Business

Malaysia jumps to No. 5

By RUPA - Sunday, 23 November 2014.

SMART STRATEGIES: Country improves from 20th place over past decade

Latest

UPB pre-tax profit up 52.5pc in Q3

Monday, November 24, 2014 - 18:24

KUALA LUMPUR: United Plantations Bhd registered a 52.5 per cent higher pre-tax profit of RM96.11 million for the third quarter ended September 30, 2014 from RM63.66 million recorded in the same period last year.

WCT’s Q3 pre-tax profit falls to RM32.37 mil

Monday, November 24, 2014 - 18:16

KUALA LUMPUR: WCT Holdings Bhd's pre-tax profit for the third quarter ended Sept 30, 2014 fell to RM32.37 million from RM59.89 million in the same period last year.

KL shares close higher on buying interest in blue-chips

Monday, November 24, 2014 - 18:13

KUALA LUMPUR: Share prices on Bursa Malaysia closed higher today on buying interest in blue-chips and heavyweights, led by TNB, dealers said.

TPP cost-benefit study covers all SMEs

Monday, November 24, 2014 - 18:06

KUALA LUMPUR: Deputy Minister of International Trade and Industry, Datuk Hamim Samuri, has denied that the government only studied the impact of the Trans-Pacific Partnership (TPP) agreement on bumiputera small and medium enterprises (SMEs).

Ringgit advances for 2nd day on fuel subsidy removal plan

Monday, November 24, 2014 - 17:53

The ringgit gained for a second day on optimism Malaysia’s plan to abolish energy subsidies will help shore up public finances.

Ringgit closes higher against US dollar

Monday, November 24, 2014 - 17:44

KUALA LUMPUR: The ringgit closed higher against the US dollar today on persistent buying support for the local unit, dealers said.

Petronas achieves historic F1 win with Team Mercedes AMG

Monday, November 24, 2014 - 17:42

KUALA LUMPUR: Petronas has made a historic stride as technical partner and fuel formula producer to Team Mercedes AMG Petronas when the team emerged as champion in the 2014 FIA Formula 1 World Constructors category.

Rubber market ends lower

Monday, November 24, 2014 - 17:38

KUALA LUMPUR: The Malaysian Rubber market closed lower today due to a stronger ringgit against the US dollar, a dealer said.

EPF’s Q3 investment income rises to RM10.32 bil

Monday, November 24, 2014 - 17:35

KUALA LUMPUR: The Employees Provident Fund (EPF) registered RM205.58 million higher investment income to RM10.32 billion for the third quarter ended September 30, 2014 from RM10.11 billion in the same period last year.

Fuel subsidy removal will not have inflationary consequences

Monday, November 24, 2014 - 17:21

KUALA LUMPUR: The removal of subsidies for RON95 petrol and diesel will not have any inflationary consequences to the country's economy as global crude oil prices are softening, says Bank Negara Malaysia (BNM) Governor, Tan Sri Dr Zeti Akhtar Aziz.

E.A. Technique upbeat on prospects of oil and gas

Monday, November 24, 2014 - 17:12

KUALA LUMPUR: EA Technique (M) Bhd which aims to raise RM74.1 million from its initial public offering is upbeat on the prospects of its oil and gas- (O&G) related businesses despite global oil price concern, said managing director Datuk Abdul Hak Md Amin.

TSR to submit 2nd proposal on RMAF base development

Monday, November 24, 2014 - 16:22

KUALA LUMPUR: Construction-based TSR Capital Bhd is in the midst of submitting a second proposal to the Federal Government on the proposed relocation and reconstruction of a new Royal Malaysian Air Force (RMAF) base in Butterworth, Penang.

Might, MBIC to expand biomass pallet industry

Monday, November 24, 2014 - 16:16

KUALA LUMPUR: The Malaysian Industry-Government Group for High Technology (Might) teamed up with Malaysia Biomass Industries Confederation (MBIC) to organise the first stakeholders’ engagement session, towards expanding the local biomass pallet industry.

Langat 2 water treatment plant 15pc completed

Monday, November 24, 2014 - 16:01

KUALA LUMPUR: Construction of the Langat 2 Water Treatment Plant (LRAL2) project has reached 15 percent and is expected to be completed on April 30, 2017, Parliament was told today.

KL shares higher mid-afternoon

Monday, November 24, 2014 - 15:57

KUALA LUMPUR: The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was higher at mid-afternoon today, lifted by buying in selected blue-chips and key heavyweights.

Axiata’s Q3 pre-tax profit falls to RM747.19 mil

Monday, November 24, 2014 - 15:27

KUALA LUMPUR: Axiata Group Bhd recorded a lower pre-tax profit of RM747.19 million for the third quarter (Q3) ended September 30, 2014, compared with RM918.06 million in the same quarter last year.