Business

BNM: Malaysia’s reserves remain usable and unencumbered

Tuesday, 31 March 2015.

KUALA LUMPUR: Malaysia’s reserves remained usable and unencumbered as at end-February 2015, based on the detailed breakdown of international reserves under the International Monetary Fund’s Special Data Dissemination Standard (SDDS) format.

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February broad money up 6.9pc

Tuesday, March 31, 2015 - 17:32

KUALA LUMPUR: Broad money, or M3, the measurement of money supply, grew 6.9 per cent in February, mainly driven by the extension of credit to the private sector by the banking system.

Pharmaniaga to reduce dependency on government concession

Tuesday, March 31, 2015 - 17:21

PETALING JAYA: Pharmaniaga Bhd aims to strike a balance in local pharmaceutical business by reversing the current ratio of non-concession versus concession from 42:58 to 60:40 in the next 3-4 years.

Mydin to absorb RM15m in GST cost from monthly profits

Tuesday, March 31, 2015 - 16:30

PETALING JAYA: Mydin Mohamed Holdings Bhd will absorb the cost of the Goods and Services Tax (GST) of RM15 million from the estimated RM300 million monthly profits of its hypermarket and supermarket outlets.

PNB declares 7.75 sen dividend for ASB2

By CHERYL YVONNE ACHU - Tuesday, March 31, 2015 - 15:53

KUALA LUMPUR: Permodalan Nasional Bhd (PNB) has announced an income distribution of 7.75 sen per unit for Amanah Saham Bumiputera 2 (ASB2) fund for the year ending March 31, 2015.

Maybank: The ringgit's value should be at RM3.30 to the dollar

By ZAIDI ISHAM ISMAIL - Tuesday, March 31, 2015 - 14:52

SINGAPORE: Malayan Banking Bhd (Maybank) president and chief executive Datuk Abdul Farid Alias said the ringgit's true value should be at RM3.30 to the US dollar as present valuations is very much driven by greed and fear in the marketplace.Abdul Farid said the volatility in the currency markets rig

MIDA, Panasonic Eco ink deal to enhance investment flow from Japan

By RUPA DAMODARAN - Tuesday, March 31, 2015 - 14:37

KUALA LUMPUR:  The Malaysian Investment Development Authority (MIDA) has signed a partnership with Panasonic Eco Solutions Malaysia Sdn Bhd to enhance the investment flow from Japan.

Japan’s Toho Gas to buy LNG from Petronas

Tuesday, March 31, 2015 - 14:28

TOKYO: Japan’s third-biggest city-gas supplier, Toho Gas Co, said on Tuesday it signed a basic agreement with a wholly-owned unit of Malaysia’s Petroliam Nasional Bhd (Petronas) to buy liquefied natural gas (LNG).

KPJ to acquire stake in Crossborder Hall and Crossborder Aim

Tuesday, March 31, 2015 - 14:20

KUALA LUMPUR: KPJ Healthcare Bhd has proposed to acquire the entire stake of Crossborder Hall (M) Sdn Bhd and Crossborder Aim (M) Sdn Bhd for RM4.718 million.

BNM: Malaysia’s reserves remain usable and unencumbered

Tuesday, March 31, 2015 - 12:27

KUALA LUMPUR: Malaysia’s reserves remained usable and unencumbered as at end-February 2015, based on the detailed breakdown of international reserves under the International Monetary Fund’s Special Data Dissemination Standard (SDDS) format.

US may skirt oil storage crisis as drivers hit the road

Tuesday, March 31, 2015 - 12:22

NEW YORK: A month ago, it seemed inevitable: a massive global oversupply of crude oil production would overwhelm storage tanks in Oklahoma and fill supertankers off Singapore.

Asian shares follow Wall St rally after China easing

Tuesday, March 31, 2015 - 10:39

HONG KONG: Asian markets rallied Tuesday, led by Hong Kong and Shanghai after China’s decision to ease mortgage rules fuelled hopes for further stimulus measures, while improved confidence weighed on the safe-haven yen.

Astro pre-tax profit rises to RM720.9m

Monday, March 30, 2015 - 21:35

KUALA LUMPUR: Astro Malaysia Holdings Bhd’s pre-tax profit for financial year ended Jan 31, 2015 (FY15) rose to RM720.88 million from RM569.23 million in the previous year.

MoF: Netting of Financial Agreements Act 2015 comes into force today

Monday, March 30, 2015 - 17:51

KUALA LUMPUR: The Netting of Financial Agreements Act 2015, which provides a legal framework governing close-out netting for financial transactions in Malaysia, comes into force, effective today.

KL shares end higher, CI up 8.46pts

Monday, March 30, 2015 - 17:38

KUALA LUMPUR: Shares on Bursa Malaysia ended higher today with the FTSE Bursa Malaysia KLCI (FBM KLCI) adding 8.46 points, lifted by gains in heavyweights.

ACCCIM foresees recovery in Malaysian exports this year

Monday, March 30, 2015 - 15:50

KUALA LUMPUR: The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) foresees a recovery in exports with the weak ringgit and stronger growth in the United States.

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