Business

Mega solar power plan

By ZAIDI ISHAM - Thursday, 25 December 2014.

JAPAN’S Panasonic Corp may build a mega solar power plant in the Northern Corridor Economic Region (NCER) that will match the country’s largest solar farm planned by 1Malaysia Development Bhd (1MDB) in Kedah.

Latest

Brahim’s revising deal with Khazanah?

By SHAREN KAUR - Thursday, December 25, 2014 - 00:11

KUALA LUMPUR: Brahim’s Holdings Bhd is renegotiating its RM6.25 billion in-flight catering contract with Khazanah Nasional Bhd and hopes to agree on certain conditions soon that will not put a dent on its earnings, sources close to the company said.

Bursa rally fizzles out on Xmas eve

By ZARINA ZAKARIAHKUALA LUMPUR - Thursday, December 25, 2014 - 00:04

BURSA Malaysia was subdued a day before Christmas after its rallies since last Wednesday, hitting a low of 16 points before closing marginally higher at 1,749.74 points.

Palm oil Dec output set to fall

Thursday, December 25, 2014 - 00:02

KUALA LUMPUR: Palm oil output in Malaysia, the biggest producer after Indonesia, will probably drop the most in 10 months in December amid a seasonal decline in yields. Prices climbed to the highest in almost a month.

Ekuinas: No plans to unload Icon stake

By HAMISAH HAMID - Thursday, December 25, 2014 - 00:02

KUALA LUMPUR: Ekuiti Nasional Bhd (Ekuinas) is not planning to sell its 42.3 per cent stake in oil and gas services provider Icon Offshore Bhd any time soon.

More Singaporeans visit Johor on stronger S$

By SIM BAK HENG JOHOR BARU - Wednesday, December 24, 2014 - 23:58

SINGAPOREANS are riding on strong Singapore dollar against the ringgit, and coming back to spend in Malaysia.

Businesses upbeat on 2015 outlook

Wednesday, December 24, 2014 - 23:57

KUALA LUMPUR: The outlook remains optimistic in Malaysia’s commerce landscape next year, even with the impending implementation of Goods and Services Tax (GST) and an expected inflation, according to the Malaysian Business Sentiment Survey 2014/ 2015.

Multiple awards reaffirm Maybank Kim Eng position

Wednesday, December 24, 2014 - 23:56

KUALA LUMPUR: Maybank Kim Eng, a fully owned investment banking arm of Malayan Banking Bhd (Maybank), reaffirms its regional strength by winning multiple awards.

KPF aborts plan to buy hypermarket

Wednesday, December 24, 2014 - 23:56

KUALA LUMPUR: Koperasi Permodalan Felda (KPF) has aborted its proposed acquisition of a hypermarket-cum-retail centre in Kota Kinabalu for RM260 million from Permaju Industries Bhd.

Bursa publicly reprimands Komarkcorp

Wednesday, December 24, 2014 - 23:55

KUALA LUMPUR: Bursa Malaysia has publicly reprimanded Komarkcorp Bhd for its inaccurate financial reporting for the fourth quarter ended April 30 2013. The company had breached Bursa Malaysia’s listing requirements, said the stock exchange.

Mitrajaya bags Bank Negara contract

Wednesday, December 24, 2014 - 23:55

KUALA LUMPUR: Mitrajaya Holdings Bhd has won a RM186.84 million contract from Bank Negara Malaysia. The company will design, build, commission and complete the central bank’s business operation complex, here. The contract is due to start on January 2 2015 and be completed by March 31 2016.

Benton buys land from Alphaprise

Wednesday, December 24, 2014 - 23:55

KUALA LUMPUR: Engtex Group Bhd’s unit, Benton Corp Sdn Bhd, is buying four pieces of vacant land in North Port Klang from Alphaprise Sdn Bhd for RM25.99 million.

Ar-Rahnu funding for co-ops

By NUR HANINI MOHD HANIFKUALA - Wednesday, December 24, 2014 - 23:54

BANK Rakyat is targeting to disburse RM150 million financing to cooperatives that operate the Ar-Rahnu X’Change business, through its latest scheme Ar-Rahnu Flexi, next year.

China highways bleeding money despite high tolls

Wednesday, December 24, 2014 - 23:52

CHINA is losing more than US$10 billion (RM35 billion) a year from its expressways, state media reported yesterday, despite levying hefty tolls on the world’s largest highway network.

Rupee seen winning as oil glut roils India’s peers

Wednesday, December 24, 2014 - 23:51

MUMBAI: India’s rupee, falling along with the rest of emerging-market currencies as crude oil slides, is poised to advance next year owing to the nation’s status as a net importer.

Yinson valuations remain lofty, says RHB Research

Wednesday, December 24, 2014 - 23:51

RHB Research Institute has maintained its “neutral” call on Yinson Holdings Bhd, despite the company’s core profit for the nine months ended October 31 2014 surpassing expectations.

Huawei’s Honor hit 20m sales in one year

Wednesday, December 24, 2014 - 23:51

BEIJING: China’s Huawei Technologies Co Ltd has taken sales of its low-price Honor brand of smartphones to 20 million from one million in just one year, hitting pay dirt with the disruptive online-only strategy it copied from smaller upstart Xiaomi Inc.