Business

Aerospace sector needs more providers of legal services

By BILQIS BAHARI - Monday, 29 August 2016.

KUALA LUMPUR: As Malaysia aspires to become the aerospace hub in Southeast Asia by 2030, industry players see this as an opportunity for local small and medium enterprises as well as established foreign aerospace companies to grow in the sector.

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Malaysian household income improving, says Khazanah research

By ZARINA ZAKARIAH - Monday, August 29, 2016 - 16:54

KUALA LUMPUR: Malaysian households appeared to be doing better in 2014 compared to two years before that, said Khazanah Research Institute managing director Datuk Charon Mokhzani.

CIMB registers increase in net profit for first half of 2016

By LIDIANA ROSLI - Monday, August 29, 2016 - 14:28

KUALA LUMPUR: CIMB Group Holdings Bhd (CIMB Group) has revised its loan growth target this year from the initial 10 per cent to between six to seven per cent.

FGVH registers 34.9 pct increase in net profit for Q2 2016

By Farah Adilla - Monday, August 29, 2016 - 14:01

KUALA LUMPUR: Felda Global Ventures Holdings Bhd (FGV) has registered a 34.9 per cent increase in net profit to RM62.21 million for the second quarter ended June 30, 2016.

UDA settles Tanjung Tokong land issue

By Audrey Dermawan - Monday, August 29, 2016 - 11:01

GEORGE TOWN: Leading property developer UDA Holdings Bhd has resolved all issues with Tanjung Tokong villagers and has begun the groundwork for its mixed-development project here.

Ringgit at 4.04 against USD

By Bernama - Monday, August 29, 2016 - 10:15

KUALA LUMPUR: The ringgit opened lower against the US dollar today on renewed expectations of a US interest rate hike, said a dealer.

Normal to shut, relocate branches: Maybank

By LIDIANA ROSLI - Saturday, August 27, 2016 - 14:04

KUALA LUMPUR: Malayan Banking Bhd (Maybank) has neither denied nor confirmed the validity of a 'leaked' list of 27 Maybank branches supposedly to be closed down.

RM likely to strengthen against USD next week

By Bernama - Saturday, August 27, 2016 - 10:49

KUALA LUMPUR: The ringgit is expected to strengthen against the US dollar next week on the back of a softer greenback and oil price recovery, a dealer said.

GTSB push for YFG board removal

By LIDIANA ROSLI - Friday, August 26, 2016 - 20:54

KUALA LUMPUR: YFG Bhd's substantial shareholder General Technology Sdn Bhd (GTSB), will push for shareholders to vote for the removal of the entire board of directors of YFG, saying the company has deteriorated significantly since the beginning of the year.

PNB declares 6.30 sen dividend payment for ASW 2020

By OOI TEE CHING - Friday, August 26, 2016 - 12:38

KUALA LUMPUR: Amanah Saham Nasional Bhd, a wholly-owned subsidiary of Permodalan Nasional Bhd (PNB), today announced a 6.30 sen dividend for a unit of the Amanah Saham Wawasan 2020 (ASW) for the year ending August 2016.

Malaysia-GCC to expedite FTA framework

By RUPA DAMODARAN - Friday, August 26, 2016 - 12:35

KUALA LUMPUR: Both Malaysia and the Gulf Cooperation Council (GCC) have yet to come up with a framework outlining a free trade agreement says International Trade and Industry Minister Datuk Seri Mustapa Mohamed.

Axiata revises upwards capex to near RM6b

By Farah Adilla - Friday, August 26, 2016 - 11:01

KUALA LUMPUR: Axiata Group Bhd has revised upwards its capital expenditure (capex) for this year to near RM6 billion from RM5.7 billion previously.

Ringgit at 4.01 against USD

By Bernama - Friday, August 26, 2016 - 09:49

KUALA LUMPUR: The ringgit opened unchanged against the US dollar, in early trade, as investors and traders awaited for hints on a potential US interest rate hike, later today.

Lotte Group says vice chairman dies amid criminal probe

By Reuters - Friday, August 26, 2016 - 09:45

SEOUL: A senior executive of South Korea’s Lotte Group has died, the country’s fifth-largest family-run conglomerate said on Friday, amid a sweeping criminal probe into the business.

Maybank Group posts slight decline in net profit for first half of 2016

By LIDIANA ROSLI - Thursday, August 25, 2016 - 16:42

KUALA LUMPUR: Maybank Group recorded a slight decline in its net profit to RM2.59 billion for the first half ended June 30, compared to the same period last year at RM3.28 billion.

Axiata Group posts 12.8 pct rise in revenue for Q2 2016

By Farah Adilla - Thursday, August 25, 2016 - 15:27

KUALA LUMPUR: Axiata Group Bhd’s net profit slumped 69.1 per cent to RM188.93 million in the second quarter ended June 30, 2016 from RM610.76 million recorded a year ago due to a foreign exchange (forex) loss of RM300 million and the additional cost of Ncell Pte Ltd’s acquisition.

RHB Bank positive on prospects

By OOI TEE CHING - Thursday, August 25, 2016 - 11:00

KUALA LUMPUR: RHB Bank Bhd remains confident of its outlook despite a challenging economic landscape due to stronger capitalisation, leaner organisation and greater efficiency.

Ringgit opens higher against US Dollar

By Bernama - Thursday, August 25, 2016 - 09:48

KUALA LUMPUR: The ringgit snapped a three-day losing streak to open higher against the US dollar today, as the market awaits any potential hint on a US interest rate hike tomorrow, a dealer said.

RHB Bank sees 15 pct net profit drop in first half of 2016

By OOI TEE CHING - Wednesday, August 24, 2016 - 19:04

KUALA LUMPUR: RHB Bank Bhd's RM915.1 million net profit in the first half of 2016 fell 15 per cent from RM1.07 billion posted a year ago, dragged by a corporate bond impairment in Singapore, said RHB Banking Group managing director Datuk Khairussaleh Ramli.

CCCC-George Kent JV wins RM1.01b work package for MRT Sungai Buloh-Serdang-Putrajaya Line

By SHAREN KAUR - Wednesday, August 24, 2016 - 14:59

KUALA LUMPUR: Mass Rapid Transit Corp (MRT Corp) Sdn Bhd has awarded a RM1.01 billion work package for the MRT Sungai Buloh-Serdang-Putrajaya (SSP) Line to CCCC-George Kent Joint Venture.

Malaysia has not spent enough on R&D activities: MIDA

By RUPA DAMODARAN - Wednesday, August 24, 2016 - 12:38

KUALA LUMPUR: Malaysia's research and development intensity is relatively low at 1.13 per cent when compared to the top five research-intensive countries, namely South Korea, Israel, Japan, Sweden and Finland.

CPI rose by 1.1 per cent in July

By RUPA DAMODARAN - Wednesday, August 24, 2016 - 12:31

KUALA LUMPUR: The Consumer Price Index rose by 1.1 per cent in July compared to a year ago.

Lamborghini to roll out SUV in 2018, worldwide sales to double by 2019

By Reuters - Wednesday, August 24, 2016 - 09:54

NEW YORK: Luxury automaker Lamborghini expects to at least double production to 7,000 vehicles a year by 2019 once it rolls out a new SUV, but it will not lose its focus on making sports cars, Chief Executive Officer Stefano Domenicali said Tuesday.

Ringgit opens weaker versus greenback

By Bernama - Wednesday, August 24, 2016 - 09:41

KUALA LUMPUR: The ringgit traded lower for the third consecutive day against the US dollar, as the market looked for a clear clue as to the timing of the next rate hike by the US Federal Reserve.

Speedy new Tesla boasts range topping 300 miles

By AFP - Wednesday, August 24, 2016 - 08:58

SAN FRANCISCO: Tesla on Tuesday unveiled speedy new model electric cars capable of traveling more than 300 miles (482 kilometers) before needing to be recharged.

Sime Darby records 13 percent increase in Q4 net profits

By OOI TEE CHING - Tuesday, August 23, 2016 - 21:40

KUALA LUMPUR: Sime Darby Bhd's fourth quarter net profits ended June 2016 rose 13 per cent to RM1.14 billion from RM1.01 billion, a year ago, helped by recognition of an Indonesian special tax incentive.

Citibank debuts Malaysia's first Voice Biometrics technology

By LIDIANA ROSLI - Tuesday, August 23, 2016 - 17:53

KUALA LUMPUR: Citibank Bhd (Citi Malaysia) today becomes the first financial institution in Malaysia to roll out the Voice Biometrics technology, to replace the current system that involves remembering multiple personal identification number (PINs) and personal questions.

International companies showing interest in Johor Halal Park, says UJP chief

By Rizalman Hammim - Tuesday, August 23, 2016 - 17:40

JOHOR BARU: More foreign multinational corporations, especially from Singapore, are expected to invest at the Johor Halal Park (JHP) over the next one or two years.

Proton launches new Persona with the young and trendy in mind

By CHERYL YVONNE ACHU - Tuesday, August 23, 2016 - 14:33

SHAH ALAM: Proton Holdings Bhd today unveiled an all-new B-segment car, Proton Persona, with prices starting between RM46,800 and RM59,800.

Mustapa: Business as usual for Malaysia-Britain ties despite Brexit

By RUPA DAMODARAN - Tuesday, August 23, 2016 - 13:02

KUALA LUMPUR: The dust from Britain's historic decision to leave the European Union, or Brexit, is settling down and Malaysia remains keen to cement ties.