Business

Buoyant mood

By ZARINA - Wednesday, 26 November 2014.

SONA Petroleum Bhd’s top executives will meet their counterparts from Salamander Energy Plc next week to save its nearly RM1 billion deal to buy the British firm’s oil and gas assets offshore Thailand.

Latest

KL shares opens slightly higher

Wednesday, November 26, 2014 - 11:12

KUALA LUMPUR: The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) opened slightly higher in early trade today supported by some buying demand in selected blue-chips.

Ringgit opens higher against US dollar

Wednesday, November 26, 2014 - 11:08

KUALA LUMPUR: The ringgit opened higher against the US dollar this morning on renewed buying interest, a dealer said.

Wall St ends little changed after mixed data batch

Wednesday, November 26, 2014 - 11:00

NEW YORK: US stocks ended little changed on Tuesday as the U.S. economy grew more than expected last quarter but soft readings on consumer confidence and house prices kept major indexes in a tight range.

IMF: Growth prospects still strong

By RUPA DAMODARAN - Wednesday, November 26, 2014 - 00:16

KUALA LUMPUR: The International Monetary Fund (IMF) said Malaysia’s growth prospects remain strong but structural reforms may be required to maintain the performance, especially against a backdrop of weaker growth in advanced economies.

RM12b in savings from managed float system

By KAMARUL YUNUSKUALA - Wednesday, November 26, 2014 - 00:11

Contraves bags £3.88m job from Boustead Naval

Wednesday, November 26, 2014 - 00:09

KUALA LUMPUR: Boustead Heavy Industries Corp Bhd’s (BHIC) indirect subsidiary, Contraves Advanced Devices Sdn Bhd, has been awarded a £3.88 million (RM20.37 million) contract by Boustead Naval Shipyard Sdn Bhd to supply combat system equipment and related services.

CTOS, Fair Isaac seal credit score collaboration

Wednesday, November 26, 2014 - 00:08

KUALA LUMPUR: Malaysian credit-reporting agency, CTOS Data Systems, will collaborate with California-based Fair Isaac Corp (FICO) to roll out a FICO credit score to financial institutions early next year, according to a report by Wall Street Journal (WSJ) yesterday.

BIMB posts RM125m Q3 profit

Wednesday, November 26, 2014 - 00:07

KUALA LUMPUR: BIMB Holdings Bhd, which controls Bank Islam Malaysia Bhd, has posted a net profit of RM125.2 million in the third quarter ended September 30, up 66 per cent from RM75.4 million in the same quarter a year ago.

Oil steady around US$80

Wednesday, November 26, 2014 - 00:07

LONDON: Brent crude oil prices steadied around US$80 a barrel yesterday, ahead of a meeting of Opec oil producers to decide on production levels for next year.

KLTM closes unchanged

Wednesday, November 26, 2014 - 00:06

KUALA LUMPUR: The Kuala Lumpur Tin Market (KLTM) closed unchanged at US$20,200 a tonne yesterday, despite lower price of the metal on the London Metal Exchange, said a dealer.

Klibor futures end untraded

Wednesday, November 26, 2014 - 00:05

KUALA LUMPUR: The three-month Kuala Lumpur Interbank Offered Rate (Klibor) futures contracts closed untraded yesterday.

Call to step up automotive exports

By RUPA DAMODARANKUALA - Wednesday, November 26, 2014 - 00:04

AUTOMOTIVE exports are inadequate and need to be stepped up if the industry wants to remain competitive in an environment where economic giant China is edging up as an important exporter.

Gold futures end higher

Wednesday, November 26, 2014 - 00:04

KUALA LUMPUR: Gold futures contracts on Bursa Malaysia Derivatives ended higher yesterday, ahead of the release of US economic data and the Swiss referendum on central bank gold reserves.

Malaysians to enjoy EVs below RM100,000 in 2017

By FOO EU JIN - Wednesday, November 26, 2014 - 00:02

KUALA LUMPUR: Locally-assembled electric vehicles (EVs) with a less than RM100,000 on-the-road price tag may be made available to the Malaysian market in three years’ time.

Ringgit ends lower against US$

Wednesday, November 26, 2014 - 00:02

KUALA LUMPUR: The ringgit erased its gains to close lower yesterday against the US dollar on lack of buying support for the local unit.

S. Korea keen on high-speed rail project

By OOI TEE CHING - Wednesday, November 26, 2014 - 00:02

KUALA LUMPUR:   South Korean Ambassador to Malaysia Cho Byung Jae has expressed his country’s interest in the high-speed rail link project between Kuala Lumpur and Singapore.