Business

Tech firms may face profit hiccups

By AMIR HISYAM RASID - Monday, 20 February 2017.

KUALA LUMPUR: Malaysia’s export-oriented technology companies could face export and earnings hiccups from a stronger ringgit as well as weakness in the semiconductor industry this year.

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Rubber industry resilient, thanks to high value exports, says Mah

By OOI TEE CHING - Monday, February 20, 2017 - 20:27

KLANG: Malaysia’s rubber industry is resilient, as downstream businesses continue to invest in the manufacture of high-value exports such as rubber seismic bearings, said Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong.

Eco World Development targeting RM4 billion in sales in 2017

By OOI TEE CHING - Monday, February 20, 2017 - 18:01

SHAH ALAM: Eco World Development Group Bhd, while acknowledging the challenging real estate market, is hopeful of achieving RM4 billion in sales in the current year ending Oct 2017.

Petronas considers $1 bln stake sale in offshore gas project-sources

By Reuters - Monday, February 20, 2017 - 16:04

SINGAPORE: Malaysian state-owned oil and gas firm Petronas is aiming to sell a large minority stake in a prized upstream local gas project for up to $1 billion as it seeks to raise cash and cut development costs, two sources familiar with the matter said.

EPF will remain prudent amid challenging environment, says CEO

By NST Business - Monday, February 20, 2017 - 14:26

KUALA LUMPUR: The Employees' Provident Fund (EPF) aims to sustain its performance this year amid challenging environment.

'Room for further growth'

By AMIR HISYAM RASID - Monday, February 20, 2017 - 14:00

KUALA LUMPUR: Bumiputera Agenda Steering Unit (Teraju) believes there is still room to further grow Bumiputera companies despite having helped some 1,000 companies to gain sales of up to RM40 billion annually.

Ringgit opens easier versus greenback

By Bernama - Monday, February 20, 2017 - 10:04

KUALA LUMPUR: The ringgit extended last week’s downtrend to open easier against the US dollar, in early trade, dampened by weak interest for the currency, delears said.

Local car parts manufacturers urged to venture into Indonesian market

By Bernama - Sunday, February 19, 2017 - 18:19

JAKARTA: Malaysia External Trade Development Corp (Matrade) has urged Malaysian companies to continue pursuing opportunities to increase exports of car parts into Indonesia.

Proton Iriz enters Indonesia

By Bernama - Saturday, February 18, 2017 - 19:42

KUALA LUMPUR: Proton Holdings Bhd, via its Indonesian unit, PT PROTON Edar Indonesia (PEI), has launched its latest hatchback vehicle, the Proton Iriz in several cities in the republic.

RM expected to trade between 4.44 and 4.45 against USD

By Bernama - Saturday, February 18, 2017 - 14:55

KUALA LUMPUR: The ringgit is expected to trade lower against the US dollar next week, moving between 4.44-4.45, a dealer said.

AirAsia not afraid of competition

By BILQIS BAHARI - Saturday, February 18, 2017 - 11:27

SEPANG: AirAsia Bhd, the world’s top low-cost carrier, is unfazed by the looming fare war among airlines in the second half of this year as it is well prepared to take the fight to Malaysia Airlines Bhd (MAS) and Malindo Air.

Stakeholder's feedback on war against illegal tobacco trade, wanted

By OOI TEE CHING - Friday, February 17, 2017 - 21:21

KUALA LUMPUR: The government is seeking stakeholders’ feedback on the best way to tighten enforcement against illegal distribution of tobacco, said Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong.

Hauliers eye digital commercial fleet upgrade, appeal for gov't grant

By OOI TEE CHING - Friday, February 17, 2017 - 18:36

KUALA LUMPUR: In an effort to raise safety standards in the logistics industry, hauliers are appealing for a government grant worth tens of millions of ringgit for the installation of advanced Global Positioning Systems (GPS) with closed-circuit televisions (CCTVs) in their commercial fleet.

Chatime now called Tealive, says Loob

By Bernama - Friday, February 17, 2017 - 14:51

KUALA LUMPUR: Loob Holdings Sdn Bhd, which owned the Chatime bubble tea franchise here, has rebranded its 161 outlets to ‘Tealive’.

FX trading activity volume improves following central bank measures

By RUPA DAMODARAN - Friday, February 17, 2017 - 13:46

KUALA LUMPUR: The volume of trading activity in the foreign exchange market has improved since the central bank implemented measures last Dec to develop the onshore financial market.

M'sia still most attractive manufacturing market: US Report

By Bernama - Friday, February 17, 2017 - 12:32

KUALA LUMPUR: Malaysia has retained its pole position in the Established Index as the most attractive manufacturing market of choice for future relocation according to a 'Cushman & Wakefield' report.

S. Korea court declares Hanjin Shipping bankrupt

By Reuters - Friday, February 17, 2017 - 11:22

SEOUL: A South Korean court declared Hanjin Shipping Co Ltd bankrupt on Friday, after ruling earlier this month that the firm’s liquidation value would be worth more than its value as a going concern.

Affordable housing the key

By AMIR HISYAM RASID - Friday, February 17, 2017 - 11:01

KUALA LUMPUR: While big property developers are busy building townships beyond the Klang Valley, their “smaller” peers are more aggressive in developing affordable houses in more matured and prime areas in Kuala Lumpur and Selangor.

RM opens at 4.45 against USD

By Bernama - Friday, February 17, 2017 - 09:58

KUALA LUMPUR: The ringgit opened slightly lower versus the US dollar today on lack of demand for the currency ahead of the weekend, a dealer said.

Austria to sue Airbus over alleged Eurofighter fraud

By AFP - Friday, February 17, 2017 - 08:00

VIENNA: Austria’s defence ministry will sue European giant Airbus over alleged corruption and bribery linked to a controversial US$2 billion sale of Eurofighter jets, an official said Thursday.

Bilateral trade deals 'more realistic' option: Mustapa

By RUPA DAMODARAN - Thursday, February 16, 2017 - 19:08

KUALA LUMPUR: In the absence of the Trans Pacific Partnership Agreement, bilateral trade agreements with trading partners would be a ‘doable and more realistic’ option for Malaysia.

TPP members to decide its fate in May - Mustapa

By Bernama - Thursday, February 16, 2017 - 18:16

KUALA LUMPUR: Eleven Trans-Pacific Partnership (TPP) members are expected to decide on the future of the pact in May this year during the Asia-Pacific Economic Cooperation (APEC) trade ministerial meeting in Vietnam.

Palm oil exports to hit RM70bil target, futures prices trading higher

By OOI TEE CHING - Thursday, February 16, 2017 - 16:49

KUALA LUMPUR: Malaysia’s palm oil exports for this year is set to hit the RM70 billion target, made possible with the higher average palm oil prices and sustained global demand for the edible oil.

Winners of JDP contract for KL-Singapore HSR project announced

By BT ONLINE - Thursday, February 16, 2017 - 14:30

KUALA LUMPUR: MyHSR Corp Sdn Bhd and the Land Transport Authority (LTA) of Singapore have awarded the Joint Development Partner (JDP) contract for the Kuala Lumpur-Singapore high speed rail (HSR) project to the consortium of WSP Engineering Malaysia Sdn Bhd, Mott MacDonald Malaysia Sdn Bhd and Ernst

Pulau Batu Puteh: AG expresss confidence in ability of Malaysia's legal team

By FAIRUZ MOHD SHAHAR - Thursday, February 16, 2017 - 13:02

PUTRAJAYA: A legal team of six people, including foreign experts, has been formed to fight Malaysia's case in the Pulau Batu Puteh issue at the International Court of Justice (ICJ).

Collective support needed to make MSPO certification a success, says Mah

By OOI TEE CHING - Thursday, February 16, 2017 - 12:50

PUTRAJAYA: The government is seeking collective support from oil palm planters, millers, refiners and other downstream business owners to mandate the Malaysian Sustainable Palm Oil (MSPO) certification.

PR1MA loan scheme: RM5.7b in loans up for grabs

By NST Business - Thursday, February 16, 2017 - 12:47

KUALA LUMPUR: THE four local banks handling a special 1Malaysia People’s Housing Programme (PR1MA) loan scheme are likely to disburse up to RM5.7 billion to 15,000 first-time house buyers this year, said Kenanga Research in a note yesterday.

I-Berhad records stellar results in fiscal year 2016

By SHAREN KAUR - Thursday, February 16, 2017 - 12:40

KUALA LUMPUR: I-Berhad, which is developing the RM9 billion i-City project in Shah Alam, Selangor posted a pre-tax profit of RM88.2 million for the financial year just ended 31 December 2016, representing 61.9 percent growth over the previous year.

Agrobank here to stay, says CEO Wan Mohd Fadzmi

By LIDIANA ROSLI - Thursday, February 16, 2017 - 12:23

THIS is an excerpt of an exclusive interview with Agrobank president and chief executive officer Datuk Wan Mohd Fadzmi Wan Othman.

Economy grew by 4.5pct in Q4 and 4.2pct in 2016, says BNM

By RUPA DAMODARAN - Thursday, February 16, 2017 - 12:15

KUALA LUMPUR: The Malaysian economy expanded by 4.5 per cent in the fourth quarter of 2016, led by private sector activities.

Felda studying Iris, Encorp investments

By ZAFIRA ANWAR - Thursday, February 16, 2017 - 11:27

PETALING JAYA: Federal Land Development Authority (Felda) is “closely” studying its investments in property developer Encorp Bhd and technology-based Iris Corp Bhd, after selling its stake in Malayan Banking Bhd, said its chairman.