Business

Averting price war

By OOI TEE - Monday, 1 September 2014.

WIN-WIN SITUATION: Malaysia’s palm oil tax gap must mirror that of Indonesia, says Poram chief

Latest

Toshiba bags EPC deal for Jimah power project

Tuesday, September 2, 2014 - 15:45

KUALA LUMPUR: A consortium comprising Toshiba Corp and international companies, has won an engineering, procurement and construction (EPC) contract for a 2,000 megawatt ultra-super-critical coal-fired power generation project in Jimah, Negeri Sembilan.

KL shares lower mid-afternoon

Tuesday, September 2, 2014 - 15:42

KUALA LUMPUR: Share prices on Bursa Malaysia were lower at mid-afternoon today on lack of buying momentum.

MIDA to review incentive policies

Tuesday, September 2, 2014 - 15:37

GEORGE TOWN, Penang: The Malaysian Investment Development Authority (MIDA) will continue to review its incentive policies to stay relevant, says chairman, Senator Tan Sri Amirsham Abdul Aziz.

Bank Muamalat to launch Islamic private banking

Tuesday, September 2, 2014 - 14:57

KUALA LUMPUR: Bank Muamalat Malaysia Bhd expects to launch Islamic Private Banking within a year to cater to the growing demand for the service.

AirAsia X appoints new CFO

Tuesday, September 2, 2014 - 14:53

KUALA LUMPUR: AirAsia X Bhd, the leading long-haul low-cost carrier, has appointed Chew Eng Loke as its chief financial officer (CFO) effective immediately.

HSBC survey: FTAs up businesses’ export growth

Tuesday, September 2, 2014 - 14:50

KUALA LUMPUR: Malaysian businesses leveraging on the free trade agreements (FTAs) have experienced moderate to significant export growth, according to a HSBC survey.

Enormous potential for Maybank to tap opportunities

Tuesday, September 2, 2014 - 14:46

KUALA LUMPUR: Maybank Group president and chief executive officer Datuk Abdul Farid Alias says there is still an enormous potential for the group to tap the latent business opportunities in the Asean region as part of its growth strategy.

MFPC gets nod for Shariah RFP programme

Tuesday, September 2, 2014 - 14:40

KUALA LUMPUR: The Malaysian Financial Planning Council (MFPC) has received the nod from the Securities Commission for recognition of its Shariah Registered Financial Planner (RFP) programme.

OSK Group gets nod to acquire PT Mulia

Tuesday, September 2, 2014 - 13:19

KUALA LUMPUR: Shareholders of OCK Group Bhd today agreed to the proposed acquisition of a 85 per cent equity interest in PT Putra Mulia Telecommunication (PMT) for RM21.25 million.

TA declares 1.8 sen distribution for Cash Plus Fund

Tuesday, September 2, 2014 - 13:14

KUALA LUMPUR: TA Investment Management Bhd (TAIM) has declared a gross income distribution of 1.8 sen per unit for TA Cash Plus Fund (TACP) to registered unit holders as at August 29, 2014.

‘Mega Islamic Bank’s creation should meet objective’

Tuesday, September 2, 2014 - 13:03

KUALA LUMPUR: Bank Negara Malaysia Governor Tan Sri Dr Zeti Akhtar Aziz says the creation of a mega Islamic bank should serve the objective of supporting international trade and cross-border investment activities.

KL shares remain lower mid-day

Tuesday, September 2, 2014 - 12:58

KUALA LUMPUR: Share prices on Bursa Malaysia remained lower at mid-day today on the lack of buying momentum.

Tin closes US$110 lower at US$21,850 a tonne

Tuesday, September 2, 2014 - 12:55

KUALA LUMPUR: The Kuala Lumpur Tin Market (KLTM) closed US$110 lower at US$21,850 a tonne today in line with the downtrend in the metal price on the London Metal Exchange (LME).

Bank Negara accords Emas status to Exim’s Sukuk

Tuesday, September 2, 2014 - 12:01

KUALA LUMPUR: Bank Negara Malaysia (BNM) has accorded "Emas" status to the Export-Import Bank of Malaysia Bhd's (Exim) US$300 million (RM950.36 million) sukuk issuance.

MAS shares rise two per cent in early session

Tuesday, September 2, 2014 - 11:57

KUALA LUMPUR: The shares of Malaysia Airlines (MAS) rose two per cent in the early session today, following the announcement of its restructuring plan by Khazanah Nasional Bhd last Friday.

Oil prices mixed after weak China, Europe data

Tuesday, September 2, 2014 - 11:53

SINGAPORE: Oil prices were mixed in Asia Tuesday following disappointing manufacturing data out of top energy consumer China as well as Europe and as dealers await fresh US economic figures, analysts said.