Tabung Haji to sell TRX land for a profit

Tuesday, 26 May 2015.

KUALA LUMPUR: Lembaga Tabung Haji will be selling the parcel of land it acquired from 1Malaysia Development Bhd (1MDB) at the Tun Razak Exchange (TRX) site for a small profit.


Media CEOs dominate ranks of top-paid executives

Tuesday, May 26, 2015 - 22:35

NEW YORK: — They’re not Hollywood stars, they’re not TV personalities and they don’t play in a rock band, but their pay packages are in the same league.

Oil drops below US$65 on US shale outlook, dollar

Tuesday, May 26, 2015 - 22:32

LONDON: Oil fell below $65 a barrel on Tuesday, pressured by the possibility that U.S. shale oil producers could increase drilling activity and by a stronger dollar.

Charter to buy TWC in new cable mega-deal

Tuesday, May 26, 2015 - 22:25

NEW YORK: Charter Communications announced Tuesday it is acquiring rival Time Warner Cable to create a powerful new player in the US pay TV and broadband sector.

1MDB says memorandum, articles of association available to public

Tuesday, May 26, 2015 - 22:19

KUALA LUMPUR: – The Memorandum and Articles of Association, and the financial accounts of 1Malaysia Development Bhd (1MDB) have always been available to the public via the Companies Commission of Malaysia, says its President and Group Executive Director Arul Kanda.

Greek concerns haunt euro, stocks

Tuesday, May 26, 2015 - 22:15

LONDON: The euro slid Tuesday and European stock markets struggled on concerns over Greece’s ability to meet looming repayment deadlines, dealers said.

Wall St opens lower as stronger dollar weighs

Tuesday, May 26, 2015 - 22:08

NEW YORK: Wall Street opened lower on Tuesday after the dollar jumped to a one-month high on data showing that U.S. business investment spending plans increased solidly for a second straight month in April.

Corporates can look forward to ‘good times’ post-May

By FRANCIS DASS - Tuesday, May 26, 2015 - 21:59

CORPORATES see May, the fifth month of the year, like employees see the fifth day of the week, Friday: they just can't wait for it to end and enjoy the good times that come after.

Business investment climbs as factories thaw from winter

Tuesday, May 26, 2015 - 21:53

WASHINGTON: — Orders to U.S. factories for long-lasting manufactured goods fell slightly in April. But a category that reflects business investment climbed for a second month, a hopeful sign that this key sector is starting to revive.

Foxconn plans 10-12 new Indian facilities by 2020

Tuesday, May 26, 2015 - 21:43

GUIYANG, China: Taiwan’s Foxconn Technology, the world’s largest contract electronics manufacturer, is aiming to develop 10-12 facilities in India, including factories and data centres, by 2020, Chairman Terry Gou said on Tuesday.

AL Rajhi Bank launches new medical plan

Tuesday, May 26, 2015 - 20:33

KUALA LUMPUR: Al Rajhi Bank has launched a new medical plan, i-Medic, offering affordable and comprehensive medical and hospitalisation coverage.

ShareInvestor to hold Invest Malaysia Fair 2015 in KL

Tuesday, May 26, 2015 - 19:14

SINGAPORE: ShareInvestor Malaysia will organise INVEST Fair Malaysia 2015 (IFMY 2015) at the Mid Valley Exhibition Centre in Kuala Lumpur on June 20-21.

BAE Systems keen to connect ASEAN SMEs to its supply chain

Tuesday, May 26, 2015 - 18:05

KUALA LUMPUR: BAE Systems has described the ASEAN SME Showcase and Conference 2015 as a conduit for it to introduce Malaysian Small and Medium Enterprises (SMEs) to its global aerospace supply chain of over 7,000 suppliers.

HLFG’s Q3 pre-tax profit falls to RM2.24b

Tuesday, May 26, 2015 - 17:59

KUALA LUMPUR: – Hong Leong Financial Group (HLFG) posted a pre-tax profit of RM699.7 million for the third quarter ended March 31, 2015 compared with RM727.9 million in the previous corresponding quarter.

HLB’s 3Q pre-tax profit rises to RM663m

Tuesday, May 26, 2015 - 17:52

KUALA LUMPUR: – Hong Leong Bank Bhd registered a pre-tax profit of RM663 million for its third quarter ended March 31, 2015, up 3.6 per cent from RM639 million in the corresponding quarter a year ago.

TNB’s shares gain momentum after recent sell-down

Tuesday, May 26, 2015 - 17:46

KUALA LUMPUR: – Tenaga Nasional Bhd’s (TNB) shares which took a battering on Bursa Malaysia yesterday and dragged down the benchmark index, gained slight momentum today.