Business

Banking on support

By ZAIDI ISHAM - Tuesday, 25 November 2014.

PROTASCO Bhd vice-chairman and group managing director Datuk Seri Chong Ket Pen is confident that minority shareholders will support the proposal to remove its non-executive directors Tey Por Yee and Ooi Kock Aun this week.

Latest

Oil closed steady at US$80

Tuesday, November 25, 2014 - 00:21

LONDON: Brent crude oil stabilised around US$80 a barrel yesterday as world powers extended talks with Iran over its nuclear programme, maintaining sanctions and preventing an immediate increase in Iranian oil supply to world markets.

Gold futures end higher

Tuesday, November 25, 2014 - 00:16

KUALA LUMPUR: Gold futures contracts ended higher yesterday on renewed buying interest, said a dealer.

Klibor futures untraded

Tuesday, November 25, 2014 - 00:15

KUALA LUMPUR: The three-month Kuala Lumpur Interbank Offered Rate (KLIBOR) futures contracts closed untraded yesterday.

Tin closes higher at US$20,200 a tonne

Tuesday, November 25, 2014 - 00:13

KUALA LUMPUR: The Kuala Lumpur Tin Market (KLTM) closed higher by US$150 to US$20,200 per tonne on better demand, said a dealer.

Ringgit close higher against US dollar

Tuesday, November 25, 2014 - 00:12

KUALA LUMPUR: The ringgit closed higher against the US dollar yesterday on persistent buying support for the local unit, dealers said.

CPO futures down on stronger ringgit

Tuesday, November 25, 2014 - 00:11

KUALA LUMPUR: Crude palm oil (CPO) futures ended lower yesterday on the back of the strengthening ringgit amid sluggish export performance, a dealer said.

Rubber market ends lower

Tuesday, November 25, 2014 - 00:10

KUALA LUMPUR: The Malaysian Rubber market closed lower yesterday due to a stronger ringgit against the US dollar, a dealer said.

‘Create new mart for Gen-Y’

By NUR HANINI MOHD HANIFKUALA - Tuesday, November 25, 2014 - 00:09

MALAYSIAN businesses should consider creating a new market segment for Generation Y (Gen-Y) consumers. Likewise, employers in the public and private sectors should undertake different human resource strategies for Gen-Y employees.

Consumer portals confident of US$1m revenue with tie-up

By OOI TEE CHING - Tuesday, November 25, 2014 - 00:08

KUALA LUMPUR: Consumer friendly portals SaveMoney.my and RinggitPlus.com are confident of reaping US$1 million (RM3.34 million) in revenue by the end of this year, following a synergistic tie-up since March this year.

FTE Asia 2014to enhance travel experience

Tuesday, November 25, 2014 - 00:07

KUALA LUMPUR: More than 400 senior global travel industry stakeholders will converge, here, next week for the Future Travel Experience Asia (FTE Asia) 2014 to deliberate on ways and means to enhance the overall travel experience.

Sona remains committed to Thai deal

By ZARINA ZAKARIAH - Monday, November 24, 2014 - 23:55

KUALA LUMPUR: Sona Petroleum Bhd’s nearly RM1 billion deal to buy oil and gas assets in Thailand owned by UK-listed Salamander Energy plc appears to be all but over after the latter accepted the takeover offer by Ophir Energy plc.

Axiata positive on stronger Q4

Monday, November 24, 2014 - 23:46

KUALA LUMPUR: Axiata Group Bhd is confident of a stronger fourth quarter after its net profit eased 11.75 per cent to RM631.03 million in the third quarter ended September 30 2014, from RM715.04 million recorded a year ago.

Foreign investors stay net sellers of local stocks

Monday, November 24, 2014 - 23:45

FOREIGN investors remained net sellers of Malaysian stocks this year as the net outflow as of last Friday rose to RM3.89 billion as the global funds’ aversion towards Malaysian equity continues, reflected by the gradual but persistent outflows of late.

EPF investment income rises

Monday, November 24, 2014 - 23:44

THE Employees Provident Fund (EPF) registered RM205.58 million higher investment income to RM10.32 billion for the third quarter ended September 30 2014 from RM10.11 billion in the same period last year.

RHB Research: Fuel subsidy cut positive for economy

Monday, November 24, 2014 - 23:44

KUALA LUMPUR: The fuel subsidy removal by the government is a positive move and will not have a significant impact on the economy, a research firm said.

Jentayu to make known MAS asset investors within 2 weeks

By BILQIS BAHARI - Monday, November 24, 2014 - 23:44

KUALA LUMPUR: Little-known Jentayu Danaraksa Sdn Bhd will announce details of the investors who will provide funds in the next 10 to 14 days to help it buy Malaysia Airlines’ (MAS) strategic assets.