Business

Electrify-ing TNB

By ZAIDI ISHAM - Saturday, 1 November 2014.

RM6.4b PROFIT: Utility giant attributes performance to lower tax and softer coal and oil prices

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‘No development charges on M+S’

By MUHAMMED AHMAD HAMDAN - Saturday, November 1, 2014 - 00:41

KUALA LUMPUR: Malaysia has won a dispute with Singapore over parcels of land formerly occupied by KTM Bhd in the republic.

IOI Prop to gain from MRT2

By SHAREN KAUR KUALA - Saturday, November 1, 2014 - 00:41

IOI Properties Group Bhd (IOIPG) may emerge as the key beneficiary for the mass rapid transit Sungai Buloh-Serdang-Putrajaya line (MRT2), given that it has 200ha of landbank in Putrajaya, that houses IOI Resort City.

SP Setia open to more landbank acquisitions

Saturday, November 1, 2014 - 00:36

KUALA LUMPUR: SP Setia Bhd is open to the opportunity to increase its landbank in Malaysia.

Sting among buyers of units

Saturday, November 1, 2014 - 00:32

LONDON: British celebrity Gordon Sumner, better know by his stage name Sting, is a confirmed buyer of one of the Battersea Power Station’s new apartments.

CEO Wasim Saifi leaving Standard Chartered Saadiq

Saturday, November 1, 2014 - 00:32

KUALA LUMPUR: Standard Chartered Saadiq Bhd’s chief executive officer (CEO) Wasim Saifi is leaving the bank after three years of service to pursue personal interests.

Battersea owners hunt for ‘brightest’ businesses

By MARINA EMMANUEL LONDON - Saturday, November 1, 2014 - 00:31

MORE than three decades after the Battersea Power Station ceased the production of electricity, it was placed in the limelight again as the first wave of cities worldwide welcomed public exhibitions for the sales launch of the development.

Govt to increase engagement programmes on AEC

Saturday, November 1, 2014 - 00:30

KUALA LUMPUR: The International Trade and Industry Ministry (Miti) is enhancing its engagement programmes with the public on the much-anticipated Asean Economic Community (AEC).

Tey fails bid to suspend Chong

Saturday, November 1, 2014 - 00:29

PETALING JAYA: Protasco Bhd non-executive director Tey Por Yee yesterday claimed that its board of directors refused to have managing director Datuk Seri Chong Ket Pen answer any of the allegations on a RM10 million personal financial gain.

EPF appeals for right to vote on mega merger

By DHIPA PALANI - Saturday, November 1, 2014 - 00:29

KUALA LUMPUR: The Employees Provident Fund (EPF) has appealed to Bursa Malaysia for its right to vote on the merger of CIMB Holdings Bhd with RHB Capital Bhd (RHBCap) and Malaysia Building Society Bhd (MBSB).

RM50m target for Shell easiGO card

By LIDIANA ROSLI - Saturday, November 1, 2014 - 00:28

SUBANG JAYA: Malayan Banking Bhd (Maybank) expects its new “Shell easiGO American Express Prepaid Card” (Shell easiGO) to generate RM50 million worth of top-up volume within a year after its launch.

Gold futures close sharply lower

Saturday, November 1, 2014 - 00:27

KUALA LUMPUR: Gold futures contracts closed sharply lower yesterday on lack of demand, said a dealer.

Brent falls 10pc to US$85

Saturday, November 1, 2014 - 00:27

LONDON: Brent crude oil fell by more than a dollar to around US$85 a barrel yesterday as a firmer dollar and a well supplied oil market pushed the benchmark towards its steepest monthly decline since 2012.

Maybank eyes RM5b SME trade financing

By DHIPA PALANIKUALA - Saturday, November 1, 2014 - 00:26

MALAYAN Banking Bhd (Maybank) aims to facilitate RM5 billion worth of trade financing to small and medium enterprises (SMEs) in the next three years through its newly-launched myTrade2cash service.

KL-Seoul FTA still under study

By HAMISAH - Saturday, November 1, 2014 - 00:24

SOUTH Korea and Malaysia are still studying the prospects of a free trade agreement (FTA) to boost bilateral trade and investment.

Short-term rates close stable on Bank Negara intervention

Saturday, November 1, 2014 - 00:23

KUALA LUMPUR: Short-term interbank rates closed stable yesterday on Bank Negara Malaysia’s intervention to mop up excess liquidity from the financial system.

Carimin’s public tranche 22.1 times oversubscribed

Saturday, November 1, 2014 - 00:23

KUALA LUMPUR: The public portion of Carimin Petroleum Bhd’s initial public offering (IPO), comprising 11.7 million shares, was oversubscribed by 22.1 times.