Business

Central banks brace for shocks

By RUPA DAMODARAN - Tuesday, 28 June 2016.

KUALA LUMPUR: Bank Negara Malaysia and other Asian central banks will likely turn to their monetary policy tool to stimulate economic growth in the face of rising downside risks from Brexit.

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Maybank sets RM10mil for waqf fund

By LIDIANA ROSLI - Tuesday, June 28, 2016 - 18:25

KUALA LUMPUR: Maybank Islamic Bhd aims to contribute up to RM10 million in its debut waqf fund, which is also a collaboration with the Perak Religious Council (MAIP) via the Waqf Perak Ar-Ridzuan (WPAR).

Odds to cut OPR have risen: UOB

By RUPA DAMODARAN - Tuesday, June 28, 2016 - 15:09

KUALA LUMPUR: The odds for Bank Negara Malaysia to ease its monetary policy have increased following the near-term risks from United Kingdom's exit from the European Union, says UOB Bank.

Eco World acquires Batu Kawan land for development

By NST Business - Tuesday, June 28, 2016 - 15:01

KUALA LUMPUR: Eco World Development Group Bhd has reaffirmed its commitment to the Penang market with the acquisition of two parcels of land measuring 374.5 acres in Batu Kawan, Penang for RM875.24 million.

Panasonic Group ink deal with Tropicana Corp to build eco-homes

By SHAREN KAUR - Tuesday, June 28, 2016 - 12:04

PETALING JAYA: Panasonic Group today inked a strategic collaboration with Tropicana Corp Bhd to build houses in Tropicana Aman, a new township development in Kota Kemuning, Shah Alam.

Bursa Malaysia, ringgit fall amid uncertainty

Tuesday, June 28, 2016 - 11:01

KUALA LUMPUR: Bursa Malaysia slipped 0.27 per cent while the ringgit eased 0.16 per cent against the US dollar yesterday as uncertainty looms over Britain’s move to leave the European Union.

Malaysia to monitor impact in next 2 years

By BILQIS BAHARI - Tuesday, June 28, 2016 - 11:00

KUALA LUMPUR: Malaysia will monitor the unfolding events in the next two years as Britain heads out of the European Union (EU).

Ringgit opens at 4.1 against US Dollar

By Bernama - Tuesday, June 28, 2016 - 09:58

KUALA LUMPUR: The ringgit opened lower against the US dollar today as uncertainty in the post-Brexit era prompted speculation that regional central banks may cut interest rates, dealers said.

Kelana Jaya, Ampang LRT line to see total additional 300k riders daily

By FRANCIS DASS - Monday, June 27, 2016 - 16:41

PUTRA HEIGHTS: Prasarana Malaysia Bhd has kept within the RM8 billion budget for construction and completion of its Kelana Jaya and Ampang LRT line extension project.

ASNB announces 6.30 sen income distributions for ASD, 3.45 sen for ASN 2

By Bernama - Monday, June 27, 2016 - 15:03

KUALA LUMPUR: Amanah Saham Nasional Bhd (ASNB), a wholly-owned unit of Permodalan Nasional Bhd (PNB), has announced income distributions of 6.30 sen per unit for Amanah Saham Didik (ASD) and 3.45 sen per unit for Amanah Saham Nasional 2 (ASN 2), for financial year ending June 30, 2016.

Malaysia not expecting post-Brexit turmoil

By BILQIS BAHARI - Monday, June 27, 2016 - 12:57

KUALA LUMPUR: Malaysia is not expecting any major turmoil in terms of trade and investment over the next few days in the wake of Britain voting out of the European Union (EU) last week.

Fusionex Analytics (GIANT) charts record high in customer wins

By NST ONLINE - Monday, June 27, 2016 - 12:17

KUALA LUMPUR: Fusionex, a multi-award-winning, leading software solutions provider specializing in Analytics, Big Data, and the Internet of Things (IoT), has built up an impressive customer base and is showing no signs of slowing down.

Sunzen Biotech bullish on new market prospects

By SHAREN KAUR - Monday, June 27, 2016 - 11:00

PETALING JAYA: Animal health specialist Sunzen Biotech Bhd is eyeing new markets, such as the United States and Iran, for expansion this year and is bullish on the prospects.

Ringgit opens weaker against US dollar

By Bernama - Monday, June 27, 2016 - 09:50

KUALA LUMPUR: The ringgit continued to open easier against the US dollar today following the surprise vote by Britain to exit the European Union (EU), dealers said.

Petronas receives tallest, heaviest fractionator process column in Malaysia

By Bernama - Sunday, June 26, 2016 - 16:18

KUALA LUMPUR: Petronas has received the tallest and heaviest propylene fractionator process column in Malaysia for the steam cracker facility located within its Pengerang Integrated Complex (PIC) in Pengerang, Johor.

George Soros says 'Brexit' means 'disintegration' of EU

By Reuters - Sunday, June 26, 2016 - 10:40

Billionaire investor George Soros said on Saturday that Britain’s vote to leave the European Union makes “disintegration of the EU practically irreversible,” and that the effects of Thursday’s referendum will likely damage Britain.

French, German business groups urge EU to 'reunite' after Brexit

By AFP - Sunday, June 26, 2016 - 09:05

PARIS: Business groups in France and Germany on Sunday said EU nations should respond to Britain’s decision to quit the bloc by working even more closely together to limit the “turbulence” caused by the Brexit shock.

Ringgit to decline to 4.15 versus US dollar next week

By Bernama - Saturday, June 25, 2016 - 13:26

KUALA LUMPUR: The ringgit is likely experience further correction next week to RM4.15 per US dollar following the shocking referendum by Britain to exit the European Union (EU).

Joint efforts result in Malaysia's first Tension Leg Platform

Saturday, June 25, 2016 - 11:01

KUALA LUMPUR: Malaysia’s first Tension Leg Platform (TLP), which was completed in April, is a result of a collaboration among major oil players — a signal that joint efforts are needed to remain sustainable during the “lower for longer” period.

Brexit: IMF urges 'smooth transition' to a new economic relationship

By AFP - Friday, June 24, 2016 - 22:30

WASHINGTON: IMF chief Christine Lagarde called on Britain and Europe on Friday to work together to ensure that Britain’s pullout from the European Union will take place smoothly.

G7 warns of 'adverse implications' from Brexit-linked market volatility

By AFP - Friday, June 24, 2016 - 22:06

TOKYO: Finance ministers and top central bankers from the Group of Seven warned that Britain’s vote to quit the European Union could have “adverse implications“, after the pound dived to three-decade lows and equity markets flew into a tailspin.

Malaysia will explore bilateral FTA with the UK: Mustapa

By RUPA DAMODARAN - Friday, June 24, 2016 - 19:39

KUALA LUMPUR: Malaysia will explore the possibility of having a bilateral free trade agreement with the United Kingdom said International Trade and Industry Minister Datuk Seri Mustapa Mohamed.

Bank of England to take to 'all necessary steps'

By AFP - Friday, June 24, 2016 - 14:41

LONDON: The Bank of England will take “all necessary steps” to ensure monetary and financial stability after Britain’s decision to leave the European Union, it said Friday.

Britain votes to leave EU, unleashing global turmoil

By Reuters - Friday, June 24, 2016 - 13:54

LONDON: Britain has voted to leave the European Union, results from Thursday’s landmark referendum showed, a stunning repudiation of the nation’s elites that deals the biggest blow to the European project of greater unity since World War Two.

Kelington Group expects better financial year for 2016

By Farah Adilla - Friday, June 24, 2016 - 11:54

PETALING JAYA: Kelington Group Bhd expects a better financial year for 2016 on the back of its strong outstanding orderbook of RM250 million.

Pound collapses to lowest since 1985 on Brexit shock: Bloomberg

By AFP - Friday, June 24, 2016 - 11:50

TOKYO: The pound collapsed to its lowest level since 1985 as the unit takes a beating on fears that Britain will vote to leave the European Union, in what critics warned would be a hammer blow to financial markets.

KLM adds three more flights a week from KL to Amsterdam

By BILQIS BAHARI - Friday, June 24, 2016 - 11:32

SEPANG: KLM Royal Dutch Airlines has added three weekly flights from Kuala Lumpur (KL) to Amsterdam, bringing it to a total of 10 flights a week.

'Low foreign liquidity overhang'

By AMIR HISYAM RASID - Friday, June 24, 2016 - 11:03

KUALA LUMPUR: There is no pressing need for Bursa Malaysia to raise the amount of cash firms must pledge to cover trading positions amid concerns over market volatility linked to Britain’s vote on whether to exit the European Union.

Top developers hit by weak mart

By CHERYL YVONNE ACHU - Friday, June 24, 2016 - 11:00

KUALA LUMPUR: The country’s leading listed property companies have seen their sales retreat from the peak in 2013, falling at double-digit rates in 2014 and last year, said RAM Rating Services Bhd.

Showdown talks soon between MAHB, MOT and AirAsia

By BILQIS BAHARI - Friday, June 24, 2016 - 09:58

SEPANG: Showdown talks are expected to be held soon between Malaysia Airports Holdings Bhd (MAHB), the Transport Ministry and AirAsia Bhd over the issue of Kuala Lumpur International Airport 2 (klia2).