Business

Petronas’ profits hit by lower oil price

By ZAIDI ISHAM ISMAIL - Friday, 27 February 2015.

Petroliam Nasional Bhd (Petronas) reported today a lower net profit and says it will cut its five-year capital investment and operating expenditure by 10 per cent and 30 per cent respectively to mitigate the adverse effects of weak crude oil prices on its profitability and cashflow in 2015.

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Petronas’ profits hit by lower oil price

By ZAIDI ISHAM ISMAIL - Friday, February 27, 2015 - 20:43

Petroliam Nasional Bhd (Petronas) reported today a lower net profit and says it will cut its five-year capital investment and operating expenditure by 10 per cent and 30 per cent respectively to mitigate the adverse effects of weak crude oil prices on its profitability and cashflow in 2015.

325,279 companies registered under GST: Ahmad Maslan

Friday, February 27, 2015 - 19:38

SANDAKAN: A total of 325,279 companies nationwide registered under the Goods and Sales Tax (GST) that ends tomorrow.

FTSE Bursa Malaysia update: 5.00pm

Friday, February 27, 2015 - 17:33

KUALA LUMPUR: At 5.00 p.m. today, there were 366 gainers, 484 losers and 303 counters traded unchanged on the Bursa Malaysia.

RHB Cap records pre-tax profit of RM2.74b

Friday, February 27, 2015 - 15:36

KUALA LUMPUR: RHB Capital Bhd (RHB Cap) chalked up a pre-tax profit of RM2.74 billion for the financial year ended Dec 31, 2014, versus RM2.47 billion recorded in 2013, on the back of a higher total income growth.

KLCI futures mixed mid-day

Friday, February 27, 2015 - 15:13

KUALA LUMPUR: The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract (FKLI) on Bursa Malaysia Derivatives finished the morning session mixed.

Boustead FY14 pre-tax profit eases to RM685.7m

Friday, February 27, 2015 - 15:09

KUALA LUMPUR: Boustead Holdings Bhd’s pre-tax profit for the financial year ended Dec 31, 2014 eased to RM685.7 million from RM707.7 million achieved in 2013.

BNM: Malaysia has US$110.6 billion in unencumbered reserve assets

Friday, February 27, 2015 - 12:36

KUALA LUMPUR: The country’s official reserve assets amounted to US$110.6 billion as at end January 2015, Bank Negara Malaysia said.

Brent approaches US$61

Friday, February 27, 2015 - 11:04

SINGAPORE: Crude oil futures rebounded on Friday, with Brent heading for its biggest monthly gain since May 2009, as supply outages in North Sea and renewed fears of gas supply disruption in Europe supported prices.

KLCI futures higher in early trade

Friday, February 27, 2015 - 10:08

KUALA LUMPUR: The FTSE Bursa Malaysia KLCI futures contract (FKLI) on Bursa Malaysia Derivatives opened higher with three contract months traded.

Short-Term rates to remain stable on BNM’s intervention

Friday, February 27, 2015 - 10:02

KUALA LUMPUR: Short-term interbank rates are expected to remain stable today with Bank Negara Malaysia (BNM) intervening to absorb excess liquidity from the financial system.

KL shares edge lower in early trade

Friday, February 27, 2015 - 10:00

KUALA LUMPUR: The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) edged down this morning on selective trading as traders remained on sidelines, a dealer said.

Klibor futures untraded at 9.20am

Friday, February 27, 2015 - 09:55

KUALA LUMPUR: The three-month Kuala Lumpur Interbank Offered Rate (KLIBOR) futures contract on Bursa Malaysia Derivatives was untraded as at 9.20am.

Ringgit opens easier against USD

Friday, February 27, 2015 - 09:52

KUALA LUMPUR: The ringgit opened easier against the US dollar, in early trading this morning, on lack of buying support, a currency trader said.

India aims to invest $137 bln in railways in next 5 years

Thursday, February 26, 2015 - 18:37

NEW DELHI: India's government unveiled plans on Thursday to invest $137 billion in its decrepit rail network over the next five years, heralding Prime Minister Narendra Modi's aggressive approach to building infrastructure needed to unlock faster economic growth.

Hong Kong seeks to rival Singapore as corporate FX hub

Thursday, February 26, 2015 - 18:12

HONG KONG: In a bid to rival Singapore, Hong Kong is introducing sweeping tax measures aimed at making it a more attractive centre in Asia for global corporations to trade foreign exchange.

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