Business

Landmark Opec deal fuels local O&G stocks

By CHERYL YVONNE ACHU - Friday, 2 December 2016.

KUALA LUMPUR: Oil and gas (O&G) stocks rallied yesterday after Organisation of the Petroleum Exporting Countries (Opec) agreed on Wednesday to cut output for the first time in eight years.

Latest

Vincent Tan looking to "bet" in the right places

By SHAREN KAUR - Saturday, December 3, 2016 - 15:17

BERJAYA Group founder Tan Sri Vincent Tan, the man with the “Midas touch”, is still putting his bets in the right places.

AirAsia bags two honours at World Travel Awards in Maldives

By Bernama - Saturday, December 3, 2016 - 12:50

KUALA LUMPUR: AirAsia has been named the World’s Leading Low-Cost Airline for the fourth year in a row and its maiden title as the World's Leading Inflight Service at the 23rd World Travel Awards (WTA) Grand Final held in Male, Maldives.

RM expected to trade between 4.45 and 4.46 against USD next week

By Bernama - Saturday, December 3, 2016 - 12:37

KUALA LUMPUR: The ringgit will see range-bound trading next week and move between 4.45 and 4.46 (against the US dollar), on market adjustments following the announcement of new measures by Bank Negara Malaysia (BNM), said a dealer.

FMC introduces 6 measures to boost onshore forex mart

By Business Times - Saturday, December 3, 2016 - 00:24

KUALA LUMPUR: The Financial Markets Committee (FMC) has introduced six measures to enhance the liquidity of the onshore foreign exchange (forex) market, to be effective Monday.

Mcdonald's announces new developmental licensee for M'sia & Singapore

By Bernama - Friday, December 2, 2016 - 22:44

KUALA LUMPUR: McDonald’s Corporation today announced Lionhorn Pte. Ltd as the Developmental Licensee (DL) for its Malaysia and Singapore markets.

First phase of Logistics Masterplan completed: Liow

By Business Times - Friday, December 2, 2016 - 17:13

KUALA LUMPUR: The Logistics and Trade Facilitation Masterplan has successfully completed its first phase — Debottleneck (2015-2016) — which aimed to remove the root causes that have held back the logistics industry.

UEM Edgenta to see revenue spike with acquisition of Asia Integrated Facility Solutions

By Business Times - Friday, December 2, 2016 - 15:02

SUBANG JAYA: UEM Edgenta Bhd will see its revenue from the healthcare segment rise 20 per cent to RM660 million starting January 2017 with the acquisition of the entire issued and paid-up capital of Asia Integrated Facility Solutions Pte Ltd.

Government needs to create level-playing field, says Rehda

Friday, December 2, 2016 - 11:01

KUALA LUMPUR: The government needs to create a level-playing field in terms of perks and incentives to spur the market for both foreign and local property developers, said Real Estate and Housing Developers’ Association Malaysia (Rehda) president Datuk Seri FD Iskandar.

'Property downtrend to continue'

By Farah Adilla - Friday, December 2, 2016 - 11:00

KUALA LUMPUR: The asking price for real estate is expected to drop further next year due to a more challenging market for property developers, according to findings by online property portal PropertyGuru Group.

Ringgit opens higher against US Dollar

By Bernama - Friday, December 2, 2016 - 10:07

KUALA LUMPUR: The ringgit opened higher against the US dollar today on the back of an improved sentiment and technical correction in the greenback, a currency dealer said.

M'sia holding hope, US to remain in the TPP

By OOI TEE CHING - Thursday, December 1, 2016 - 23:24

KUALA LUMPUR: Malaysia is still holding hope that the US may stay on in the Trans-Pacific Partnership (TPP), said Second Minister of International Trade and Industry Datuk Seri Ong Ka Chuan.

SC-MIMOS collaborate on Big Data in capital market

By NST ONLINE - Thursday, December 1, 2016 - 18:27

KUALA LUMPUR: Securities Commission Malaysia (SC) and MIMOS yesterday signed a memorandum of understanding (MoU) to jointly develop a capital market advanced analytics platform.

Relax, the ringgit is not going to crash, says economist

By Bernama - Thursday, December 1, 2016 - 18:21

KUALA LUMPUR: Judging by the ringgit's movement pattern in the fourth quarter of the last few years, even though the currency is currently volatile and Malaysians are becoming jittery, it is not going to crash, and will unlikely be traded beyond 4.50 against the US dollar, an economist said today.

MBAM mulls tightening guidelines in wake of KL Eco City bridge tragedy

By OOI TEE CHING - Thursday, December 1, 2016 - 17:49

KUALA LUMPUR: Master Builders Association Malaysia (MBAM) said it is tightening guidelines to raise safety standards among its members undertaking construction projects, in the wake of yesterday's deadly pedestrian bridge collapse at KL Eco City.

PMI little-changed at 47.1 in Nov

By RUPA DAMODARAN - Thursday, December 1, 2016 - 12:31

KUALA LUMPUR: New orders in Malaysia declined in Nov, but manufacturers are encouraged by an expansion in the workforce.

Strong rating attributes

By RUPA DAMODARAN - Thursday, December 1, 2016 - 11:01

KUALA LUMPUR: Sovereign rating agency Standard & Poor’s (S&P) says attributes underpinning Malaysia’s “A-” rating are strong, supported by asset holdings of both the government as well as the financial sector.

MRCB Q3 net profit rises more than fourfold

By LIDIANA ROSLI - Thursday, December 1, 2016 - 11:00

KUALA LUMPUR: Malaysian Resources Corporation Bhd (MRCB) third quarter ended September 30 financial results saw a surge in its net profit of over four times to RM29.39 million compared with RM5.64 million made in the previous corresponding quarter.

Ringgit opens unchanged against US Dollar

By Bernama - Thursday, December 1, 2016 - 10:11

KUALA LUMPUR: The ringgit opened unchanged against the US dollar this morning, despite crude oil prices surging after the Organisation of Petroleum Exporting Countries (Opec)agreed to reduce output.

Asean becoming more trade-friendly than EU, US

By Bernama - Thursday, December 1, 2016 - 09:58

KUALA LUMPUR: Asean's increased integration into the global economy has made the region a more accessible market for trading goods than either the European Union or the US.

FGV clarifies stock losses in Turkish venture amounted to RM57m

By Bernama - Wednesday, November 30, 2016 - 19:56

KUALA LUMPUR: Felda Global Ventures Holdings Bhd (FGV) has clarified that the unusual stock losses in Felda Iffco Gida Sanayi, Turkey are currently recorded at RM57 million.

MAS plans new airline for Haj and Umrah market

By Bernama - Wednesday, November 30, 2016 - 19:12

KUALA LUMPUR: Malaysia Airlines Bhd (MAB) expects to deliver profitable growth in 2018 by controlling costs, competitive airfares, and maximising load factors despite a challenging environment, said its Group Chief Executive Officer Peter Bellew.

Oil prices jump as OPEC meets

By AFP - Wednesday, November 30, 2016 - 18:10

LONDON: World oil prices surged five percent on Wednesday, energised by the prospect of an OPEC deal to curb crude output at the cartel’s gathering in Vienna.

Sabah Lands and Surveys: Land deals driving force of state's economy

By OLIVIA MIWIL - Wednesday, November 30, 2016 - 18:06

KOTA KINABALU: Sabah Lands and Surveys Department recorded RM11.973 billion volume of transactions from land dealings in the state last year.

Ringgit depreciation has not led to decline of foreign exchange reserves, says Johari

By FAIRUZ MOHD SHAHAR - Wednesday, November 30, 2016 - 17:32

PUTRAJAYA : The depreciation of the ringgit has not led to a decline in Malaysia’s foreign exchange reserves, said Second Finance Minister Datuk Johari Abdul Ghani.

OPEC seeks to nail down oil output cut

By AFP - Wednesday, November 30, 2016 - 17:30

VIENNA: OPEC sought Wednesday to defy expectations and finalise a deal reducing its oil output for the first time in eight years, in an effort to boost painfully low crude prices.

All abuzz over BIMP EAGA bee farming project in Sabah

By FRANCIS DASS - Wednesday, November 30, 2016 - 16:33

KUALA LUMPUR: Bio-based industry player, BIMP EAGA Bioeconomy Development Holdings Sdn Bhd is boosting Malaysia's bee farming sector with a proposed bee farming project in Sabah.

MIDF to help SMEs with RM625m soft loan in 2017

By Bernama - Wednesday, November 30, 2016 - 15:57

KUALA NERUS: Malaysian Industrial Development Finance Bhd (MIDF) will support local small and medium enterprises (SMEs) via an estimated RM625 million in soft loans next year.

MRCB set for positive 2016 close after proposals approved at EGM

By LIDIANA ROSLI - Wednesday, November 30, 2016 - 14:11

KUALA LUMPUR: Malaysian Resources Corporation Bhd (MRCB) expects to close the year with a bang now that both its proposals at the Extraordinary General Meeting (EGM) earlier today have unanimously been approved by the shareholders.