2014 - 00:55

KUALA LUMPUR: Former banker, Datuk Dr Abdul Halim Ismail was named the recipient of the prestigious Royal Award for Islamic Finance last night, for his role in establishing the organisational structure and operating procedures of the country’s first Islamic bank in 1983.

Maybank Islamic dismisses rumours of M&A talks

By MUHAMMED AHMAD HAMDAN - Wednesday, September 3, 2014 - 00:54

KUALA LUMPUR: Maybank Islamic Bhd has dimissed speculations that it is in talks with Bank Islam Malaysia Bhd over a potential merger and acqusition (M&A).

RBA keeps interest rates at 2.5pc

Wednesday, September 3, 2014 - 00:53

SYDNEY: Australia’s central bank kept interest rates on hold at a record low 2.5 per cent yesterday as it flagged an accommodative monetary policy and stepped up its rhetoric against the local dollar.

Credit Suisse fails bid to dismiss suit

Wednesday, September 3, 2014 - 00:53

SINGAPORE: Credit Suisse Group AG lost a bid to dismiss a suit by a former private wealth client who is accusing the bank’s unit of failing to explain the risks of a complex investment product.

‘Emirates not keen to invest in Qantas ops’

Wednesday, September 3, 2014 - 00:53

FRANKFURT: Airline Emirates is not interested in investing in the international operations of Qantas, the carrier’s chief commercial officer (CCO) said on Monday.

‘Antitrust probes unfair’

Wednesday, September 3, 2014 - 00:52

FOREIGN companies are increasingly concerned they are being targeted by Chinese regulators, a United States business lobby said yesterday, as a Chinese antitrust agency defended probes into firms such as US chipmaker Qualcomm Inc.

Islamic banks well-placed to deal with Basel III

Wednesday, September 3, 2014 - 00:50

KUALA LUMPUR: As banks around the world gear up to meet tough Basel III regulatory standards, Islamic lenders face a source of uncertainty that could prove expensive for them: how regulators will treat their deposits.

Asset-backed securities in ECB’s sight

Wednesday, September 3, 2014 - 00:48

THE European Central Bank (ECB) is gearing up to buy “simple, transparent and real” asset-backed debt. The success of its bid to breathe life into the market will depend on how regulators from Basel to Brussels define those terms.

Switzerland completes tax dodger payments

Wednesday, September 3, 2014 - 00:47

GENEVA: Switzerland said on Monday it had completed a programme to pay Britain and Austria hundreds of millions of euros in settlements for past tax-dodging by their citizens.

EU survey over Facebook deal

Wednesday, September 3, 2014 - 00:46

BRUSSELS: European Union (EU) antitrust regulators are asking Facebook’s rivals and telecoms operators whether the world No. 1 online social network’s proposed US$19 billion (RM60.2 billion) bid for mobile messaging start-up WhatsApp will lead to price hikes and curb innovation.

Vitrox eyes land in Batu Kawan

By MARINA EMMANUELGEORGE - Wednesday, September 3, 2014 - 00:44

HOMEGROWN test equipment manufacturer Vitrox Corp Bhd will be seeking shareholder approval to acquire land for a new campus at Batu Kawan on mainland Penang.

Matrade targets RM166m from China expo

By LIM YEH ERN - Wednesday, September 3, 2014 - 00:44

KUALA LUMPUR: The Malaysia External Trade Development Corp (Matrade) is targeting a conservative RM166.15 million from Malaysia’s participation in the upcoming 11th China-Asean Expo 2014 (Caexpo 2014).

Sime Darby rating lower on CPO price revision

Wednesday, September 3, 2014 - 00:42

PUBLICINVEST Research lowered its call on Sime Darby Bhd from “outperform” to “neutral” after revising crude palm oil (CPO) price assumption for the conglomerate from RM2,750 to RM2,500 per tonne for financial year (FY) 2015 and RM2,550 per tonne for FY16.