Business

Banks' profit margins expected to improve with leaner ops

By NST Business - Monday, 27 February 2017.

KUALA LUMPUR: The profit margins of banks are set to improve on the back of prudent spending measures, lower loan-loss provisions and better net interest spread, said analysts.

Latest

Sime Darby Q2 net profits more than double previous year's

By OOI TEE CHING - Monday, February 27, 2017 - 21:33

KUALA LUMPUR: Sime Darby Bhd's second quarter net profits, ended Dec 31 2016, more than doubled to RM644 million from RM285 million a year ago, thanks to higher palm oil prices and improvement in fruit harvests.

Malaysia-Saudi MoU on trade and investment to lead to diversification of imports, exports

By NST TEAM - Monday, February 27, 2017 - 18:07

PUTRAJAYA: Malaysia and Saudi Arabia today signed a Memorandum of Understanding (MoU) in the field of trade and investment to promote cooperation.

Titijaya Land and CREC tie up for KK's The Shore

By Kristy Inus - Monday, February 27, 2017 - 17:45

KOTA KINABALU: Leading property developer Titijaya Land Bhd and Chinese entity China Railway Engineering Corporation (CREC) Development (M) Sdn Bhd will collaborate on 'The Shore', marking their first joint-project in east Malaysia.

Tighter check-and-balance mechanism underway for MSPO certification: Mah

By OOI TEE CHING - Monday, February 27, 2017 - 15:27

SERI KEMBANGAN: The Malaysian Sustainable Palm Oil (MSPO) certification, which confirms development of oil palm cultivation that balances the needs of 'People, Profits and Planet', will have tighter check-and-balance mechanisms to better reflect integrity.

Sime Darby's net profit rises to RM1.09b in first six month of last year

By NST Business - Monday, February 27, 2017 - 15:00

KUALA LUMPUR: Sime Darby Bhd’s net profit jumped 78.5 per cent to RM1.09 billion in the first six months ended Dec 31 2016 from RM609 million a year ago.

Flying the Asean dream: AirAsia to start ball rolling with dual listing

By BILQIS BAHARI - Monday, February 27, 2017 - 13:46

KUALA LUMPUR: AirAsia Group, the world’s top low-cost airline, is planning a series of initial public offerings (IPOs) for its affiliates, starting with the dual listing of AirAsia Bhd in either Hong Kong or New York.

New gauge to measure productivity level expected in 3 years

By RUPA DAMODARAN - Monday, February 27, 2017 - 13:45

TOKYO: Current measures used to gauge productivity levels may not be applicable any more and will need to be replaced with those that also incorporate artificial intelligence (AI).

Matrix in hospital tie-up with Taiwan's Changhua

By ZAIDI ISHAM ISMAIL - Monday, February 27, 2017 - 11:28

SEREMBAN: Matrix Concepts Holdings Bhd, which is the master developer of Bandar Sri Sendayan, Negri Sembilan, will partner Taiwan’s Changhua Christian Hospital group to build a RM200 million hospital in the township.

Ringgit opens lower against US dollar

By Bernama - Monday, February 27, 2017 - 09:51

KUALA LUMPUR: The ringgit opened lower this morning on lack of demand and cheaper crude oil prices, dealers said.

MPOB to take proactive measure to expand market share of palm oil

By Bernama - Sunday, February 26, 2017 - 21:29

JASIN: The Malaysian Palm Oil Board (MPOB) will carry out additional proactive measures to boost the palm oil industry as well as spurn the negative perception of the commodity by the people around the world.

RHB aims to boost retail, SME segments, trim corporate loan exposure

By LIDIANA ROSLI - Saturday, February 25, 2017 - 13:08

KUALA LUMPUR: RHB Bank Bhd aims to trim its corporate loans exposure to 25 per cent by 2020 to improve the sustainability for its retail and small and medium enterprises (SME) segments.

RM expected to trade between 4.42 and 4.43 against USD next week

By Bernama - Saturday, February 25, 2017 - 11:35

KUALA LUMPUR: The ringgit is expected to trade higher, averaging between 4.42 and 4.43 next week, supported by expectations that the US Federal Reserve will not raise interest rates next month.

Grace Yeoh appointed to Bursa Malaysia board of directors

By NST Business - Friday, February 24, 2017 - 23:08

KUALA LUMPUR: Bursa Malaysia Bhd today announced the appointment of Datin Grace Yeoh Cheng Geok as the Independent Non-Executive Director to its Board of Directors lineup, effective February 24, 2017.

Scomi records RM6.17m net loss

By ZARINA ZAKARIAH - Friday, February 24, 2017 - 20:22

KUALA LUMPUR: Scomi Group Bhd has recorded its third consecutive quarter in the red, with a net loss of RM6.17 million for the quarter ended December 31, 2017 on falling revenue and profit.

Gov't assures implementation of MSPO certification practical, financial aid for smallholders

By OOI TEE CHING - Friday, February 24, 2017 - 20:02

PUTRAJAYA: Financial aid is being prepared for smallholders by June 2017 to push for the implementation of the government-driven Malaysian Sustainable Palm Oil (MSPO) certification.

RHB reports increase in 2016 financial year net profits

By LIDIANA ROSLI - Friday, February 24, 2017 - 15:28

KUALA LUMPUR: RHB Bank Bhd reported an increase of one per cent for its 2016 financial year net profits to RM1.68 billion.

Maybank Q4 net profit surges 43pc

By LIDIANA ROSLI - Friday, February 24, 2017 - 14:53

KUALA LUMPUR: MALAYAN Banking Bhd’s (Maybank) solid performance in the fourth quarter (Q4) ended December 31 last year suggests the worst is over and that it is heading for a rosy year.

Axiata posts lower profit of RM564m

By FRANCIS DASS - Friday, February 24, 2017 - 14:43

KUALA LUMPUR: AXIATA Group Bhd’s net profit dropped 77 per cent to RM564 million for the financial year ended December 31 2016 from RM2.55 billion previously. This is despite the group posting a record RM21.56 billion revenue, a growth of 8.4 per cent from RM19.8 billion in 2015.

RHB Islamic, Teraju, embark on entrepreneurial development programme

By LIDIANA ROSLI - Friday, February 24, 2017 - 13:11

PETALING JAYA: RHB Islamic Bhd marks another milestone in its ongoing collaboration with Unit Peneraju Agenda Bumiputera (Teraju) by signing a memorandum of understanding (MoU) with the latter's unit under purview, Institut Keusahawanan Negara (INSKEN).

Samsung Malaysia links up with local banks for 'Samsung Pay'

By Farah Adilla - Friday, February 24, 2017 - 13:09

KUALA LUMPUR: Samsung Malaysia Electronics today announced its partnership with several local banks as part of its Samsung Pay ecosystem in Malaysia.

Ringgit firmer versus greenback in early trade

By Bernama - Friday, February 24, 2017 - 10:13

KUALA LUMPUR: The ringgit extended yesterday’s gains to open firmer this morning as sentiment was positively influenced by the possible US interest rate hike soon, dealers said.

Strategies help sustain Media Prima growth

By NST Business - Thursday, February 23, 2017 - 23:55

KUALA LUMPUR: Media Prima Bhd’s move to optimise printing plant capacity and unlock potential cost savings while investing in digital expansion has helped sustain the group’s long-term growth.

Prasarana honoured for public transport infrastructure initiative

By NST ONLINE - Thursday, February 23, 2017 - 15:56

KUALA LUMPUR: Prasarana Malaysia Bhd’s (Prasarana) contribution in the transportation sector was given recognition by the prestigious Middle East Business Leaders Awards (MEBLA).

Malaysia Airlines becomes first local carrier to earn IATA Fast Travel Green cert

By NST ONLINE - Thursday, February 23, 2017 - 15:55

SEPANG: Malaysia Airlines became the first Malaysian carrier to receive the International Air Transport Association (IATA) Fast Travel Green certificate.

SP Setia aims high for 2017, targets RM4 billion in sales

By ZARINA ZAKARIAH - Thursday, February 23, 2017 - 15:50

KUALA LUMPUR: SP Setia Bhd is setting its sights high for 2017 as it eyes target sales of RM4 billion, with 77 per cent expected to be derived from local projects.

Axiata Group reports RM309.4m loss in Q42016

By FRANCIS DASS - Thursday, February 23, 2017 - 15:36

KUALA LUMPUR: Axiata Group Bhd reported a RM309.4 million loss in the final quarter of 2016, in contrast to a net profit of RM467.2 million that the company reported in 4Q2015.

Maybank maintains cautious approach in 2017, but remains confident

By LIDIANA ROSLI - Thursday, February 23, 2017 - 14:19

KUALA LUMPUR: Malaysia's largest banking group by assets, Maybank Group, reports a slight decrease in its 2016 net profit to RM6.74 billion, from RM6.84 billion the year before.

Disrupting the disrupters: Singapore rattles sharing economy with rule change

By Reuters - Thursday, February 23, 2017 - 13:27

SINGAPORE: Singapore, a keen early adopter of the sharing economy, has fired a warning shot across the bow of Airbnb and Uber with tighter rules that could shake up their business models and growth ambitions in Asia.

Bhubaneswar, India's 'temple city' is AirAsia's latest destination

By NST ONLINE - Thursday, February 23, 2017 - 11:49

SEPANG: The ‘Temple City of India’ - Bhubaneswar in the state of Odisha, is the latest destination that AirAsia is offering to travelers, come April 26, 2017.

Plantation commodity exports rise to RM122b

By OOI TEE CHING - Thursday, February 23, 2017 - 11:01

PUTRAJAYA: Malaysia raked in RM121.99 billion from plantation commodity exports last year, thanks to slight improvement in the average pricing of palm oil, rubber and cocoa.