Broadband battle royal intensifies

By GOH THEAN HOWE - Saturday, 28 November 2015.

KUALA LUMPUR: In recent months, a battle royal has been brewing in the fixed broadband space as fixed-line juggernaut Telekom Malaysia Bhd (TM) and mobile giant Maxis Bhd unleash new broadband packages and promotions to aggressively woo customers.


Broadband battle royal intensifies

By GOH THEAN HOWE - Saturday, November 28, 2015 - 11:01

KUALA LUMPUR: In recent months, a battle royal has been brewing in the fixed broadband space as fixed-line juggernaut Telekom Malaysia Bhd (TM) and mobile giant Maxis Bhd unleash new broadband packages and promotions to aggressively woo customers.

Room for more attractive packages

By GOH THEAN HOWE - Saturday, November 28, 2015 - 11:00

ALTHOUGH broadband prices in Malaysia seem to be declining, there is plenty of room for improvement when compared to neighbouring countries.

El Nino to impact CPO prices in 2016

By OOI TEE CHING - Friday, November 27, 2015 - 22:39

BALI, Indonesia: It was lukewarm reception at the Indonesian Palm Oil Conference (IPOC) 2015 as the vegetable oil analysts, gave moderate forecast that palm oil prices are likely to trade between the band of US$550 to US$770 per tonne by mid-2016, from the current US$540 per tonne.

E&O locks in new property sales worth RM635m

By Marina Emmanuel - Friday, November 27, 2015 - 19:16

KUALA LUMPUR: Lifestyle property developer Eastern & Oriental Bhd (E&O) has in the past 6-month period from April to September this year, locked in new property sales worth RM635 million while unbilled sales as at end-September stood at RM825 million.

MOF grants MAHB land lease of 60 years

Friday, November 27, 2015 - 18:26

KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) has been granted a land lease of 60 years, on a rolling basis, by the Ministry of Finance.

Bank Rakyat & IJN unveil personal loan scheme for heart patients

By Awaina Arbee - Friday, November 27, 2015 - 17:48

KUALA LUMPUR: Bank Rakyat, in collaboration with the National Heart Institute (IJN), has introduced the Personal Financing-i loan scheme to help those unable to pay for heart disease treatment.

Mida signs cooperation deal with Japan's Kyushu

By ZARINA ZAKARIAH - Friday, November 27, 2015 - 11:51

TOKYO: The Malaysian Investment Development Authority (MIDA) has inked a Memorandum of Understanding (MoU) with Kyushu Economy International (KEI) on bilateral cooperation between Kyushu and Malaysia.

Maybank Q3 profit, revenue rise

By FRANCIS DASS - Friday, November 27, 2015 - 11:00

KUALA LUMPUR: Malayan Banking Bhd (Maybank), Malaysia’s top financial institution, has reported an 18.1 per cent increase in net profit to RM1.89 billion for the third quarter ended September, compared with RM1.6 billion in the same quarter last year.

Malaysia, Indonesia to harmonise palm oil certification

By OOI TEE CHING - Friday, November 27, 2015 - 10:29

BALI: Indonesian Palm Oil Producers Association or Gabungan Pengusaha Kelapa Sawit Indonesia (Gapki) looks to the harmonisation of palm oil certifications with Malaysia, following the establishment of the Council of Palm Oil Producing Countries (CPOPC).

Ringgit at 4.25 against USD

Friday, November 27, 2015 - 09:42

KUALA LUMPUR: The ringgit opened lower against the US dollar today on weak buying interest, dealers said.

CGN's purchase of 1MDB's Edra has no links to nuclear project in Msia

Friday, November 27, 2015 - 00:54

KUALA LUMPUR: China General Nuclear Power Corp’s (CGN) acquisition of 1Malaysia Development Bhd's power assets does not link to any nuclear project here, Minister in the Prime Minister's Department Datuk Mah Siew Keong said.

AirAsia reports Q3 net loss

Thursday, November 26, 2015 - 22:47

KUALA LUMPUR: AirAsia, the region’s biggest budget carrier by fleet size, said Thursday it suffered a loss in the third quarter, bogged down by foreign exchange losses and its Indonesian operations.

Iris wins RM92.6mil Solomon Islands contract

Thursday, November 26, 2015 - 22:19

KUALA LUMPUR: Iris Corporation Bhd (ICB) has entered into a BOT (Build-Own-Transfer) Agreement for a term of 20 years with the Government of Solomon Islands for the establishment of Information and Management System of Electronic Passport and Border Control.

Economic risk for Malaysia's banking sector revised to stable: S&P's

By RUPA DAMODARAN - Thursday, November 26, 2015 - 19:44

KUALA LUMPUR: Standard & Poor's Ratings revised its economic risk trend for Malaysia's banking sector to stable from negative, saying the industry risk trend remains stable.

Chin Well Holdings seeks to broaden DIY clientele

By Marina Emmanuel - Thursday, November 26, 2015 - 14:56

BUKIT MERTAJAM: Malaysia’s largest carbon steel fastener manufacturer Chin Well Holdings Berhad is targeting to broaden its Do-It-Yourself (DIY) clientele going forward.

RHB inks deal with reservation portal Tableapp

By LIDIANA - Thursday, November 26, 2015 - 14:07

KUALA LUMPUR: RHB Banking Group had today signed an exclusive three-year partnership deal with online reservation portal, TABLEAPP.

Eight reasons why Malaysia should be part of TPP

By RUPA DAMODARAN - Thursday, November 26, 2015 - 11:56

KUALA LUMPUR: Malaysia has eight clear reasons why it should be part of the Trans Pacific Partnership (TPP), says the chief negotiator Datuk J. Jayasiri.

Indonesia to push for more biodiesel production

By OOI TEE CHING - Thursday, November 26, 2015 - 11:25

BALI, Indonesia: The Indonesian government is committed to push for higher production and consumption of biodiesel, to help stabilise palm oil prices, said Indonesian Vice President Muhammad Jusuf Kalla.

1MDB: Debts will be cleared by year-end

By AMIR HISYAM RASID - Thursday, November 26, 2015 - 11:16

KUALA LUMPUR: 1Malaysia Development Bhd’s rationalisation plan is on track to clear the company’s debts by year-end, after which it plans to focus solely on property development.

Ringgit higher against US dollar at opening

Thursday, November 26, 2015 - 09:51

KUALA LUMPUR: The ringgit continued to trend higher at opening today in riding on the bullish oil price sentiment, dealers said.

IPGB gets approval for sale of RM150m land

By Marina Emmanuel - Wednesday, November 25, 2015 - 17:25

GEORGE TOWN: Ivory Properties Group Berhad (IPGB) has obtained shareholder approval for the sale of a plot of land worth RM150 million to another company.

MMC Corp boosts ownership of NCB Holdings

By FRANCIS DASS - Wednesday, November 25, 2015 - 15:07

KUALA LUMPUR: MMC Corporation Bhd has bolstered its ownership of NCB Holdings Bhd with an 83.55 per cent stake in the latter, solidifying MMC's stable of ports and logistics business.

Remittance market need to lower costs: BNM

By RUPA DAMODARAN - Wednesday, November 25, 2015 - 13:31

KUALA LUMPUR: Migrant remittances have grown four-fold in just the last seven years to RM 32.0 billion, with non-bank service providers now accounting for two thirds of all remittances said deputy Bank Negara Malaysia governor Datuk Muhammad Ibrahim.

TNB gets better ratings

By AMIR HISYAM RASID - Wednesday, November 25, 2015 - 11:00

KUALA LUMPUR: Tenaga Nasional Bhd’s (TNB) outlook brightens as some analysts re-grade it upwards now that the overhanging issue of the national utility company being one of the contenders for 1Malaysia Development Bhd’s (1MDB) power assets has been removed.

Ringgit opens higher at 4.20 against USD

Wednesday, November 25, 2015 - 10:52

KUALA LUMPUR: The ringgit opened higher against the US dollar today, driven by buying interest, dealers said.

Economy to grow up to 5 pc in 2016: Husni

By RUPA DAMODARAN - Tuesday, November 24, 2015 - 11:52

KUALA LUMPUR: Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah said the government is confident that the economy will grow between 4 and 5 per cent in 2016.

'Sale of Edra power assets will slash 1MDB debts'

Tuesday, November 24, 2015 - 11:03

KUALA LUMPUR: 1Malaysia Development Bhd (1MDB) has achieved a major milestone in its rationalisation plan with the sale of its power assets to China General Nuclear Power Corp (CGN).

Bursa Malaysia opens higher

Tuesday, November 24, 2015 - 10:37

KUALA LUMPUR: The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) opened higher today despite the decline on Wall Street overnight said a dealer.

Gold futures slightly lower in early trade

Tuesday, November 24, 2015 - 10:33

KUALA LUMPUR: Gold futures contract on Bursa Malaysia Derivatives was slightly lower with two contract months traded.