Business

FGV back in for NBPOL

By ZAIDI ISHAM ISMAIL AND ZARINA - Thursday, 2 October 2014.

FELDA Global Ventures Holdings Bhd (FGV) has initiated talks with Kulim (M) Bhd to buy the latter’s controlling stake in London-listed New Britain Palm Oil Ltd (NBPOL), said people familiar with the matter.

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‘Apple remains in good hands’

By RUPA DAMODARAN AND NUR HANINI MOHD HANIFKUALA - Thursday, October 2, 2014 - 01:40

APPLE Inc co-founder Steve Wozniak believes the company remains in good hands despite the absence of his friend Steve Jobs.

Timber council, furniture firms to tap India market

Thursday, October 2, 2014 - 01:39

KUALA LUMPUR: The Malaysian Timber Council (MTC) is targeting India’s fast-growing economy, expecially its construction and real estate sectors in major cities.

Toolmaking sector a key manufacturing component

Thursday, October 2, 2014 - 01:39

THE last few articles highlighted the important role of designers and the necessity to develop the capability and skills in prototyping and rapid tooling technology in order to enhance product competitiveness of the local automotive industry.

Maybank gets Myanmar licence

By MUHAMMED AHMAD HAMDAN - Thursday, October 2, 2014 - 01:27

KUALA LUMPUR: Malayan Banking Bhd (Maybank), the country’s biggest lender, has emerged as one of the nine regional banks and the only one from Malaysia to be awarded a foreign bank licence in Myanmar.

Petronas to work with Canada on LNG project

By KAMARUL YUNUSKUALA - Thursday, October 2, 2014 - 01:22

THE British Columbia provincial government and Petroliam Nasional Bhd (Petro-nas) have agreed to work together to advance the latter’s liquefied natural gas (LNG) export terminal and facility project in Canada.

Maybank revises ringgit outlook to RM3.30 vs US$

Thursday, October 2, 2014 - 01:21

KUALA LUMPUR: Maybank FX Research has revised its outlook for the ringgit against the US dollar to RM3.30 by year-end, saying the tides has turned against the currency and the majority of Asian currencies.

MUI: No plan to sell Hyde Park hotel

Thursday, October 2, 2014 - 01:21

KUALA LUMPUR: Malayan United Industries Bhd (MUI) has denied a news report that the company planned to dispose of its Corus Hotel Hyde Park. It also denied the appointment of Debutesq Group, a real estate firm, for the sale of the property.

PT Solusi wins bid for telco towers

Thursday, October 2, 2014 - 01:20

KUALA LUMPUR: Axiata Group Bhd’s 66.5 per cent-owned unit, PT XL Axiata TBK, has declared PT Solusi Tunas Pratama Tbk as the winning bidder for its 3,500 telecommunication towers.

Bonia completes acquisition

Thursday, October 2, 2014 - 01:20

KUALA LUMPUR: Bonia Corp Bhd has completed the acquisition of an indirect subsidy, CRG Viet Nam Company Ltd (CRGV), with a paid-up capital of RM937,411. With the acquisition, CRGV has become a 99 per cent-owned subsidiary of CRG Incorporated Sdn Bhd, a wholly-owned subsidiary of the group.

UEM Sunrise: JV conditions extended

Thursday, October 2, 2014 - 01:20

KUALA LUMPUR: UEM Sunrise Bhd said the conditions precedent for the joint-venture (JV) agreement and sale and purchase agreement relating to the development of Motorsports City in Nusajaya, Johor, has been extended for the second time to December 31 this year.

Oil rises to over US$95

Thursday, October 2, 2014 - 01:19

LONDON: Oil rose from a more than two-year low to over US$95 a barrel yesterday as a slightly better-than-expected Chinese factory survey countered worries of an economic slowdown in the world’s No. 2 oil consumer and ample supplies.

Lower in line with Comex

Thursday, October 2, 2014 - 01:18

KUALA LUMPUR: Gold futures contracts on Bursa Malaysia Derivatives closed lower yesterday, in line with the benchmark New York Commodity Exchange’s (Comex) gold.

Klibor futures close untraded

Thursday, October 2, 2014 - 01:17

KUALA LUMPUR: The three-month Kuala Lumpur Interbank Offered Rate (Klibor) futures contract closed untraded yesterday.

KLTM at 14-month low

Thursday, October 2, 2014 - 01:16

KUALA LUMPUR: The Kuala Lumpur Tin Market (KLTM) closed at a 14-month low of US$20,150 a tonne, down by US$250, while tracking the downtrend in the metal price on the London Metal Exchange (LME).

Ringgit ends higher against US$

Thursday, October 2, 2014 - 01:15

KUALA LUMPUR: The ringgit closed higher against the US dollar yesterday, supported by some interventions from Bank Negara Malaysia to control further sell-off, said a dealer.

eBay to spin off PayPal in 2015

Thursday, October 2, 2014 - 01:14

EBAY Inc’s agreement on Tuesday to spin off PayPal next year will give the unit more flexibility to strike deals in the rapidly evolving payments space as growth at the company’s traditional e-commerce business slows.