Petrofac of Britain takes another write-down on gas project

Tuesday, April 21, 2015 - 13:52

LONDON: Britain is not usually considered the wild frontier of the oil industry, but it is proving to be a tough environment for what had been a fast-growing engineering and construction company called Petrofac.

OCBC upbeat on Eurozone Index Beta Fund’s long-term performance

Tuesday, April 21, 2015 - 13:46

KUALA LUMPUR: OCBC Bank (Malaysia) Bhd, the exclusive distributor of the newly-launched series of funds managed by RHB Asset Management Sdn Bhd, is upbeat on the RHB-OSK Eurozone Index Beta Fund’s long-term performance.

Templeton cools on Malaysian shorter sukuk as Zeti rules out cut

Tuesday, April 21, 2015 - 13:44

KUALA LUMPUR: A rally in Malaysia’s two-year Islamic bonds lost its key driver after central bank Governor Tan Sri Zeti Akthar Aziz seemed to rule out an interest-rate cut.

FBM KLCI higher at mid-day

Tuesday, April 21, 2015 - 13:11

KUALA LUMPUR: The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) ended the morning session higher today, supported by gains in selected finance stocks, dealers said.

Sunsuria’s shares rise in early trade

Tuesday, April 21, 2015 - 12:40

KUALA LUMPUR: Sunsuria Bhd’s shares on Bursa Malaysia rose in early trade today on a proposal to acquire the remaining 50 per cent stake in a 133.95-hectare property development project in Sepang.

KL shares remain higher at mid-morning

Tuesday, April 21, 2015 - 12:32

KUALA LUMPUR: The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) remained in positive territory at mid-morning today on continued buying momentum in most heavyweights, dealers said.

KL shares extend gains to open higher

Tuesday, April 21, 2015 - 11:01

KUALA LUMPUR: The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) opened higher today, extending yesterday’s buying momentum, while supported by gains in most heavyweights, dealers said.

Global central bankers don’t see Yuan devaluation on horizon

Monday, April 20, 2015 - 19:46

GLOBAL central bankers don’t expect Chinese officials to devalue their currency as part of a widening campaign to boost output in the world’s

KL shares end mixed

Monday, April 20, 2015 - 17:43

KUALA LUMPUR: Shares on Bursa Malaysia ended mixed today, recouping earlier losses on mild buying interest in selected finance and plantation counters, dealers said.

US rate hike must happen soon to reduce market volatility

Monday, April 20, 2015 - 17:15

KUALA LUMPUR: – Interest rates hike by the United States Federal Reserve (Fed) must happen this year as the uncertainty on the timing of the hike is causing volatility in regional markets.

PR1MA house prices remain unchanged

Monday, April 20, 2015 - 16:00

KUALA LUMPUR: – Perumahan Rakyat 1Malaysia (PR1MA) Bhd has reiterated that its homes have always been priced at between RM100,000 and a maximum of RM400,000.

EPF pulls off best valuation possible for London property

Monday, April 20, 2015 - 15:57

KUALA LUMPUR: The sale of One Sheldon Square in London to British Land, the UK’s largest real estate company, for 210 million pounds (£1 = RM5.39) is the highest price ever fetched for a property in the city’s history, the Employees’ Provident Fund (EPF) said.

Terberg Tractors clinches RM58m Westports contract

Monday, April 20, 2015 - 14:47

KUALA LUMPUR: – Terberg Tractors Malaysia Sdn Bhd (TTM), a joint-venture between Terberg Group and Sime Darby Industrial Sdn Bhd, has won a RM58 million contract from Westports Malaysia Sdn Bhd to supply new terminal tractors.

EPF launches 4 initiatives to improve current pension scheme

Monday, April 20, 2015 - 14:20

KUALA LUMPUR: The Employees Provident Fund (EPF) has launched four initiatives to improve the current scheme, including aligning the full withdrawal age with the minimum retirement age as determined by the government.