Business

Very much on track

By MUHAMMED AHMAD - Thursday, 23 October 2014.

MEGA BANK PLAN: EPF losing right to vote will not derail deal, says analyst

Latest

Oil prices down in Asia

Thursday, October 23, 2014 - 12:55

SINGAPORE: Oil prices tanked further in Asian trade Thursday as a crude supply glut overshadowed news that China's key manufacturing sector picked up slightly, analysts said.

Ringgit opens lower against US dollar

Thursday, October 23, 2014 - 12:51

KUALA LUMPUR: The ringgit opened lower against the greenback this morning, dampened by weak buying momentum, a dealer said.

KL shares continue uptrend mid-morning

Thursday, October 23, 2014 - 12:49

KUALA LUMPUR: Share prices on Bursa Malaysia remained on the uptrend at mid-morning on continued buying interest, an analyst said.

Wall St ends lower after shooting at Canadian parliament

Thursday, October 23, 2014 - 12:46

NEW YORK: US stocks erased earlier gains to close lower on Wednesday as a shooting at the Canadian parliament unnerved investors, Boeing and Biogen sold off following results, and energy stocks fell along with oil prices.

APEC Finance chiefs concerned about growing downside risks

Thursday, October 23, 2014 - 12:33

BEIJING: Finance ministers of the Asia-Pacific Economic Cooperation forum member economies expressed their concerns over growing downside risks to the global economy in a joint statement adopted at their two-day meeting in Beijing that ended Wednesday, Japans JiJi Press news agency reported.

FTSE Bursa Malaysia update: 11.30 a.m.

Thursday, October 23, 2014 - 11:52

KUALA LUMPUR: At 11.30 a.m. today, there were 386 gainers, 174 losers and 256 counters traded unchanged on the Bursa Malaysia. The FBM-KLCI was at 1,806.24 up 10.02 points, the FBMACE was at 6,114.84 up 56.34 points, and the FBMEmas was at 12,512.68 up 75.52 points.

FBM Hudson eyes €100m revenue

By RUPA - Thursday, October 23, 2014 - 00:14

FBM Hudson Italiana SpA, a successful financial turn-around story by the KNM Group Bhd, hopes to meet its €100 million (RM418 million) revenue target this year.

Two committees set up to ensure PIPC’s success

Thursday, October 23, 2014 - 00:11

JOHOR BARU: Johor Petroleum Development Corporation (JPDC) has set up two committees to ensure the success of the Pengerang Integrated Petroleum Complex (PIPC).

M3nergy eyes Indonesia, Vietnam, Mexico Gulf fields

By KAMARUL YUNUS - Thursday, October 23, 2014 - 00:11

SINGAPORE: M3nergy Bhd, an oil and gas-related company, has set its sights on oil fields in Vietnam, Indonesia and the Gulf of Mexico for expansion.

Call to work together for growth

By ROZANNA LATIFFKUALA - Thursday, October 23, 2014 - 00:09

DATUK Seri Najib Razak on Tuesday called on Muslim countries to develop a revolutionary method in Islamic finance for entrepreneurs and financiers that would leverage each other’s strength and contribute to sustainable economic growth.

IGB minority unitholders hold sway

By LIDIANA ROSLI - Wednesday, October 22, 2014 - 23:55

KUALA LUMPUR: Goldis Bhd shareholders have almost unanimously voted for the takeover of IGB Corp Bhd, but doubts remain on whether the deal will go through, given the “low” offer price.

Husni: Apec important driver of global growth

Wednesday, October 22, 2014 - 23:48

KUALA LUMPUR: Asia-Pacific Economic Cooperation (Apec) must have a roadmap to not only ensure continuity of its initiatives but also further enhance the cooperation among member countries, said Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah.

‘Budget to help ease rising financial burden’

By DHIPA PALANIKUALA - Wednesday, October 22, 2014 - 23:47

THE 2015 Budget aims to ease the rising financial burden of the average Malaysian by creating more disposable income, said panelists from a one-day Deloitte TaxMax seminar last week.

Maybank BII operating profit jumps 6.7pc

Wednesday, October 22, 2014 - 23:46

KUALA LUMPUR: Maybank’s Indonesian banking unit PT Bank Internasional Indonesia Tbk (BII) has reported a 6.7 per cent increase in operating profit for the nine-month period ended September 30 2014, to 2.05 trillion rupiah (RM556.2 million) from 1.92 trillion rupiah in the same period last year.

Tasik Kenyir vital to nation’s energy security

By ZURAIMI ABDULLAH KUALA - Wednesday, October 22, 2014 - 23:45

TASIK Kenyir is becoming bigger and more important to Malaysia’s power generation endeavours, with Tenaga Nasional Bhd (TNB) at the forefront of the lake’s sustainable development.

Celcom Axiata to offer iPhone 6, iPhone 6 Plus next month

Wednesday, October 22, 2014 - 23:35

KUALA LUMPUR: Celcom Axiata Bhd will be offering iPhone 6 and iPhone 6 Plus to its customers beginning November 6.