Business

Economic stimulus

By HAMISAH - Sunday, 21 December 2014.

2015 TARGET: Government may initiate measures to improve revenue, optimise expenditure

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KL shares up on window-dressing

Monday, December 22, 2014 - 18:23

KUALA LUMPUR: Bursa Malaysia finished on a firm note today on window-dressing, dealers said. The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 28.06 points to end at 1,744.05. It opened 7.88 points higher at 1,723.87.

FTSE Bursa Malaysia update: 3.00pm

Monday, December 22, 2014 - 15:25

KUALA LUMPUR: At 3.00 p.m. today, there were 572 gainers, 203 losers and 214 counters traded unchanged on the Bursa Malaysia. The FBM-KLCI was at 1,742.90 up 26.91 points, the FBMACE was at 5,649.95 up 46.62 points, and the FBMEmas was at 11,982.80 up 183.46 points.

Salcon Eng, Loh & Loh get RM470m sub-contract job from MMC Corp

Monday, December 22, 2014 - 15:01

KUALA LUMPUR: Salcon Engineering Bhd, a wholly-owned unit of Salcon Bhd, and Loh & Loh Constructions Sdn Bhd, had received the letter of acceptance from MMC Corp Bhd for the RM470 million centralised sewage treatment plant sub-contract works.

PNB appoints Idris as new COO

Monday, December 22, 2014 - 13:48

KUALA LUMPUR: Permodalan Nasional Berhad (PNB) has named Datuk Idris Kechot as its Deputy President and Group Chief Operating Officer effective December 2014.

Former Rapid KL chief returns to lead Prasarana Group

Monday, December 22, 2014 - 13:26

KUALA LUMPUR: Azmi Abdul Aziz, the former head of Rapid KL rail operations, returns to Prasarana Malaysia Bhd to take the helm of the country’s leading public transport services as the group managing director effective January 1 next year.

Malaysia’s GDP to increase by 5.8pc this year

Monday, December 22, 2014 - 12:15

KUALA LUMPUR: Malaysia’s real gross domestic product (GDP) growth is likely to expand by 5.8 per cent year-on-year (y-o-y) in 2014 and five per cent next year, said Affin Hwang Capital.

Tokyo stocks flat by break

Monday, December 22, 2014 - 10:50

TOKYO: Tokyo stocks were flat by the break today, giving up early gains as investors retreated to the sidelines in thin holiday trade.

Short term rates expected to remain stable

Monday, December 22, 2014 - 10:28

KUALA LUMPUR: Short-term interbank rates are expected to remain stable today on Bank Negara Malaysia’s (BNM) intervention to absorb excess liquidity from the financial system.

Car sector likely to soften in H1

Monday, December 22, 2014 - 00:06

KUALA LUMPUR: Automotive players are expected to introduce new and enhanced versions of existing models next year, including energy-efficient vehicles at very competitive prices.

S&P: Stable bank prospects despite China slowdown

By RUPA DAMODARAN KUALA - Monday, December 22, 2014 - 00:06

STANDARD and Poor’s (S&P) expects the top 41 banks in the Asia-Pacific region, including three Malaysian banks, to enjoy stable prospects next year even as the slowdown in China remains a hot spot.

Tribunal rules against Bank Century owner

By MUHAMAD AL AZHARIJAKARTA - Monday, December 22, 2014 - 00:05

AN INTERNATIONAL tribunal ruled in favour of the government of Indonesia in a case involving the controlled takeover of Bank Century from Saudi businessman Hesham Al Warraq, a law firm representing Indonesia said in a statement on Thursday.

Rupiah to play key role in electricity ‘adjustment tariff’

By RANGGA PRAKOSO - Monday, December 22, 2014 - 00:04

JAKARTA: The Indonesian government plans to impose an “adjustment tariff” for electricity in January next year, in an effort to eliminate the subsidy for middle- to upper-income classes and medium- to large-scale businesses, a top official at the Energy and Mineral Resources Ministry said last F

Art group takes a stand against Bali reclamation project

Monday, December 22, 2014 - 00:02

JAKARTA: “A bay belongs to waves, and waves belong to boats; boats belong to twilight, and twilight is the right of the heart.”

Positive sentiment poised to continue

Monday, December 22, 2014 - 00:01

IT’S been a rough year for Bursa Malaysia so far, but things fared better as we approach the second last week of the year.

Low oil prices early Christmas gift

Monday, December 22, 2014 - 00:00

CHRISTMAS cheer came early this year. Least expected was for Santa Claus to deliver one of the big surprises of 2014 — low oil prices.

‘Palm Oil Free labels damaging for Malaysia’

By OOI TEE CHINGKUALA - Sunday, December 21, 2014 - 23:59

THE spreading of “No Palm Oil” or “Palm Oil Free” campaign, first in Europe and now in Singapore, is potentially damaging for Malaysia, said National Association of Smallholders (Nash) of Malaysia.