Business

Ahmad Jauhari to head MAS until September 2015

By FRANCIS DASS - Monday, 15 September 2014.

KUALA LUMPUR: Malaysia Airlines (MAS) has extended Ahmad Jauhari Yahya’s contract as managing director and group chief executive officer (CEO) for 12 months until September 19 next year.

Latest

Card targets Indonesian travellers

Tuesday, September 16, 2014 - 23:52

KUALA LUMPUR: PT Bank CIMB Niaga Tbk, PT Indonesia AirAsia and Think BIG Digital Sdn Bhd have launched the CIMB Niaga AirAsia BIG co-branded credit card in Jakarta on Monday.

Air France strike continues amid low-cost shake-up

Tuesday, September 16, 2014 - 23:51

PARIS: Passengers faced a second day of travel disruption yesterday as Air France pilots extended a strike in protest at the airline’s plans to expand its low-cost subsidiary.

China regulator queries Toyota

Tuesday, September 16, 2014 - 23:50

CHINA’S price regulator has summoned executives from Toyota Motor Corp over pricing policies and practices for spare and replacement parts at its luxury Lexus division, people with direct knowledge of the matter said.

BASF to invest €10b regionally

By ZAIDI ISHAM ISMAILSHAH - Tuesday, September 16, 2014 - 23:49

BASF Malaysia Sdn Bhd has strengthened its commitment to be part of Malaysia as well as the region’s economic growth.

Promenade opens in Bintulu

Tuesday, September 16, 2014 - 23:49

BINTULU: The Promenade Hotels opened its fourth branch, here, recently in its bid to tap into the vibrant growth in the district.

China overseas investment soars

Tuesday, September 16, 2014 - 23:48

CHINA’S outbound investment more than doubled in August to US$12.62 billion (RM41 billion), data showed yesterday, far outstripping foreign direct investment (FDI) into the country, which fell to a four-year low.

Oil palm planters ‘enduring severe financial burden’

Tuesday, September 16, 2014 - 23:48

THE Minimum Wages Order 2012, which took effect from January last year, requires employers with six employees and above to pay a minimum wage of RM900 a month in Peninsular Malaysia or RM800 a month in Sabah, Sarawak and the Federal Territory of Labuan. 

CIMB neutral on aviation sector

Tuesday, September 16, 2014 - 23:45

CIMB Research has maintained its “neutral” call on the aviation sector but highlighted its “‘add” call on AirAsia Bhd saying the low-cost carrier will benefit from the restructuring of the national carrier Malaysia Airlines (MAS).

AmResearch rates Sarawak Cable as ‘buy’

Tuesday, September 16, 2014 - 23:44

AMRESEARCH has maintained its “buy” call on Sarawak Cable Bhd, with an unchanged sum-of-parts based fair value of RM1.60 a share.

HLIB upbeat on Fitters foray into PVC-O pipes

Tuesday, September 16, 2014 - 23:44

HONG LEONG Investment Bank (HLIB) is upbeat on Fitter Diversified Bhd’s (FDB) maiden venture into PVC-O pipes production, which would strengthen the group’s revenue model.

Brahim’s upgraded to ‘buy’ at RM1.62

Tuesday, September 16, 2014 - 23:43

HONG LEONG Investment Bank (HLIB) Research has upgraded Brahim’s Holdings Bhd to a “buy”, with an unchanged target price of RM1.62 a share, pegged to 13.5 times the price - earnings of the financial year 2015.

SP Setia’s results likely to be below expectation

Tuesday, September 16, 2014 - 23:43

MAYBANK Kim Eng said SP Setia Bhd’s nine months 2014 results, which will be released this week, is likely to be below the research house’s expectation, thereby issuing a “hold”call on the stock.

Hits two-year low

Tuesday, September 16, 2014 - 00:29

NEW YORK: Brent crude fell below US$97 a barrel yesterday to its lowest in more than two years as lacklustre economic data from China damped prospects for oil demand at a time of abundant supply, while expectations the Federal Reserve will provide new details this week about its plans to raise inter

Klibor futures close unchanged

Tuesday, September 16, 2014 - 00:28

KUALA LUMPUR: The three-month Kuala Lumpur Interbank Offered Rate (KLIBOR) futures contracts ended unchanged yesterday.

KLTM closes unchanged

Tuesday, September 16, 2014 - 00:28

KUALA LUMPUR: The Kuala Lumpur Tin Market (KLTM) closed unchanged yesterday at US$21,100 a tonne despite the rise of the metal’s price on the London Metal Exchange (LME).

Ringgit lower against US$

Tuesday, September 16, 2014 - 00:27

KUALA LUMPUR: The ringgit closed lower against the US dollar yesterday, a dealer said.