KUALA LUMPUR: The current 1Malaysia Development Bhd’s (1MDB) position does not indicate distress among government-linked companies in Malaysia, said Moody’s.
Kuala Lumpur: Genting Plantations Bhd will open the second premium outlet in Malaysia, offering discounts of up to 65 per cent on branded goods.
KUALA LUMPUR: The FTSE Bursa Malaysia KLCI futures contract (FKLI) on Bursa Malaysia Derivatives opened lower today on weak buying as investors tracked the underlying cash market’s performance.
KUALA LUMPUR: Dutch Lady Milk Industries Bhd’s share fell 3.85 per cent or RM1.80 in the early session on weaker-than-expected results for the first quarter ended March 31, 2015.
KUALA LUMPUR: The three-month Kuala Lumpur Interbank Offered Rate (KLIBOR) futures contract on Bursa Malaysia Derivatives was untraded as at 10am.
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.
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.
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.
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.
LONDON: The euro slid Tuesday and European stock markets struggled on concerns over Greece’s ability to meet looming repayment deadlines, dealers said.
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 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.
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.
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.
KUALA LUMPUR: Al Rajhi Bank has launched a new medical plan, i-Medic, offering affordable and comprehensive medical and hospitalisation coverage.