Business

Ahmad Jauhari to head MAS until September 2015

By FRANCIS DASS - Monday, 15 September 2014.

KUALA LUMPUR: Malaysia Airlines (MAS) has extended Ahmad Jauhari Yahya’s contract as managing director and group chief executive officer (CEO) for 12 months until September 19 next year.

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Hits two-year low

Tuesday, September 16, 2014 - 00:29

NEW YORK: Brent crude fell below US$97 a barrel yesterday to its lowest in more than two years as lacklustre economic data from China damped prospects for oil demand at a time of abundant supply, while expectations the Federal Reserve will provide new details this week about its plans to raise inter

Klibor futures close unchanged

Tuesday, September 16, 2014 - 00:28

KUALA LUMPUR: The three-month Kuala Lumpur Interbank Offered Rate (KLIBOR) futures contracts ended unchanged yesterday.

KLTM closes unchanged

Tuesday, September 16, 2014 - 00:28

KUALA LUMPUR: The Kuala Lumpur Tin Market (KLTM) closed unchanged yesterday at US$21,100 a tonne despite the rise of the metal’s price on the London Metal Exchange (LME).

Ringgit lower against US$

Tuesday, September 16, 2014 - 00:27

KUALA LUMPUR: The ringgit closed lower against the US dollar yesterday, a dealer said.

Rubber market ends mixed

Tuesday, September 16, 2014 - 00:26

KUALA LUMPUR: Malaysian rubber prices closed mixed yesterday as investors took cue from the price movement on the Tokyo Commodity Exchange and Shanghai Futures Exchange.

Gold futures edge up

Tuesday, September 16, 2014 - 00:26

KUALA LUMPUR: Gold futures contracts on Bursa Malaysia Derivatives edged up to close higher yesterday as the local bourse tumbled, said Phillip Futures Sdn Bhd dealer Ahmad Danial Zainudin.

CPO futures continue uptrend

Tuesday, September 16, 2014 - 00:24

KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives continued last week’s uptrend to close higher yesterday, due to strong export performance as indicated by cargo surveyors.

Malakoff IPO by Q2 next year?

By DHIPA - Tuesday, September 16, 2014 - 00:06

MMC CORP Bhd may list its power unit Malakoff Corp Bhd under a US$1 billion (RM3.2 billion) initial public offering (IPO) by the second quarter of 2015, now that the latter’s finances have bounced back.

Govt initiative to drivee-commerce segment

By LIDIANA ROSLIKUALA - Tuesday, September 16, 2014 - 00:00

THE Multimedia Development Corporation (MDeC) is targeting to make Malaysia the regional hub of e-commerce by 2020, with the launch of the world’s first government-led online sales, the #MYCyberSALE as the first of the many initiatives to come.

Branded content way to effective marketing

Monday, September 15, 2014 - 23:58

KUALA LUMPUR: While traditional advertising remains the foundation of businesses, media owners have started making impressive strides in producing and integrating branded content as a means to improving marketing effectiveness for clients.

Content Malaysia to foster conducive ecosystem for industry

Monday, September 15, 2014 - 23:57

KUALA LUMPUR: Content Malaysia, specifically designed for the Malaysian film, TV and content creation industry, will be held for three days, starting from tomorrow.

OECD slashes growth forecasts

Monday, September 15, 2014 - 23:56

THE OECD slashed its growth forecasts for major developed economies yesterday, urging much more aggressive European Central Bank (ECB) stimulus to ward off the risk of deflation in a subdued eurozone.

Tesco losing its grip on British shoppers?

Monday, September 15, 2014 - 23:54

THETFORD (England): Standing with bags of groceries outside discount store Lidl in Thetford, eastern England, Jodie McGloughlin explains simply why she turned her back on Britain’s biggest retailer — its high prices.

‘Growing foreign fund influence a risk for emerging markets’

Monday, September 15, 2014 - 23:53

LONDON: The global fund management industry is a potential source of risk for emerging markets because of its vast size and herd-like investor behaviour that can exacerbate asset price fluctuations, a Bank for International Settlements (BIS) report said on Sunday.

Call for structured approach

Monday, September 15, 2014 - 23:53

KUALA LUMPUR: The implementation of the Goods and Services Tax (GST) must have a structured and strategic approach to ensure efficiency, said Thailand Ministry of Finance senior expert of tax system development Sumalee Satitchaichareon.

No cause for panic, businesses told

Monday, September 15, 2014 - 23:52

KUALA LUMPUR: Malaysian businesses should not panic in facing the impending “harmless” Goods and Services Tax (GST), said Australian Taxation Office (ATO) GST assistant commisioner Steve Howlin.