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  • Featured and Exclusive  |  FEBRUARY 1, 2016 12:00AM

    KINIBIZ closes its doors today, Feb 1

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    Independent business news publication KINIBIZ closes today, Feb 1, 2016, nearly three years after it started, after an unfruitful search for new investors.

     
  • Corporate, Featured and Exclusive  |  JANUARY 29, 2016 4:14PM

    Ahmad Zaki’s EKVE issues RM1 bil sukuk

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    Ahmad Zaki Resources Bhd’s (AZRB) wholly-owned unit EKVE Sdn Bhd has made its maiden issuance of RM1 billion sukuk murabahah under the guaranteed sukuk murabahah facility. AZRB said the proceeds from the issuance would be used by EKVE to, among others, to …

     
  • Corporate, Featured and Exclusive  |  JANUARY 29, 2016 10:41AM

    SapuraKencana TMC issues RM176 mil sukuk

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    SapuraKencana Petroleum Bhd’s wholly-owned subsidiary SapuraKencana TMC Sdn Bhd (SKTMC) has made a further issuance of RM176 million in nominal value of unrated sukuk murabahah under the multi-currency sukuk programme. In a filing to Bursa Malaysia, SapuraKencana said the proceeds raised from this issuance …

     
  • Featured and Exclusive, Markets  |  JANUARY 29, 2016 9:45AM

    KL shares end higher; CI climbs 2.04%

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    Bursa Malaysia extended its gains for the fifth day today as players continued to react positively to the recalibrated Budget 2016, dealers said. The benchmark FTSE Bursa Malaysia KLCI surged 33.27 points, or 2.04%, to 1,667.80 from Thursday’s 1,634.53, after opening …

     
  • Featured and Exclusive, Markets  |  JANUARY 29, 2016 8:34AM

    Ringgit hits 3-1/2-month high on oil, BOJ

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    The Malaysian ringgit jumped 2% on Friday to hit a three-and-a-half-month high as crude prices extended gains, easing concerns over the country’s falling oil and gas prices. The currency also found support as the Bank of Japan unexpectedly cut a benchmark interest …

     
  • Corporate, Featured and Exclusive  |  JANUARY 29, 2016 7:53AM

    Hong Leong Bank appoints new CEO

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    Hong Leong Financial Group (HLFG) and Hong Leong Bank Bhd (HLBB) have made two new executive leadership appointments which will be effective Feb 5, 2016. In a statement today, HLFG said it has appointed Tan Kong Khoon as president and chief executive …

     
  • Corporate, Featured and Exclusive  |  JANUARY 29, 2016 6:30AM

    Govt mulls mandatory insurance for Uber, Grab

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    The government may make it mandatory for drivers of ridesharing vehicles to purchase commercial insurance which in turn may force them to charge passengers more to cover the cost. Deputy Transport Minister Abdul Aziz Kaprawi said this is one the …

     
  • Corporate, Featured and Exclusive  |  JANUARY 28, 2016 11:22AM

    TNB’s 1Q pre-tax profit drops to RM2.16 bil

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    Tenaga Nasional Bhd’s (TNB) pre-tax profit for the first quarter ended Nov 30, 2015 fell to RM2.16 billion from RM2.62 billion in the same quarter last year. Revenue declined to RM10.7 billion from RM11 billion previously, it said in a filing to Bursa …

     
  • Corporate, Featured and Exclusive  |  JANUARY 28, 2016 10:57AM

    Senate approves motion on TPP agreement

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    Malaysia is all set to be part of the world’s largest trade pact after the Senate today gave a clear go-ahead for the country to join the Trans-Pacific Partnership (TPP) agreement. The Upper House, in a special meeting, approved, based on a …

     
  • Corporate, Economy, Featured and Exclusive  |  JANUARY 28, 2016 8:25AM

    Highlights of 2016 Budget recalibration

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    The slide in oil prices has forced the governement to conduct what it calls a “budget recalibration exercise”. In other words, the government is now forced to make budget cuts to adjust for a fall in revenue. The government will …

     
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