Business

Crowdfunding gains more traction

By FOO EU - Saturday, 20 September 2014.

CROWDFUNDING, which has taken the entrepreneurial financing world by storm, is closer to be legally introduced here with the Securities Commission Malaysia (SC) finalising its regulatory framework.

Latest

Oil steadies near US$98

Saturday, September 20, 2014 - 00:34

LONDON: Brent crude oil steadied below US$98 a barrel yesterday, not far above 26-month lows reached at the start of the week as Opec talk of a production cut balanced worries about ample supply at a time of fragile demand.

Klibor futures end untraded

Saturday, September 20, 2014 - 00:33

KUALA LUMPUR: The three-month Kuala Lumpur Interbank Offered Rate (Klibor) futures contract ended untraded yesterday.

KLTM closes unchanged

Saturday, September 20, 2014 - 00:32

KUALA LUMPUR: The Kuala Lumpur Tin Market (KLTM) closed unchanged at US$21,150 a tonne yesterday, even though the metal’s price on the London Metal Exchange (LME) rose by US$100 to US$21,250 a tonne.

Ringgit slips against US$

Saturday, September 20, 2014 - 00:32

KUALA LUMPUR: The ringgit closed lower against the US dollar yesterday as investors shifted their interest to the greenback.

Rubber market marginally lower

Saturday, September 20, 2014 - 00:31

KUALA LUMPUR: Malaysian rubber prices closed marginally lower yesterday, although the weakening of the ringgit against the US dollar helped cushion the decline.

Gold futures fall

Saturday, September 20, 2014 - 00:31

KUALA LUMPUR: Gold futures contracts on Bursa Malaysia Derivatives fell for the fourth day yesterday as investors shifted to the equity market.

Maybank’s Philippines unit in M&A talks

Saturday, September 20, 2014 - 00:30

MANILA: The Philippines unit of Malaysia’s largest bank, Malayan Banking Bhd, is holding preliminary talks with merger and acquisition (M&A) targets to expand its domestic business, particularly consumer lending, its top official said.

CPO futures fall on weak demand

Saturday, September 20, 2014 - 00:29

KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed lower yesterday due to weak buying interest for the commodity.

Astro Q2 net profit jumps to RM137.7m

Saturday, September 20, 2014 - 00:25

ASTRO Malaysia Holdings Bhd’s net profit for the second quarter ended July 2014 rose 39.3 per cent to RM137.7 million from RM98.83 million a year ago, thanks to higher average revenue per user (ARPU) and lower financing cost.

KTB plans to raise RM60.42m via rights issue

Saturday, September 20, 2014 - 00:24

KUALA LUMPUR: Bus operator Konsortium Transnasional Bhd (KTB), which is controlled by Tan Sri Mohd Nadzmi Mohd Salleh, plans to raise RM60.42 million by issuing 604.2 million renounceable rights shares on the entitlement of three rights shares for every two existing shares.

Maybank Islamic sees OPR hike this year

By MUHAMMED AHMAD HAMDAN - Saturday, September 20, 2014 - 00:24

KUALA LUMPUR: Maybank Islamic Bhd expects Bank Negara Malaysia to raise the Overnight Policy Rate (OPR) by 25 basis points this year despite mixed market expectations.

Sunway plans to list construction division

Saturday, September 20, 2014 - 00:22

SUNWAY Bhd has proposed to list its construction division, which is currently held under its indirect wholly-owned subsidiary, Sunway Construction Sdn Bhd (SunCon), on the Main Market of Bursa Malaysia Securities Bhd.

Give local contractors more opportunities, says Dr M

By CHERYL YVONNE ACHU - Saturday, September 20, 2014 - 00:22

KUALA LUMPUR: Former prime minister Tun Dr Mahathir Mohamad says local contractors should be given more opportunities to undertake construction jobs in the country as well as abroad.

Record 3,000 companies registered for GST on Thurs

Saturday, September 20, 2014 - 00:21

KUALA LUMPUR: A record high of 3,000 companies registered for Goods and Services Tax (GST) on Thursday. 

Two firms removed from MyETF list

Saturday, September 20, 2014 - 00:20

KUALA LUMPUR: Time Dotcom Bhd and United Plantations Bhd have been removed from the “MYETF Dow Jones Islamic Market Malaysia Titans 25” list. The two companies were replaced by newcomers — IOI Properties Group Bhd and Westport Holdings Bhd.

Affin arm buys entire stake in AIIM

Saturday, September 20, 2014 - 00:20

KUALA LUMPUR: Affin Holdings Bhd’s unit, Affin Hwang Asset Management Bhd (Affin Hwang AM), is acquiring a 51 per cent equity in Asian Islamic Investment Management Sdn Bhd (AIIM) from Nikko Asset Management Asia Ltd for RM11.73 million cash.