Business

KTMB to tap non-rail potential

By SHAREN KAUR - Monday, 31 August 2015.

KUALA LUMPUR: Keretapi Tanah Melayu Bhd (KTMB) plans to develop land along the KTM railway tracks and around its stations, which have the potential to generate more than RM30 billion in gross development value (GDV).

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Petronas eyes gas exploration ventures Venezuela, Trinidad and Tobago

Monday, August 31, 2015 - 12:09

KUALA LUMPUR: Petronas may positively consider to participate in joint gas exploration at the border areas of Venezuela and Trinidad and Tobago, Foreign Minister Datuk Seri Anifah Aman said.

KTMB to tap non-rail potential

By SHAREN KAUR - Monday, August 31, 2015 - 11:00

KUALA LUMPUR: Keretapi Tanah Melayu Bhd (KTMB) plans to develop land along the KTM railway tracks and around its stations, which have the potential to generate more than RM30 billion in gross development value (GDV).

Oil price-US dollar poser for airlines

By Lidiana Rosli and Cheryl Yvonne Achu - Saturday, August 29, 2015 - 12:00

KUALA LUMPUR: As the old question goes, “Which comes first, the chicken or the egg?” It is the same rationale airlines are using when asked about the state of the local aviation industry, which is now sandwiched between low oil prices and a volatile ringgit, and their impact on overall costs, and ul

Strong dollar benefits rubber-based manufacturers

By OOI TEE CHING - Saturday, August 29, 2015 - 11:35

KUALA LUMPUR: Rubber glove and condom counters on Bursa Malaysia continue to outperform the whole stock market by about 40 per cent, despite their share prices having settled quite a bit for the past week.

Financial sector will hold strong: Maybank Islamic

By GOH THEAN HOWE - Friday, August 28, 2015 - 23:26

SHAH ALAM: Maybank Islamic Bhd is optimistic that Malaysia's financial sector will hold strong in the current turmoil and weather through the storm.

IHH Healthcare to acquire majority stake in Global Hospitals

Friday, August 28, 2015 - 23:19

KUALA LUMPUR: IHH Healthcare Bhd through its unit has today entered into definitive agreements with Ravindranath GE Medical Associates Private Ltd and several other parties to acquire a 73.4 per cent equity interest in Global Hospitals Group for about RM819 million.

Malaysia-Thai currency deal a boost for financial, economic integration

Friday, August 28, 2015 - 21:21

KUALA LUMPUR: The pact between Bank Negara Malaysia and Bank of Thailand is an important step for greater financial and economic integration that will eventually lead to the success of the Asean Economic Community (AEC).

CIMB Group reports first half net profit of RM1.22b

By LIDIANA ROSLI - Friday, August 28, 2015 - 18:46

CIMB Group Holdings reports net profit of RM1.22 billion for the first half ended 30th June 2015, a decrease of 17.7 per cent in comparison to the corresponding period in 2014.

Maybank Islamic allocates RM20m for financing package

By GOH THEAN HOWE - Friday, August 28, 2015 - 14:10

SHAH ALAM: Maybank Islamic Bhd is allocating RM20 million for its Selangor Home financing package.

Maybank Q2 profit hits RM1.58b

By CHERYL YVONNE ACHU AND MUHAMMED AHMAD HAMDAN - Friday, August 28, 2015 - 12:00

KUALA LUMPUR: Malayan Banking Bhd (Maybank), which posted a higher net profit of RM1.58 billion in the second quarter ended June 30, expects slower loan growth and spending in view of the slowing domestic economy.

KL shares open on strong note

Friday, August 28, 2015 - 10:49

KUALA LUMPUR: Share prices opened higher this morning on Bursa Malaysia, encouraged by the strong overnight US rally, fueled by hopes for a delayed rise in US interest rates, and the rebound in China’s stock markets, dealers said.

DNeX on right track for growth

Thursday, August 27, 2015 - 22:16

KUALA LUMPUR: Dagang Nexchange Bhd's (DNeX) second quarter net profit ended June 30 2015 rose 11.4 per cent to RM3.9 million from RM3.5 million a year ago.

AirAsia X auditors discover RM7.01m worth of fictitious payments

Thursday, August 27, 2015 - 22:07

KUALA LUMPUR: AirAsia X Bhd yesterday said its auditors had discovered 24 payments totalling RM7.01 million made to a service provider between 2010 and 2014 for services which were fictitious.

Ringgit continues uptrend against greenback

Thursday, August 27, 2015 - 19:14

KUALA LUMPUR: The ringgit closed higher against the US dollar again today, dealers said.

Bursa Malaysia closes sharply higher

Thursday, August 27, 2015 - 19:09

KUALA LUMPUR: Bursa Malaysia ended sharply higher today in line with the firmer regional stock markets buoyed by the stronger Wall Street, dealers said.

Malaysia, Thailand seek to use their currencies in trade, investment

Thursday, August 27, 2015 - 17:37

KUALA LUMPUR: The central banks of Malaysia and Thailand agreed on Thursday to promote the greater use of their currencies to settle trade between the two countries, in the latest attempt by emerging economies to reduce their exposure to increasingly volatile global markets.

Billionaire Wang says time for China to forget high growth rate "fantasy"

Thursday, August 27, 2015 - 15:47

BEIJING: China’s richest man said on Thursday the government needs to give up any “fantasy” of maintaining high economic growth rates, unusually bold comments at a time when Beijing is grappling to contain a market meltdown that has hammered global equities.

Bursa Malaysia higher at mid-afternoon

Thursday, August 27, 2015 - 15:28

KUALA LUMPUR: Bursa Malaysia continued to trend higher at mid-afternoon today buoyed by gains on selected blue-chips, dealers said.

Maybank records higher profit in second quarter

By MUHAMMED AHMAD HAMDAN and CHERYL YVONNE ACHU - Thursday, August 27, 2015 - 13:49

KUALA LUMPUR: MALAYAN Banking Bhd (Maybank) posted a net profit of RM1.58 billion in the second quarter ended June 30 2015, up 0.6 per cent from RM1.57 billion previously.

‘Setting up of panel the right step’

By OOI TEE CHING AND LIDIANA ROSLI - Thursday, August 27, 2015 - 12:00

KUALA LUMPUR: The setting up of the special economic committee is the right step in addressing the economic and political uncertainties in the country, say economists and industry players.

PNB announces 6.40 sen income distribution for ASW

Thursday, August 27, 2015 - 11:49

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KLCI futures higher in early trade

Thursday, August 27, 2015 - 11:31

KUALA LUMPUR: The FTSE Bursa Malaysia KLCI futures contract (FKLI) on Bursa Malaysia Derivatives was higher in early trade today, lifted by the firmer cash market, a dealer said.

Asian shares follow Wall St higher but China fears linger

Thursday, August 27, 2015 - 10:36

HONG KONG: Asian stocks surged Thursday after hints the US Federal Reserve will not raise interest rates next month sparked a rally on Wall Street, but dealers cautioned that the spectre of a slowing Chinese economy would mean more turbulence ahead.

Ringgit rebounds against USD

Thursday, August 27, 2015 - 10:27

KUALA LUMPUR: The ringgit rebounded in early trade, on improved market sentiment, dealers said.

KL shares open higher

Thursday, August 27, 2015 - 09:54

KUALA LUMPUR: Shares on Bursa Malaysia extended yesterday’s gains to open higher following bullish external sentiment, dealers said.

Oil prices rise on crude stock draw

Thursday, August 27, 2015 - 09:36

SEOUL: Oil prices climbed early on Thursday on an unexpected fall in US crude inventory last week, but a stronger dollar dragged.

Panasonic to stop making batteries in Beijing, cut 1,300 jobs

Thursday, August 27, 2015 - 09:19

TOKYO: Japanese electronics giant Panasonic Corp on Thursday said it will stop making lithium-ion batteries at its factory in Beijing this month, cutting 1,300 jobs due to weak global demand for basic mobile phones and digital cameras.

Manufacturers see slower hiring

By OOI TEE CHING - Wednesday, August 26, 2015 - 23:00

KUALA LUMPUR: The Federation of Malaysian Manufacturers (FMM) foresee slower hiring in the second half of the year in the face of rising cost of doing business and weakening of the ringgit.

MMC Corp profit soars with the relisting of Malakoff

Wednesday, August 26, 2015 - 22:16

KUALA LUMPUR: MMC Corp Bhd’s net profit soared to RM1.35 billion in the second quarter ended June 30, 2015 from RM165.45 million a year ago, boosted by an exceptional gain from the relisting of independent power producer Malakoff Bhd in May.

Sime Darby expects crude palm oil prices to average between RM1,900 and RM2,000

Wednesday, August 26, 2015 - 17:26

KUALA LUMPUR: Sime Darby Bhd expects crude palm oil prices to average between RM1,900 and RM2,000 per tonne from now until end of next month as this is in line with bearish market sentiment currently.