Business

MAHB hints at legal action

By BILQIS BAHARI - Friday, 1 July 2016.

KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) has hinted at resorting to legal action to keep the Kuala Lumpur International Airport (KLIA) and Kuala Lumpur International Airport 2 (klia2) brand intact.

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CIMB appoints Afzal Abdul Rahim as independent director

By Bernama - Friday, July 1, 2016 - 17:54

KUALA LUMPUR: CIMB Group Holdings Bhd today announced the appointment of Afzal Abdul Rahim as independent director of CIMB Bank Bhd, effective June 29, 2016.

Bellew: Malaysia Airlines can regain rightful place as pride of nation

By BILQIS BAHARI - Friday, July 1, 2016 - 17:03

KUALA LUMPUR: Malaysia Aviation Group (MAG) and Malaysia Airlines Bhd (MAB) new managing director and chief executive officer (CEO), Peter Bellew says he is on track to fix the financially-beleaguered airline albeit having to weather through many interesting turns.

Malaysia PMI records 47.1 in June

By RUPA DAMODARAN - Friday, July 1, 2016 - 13:09

KUALA LUMPUR: The headline Purchasing Manufacturing Purchasing Managers' Index posted 47.1 in June, marginally lower than the reading in May.

Work together to promote klia2, Liow tells AirAsia and MAHB

By BILQIS BAHARI - Friday, July 1, 2016 - 12:53

SEPANG: Transport Minister Datuk Seri Liow Tiong Lai has urged Malaysia Airports Holdings Bhd (MAHB) and AirAsia Bhd to work together to promote Kuala Lumpur International Airport 2 (klia2) as a low-cost hub in Asia.

Exports lower by 0.9 pct in May : MITI

By RUPA DAMODARAN - Friday, July 1, 2016 - 12:50

KUALA LUMPUR: Exports from Malaysia were lower by an annualised 0.9 per cent in May while imports rose 3.1 per cent.

'No question of renegotiating TPP deal'

By RUPA DAMODARAN - Friday, July 1, 2016 - 11:01

KUALA LUMPUR: The question of renegotiating the Trans Pacific Partnership (TPP) agreement does not arise even if there are such indications by United States presidential candidates, said International Trade and Industry secretary-general Tan Sri Dr Rebecca Fatima Sta Maria.

Bellew excited to be leading Malaysia Airlines

By BILQIS BAHARI - Friday, July 1, 2016 - 11:00

KUALA LUMPUR: There was a roar of approval when Peter Bellew was named Malaysia Airlines Bhd (MAB) managing director and chief executive officer (CEO) in a town hall meeting at the airline’s headquarters yesterday.

Ringgit opens at 3.99 against USD

By Bernama - Friday, July 1, 2016 - 09:54

KUALA LUMPUR: The ringgit extended its uptrend against the US dollar on the first day of the second half of the year touching the 3.9 level at the opening as currency markets continued to stabilise after the Brexit surprise.

Mondelez sets sights on chocolatier Hershey

By AFP - Friday, July 1, 2016 - 09:12

NEW YORK: US chocolate candy maker Hershey said Thursday it had rejected a US$23 billion takeover bid from snack-food giant Mondelez, whose brands include Cadbury chocolate bars and Lu cookies.

Malaysian financial market resilient in aftermath of Brexit

By RUPA DAMODARAN - Thursday, June 30, 2016 - 18:26

KUALA LUMPUR: The Malaysian financial market remains resilient and continues to operate in an orderly manner, said Bank Negara Malaysia.

Tabung Haji appoints Johan as MD and CEO

By Bernama - Thursday, June 30, 2016 - 13:44

KUALA LUMPUR: Malaysia’s pilgrimage fund board, Lembaga Tabung Haji, has appointed Datuk Johan Abdullah as the Group Managing Director and Chief Executive Officer effective July 1.

Malaysian economy resilient to headwinds: World Bank

By RUPA DAMODARAN - Thursday, June 30, 2016 - 12:22

KUALA LUMPUR: The World Bank says Malaysia's economy has remained resilient to external headwinds.

'No change in power tariff rates'

By LIDIANA ROSLI and AWAINA ARBEE - Thursday, June 30, 2016 - 11:01

PUTRAJAYA: Electricity tariffs in Peninsular Malaysia, Sabah and Labuan remain unchanged until year-end, but natural gas tariffs for the non-power sector will be raised by 5.95 per cent effective July 15.

Malaysia Airlines expected to name new CEO today

By BILQIS BAHARI - Thursday, June 30, 2016 - 11:01

KUALA LUMPUR: Malaysia Airlines Bhd (MAB) is expected to announce its new chief executive officer (CEO) as early as today.

Ringgit opens higher against US Dollar

By Bernama - Thursday, June 30, 2016 - 09:45

KUALA LUMPUR: The ringgit continued its uptrend against the US dollar in opening higher today and in line with other Asian currencies, as the shock over the United Kingdom’s (UK) decision to leave the European Union (EU) last week, gradually dimmed.

Increase in price of natural gas will cost us, say glove-makers

By OOI TEE CHING - Wednesday, June 29, 2016 - 20:54

PETALING JAYA: Glove-makers have no choice but to absorb the sudden additional cost as the government, in a couple of weeks, will raise the price of natural gas.

Malaysia-Indonesia to hold joint trade meeting after eight-year lapse

By RUPA DAMODARAN - Wednesday, June 29, 2016 - 16:53

KUALA LUMPUR: Malaysia and Indonesia will hold their second joint trade and investment committee meeting tomorrow, after a lapse of eight years.

MAHB boss on klia2: 'You don't change your child's name, do you?'

By BILQIS BAHARI - Wednesday, June 29, 2016 - 13:07

SEPANG: Malaysia Airports Holdings Bhd (MAHB) is using the 'wait-and-see' approach on the outcome of AirAsia's meeting with the Ministry of Transport (MoT) on the branding issue of Kuala Lumpur International Airport 2 (klia2).

RHB Bank lists on Bursa

By ZARINA ZAKARIAH - Wednesday, June 29, 2016 - 11:01

KUALA LUMPUR: With its restructuring exercise nearing completion, RHB Bank Bhd yesterday assumed RHB Capital Bhd’s (RHBCap) listing on the Main Market of Bursa Malaysia with a commendable debut.

EPF keen to partner Eco World to develop Penang townships

By AMIR HISYAM RASID - Wednesday, June 29, 2016 - 11:01

KUALA LUMPUR: The Employees Provident Fund (EPF) is keen to participate in the development of the land in Batu Kawan, Penang, recently acquired by Eco World Development Group Bhd.

Ringgit opens higher against US dollar

By Bernama - Wednesday, June 29, 2016 - 09:50

KUALA LUMPUR: The ringgit opened higher against the US dollar today as the currency market slowly returned to stability, dealers said.

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.