Business

Record RM236 billion in approved investments in 2014: Mustapa Mohamed

By RUPA DAMODARAN - Thursday, 26 February 2015.

KUALA LUMPUR: Malaysia flexed its investment muscles to chart a new record RM235.9 billion in approved investments last year, placing it closer towards its goal of a developed nation in five years.

Latest

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.

Ringgit strengthens against US Dollar

Thursday, February 26, 2015 - 17:56

KUALA LUMPUR: The ringgit was higher compared to the US dollar in late trading today at slightly below the 3.600 level, as the greenback extended losses in most overseas markets, a currency trader said.

Felda Investment Corp opens restaurant in Jeddah

Thursday, February 26, 2015 - 17:51

KUALA LUMPUR: Felda Investment Corporation Sdn Bhd (FIC) has opened Malaysia's first restaurant in Jeddah.

Peter Sands to leave StandChart in June

Thursday, February 26, 2015 - 17:43

LONDON: The chief executive of Asia-focused bank Standard Chartered will step down in June, the company said Thursday, following poor results, job cuts and fines for failing to detect possible money-laundering.

FTSE Bursa Malaysia update: 5.00pm

Thursday, February 26, 2015 - 17:30

KUALA LUMPUR: At 5.00 p.m. today, there were 503 gainers, 347 losers and 330 counters traded unchanged on the Bursa Malaysia.

TM posts RM831.8mil net profit and RM11.2bil revenue for FY14

Thursday, February 26, 2015 - 16:20

KUALA LUMPUR: Telekom Malaysia Bhd (TM) saw lower year-on-year net profit for both fourth quarter and the full fiscal year ended December 31, 2015.

Utusan’s pre-tax loss expands three-fold to RM82.64mil in FY14

Thursday, February 26, 2015 - 15:38

KUALA LUMPUR: Utusan Melayu (Malaysia) Bhd’s pre-tax loss expanded three-fold to RM82.64 million in the financial year ended Dec 31, 2014 from RM20.39 million previously, due to lower revenue and higher impairment charges on trade and other receivables.

S&P affirm TNB’s “BBB+” rating with stable outlook

Thursday, February 26, 2015 - 15:19

SINGAPORE: Standard & Poor’s Ratings Services (S&P) has affirmed its ‘BBB+’ long-term corporate credit rating on Tenaga Nasional Bhd (TNB) with a stable outlook.

Fed disappoints dollar bulls, weak data knocks Aussie off 1-mth high

Thursday, February 26, 2015 - 13:40

SYDNEY/TOKYO: The dollar nursed modest losses on Thursday, having eased for a second straight session after recent remarks from the head of the Federal Reserve prompted markets to push back the timing of an expected U.S. interest rate hike.

Gold holds above US $1,200 on view US rate rise will be delayed

Thursday, February 26, 2015 - 13:35

SINGAPORE: Gold rose for a second session and held above $1,200 an ounce on Thursday as comments from Federal Reserve Chair Janet Yellen led investors to believe US interest rates would start to rise later than expected this year.

Rousseff lashes out at Moody’s for downgrading Petrobas debt to junk-bonds

Thursday, February 26, 2015 - 13:29

BRASILIA: Brazilian President Dilma Rousseff said credit rating agency Moody's Investors Service downgraded state-controlled oil giant Petrobras' debt to junk-bond territory due to ignorance of the company's situation.

Qantas roars back into black after aggressive cost-cutting

Thursday, February 26, 2015 - 13:15

SYDNEY: Australian carrier Qantas on Thursday roared back into the black after an aggressive shake-up to stem mounting losses, posting its best interim result in four years helped by a revival in its international arm.

KLTM ends higher at US$18,100 a tonne

Thursday, February 26, 2015 - 13:07

KUALA LUMPUR: The Kuala Lumpur Tin Market (KLTM) rose US$40 today to close at US$18,100 per tonne supported by mild buying interest, a dealer said.

Brent falls towards $61 as US crude stocks weigh

Thursday, February 26, 2015 - 13:05

SINGAPORE: Brent crude fell towards $61 on Thursday, reversing previous gains as a bulging U.S. crude stockpiles offset glimpses of an oil demand recovery.

Pages