Business

MOF proposes rationalisation plan for 1MDB

Friday, 29 May 2015.

KUALA LUMPUR: The Finance Ministry has presented to Cabinet a plan for the rationalisation of 1MDB, which is expected to be fully implemented by early next year.

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G7 agrees Chinese yuan should be in IMF currency basket

Friday, May 29, 2015 - 20:00

DRESDEN, (Germany): The Group of Seven countries are in fundamental agreement that the Chinese yuan should be part of an international basket of reference currencies, but there is no need to rush it, German Finance Minister Wolfgang Schaeuble said Friday.

Cell tissue technology eyes RM1.5 million sales by 2016

Friday, May 29, 2015 - 19:37

KUALA LUMPUR: Cell Tissue Technology Sdn Bhd (CTT), Malaysia’s first tissue engineering company, is targeting RM1.5 million in sales by 2016 for its newly launched core products, namely MyDerm and Derm-Autologous.

MOF proposes rationalisation plan for 1MDB

Friday, May 29, 2015 - 16:55

KUALA LUMPUR: The Finance Ministry has presented to Cabinet a plan for the rationalisation of 1MDB, which is expected to be fully implemented by early next year.

Tanjung Offshore adopts whistle-blowing policy in push for transparency

Friday, May 29, 2015 - 13:36

KUALA LUMPUR: In a bid to provide greater transparency, Tanjung Offshore Bhd (TOB) has implemented a whistle-blowing policy to provide directors and employees a platform to raise their concerns on any malpractices within the group.

KL Shares lower at mid-day, CI 3.25 pts easier

Friday, May 29, 2015 - 13:33

KUALA LUMPUR: The key benchmark index on Bursa Malaysia ended the morning session 3.25 points easier as investors’ sentiment remained sluggish, but it managed to hold above its key psychological level of 1,750 points.

Standard & Poor lowers Sime Darby credit rating

Friday, May 29, 2015 - 12:18

KUALA LUMPUR: Standard &Poor’s has lowered the credit rating on Sime Darby Bhd from A to negative outlook at A-.

Malaysia is 14th in world competitiveness ranking

By RUPA DAMODARAN - Thursday, May 28, 2015 - 14:15

KUALA LUMPUR: Malaysia slipped by two notches on the annual Swiss-based competitiveness rankings for 2015.

1MDB’s Arul refutes Sarawak Report over BSI account

Thursday, May 28, 2015 - 14:03

KUALA LUMPUR: 1Malaysia Development Bhd (1MDB) president and group executive director Arul Kanda has refuted an online blog that he had allegedly provided false statement to Bank Negara Malaysia (BNM) that 1MDB had cash in a BSI account in Singapore.

Airasia X shares falls 1.88pc om wider Q1 losses

Thursday, May 28, 2015 - 10:40

KUALA LUMPUR: AirAsia X Bhd’s shares fell 1.88 per cent or half-a-sen in the early session today after posting wider losses for the first quarter ended March 31, 2015.

Short-term rates to remain stable on BNM intervention

Thursday, May 28, 2015 - 10:27

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

FTSE Bursa Malaysia update

Thursday, May 28, 2015 - 10:26

KUALA LUMPUR: At 9.30 a.m. today, there were 172 gainers, 171 losers and 189 counters traded unchanged on the Bursa Malaysia.

Ringgit opens lower versus US Dollar

Thursday, May 28, 2015 - 10:25

KUALA LUMPUR: The ringgit eased against the US dollar, in early trade this morning, on lack of buying support for the local unit, said a dealer.

Malaysia is 14th in world competitiveness ranking

By RUPA DAMODARAN - Thursday, May 28, 2015 - 08:50

KUALA LUMPUR: Malaysia slipped by two notches on the annual Swiss-based competitiveness rankings for 2015.

Khazanah to observe MAS Union’s retrenchment benefits according to CA

Wednesday, May 27, 2015 - 22:27

KUALA LUMPUR: – Khazanah Nasional Bhd has agreed to observe the retrenchment package for Malaysia Airlines (MAS) employees in accordance with the collective agreement (CA), which include a 1.5-month salary in lieu of every year of service and not less, MAS Employees Union (Maseu) said.

AirAsia X’s losses widens in 1Q15

Wednesday, May 27, 2015 - 22:05

KUALA LUMPUR: AirAsia X Bhd posted a pre-tax loss of RM117.28 million for the first quarter (Q1) ended March 31, 2015, compared with a pre-tax loss of RM48.13 million previously.

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