Business

Turkish delight

By SHAREN - Saturday, 20 December 2014.

PROFITABLE VENTURE: MAHB’s potential 100pc stake in Istanbul airport is worth €1.04b

Latest

KLCI futures likely to further rebound next week

Saturday, December 20, 2014 - 11:14

KUALA LUMPUR: The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract (FKLI) on Bursa Malaysia Derivatives is expected to further rebound next week, a dealer said.

Air France-KLM deferral of Boeing 777 raises concern

Saturday, December 20, 2014 - 07:33

SEATTLE: Boeing Co faced a potentially larger gap in production of its 777 jetliner after Air France-KLM said on Thursday that it plans to defer delivery of 10 Boeing 777s following its third profit warning in six months.

Asian markets enjoy best day in 15 months

Saturday, December 20, 2014 - 00:34

SYDNEY: Asian shares enjoyed their best day in 15 months yesterday, after Wall Street boasted its biggest two-day advance since late 2011 amid relief that the United States Federal Reserve (Fed) was in no rush to withdraw stimulus from the US economy.

Petronas sees oil recovery boost from technology

By LIDIANA ROSLI - Saturday, December 20, 2014 - 00:32

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) expects to increase its oil recovery from the existing 35 per cent to 45 per cent by 2018, in line with the full integration of the Pengerang Integrated Petroleum Complex (PIPC).

‘IT exercise will improve Celcom’s efficiency, growth’

Saturday, December 20, 2014 - 00:32

KUALA LUMPUR: Celcom Axiata Bhd is optimistic that the completion of its information technology (IT) transformation exercise will greatly help improve efficiency and maximise growth opportunities.

KNM: Falling oil price unlikely to hit earnings

By OOI TEE CHINGSERI - Saturday, December 20, 2014 - 00:31

KNM Group Bhd said the global oil price collapse is not likely to hurt its future earnings that much as its order book of RM5 billion will keep it busy for the next two years.

Oil pares gains to trade below US$62

Saturday, December 20, 2014 - 00:30

LONDON: Brent crude pared early gains yesterday to trade back below US$62 a barrel, giving up much of a three per cent spike in London as traders assessed whether a price rout is done.

Gold futures rebound

Saturday, December 20, 2014 - 00:29

KUALA LUMPUR: Gold futures contracts on Bursa Malaysia Derivatives rebounded to close higher yesterday tracking gains on US Commodity Exchange’s gold futures as the Federal Reserve (Fed) took it easy on plan rate increase.

AEC, Asean chairmanship to revitalise Malaysia’s economy

By DHIPA PALANI - Saturday, December 20, 2014 - 00:28

KUALA LUMPUR: Malaysia’s chairmanship of Asean next year, which coincides with the implementation of the Asean Economic Community (AEC), will revitalise the country’s economic growth, said General Electric (GE) chief executive officer Stuart Dean.

KLTM extends downtrend

Saturday, December 20, 2014 - 00:28

KUALA LUMPUR: The Kuala Lumpur Tin Market (KLTM) extended its downtrend in declining US$500 to close at US$19,500 a tonne yesterday, a dealer said.

Klibor futures untraded

Saturday, December 20, 2014 - 00:27

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

Consumption activities seen boosting growth

By RUPA DAMODARANKUALA - Saturday, December 20, 2014 - 00:27

UBS Investment Bank said “frontload spending” in consumption activities ahead of the impending Goods and Services Tax should support Malaysia’s economic growth early next year.

Ringgit sharply higher against US$

Saturday, December 20, 2014 - 00:26

KUALA LUMPUR: The ringgit closed sharply higher against the US dollar and other major currencies on improved buying sentiment.

Taliworks to take over expressway for RM265m

Saturday, December 20, 2014 - 00:26

KUALA LUMPUR: Public utilities operator Taliworks Corp Bhd is taking over the New North Klang Straits Bypass Expressway from the government for RM265 million.

Rubber market ends mixed

Saturday, December 20, 2014 - 00:25

KUALA LUMPUR: The Malaysian rubber market closed mixed for the second consecutive day yesterday amid the stronger ringgit against the US dollar, a dealer said.

CPO prices close higher

Saturday, December 20, 2014 - 00:25

KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives ended higher yesterday amid the rebound in world crude oil prices coupled with anticipation of lower production in December.