Business

Ringgit opens higher versus greenback

By Bernama - Thursday, 11 February 2016.

KUALA LUMPUR: The ringgit opened higher versus the US dollar today on improved demand for the local unit, dealers said.

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Global halal market growing bigger

By AMIR HISYAM RASID - Saturday, February 13, 2016 - 11:01

KUALA LUMPUR: The halal economy — encompassing everything from banking and finance to food and beauty products — is on the rise.

Downturn not affecting demand in cosmetics sector

Saturday, February 13, 2016 - 11:00

INVESTOR sentiment is often guided by the state of the economy. When the economy is in a downturn, investors tend to shy away from sectors like automotive and banks that are by nature cyclical and start looking at sectors that are defensive.

Oil prices soar on report that UAE offers talks on output cuts

By AFP - Saturday, February 13, 2016 - 08:45

NEW YORK: Oil prices soared Friday, with US crude rebounding from a 2003 low, on reports that OPEC was willing to organize output cuts that could ease the global oversupply.

No more network cuts for Malaysia Airlines

By BILQIS BAHARI - Friday, February 12, 2016 - 11:00

SEPANG: National carrier Malaysia Airlines Bhd (MAB) will no longer cut its network capacity this year, after its final flights to Europe last month and as it bids farewell to Dubai next week.

Ringgit opens at 4.13 against USD

Friday, February 12, 2016 - 10:00

KUALA LUMPUR: The ringgit opened slightly higher against the US dollar today on better demand for the local currency, mildly supported by market players, dealers said.

TPP poised to improve IP environment: US Chamber of Commerce

By RUPA DAMODARAN - Thursday, February 11, 2016 - 20:45

KUALA LUMPUR: Malaysia’s intellectual property (IP) environment has been improving over the past four years and is poised to strengthen once it is part of the Trans-Pacific Partnership (TPP) grouping.

M'sia's trade to grow by 2 pct in 2016: Mustapa

Thursday, February 11, 2016 - 15:31

KUALA LUMPUR: The country's trade is likely to grow by two per cent in 2016 amid the challenging economic environment, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed.

IPI records 2.7% growth in Dec 2015: DOS

By RUPA DAMODARAN - Thursday, February 11, 2016 - 13:33

KUALA LUMPUR: The Industrial Production Index (IPI) rose by an annualised 2.7 per cent in December 2015, beating market expectations.

US oil prices dive below US$27 a barrel

Thursday, February 11, 2016 - 11:19

SINGAPORE: US crude tumbled below US$27 a barrel in Asia Thursday as the oversaturated market struggled to cope with high inventories in the United States and an increased output from OPEC.

Asian CEOs upbeat on economy

Thursday, February 11, 2016 - 11:00

KUALA LUMPUR: Economic sentiment among Asian chief executive officers (CEOs) improved last month as the region foresees moderate growth despite the collapse of global stock prices due to China’s slowdown and lower oil prices.

Intensifying cost efficiency

By LIDIANA ROSLI - Wednesday, February 10, 2016 - 11:00

KUALA LUMPUR: The Hong Leong banking group’s focus this year will be on amplifying cost efficiency to ride out the ongoing economic headwinds.

Ringgit opens lower against US dollar

By Bernama - Wednesday, February 10, 2016 - 09:57

KUALA LUMPUR: The ringgit opened lower against the US dollar today on weak demand for the local currency, dealers said.

ESPN casts shadow over 'Star Wars' success at Disney

By Reuters - Wednesday, February 10, 2016 - 09:27

Walt Disney Co’s ESPN sports network posted a decline in quarterly profit, overshadowing the blockbuster success of “Star Wars: The Force Awakens,” which lifted the company to record income and topped Wall Street expectations.

Dubai to press ahead with world's largest mall as Gulf economy slows

By Reuters - Tuesday, February 9, 2016 - 22:57

DUBAI: Dubai said on Tuesday it would press ahead with plans to build the world’s largest shopping mall despite an economic slowdown looming in the region, but would assess market demand before proceeding with the project’s later stages.

Japan worried about 2020 problem, or life after the Olympics

By AP - Tuesday, February 9, 2016 - 14:43

TOKYO: Japan is gearing up for the 2020 Tokyo Olympics with gusto, investing in everything from stadiums to electric cars, and expecting an economic bonanza from a construction frenzy and an influx of visitors.

Islamic finance to override oil price woes, prospects remain strong

By Bernama - Tuesday, February 9, 2016 - 12:15

KUALA LUMPUR: The prospects for Islamic finance remains strong given the growing interest towards Shariah-compliant investment asset class, despite the inevitable correlation between oil price and Islamic wealth.

iFlix plans massive expansion

By BILQIS BAHARI - Monday, February 8, 2016 - 11:00

KUALA LUMPUR: IFLIX, an Internet television (TV) service provider in Southeast Asia, plans a massive expansion this year in emerging markets across three regions spanning Asia, Africa to Eastern Europe.

Matrade to expand Malaysian products in West Africa

By Bernama - Sunday, February 7, 2016 - 22:49

KUALA LUMPUR: The Malaysia External Trade Development Corporation (MATRADE) aims to use Nigeria and Ghana as a platform to promote Malaysian products in the West African region.

LRT boost for PR1MA housing

By GOH THEAN HOWE - Saturday, February 6, 2016 - 11:00

KUALA LUMPUR: PR1MA Corp, the country’s largest affordable housing developer, has been awarded eight prime locations along the light rail transit (LRT) lines in the Klang Valley for future projects.

Ringgit likely to trade at 4.10 against USD next week

Saturday, February 6, 2016 - 10:50

KUALA LUMPUR: The ringgit is likely to trade at 4.10 against the US dollar next week on expectation of higher global crude oil prices and improved risk appetite for the local note, analysts said.

Malaysia's trade performance exceeded 2015 forecasts; up 1.2 per cent to RM1.466 trillion: Ong Ka Chuan

By CHERYL YVONNE ACHU - Friday, February 5, 2016 - 11:08

KUALA LUMPUR: Malaysia's trade performance has exceeded forecasts in 2015 with total trade up by 1.2 per cent to RM1.466 trillion.

SapuraKencana wins US$382m worth of jobs

Friday, February 5, 2016 - 11:00

KUALA LUMPUR: SapuraKencana Petroleum Bhd has bagged oil and gas jobs worth a combined value of US$382 million (RM1.58 billion).

Ringgit opens at 4.1270/1325 against US dollar

By Bernama - Friday, February 5, 2016 - 10:23

KUALA LUMPUR: The ringgit opened higher against the US dollar prompted by a weaker dollar amid speculation that the US Federal Reserve would increase interest rates this year, analysts said.

ISDS to be used 'appropriately': USTR

By RUPA DAMODARAN - Thursday, February 4, 2016 - 16:12

AUCKLAND: The US top trade official allayed fears that the dispute settlement clause in the freshly-signed Trans Pacific Partnership Agreement (TPPA) has given too much power to US corporations.

Maxis sees higher net profit in Q4 2015

By FRANCIS DASS - Thursday, February 4, 2016 - 15:34

KUALA LUMPUR: Maxis Bhd reported a surge of 38.05 per cent in its 4Q2015 net profit, at RM468 million, from RM339 million reported in the same quarter in 2014.

Kuwait Airways retires 1,350 Kuwaiti nationals, targets profitability

By Reuters - Thursday, February 4, 2016 - 14:06

DUBAI: Loss-making Kuwait Airways has let go of 1,350 Kuwaiti nationals during the last two years, part of a plan to cut costs and return to profit by 2019, the chief executive of the state-owned carrier told Reuters on Thursday.

AMCHAM praises Msia's TPPA signing

By Marina Emmanuel - Thursday, February 4, 2016 - 13:48

KUALA LUMPUR: The American Malaysian Chamber of Commerce (AMCHAM Malaysia) has applauded the signing of the Trans Pacific Partnership (TPP) Agreement in Auckland, New Zealand.

EPF to sell stake in British American Tobacco

By Bernama - Thursday, February 4, 2016 - 13:08

KUALA LUMPUR: The Employees Provident Fund plans to dispose its stake in British American Tobacco at the right price, its Deputy Chief Executive Officer (Investment) Datuk Mohamad Nasir Ab Latif said today.

UMLand's Iskandar forays on track

By AMIR HISYAM RASID - Thursday, February 4, 2016 - 11:03

JOHOR BARU: United Malayan Land Bhd (UMLand) is set to expand its footprint in Iskandar Malaysia, here, with all of its ongoing projects, worth more than RM3 billion, expected to be completed on time.

Adapt quickly to new 'disrupting' tech, urges MDeC chief

Thursday, February 4, 2016 - 10:55

KUALA LUMPUR: Companies wanting to stay competitive must rapidly adapt to introduction of new technology and the way it is changing the rules of business.