• Corporate  |  OCTOBER 4, 2015 5:37PM

    M’sian police not notified of FBI probe on 1MDB

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    Malaysian police haven’t been notified by the Federal Bureau of Investigation of any ongoing investigation by bureau into state-owned 1Malaysia Development Bhd. or Prime Minister Najib Razak, Inspector-General of Police Khalid Abu Bakar said in a statement late Saturday. The …

  • Corporate  |  OCTOBER 3, 2015 8:47PM

    Proton to maintain current car price

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    Proton Holdings Bhd will maintain the current selling price of its cars despite incurring higher imported material costs due to the weakening ringgit, said its chairman, Tun Mahathir Mohamad. He said currently, the national car maker has to sell its cars at …

  • Corporate, Economy, Featured and Exclusive  |  OCTOBER 3, 2015 12:00PM

    M’sia hopes to make society ‘more equitable’

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    Until they started to build micro-hydro dams, many of the indigenous people living in remote rainforests of Malaysia’s Sabah state did not have access to electricity, forcing them to resort to costly ways of generating power through diesel generators. With …

  • Corporate  |  OCTOBER 2, 2015 8:05PM

    Takaso to trade under O&C Resources from Oct 7

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    Takaso Resources Bhd has changed its name to O&C Resources Bhd with the company’s securities traded and quoted under the new name effective from 9am on Oct 7, 2015. In a filing to Bursa Malaysia, the company said the name of the …

  • Corporate  |  OCTOBER 2, 2015 7:58PM

    edotco to acquire controlling stake in Digicel unit

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    Axiata Group Bhd’s tower company edotco Group Sdn Bhd enters into a conditional share purchase agreement with Digicel Group Ltd to acquire a controlling stake in Digicel Myanmar Tower Co Ltd (MTC). In a filing to Bursa Malaysia today, Axiata said the transaction …

  • Corporate  |  OCTOBER 2, 2015 7:08PM

    XOX disposes of entire stake in XOX Retail

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    XOX Bhd has announced that it has disposed of its entire 50% equity interest in its subsidiary XOX Retail Sdn Bhd to Hassan Abdul Ghani for RM1.00. In a filing to Bursa Malaysia, XOX said upon completion of the disposal, XOX Retail will cease …

  • Corporate  |  OCTOBER 2, 2015 7:05PM

    Maxis to offer iPhone 6s, 6s Plus from Oct 16

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    Communications services provider Maxis Bhd is offering the most advanced iPhones – iPhone 6s and iPhone 6s Plus – from Oct 16, 2015. Meanwhile, customers could pre-order both phones starting Oct 9, 2015 via the Maxis online store at, the company said …

  • Corporate, Featured and Exclusive  |  OCTOBER 2, 2015 6:36PM

    Mayor: KL not ready for congestion charges in 2017

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    Kuala Lumpur Mayor Mhd Amin Nordin Abdul Aziz today denied that the federal capital will impose congestion charges on private vehicles after the completion of MRT Line 1 in 2017, as reported. “We can’t afford to (impose the charge in …

  • Corporate  |  OCTOBER 2, 2015 5:44PM

    Proton invested over RM18 bil in R&D since inception

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    Proton Holdings Bhd has invested more than RM18 billion in research and development (R&D) since its establishment 30 years ago, said its chief technical officer Abdul Rashid Musa. “Proton has managed to avoid monetary outflow beyond Malaysia, recording as much as RM200 billion …

  • Corporate  |  OCTOBER 2, 2015 5:33PM

    ‘Media Prima’s acquisitions positive over longer term’

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    Hong Leong Investment Bank says it is positive on Media Prima Bhd RM20 million acquisition of Copyright Laureate Sdn Bhd which owns two Malay language-orientated radio stations, although the latter’s losses will be a drag on the media group in the short term.