Business

Geely keen to be Proton partner

By ZURAIMI ABDULLAH - Wednesday, 27 July 2016.

MALACCA: China’s Geely Automobile Holdings, owner of Swedish carmaker Volvo Cars Corp, has been identified as one of the global automotive companies that could end up as Proton Holdings Bhd’s strategic partner.

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Renault cuts CEO Ghosn's pay after shareholder revolt

By AFP - Thursday, July 28, 2016 - 10:24

PARIS: French carmaker Renault on Wednesday said it would cut chief executive Carlos Ghosn’s pay after a spat with shareholders that saw the government threaten to change the law.

Ringgit opens higher against US Dollar on mild buying interest

By Bernama - Thursday, July 28, 2016 - 09:47

KUALA LUMPUR: The ringgit rebounded from yesterday’s decline to open higher against the US dollar today on mild buying interest, dealers said.

Sime Darby Ulu Remis mill cleared for operations

By OOI TEE CHING - Wednesday, July 27, 2016 - 22:59

Kuala Lumpur: Sime Darby Plantation Sdn Bhd has resumed operations at its Ulu Remis Palm Oil Mill in Johor.

Govt wants manufacturers to embrace 'fourth industrial revolution'

By OOI TEE CHING - Wednesday, July 27, 2016 - 18:36

KUALA LUMPUR: The government welcomes suggestions concerning tax incentives on how best to facilitate more manufacturers to automate and embrace the fourth industrial revolution, said Second Minister of International Trade and Industry Datuk Seri Ong Ka Chuan.

MAS deal for 50 Boeing B737 MAX could be a 'game-changer'

By BILQIS BAHARI - Wednesday, July 27, 2016 - 15:23

PUTRAJAYA: Malaysia Airlines Bhd (MAS) has announced a deal for 50 Boeing B737 MAX with 25 firm orders and 25 purchase rights worth US$5.5 billion at current list prices.

Malaysia Airlines announces US$5.5b deal for 50 Boeing B737 MAX

By BILQIS BAHARI - Wednesday, July 27, 2016 - 14:10

PUTRAJAYA: Malaysia Airlines Bhd has announced a deal for 50 Boeing B737 MAX with 25 firm orders and 25 purchase rights worth US$5.5 billion at current list prices.

Yen dives on report Japan set to unveil huge stimulus

By AFP - Wednesday, July 27, 2016 - 12:52

TOKYO: The yen fell sharply Wednesday in response to a report that Japan’s government will unveil a massive 27 trillion yen stimulus package to boost the stumbling economy.

Twitter shares dive after update disappoints

By AFP - Wednesday, July 27, 2016 - 11:10

SAN FRANCISCO: Twitter’s shares fell hard Tuesday after its quarterly update showed more losses for the struggling social media platform, which has seen sluggish growth in revenues and active users.

Govt eyes new measures to boost growth

Wednesday, July 27, 2016 - 11:00

KUALA LUMPUR: The government may introduce a stimulus package to bolster the national economy and is looking at specific areas, says Second Finance Minister Datuk Johari Abdul Ghani.

Ringgit opens slightly lower against US Dollar

By Bernama - Wednesday, July 27, 2016 - 10:23

KUALA LUMPUR: The ringgit opened slightly lower against the US dollar today on mild interest in the currency as investors remained cautious over the upcoming US Federal Reserve meeting, dealers said.

LG Display to invest US$1.75 b for flexible OLED screens

By Reuters - Wednesday, July 27, 2016 - 09:10

SEOUL: South Korea’s LG Display Co Ltd said on Wednesday it will invest 1.99 trillion won (US$1.75 billion) to boost capacity for flexible organic light-emitting diode (OLED) displays, its latest attempt to meet growing demand from mobile device makers.

Keeping France lit up even after football fans leave

By NST ONLINE - Wednesday, July 27, 2016 - 09:00

SOME 680,000 homes in Bouchain, northern France, is powered by the world’s most efficient combined-cycle power plant.

Demak to push into emerging economies in Southeast Asia

By Farah Adilla - Tuesday, July 26, 2016 - 18:44

BANTING: DNC Asiatic Holdings Sdn Bhd is using its new RM43 million manufacturing plant in Olak Lempit near Banting as Demak's distribution hub for market expansion into emerging economies in Southeast Asia.

Proton to launch new Persona, Saga and MPV as early as next month

By ZURAIMI ABDULLAH - Tuesday, July 26, 2016 - 15:41

MALACCA: Proton Holdings Bhd will launch three brand new models back-to-back as early as next month as it seeks to bolster sales and arrest declining market share.

Perodua risks being cannibalised, but it's a good thing

By LIDIANA ROSLI - Tuesday, July 26, 2016 - 12:53

PETALING JAYA: Perusahaan Otomobil Kedua Sdn Bhd (Perodua) is at risk of cannibalisation within its own ranks, but this, according to its president and chief executive officer, Datuk Aminar Rashid Salleh is a good thing.

AirAsia surprised with MyCC's appeal to reinstate fines on carriers

By Bernama - Tuesday, July 26, 2016 - 11:27

KUALA LUMPUR: AirAsia Bhd has expressed surprise over the Competition Commission of Malaysia’s (MyCC) decision to appeal to the High Court in Kuala Lumpur to reinstate fines against AirAsia and Malaysia Airlines Bhd (MAS).

Asli CEO: 4.2-4.5pc GDP growth seen in second half

Tuesday, July 26, 2016 - 11:00

KUALA LUMPUR: The economy will be in better shape in the second half of the year and is expected to register a stronger gross domestic product growth of between 4.2 and 4.5 per cent, said Asian Strategy and Leadership Institute (Asli) chief executive officer (CEO) Tan Sri Dr Michael Yeoh.

Ringgit opens lower against US dollar

By Bernama - Tuesday, July 26, 2016 - 10:14

KUALA LUMPUR: The ringgit was lower against the US dollar in early trade today as more investors shifted to safe haven currencies on a bullish outlook over the upcoming US Federal Reserve meeting, said a dealer.

Bursa posts higher total revenue in first half of 2016

By NST ONLINE - Monday, July 25, 2016 - 15:15

KUALA LUMPUR: Bursa Malaysia Bhd posted a higher total revenue of RM263.7 million in the first half of 2016 compared to RM254.1 million registered in the same period last year.

Bank Islam on track to meet all targets this year

By LIDIANA ROSLI - Monday, July 25, 2016 - 15:14

KUALA LUMPUR: Bank Islam Malaysia Bhd is still on track to meet all its targets this year despite the ongoing challenging economic climate, as well as the surprise reduction in the overnight policy rate (OPR) last week.

Economy to register stronger growth in second half of 2016, says ASLI

By FRANCIS DASS - Monday, July 25, 2016 - 14:09

KUALA LUMPUR: The economy will be in better shape in the second half of the year and will register stronger growth, said Asian Strategy & Leadership Institute (ASLI) CEO Tan Sri Dr Michael Yeoh.

Malaysia's timber exports likely to hold up at RM22b

By OOI TEE CHING - Monday, July 25, 2016 - 11:30

KUALA LUMPUR: Malaysia's timber exports are likely to hold up at RM22 billion as global demand remain stable.

GIC Re expects higher global ranking

By RUPA DAMODARAN - Monday, July 25, 2016 - 11:00

KUALA LUMPUR: General Insurance Corp of India (GIC Re) chairman and managing director Alice G. Vaidyan is excited about this year’s edition of Rendez Vous de Septembre international insurance and reinsurance congress in Monte Carlo, Monaco.

Ringgit opens lower against greenback

By Bernama - Monday, July 25, 2016 - 09:48

KUALA LUMPUR: The ringgit opened lower against the greenback today as traders’ risk appetite continued to support the US currency and assets.

Lagarde: unflappable IMF chief who smashed glass ceiling

By AFP - Friday, July 22, 2016 - 19:27

PARIS: Five years ago Christine Lagarde burst through the glass ceiling at one of the world’s leading institutions, becoming the first woman to head the International Monetary Fund.

Ringgit opens lower against Dollar

By Bernama - Friday, July 22, 2016 - 09:56

KUALA LUMPUR: The ringgit opened lower against the US dollar on the last trading day of the week tracking the weaker Bursa Malaysia performance.

Malaysia's external debt to GDP ratio higher than others in region at 66pct: Moody's

By RUPA DAMODARAN - Thursday, July 21, 2016 - 19:34

KUALA LUMPUR: Debt has risen in the Asia Pacific region and emerging markets like Malaysia, Taiwan, Vietnam and Thailand have recorded large increases in debt.

MAHB beefing up security at local and overseas airports

By BILQIS BAHARI - Thursday, July 21, 2016 - 16:49

SEPANG: Malaysia Airports Holdings Bhd (MAHB) is beefing up security in all its airports in Malaysia as well as the Sabiha Gokcęn International Airport (Sabiha Airport) in Istanbul, Turkey.

Hong Leong Assurance bags Domestic Life Insurer of the Year award

By AMIR HISYAM - Thursday, July 21, 2016 - 16:32

KUALA LUMPUR: Hong Leong Assurance has been awarded the Domestic Life Insurer of the Year by Asian Banking and Finance’s inaugural Insurance Asia Awards 2016.

Malindo Air establishes interline partnership with Qatar Airways

By Bernama - Thursday, July 21, 2016 - 15:04

KUALA LUMPUR: Malindo Air has teamed up with Qatar Airways to offer seamless connectivity for passengers when travelling between ASEAN and more than 100 destinations in Qatar Airways’ network.