Business

Malaysia on track to achieve high income status:IMF

By RUPA DAMODARAN - Wednesday, 4 March 2015.

KUALA LUMPUR: Malaysia is on track to reach high income status in five years due to skillful economic management amidst an uneven global recovery, says the International Monetary Fund.

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Bargain hunters in finance stocks lift Bursa Malaysia at close

Friday, March 6, 2015 - 17:48

KUALA LUMPUR: Share prices on Bursa Malaysia closed slightly higher today, supported by bargain hunting in selected finance stocks after the midday break, dealers said.

Property sector to be flat this year

Friday, March 6, 2015 - 17:36

KUALA LUMPUR: The property sector is expected to be flat this year, bogged down by buyers’ ‘wait-and-see’ attitude towards the implementation of the Goods and Services Tax against a backdrop of a weakening ringgit.

BNM’s international reserves at RM386b as of Feb 27

Friday, March 6, 2015 - 17:33

KUALA LUMPUR: Bank Negara Malaysia’s (BNM) international reserves amounted to RM386.0 billion (equivalent to US$110.5 billion) as at Feb 27, 2015.

Malaysia’s comparative advantage in the E&E sub-sector is declining: RAM

Friday, March 6, 2015 - 16:50

KUALA LUMPUR: Manufactured exports for electrical and electronic (E&E) products are expected to receive a short-term boost from the current weak ringgit, which is generally benefiting the export sector.

Taiwan’s Gintech to start operations in June

Friday, March 6, 2015 - 16:48

KUCHING: Taiwanese firm, Gintech Energy Corp, hopes to have its plant in Samajaya Free Industrial Zone in Sarawak operational by June this year, said its executive director, Dr Pan Wen Whe.

IOI Prop terminates plan to acquire stake in Taiwan company

Friday, March 6, 2015 - 16:45

KUALA LUMPUR: IOI Properties Group Bhd has cancelled its plan to acquire a 37.17 per cent stake in Taipei Financial Center Corp for RM2.74 billion.

MAS installs aircraft tracking system

Friday, March 6, 2015 - 15:48

PUTRAJAYA: National carrier Malaysia Airlines (MAS) has introduced a 15-minute aircast data downloading system to keep track on its aircraft almost on real time basis.

Brent climbs above US$61 on ME supply concerns

Friday, March 6, 2015 - 15:45

SINGAPORE: Brent crude oil rose to around $61 a barrel on Friday as fighting in Libya and Iraq stoked output worries, while traders kept a close eye on Iran nuclear talks that could eventually bring more supply to world markets.

KL shares easier mid-afternoon

Friday, March 6, 2015 - 15:32

KUALA LUMPUR: Share prices on Bursa Malaysia were slightly lower at mid-afternoon today on mild profit-taking in selected heavyweights, dealers said.

Malaysia to drive future growth for Frost & Sullivan

Friday, March 6, 2015 - 14:24

NUSAJAYA: Frost & Sullivan is bullish on Malaysia’s potential, not only as the growth driver for the company but as a springboard to strengthen its position within the Asia Pacific region, moving forward.

FGV bags “50 Best Global Employer Brands Award”

Friday, March 6, 2015 - 13:43

KUALA LUMPUR: Continuous efforts to improve its human resources practices has earned Felda Global Ventures Holdings Bhd (FGV) the international “50 Best Global Employer Brands Award 2015” recently.

Malaysia records 207th consecutive month of trade surplus in January

By RUPA DAMODARAN - Friday, March 6, 2015 - 13:38

KUALA LUMPUR: Malaysian exports decreased to RM63.6 billion from RM63.9 billion last year, coming in below market expectations.

ECB raises growth forecasts for this year and next

Thursday, March 5, 2015 - 22:30

NICOSIA/FRANKFURT: The European Central Bank will launch into quantitative easing next week having increased its economic growth forecasts for this year and next.

TNB’s 1,071MW combined cycle power plant on track for operation in 2016

Thursday, March 5, 2015 - 20:47

KUALA LUMPUR: Tenaga Nasional Bhd’s (TNB) 1,071-megawatt (MW) power plant in Seberang Perai, Penang, currently the world’s largest and most efficient gas turbine plant utilising Siemens H-Class technology, is on track for commercial operation on Jan 1, 2016.

SC monitors cybersecurity preparedness among intermediaries

Thursday, March 5, 2015 - 19:27

KUALA LUMPUR: With cyber threats a growing cause for regulatory concern given their evolving nature with diverse origins and motivations, the Securities Commission Malaysia (SC) has begun examinations of security preparedness among intermediaries.

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