Business

PTP in RM8.6b capacity expansion

By Rizalman Hammim - Thursday, 30 June 2016.

JOHOR BARU: MMC Corp Bhd’s subsidiary, Port of Tanjung Pelepas (PTP), will invest more than RM8.6 billion to improve its capacity over the next five to 15 years.

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Malaysian financial market resilient in aftermath of Brexit

By RUPA DAMODARAN - Thursday, June 30, 2016 - 18:26

KUALA LUMPUR: The Malaysian financial market remains resilient and continues to operate in an orderly manner, said Bank Negara Malaysia.

Tabung Haji appoints Johan as MD and CEO

By Bernama - Thursday, June 30, 2016 - 13:44

KUALA LUMPUR: Malaysia’s pilgrimage fund board, Lembaga Tabung Haji, has appointed Datuk Johan Abdullah as the Group Managing Director and Chief Executive Officer effective July 1.

Malaysian economy resilient to headwinds: World Bank

By RUPA DAMODARAN - Thursday, June 30, 2016 - 12:22

KUALA LUMPUR: The World Bank says Malaysia's economy has remained resilient to external headwinds.

'No change in power tariff rates'

By LIDIANA ROSLI and AWAINA ARBEE - Thursday, June 30, 2016 - 11:01

PUTRAJAYA: Electricity tariffs in Peninsular Malaysia, Sabah and Labuan remain unchanged until year-end, but natural gas tariffs for the non-power sector will be raised by 5.95 per cent effective July 15.

Malaysia Airlines expected to name new CEO today

By BILQIS BAHARI - Thursday, June 30, 2016 - 11:01

KUALA LUMPUR: Malaysia Airlines Bhd (MAB) is expected to announce its new chief executive officer (CEO) as early as today.

Ringgit opens higher against US Dollar

By Bernama - Thursday, June 30, 2016 - 09:45

KUALA LUMPUR: The ringgit continued its uptrend against the US dollar in opening higher today and in line with other Asian currencies, as the shock over the United Kingdom’s (UK) decision to leave the European Union (EU) last week, gradually dimmed.

Increase in price of natural gas will cost us, say glove-makers

By OOI TEE CHING - Wednesday, June 29, 2016 - 20:54

PETALING JAYA: Glove-makers have no choice but to absorb the sudden additional cost as the government, in a couple of weeks, will raise the price of natural gas.

Malaysia-Indonesia to hold joint trade meeting after eight-year lapse

By RUPA DAMODARAN - Wednesday, June 29, 2016 - 16:53

KUALA LUMPUR: Malaysia and Indonesia will hold their second joint trade and investment committee meeting tomorrow, after a lapse of eight years.

MAHB boss on klia2: 'You don't change your child's name, do you?'

By BILQIS BAHARI - Wednesday, June 29, 2016 - 13:07

SEPANG: Malaysia Airports Holdings Bhd (MAHB) is using the 'wait-and-see' approach on the outcome of AirAsia's meeting with the Ministry of Transport (MoT) on the branding issue of Kuala Lumpur International Airport 2 (klia2).

RHB Bank lists on Bursa

By ZARINA ZAKARIAH - Wednesday, June 29, 2016 - 11:01

KUALA LUMPUR: With its restructuring exercise nearing completion, RHB Bank Bhd yesterday assumed RHB Capital Bhd’s (RHBCap) listing on the Main Market of Bursa Malaysia with a commendable debut.

EPF keen to partner Eco World to develop Penang townships

By AMIR HISYAM RASID - Wednesday, June 29, 2016 - 11:01

KUALA LUMPUR: The Employees Provident Fund (EPF) is keen to participate in the development of the land in Batu Kawan, Penang, recently acquired by Eco World Development Group Bhd.

Ringgit opens higher against US dollar

By Bernama - Wednesday, June 29, 2016 - 09:50

KUALA LUMPUR: The ringgit opened higher against the US dollar today as the currency market slowly returned to stability, dealers said.

Maybank sets RM10mil for waqf fund

By LIDIANA ROSLI - Tuesday, June 28, 2016 - 18:25

KUALA LUMPUR: Maybank Islamic Bhd aims to contribute up to RM10 million in its debut waqf fund, which is also a collaboration with the Perak Religious Council (MAIP) via the Waqf Perak Ar-Ridzuan (WPAR).

Odds to cut OPR have risen: UOB

By RUPA DAMODARAN - Tuesday, June 28, 2016 - 15:09

KUALA LUMPUR: The odds for Bank Negara Malaysia to ease its monetary policy have increased following the near-term risks from United Kingdom's exit from the European Union, says UOB Bank.

Eco World acquires Batu Kawan land for development

By NST Business - Tuesday, June 28, 2016 - 15:01

KUALA LUMPUR: Eco World Development Group Bhd has reaffirmed its commitment to the Penang market with the acquisition of two parcels of land measuring 374.5 acres in Batu Kawan, Penang for RM875.24 million.

Panasonic Group ink deal with Tropicana Corp to build eco-homes

By SHAREN KAUR - Tuesday, June 28, 2016 - 12:04

PETALING JAYA: Panasonic Group today inked a strategic collaboration with Tropicana Corp Bhd to build houses in Tropicana Aman, a new township development in Kota Kemuning, Shah Alam.

Bursa Malaysia, ringgit fall amid uncertainty

Tuesday, June 28, 2016 - 11:01

KUALA LUMPUR: Bursa Malaysia slipped 0.27 per cent while the ringgit eased 0.16 per cent against the US dollar yesterday as uncertainty looms over Britain’s move to leave the European Union.

Malaysia to monitor impact in next 2 years

By BILQIS BAHARI - Tuesday, June 28, 2016 - 11:00

KUALA LUMPUR: Malaysia will monitor the unfolding events in the next two years as Britain heads out of the European Union (EU).

Ringgit opens at 4.1 against US Dollar

By Bernama - Tuesday, June 28, 2016 - 09:58

KUALA LUMPUR: The ringgit opened lower against the US dollar today as uncertainty in the post-Brexit era prompted speculation that regional central banks may cut interest rates, dealers said.

Kelana Jaya, Ampang LRT line to see total additional 300k riders daily

By FRANCIS DASS - Monday, June 27, 2016 - 16:41

PUTRA HEIGHTS: Prasarana Malaysia Bhd has kept within the RM8 billion budget for construction and completion of its Kelana Jaya and Ampang LRT line extension project.

ASNB announces 6.30 sen income distributions for ASD, 3.45 sen for ASN 2

By Bernama - Monday, June 27, 2016 - 15:03

KUALA LUMPUR: Amanah Saham Nasional Bhd (ASNB), a wholly-owned unit of Permodalan Nasional Bhd (PNB), has announced income distributions of 6.30 sen per unit for Amanah Saham Didik (ASD) and 3.45 sen per unit for Amanah Saham Nasional 2 (ASN 2), for financial year ending June 30, 2016.

Malaysia not expecting post-Brexit turmoil

By BILQIS BAHARI - Monday, June 27, 2016 - 12:57

KUALA LUMPUR: Malaysia is not expecting any major turmoil in terms of trade and investment over the next few days in the wake of Britain voting out of the European Union (EU) last week.

Fusionex Analytics (GIANT) charts record high in customer wins

By NST ONLINE - Monday, June 27, 2016 - 12:17

KUALA LUMPUR: Fusionex, a multi-award-winning, leading software solutions provider specializing in Analytics, Big Data, and the Internet of Things (IoT), has built up an impressive customer base and is showing no signs of slowing down.

Sunzen Biotech bullish on new market prospects

By SHAREN KAUR - Monday, June 27, 2016 - 11:00

PETALING JAYA: Animal health specialist Sunzen Biotech Bhd is eyeing new markets, such as the United States and Iran, for expansion this year and is bullish on the prospects.

Ringgit opens weaker against US dollar

By Bernama - Monday, June 27, 2016 - 09:50

KUALA LUMPUR: The ringgit continued to open easier against the US dollar today following the surprise vote by Britain to exit the European Union (EU), dealers said.

Petronas receives tallest, heaviest fractionator process column in Malaysia

By Bernama - Sunday, June 26, 2016 - 16:18

KUALA LUMPUR: Petronas has received the tallest and heaviest propylene fractionator process column in Malaysia for the steam cracker facility located within its Pengerang Integrated Complex (PIC) in Pengerang, Johor.

George Soros says 'Brexit' means 'disintegration' of EU

By Reuters - Sunday, June 26, 2016 - 10:40

Billionaire investor George Soros said on Saturday that Britain’s vote to leave the European Union makes “disintegration of the EU practically irreversible,” and that the effects of Thursday’s referendum will likely damage Britain.

French, German business groups urge EU to 'reunite' after Brexit

By AFP - Sunday, June 26, 2016 - 09:05

PARIS: Business groups in France and Germany on Sunday said EU nations should respond to Britain’s decision to quit the bloc by working even more closely together to limit the “turbulence” caused by the Brexit shock.

Ringgit to decline to 4.15 versus US dollar next week

By Bernama - Saturday, June 25, 2016 - 13:26

KUALA LUMPUR: The ringgit is likely experience further correction next week to RM4.15 per US dollar following the shocking referendum by Britain to exit the European Union (EU).