Business

Ekovest upbeat on RM1b revenue

By Farah Adilla - Monday, 26 September 2016.

KUALA LUMPUR: Construction outfit Ekovest Bhd expects to surpass the RM1 billion revenue mark by its financial year ending December 31 next year, driven by strong outstanding order book of RM5.3 billion.

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Robert Kuok's nephew buys 49pct stake in Rolling Stone

By AFP - Monday, September 26, 2016 - 16:38

SINGAPORE: A Singapore firm headed by a scion of one of Asia’s richest families has bought a 49 percent stake in Rolling Stone, with plans to diversify the iconic magazine into new business including live events and merchandising.

Dorsett Putrajaya rings in RM21 million in first-year revenue

By FRANCIS DASS - Monday, September 26, 2016 - 16:15

PUTRAJAYA: Dorsett Putrajaya expects to achieve RM21million in revenue in its first year of operations by year-end.

Budget 2017: Khazanah sees continuation of pro-growth, pro-society focus

By Bernama - Monday, September 26, 2016 - 13:35

KUALA LUMPUR: Khazanah Nasional Bhd sees a continuation of a pro-growth and pro-society focus in the upcoming Budget 2017.

GE targets to be among top 10 software firms

Monday, September 26, 2016 - 11:02

UNITED States multinational conglomerate General Electric Co (GE) aims to be among the top 10 software companies with some US$15 billion (RM62 billion) of revenue by 2020.

LTAT plans more property projects

Monday, September 26, 2016 - 11:01

KUALA LUMPUR: Lembaga Tabung Angkatan Tentera (LTAT) will launch several more property projects to “unlock potential” for its members.

Transforming into digital industrial powerhouse [VIDEO]

Monday, September 26, 2016 - 11:01

EXCERPTS from an exclusive interview with General Electric Co (GE) chairman and chief executive officer (CEO) Jeffrey Immelt.

'TPP pact important for US'

By A jalil hamid and Bilqis Bahari - Monday, September 26, 2016 - 11:01

KUALA LUMPUR: The Trans Pacific Partnership (TPP) agreement is crucial to the United States to forge stronger economic ties with Southeast Asian countries such as Malaysia.

A380 is great for haj and umrah market, says MAS CEO

By BILQIS BAHARI - Monday, September 26, 2016 - 11:00

SEPANG: The super-jumbo Airbus A380 aircraft, which hit turbulence in terms of new orders of late, has a great future in the haj and umrah market, says Malaysia Airlines Bhd (MAS) chief.

Singapore's BandLab to buy 49 pct of Rolling Stone

By Reuters - Monday, September 26, 2016 - 10:53

SINGAPORE: Singapore’s BandLab Technologies will buy 49 percent of Rolling Stone magazine from publisher Wenner Media and plans to expand the business into new markets and boost its profile in Asia, the two companies said in a statement.

Hyundai Motor union stages first full strike in 12 years

By Reuters - Monday, September 26, 2016 - 10:30

SEOUL: Hyundai Motor’s South Korean labour union staged its first full nationwide strike in 12 years on Monday over wages, putting the automaker’s earnings and sales targets at risk.

Ringgit opens lower on weak oil prices

By Bernama - Monday, September 26, 2016 - 10:02

KUALA LUMPUR: The ringgit eased against the US dollar in the early session today, tracking a weaker oil market ahead of the three-day informal meeting of the Organisation of the Petroleum Exporting Countries (OPEC) in Algiers beginning today.

Majority of UK CEOs considering moving operations abroad post-Brexit -survey

By Reuters - Monday, September 26, 2016 - 08:40

LONDON: Three-quarters of British company bosses are considering moving operations abroad following the vote to leave the European Union, according to a survey published on Monday.

(UPDATE) Malaysia amending 18 laws in preparation for TPPA ratification

By AMIR HISYAM RASID - Saturday, September 24, 2016 - 14:56

KUALA LUMPUR: Malaysia will be amending 18 laws in its efforts to implement its Trans-Pacific Partnership Agreement (TPPA) commitment.

'Public, private partnerships with balanced regulation recipe for success'

By ZARINA ZAKARIAH - Saturday, September 24, 2016 - 11:01

KUALA LUMPUR: Public and private partnerships with a rightly balanced regulation is the successful model in cultivating innovations in the financial industry, says World Bank Group finance and markets global practice director Sebastian Molineus.

Financial tech shaking up banking landscape

By ZARINA ZAKARIAH - Saturday, September 24, 2016 - 11:00

KUALA LUMPUR: The banking landscape is set to undergo massive changes as disruptive technology, introduced by fintech companies, challenges the industry’s traditional practices.

Peugeot's maker PSA, Suzuki and Renault keen to partner Proton

By Reuters - Friday, September 23, 2016 - 16:24

KUALA LUMPUR: At least three firms including Peugeot maker PSA have signalled interest in a deal with ailing Malaysian carmaker Proton, people familiar with the matter said, as the faded brand's owner seeks to sell a stake in a company once seen as a symbol of the country's drive to industrialise.

AirAsia wants govt to scrap planned airport tax increase

By BILQIS BAHARI - Friday, September 23, 2016 - 13:30

KUALA LUMPUR: Budget carrier AirAsia Bhd has raised its concerns regarding the passenger service charge (PSC) new rate structure that would be implemented effective January 1 next year.

London's the right place for showcase, says British envoy

By RUPA DAMODARAN - Friday, September 23, 2016 - 11:01

KUALA LUMPUR: British High Commissioner to Malaysia Vicki Treadell is eager about Malaysia’s annual event in central London tomorrow.

Malaysian trade event gets bigger

By RUPA DAMODARAN - Friday, September 23, 2016 - 11:01

LONDON: Malaysia’s seventh annual promotional event, which opens here tomorrow, has a new tagline that showcases not only the country’s gastronomic delights and multicultural fabric but also its strengths.

'CPO prices to stay firm till March'

Friday, September 23, 2016 - 11:01

PANAJI (INDIA): Palm oil prices are expected to remain firm until the end of the first quarter of next year as the El Nino weather pattern would have depleted the inventory, said a senior executive of Sime Darby Bhd yesterday.

Ringgit retreats vs greenback on technical correction

By Bernama - Friday, September 23, 2016 - 10:01

KUALA LUMPUR: A technical correction saw the ringgit retreat versus the US dollar in early trade today after yesterday’s brief gain.

Less proactive new US administration to negatively impact Malaysia

By RUPA DAMODARAN - Friday, September 23, 2016 - 09:14

KUALA LUMPUR: Asia Pacific countries like Malaysia could see an impact, through trade and investment channels, if the US adopts a less proactive foreign engagement approach after their Presidential election.

MAB inks contract with CFM International, MoU with GE

By FAIRUZ MOHD SHAHAR - Thursday, September 22, 2016 - 14:27

PUTRAJAYA: Malaysia Airlines Berhad (MAB) signed a contract with CFM International, and a memorandum of understanding (MoU) with General Electric (GE) today.

Knight Frank rates Malaysia as world's best for real estate investors

By Farah Adilla - Thursday, September 22, 2016 - 14:03

KUALA LUMPUR: Global real estate consultancy Knight Frank has rated Malaysia as offering the best value for money for real estate investors in the world, and the highest yields and least volatility in the market across the Asia-Pacific region.

Major shareholder calls for probe into Multi Sports

By AMIR HISYAM RASID - Thursday, September 22, 2016 - 11:00

KUALA LUMPUR: A major shareholder of Bursa Malaysia-listed Multi Sports Holdings Ltd wants an investigation into the China-based shoe manufacturer’s affairs amid concerns over shrinking share price and failure to submit its accounts on time.

Ringgit surges vs US Dollar as Fed leaves rates unchanged

By Bernama - Thursday, September 22, 2016 - 10:11

KUALA LUMPUR: The ringgit opened higher against the US dollar after the Federal Reserve (Fed) left the US interest rates unchanged at its two-day meeting that ended yesterday, a currency dealer said.

Hanjin Shipping shares rally 28 pct after Korean Air approves lending

By Reuters - Thursday, September 22, 2016 - 09:05

SEOUL: Hanjin Shipping shares surged as much as 28 percent in morning trade on Thursday after the board of Korean Air Lines, its biggest shareholder, approved lending 60 billion won (US$53.96 million) to the troubled container carrier.

Japanese traders cheer central bank policy tweeks

By AFP - Wednesday, September 21, 2016 - 16:25

TOKYO: Tokyo shares shot up and the yen sank after the Bank of Japan tweaked its policy measures Wednesday, as it ramped up its attempts to kickstart inflation.

2017 Budget: Don't expect big giveaways, says UOB Malaysia

By Business Times - Wednesday, September 21, 2016 - 15:25

KUALA LUMPUR: The upcoming 2017 Budget will unlikely have ‘big giveaways’ as the government seeks to maintain fiscal prudence to avoid any risk of sovereign outlook or ratings downgrade, according to United Overseas Bank (Malaysia) Bhd (UOB Malaysia).

EcoWorld's Firsts: Developer launches Eco Bloom in Penang

By Marina Emmanuel - Wednesday, September 21, 2016 - 15:15

GEORGE TOWN: Eco World Development Group Berhad (EcoWorld) is set to launch 4 new projects concurrently nationwide this Sunday under its 'EcoWorld’s Firsts' campaign.