• Corporate & Featured and Exclusive  |  DECEMBER 18, 2014 9:40 PM

    Jentayu apologises; hopes to meet with Khazanah

    by BERNAMA

    "We sincerely hope we have the opportunity to share, elaborate, and explain in greater detail our proposal to Khazanah Nasional Bhd and apologise if we have caused any inconvenience," JD said in a statement today.

     
  • Featured & Exclusive

    RM3.5 tril of investments stranded in oil fields

     DECEMBER 18, 2014 11:48 PM by BLOOMBERG

    In a stunning analysis this week, Goldman Sachs found almost US$1 trillion (RM3.5 trillion) in investments in future oil projects at risk. ...

     

    1-year extension for 6P foreign workers

     DECEMBER 18, 2014 10:26 PM by BERNAMA

    The government has extended the employment of foreign workers under the 6P programme by another year effective immediately, said Home Ministry acting ...

     
    Issues

    What went wrong at MAS

     DECEMBER 18, 2014 3:50 PM by STEPHANIE JACOB

    In this second part of our interview with former MAS CEO Abdul Aziz Abdul Rahman, he talks about what he thinks went wrong for MAS, where he disagrees ...

     

    Tighter leash on Iskandar’s foreign developers?

     DECEMBER 18, 2014 8:00 AM by KHAIRUL KHALID

    With all the problems Iskandar facing, such as a potential glut caused by Chinese developers flooding the market with high-end units, something needs ...

     

    TigerTalk

    Media 101: How not to anger Tigers

     DECEMBER 18, 2014 6:30 PM by G. SHARMILA

    Tiger had high hopes of speaking to the higher-ups at Malaysia Debt Ventures today but was rudely shooed away by the debt financier’s public relatio ...

     

    Xian Leng RM86 mil scandal fades into obscurity

     DECEMBER 18, 2014 5:23 PM by KHAIRIE HISYAM

    Two years ago a relatively small public-listed company made headlines with its financial irregularities, with numbers not far below RM100 million bein ...

     
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    StockStalk

    Takaful Malaysia: Long-term growth potential?

     DECEMBER 17, 2014 7:30 AM by G. SHARMILA

    Analysts think that Syarikat Takaful Malaysia Bhd is a unique investment proposition for investors who want exposure to the long-term growth potential ...

     

    PetChem: Year-end mega sale

     DECEMBER 15, 2014 7:30 AM by XAVIER KONG

    Petronas Chemicals Group Bhd (PetChem) has been looking at a slump lately in terms of its share price. This was not helped by its recent results being ...

     
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    Corporate

    Berjaya Sports Toto Q2 profit rises to RM143.24 mil

     DECEMBER 18, 2014 10:29 PM by BERNAMA

    In a filing to Bursa Malaysia, the company said revenue also increased 44.7% to RM1.3 billion from RM866.88 million previously. ...

     

    1-year extension for 6P foreign workers

     DECEMBER 18, 2014 10:26 PM by BERNAMA

    The government has extended the employment of foreign workers under the 6P programme by another year effective immediately, said Home Ministry acting ...

     

    Multi-Purpose Cap to sell 49% stake in MPIB

     DECEMBER 18, 2014 10:05 PM by BERNAMA

    MPHB Capital Bhd's wholly owned unit, Multi-Purpose Capital Holdings Bhd, will dispose of its 49% stake in Multi-Purpose Insurans Bhd (MPIB) to Genera ...

     

    Petra Energy to dispose of 70% stake in JPA

     DECEMBER 18, 2014 9:54 PM by BERNAMA

    Petra Energy Bhd has entered into a share sale agreement with Chiew Chung Lee to dispose of its entire 70% equity interest in Jurutera Perunding Akal ...

     

    Jentayu apologises; hopes to meet with Khazanah

     DECEMBER 18, 2014 9:40 PM by BERNAMA

    "We sincerely hope we have the opportunity to share, elaborate, and explain in greater detail our proposal to Khazanah Nasional Bhd and apologise if w ...

     

    M’sia to buy attack helicopters for ESSZone

     DECEMBER 18, 2014 6:13 PM by BERNAMA

    The Malaysian Army plans to acquire six attack helicopters for its Aviation Corps to reinforce operations in the Eastern Sabah Security Zone (ESSZone) ...

     

    UOBKH initiates coverage on Eco World

     DECEMBER 18, 2014 5:47 PM by XAVIER KONG

    UOB Kay Hian (UOBKH) initiated coverage on Eco World Development Group Bhd (Eco World) with a "buy" recommendation and a target price of RM5.59 on the ...

     

    TNB unsure of impact of weak ringgit on future earnings

     DECEMBER 18, 2014 5:06 PM by BERNAMA

    National utility company Tenaga Nasional Bhd (TNB) is unsure of the impact of a weakening ringgit and declining coal prices on its future earnings. ...

     
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    Property

    ’74% abandoned housing projects rehabilitated’

     DECEMBER 18, 2014 9:48 PM by BERNAMA

    He said 10.7% more or 23 projects are in the process of rehabilitation, while 15.3% or 33 projects are in the planning stage. ...

     

    London home prices drop further

     DECEMBER 18, 2014 5:30 PM by BLOOMBERG

    Prices in London are down as much as 10% from a peak in the Spring, said Jeffrey Doble, chief executive officer of Thamesview Estate Agents Ltd. The c ...

     
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    Enterprise

    KL gets 3,000 ZEV charging stations in 2 years

     DECEMBER 18, 2014 6:21 PM by BERNAMA

    KL Electric Mobility Sdn Bhd, a unit of US-based Masers Energy Inc, will invest RM1.5 billion to set up 3,000 charging stations for zero-emission vehi ...

     

    MaGIC to produce more Bumiputera entrepreneurs

     DECEMBER 15, 2014 9:59 PM by BERNAMA

    Deputy Finance Minister Ahmad Maslan has expressed hope of at least a 50% Bumiputera participation rate in the Malaysian Global Innovation & Creativit ...

     
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    Singapore

    CCS seeks feedback on Boeing, SIAEC JV proposal

     DECEMBER 17, 2014 5:29 PM by BERNAMA

    The Competition Commission of Singapore (CCS) is seeking feedback on the proposed joint venture (JV) between The Boeing Co and SIA Engineering Co Ltd ...

     

    CDL to raise RM3.8 bil to fund global expansion

     DECEMBER 16, 2014 2:47 PM by REUTERS

    Singapore's second largest property developer City Developments Ltd (CDL) said on Tuesday it plans to raise about US$1.1 billion (RM3.8 billion) from ...

     
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    World Biz

    Miners drill under London to keep up with power demand

     DECEMBER 18, 2014 10:50 PM by BLOOMBERG

    Demand for power in the British capital will climb more than 5% by the end of this decade, versus 2% in Paris and a drop of 1% in New York. ...

     

    International air passengers up 3.6% in Oct, says IATA

     DECEMBER 18, 2014 10:34 PM by BERNAMA

    In a statement today, IATA said this was in line with growth year-to-date and stronger than September's rise of 2.3%. ...

     

    Draghi counts the cost of ECB quantitative easing battles

     DECEMBER 18, 2014 7:11 PM by BLOOMBERG

    As Mario Draghi prepares to push the European Central Bank (ECB) into quantitative easing, he’s counting the cost of alienating its home nation. ...

     

    Pertamina set for 20% drop in 2014 profit

     DECEMBER 18, 2014 6:50 PM by REUTERS

    Indonesian state oil and gas giant Pertamina sees a more than 20% fall in net profit this year due to a drop in global oil prices and because it faile ...

     

    GM, Jaguar suspend sales in Russia

     DECEMBER 18, 2014 6:33 PM by BLOOMBERG

    General Motors Co (GM) and Jaguar Land Rover temporarily stopped selling cars in Russia this week, deciding that taking a timeout from the market was ...

     

    Ikea opens biggest store in the world in South Korea

     DECEMBER 18, 2014 3:41 PM by REUTERS

    Iconic Swedish furniture retailer Ikea built its biggest store in the world to serve South Korea's shrinking households, targeting millions of people ...

     
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    Finance

    US dollar rallies after Fed signals 2015 rate hike

     DECEMBER 18, 2014 7:11 AM by REUTERS

    The US dollar posted its biggest daily gain against major currencies since early October on Wednesday after the Federal Reserve signalled it was on tr ...

     

    ‘Headwinds for M’sia fixed-income market next year’

     DECEMBER 17, 2014 6:43 PM by G. SHARMILA

    The coming year is expected to be a challenging one for the Malaysian fixed income market as improving US growth will eventually lead to a rise in US ...

     
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    Economy

    GST not expected to affect M’sia tourism industry

     DECEMBER 18, 2014 10:12 PM by BERNAMA

    Tourism and Culture Minister Mohamed Nazri Abdul Aziz said the government has already put in place the proper steps to implement the new tax. ...

     

    ‘Don’t waste FX reserves to protect rouble’

     DECEMBER 18, 2014 9:29 PM by BLOOMBERG

    President Vladimir Putin said Russia shouldn’t waste currency reserves to protect the rouble, as the country braces for a recession brought on by th ...

     
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    Opinion

    Deflation stalks the globe

     DECEMBER 17, 2014 3:50 PM by MARK GILBERT

    Crude oil trading at less than US$60 (RM210) a barrel for the first time in five years means lower gasoline prices and more money in consumer's pocket ...

     

    Russia problems are everyone’s problems

     DECEMBER 17, 2014 11:34 AM by MEGAN MCARDLE

    Russia is a vast country loaded with natural resources, not a tiny island banking haven. But it does express a very real fear: that the world is about ...

     

    Development for the people

     DECEMBER 12, 2014 4:06 PM by ABDOULAYE MAR DIEYE

    NEW YORK – The Ebola epidemic in West Africa is destroying lives, decimating communities, and orphaning children at a rate not seen since the region ...

     

    The UK’s immigration distraction

     DECEMBER 12, 2014 3:58 PM by BILL EMMOTT

    LONDON – Do British voters hate foreigners, or merely freeloaders? That is essentially the question British Prime Minister David Cameron posed in hi ...

     
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    Commodities

    RM3.5 tril of investments stranded in oil fields

     DECEMBER 18, 2014 11:48 PM by BLOOMBERG

    In a stunning analysis this week, Goldman Sachs found almost US$1 trillion (RM3.5 trillion) in investments in future oil projects at risk. ...

     

    Rubber market closes mixed

     DECEMBER 18, 2014 6:22 PM by BERNAMA

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

     
    MORE STORIES ON COMMODITIES
    Markets

    Draghi counts the cost of ECB quantitative easing battles

     DECEMBER 18, 2014 7:11 PM by BLOOMBERG

    As Mario Draghi prepares to push the European Central Bank (ECB) into quantitative easing, he’s counting the cost of alienating its home nation. ...

     

    KL shares end higher on renewed interest

     DECEMBER 18, 2014 6:09 PM by BERNAMA

    Share prices on Bursa Malaysia finished higher today on renewed buying interests by local investors, dealers said. ...

     
    MORE STORIES ON MARKETS
    Launches

    Samsung M’sia launches NX1 compact camera

     DECEMBER 16, 2014 4:22 PM by BERNAMA

    Samsung Malaysia Electronics has launched the revolutionary NX1, which combines cutting edge design, industry leading technology, and Samsung’s inno ...

     

    BMW launches new MINI 5-Door

     NOVEMBER 12, 2014 3:45 PM by VIOLET OOI

    BMW Group Malaysia today introduced the new MINI 5-Door, the second body variant of the third generation MINI. ...

     
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    Events

    China inks 59 pacts with 18 countries, regions

     OCTOBER 31, 2014 8:44 PM by BERNAMA

    China and 18 countries and regions along the Maritime Silk Road, including Malaysia, today signed 59 agreements worth 13.774 billion yuan (RM7.4 billi ...

     

    Matrade organises maritime mission to Dammam & Dubai

     OCTOBER 24, 2014 3:13 PM

    The Malaysia External Trade Development Corporation (Matrade) is organising a specialised marketing mission on maritime industry to Dammam, Saudi Arab ...

     
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