• Corporate  |  DECEMBER 22, 2014 10:52 PM

    Health Ministry in talks on medicine price list

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    The price list for medicines, especially those which are expensive and are not included in the exemption list of the Goods and Services Tax (GST), will be determined to protect consumers' interests.

  • Corporate  |  DECEMBER 22, 2014 10:31 PM

    BNM approves MAHB’s bridging facility application

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    Bank Negara Malaysia's (BNM) foreign exchange administration department has approved Malaysia Airports Holdings Bhd's (MAHB) application for the bridging facility for the proposed acquisitions of Istanbul Sabiha Gokcen Airport and its management company.

  • Corporate  |  DECEMBER 22, 2014 10:23 PM

    Bursa launches ESG Index

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    Bursa Malaysia Bhd today announced the launch of the Environmental, Social and Governance (ESG) Index.

  • Corporate  |  DECEMBER 22, 2014 10:13 PM

    Nexgram unit secures purchases for 2 developments

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    Nextnation Datacity Sdn Bhd and Nexgram Land Sdn Bhd have agreed to sell the entire mixed commercial development project in Cyberjaya, Angkasa Icon City, to MyAngkasa Bina Sdn Bhd for RM1.2 billion.

  • Corporate  |  DECEMBER 22, 2014 10:05 PM

    Taliworks unit takes over concession rights to NNKSB

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    Taliworks Corp Bhd's unit, Jejak Melewar Sdn Bhd, has taken over the assets of and concession rights to the New North Klang Straits Bypass Expressway (NNKSB).

  • Commodities  |  DECEMBER 22, 2014 8:35 PM

    Iraq to boost oil output in 2015

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    Iraq plans to boost its crude production to 4 million barrels a day next year as the Organisation of the Petroleum Exporting Countries (Opec) nations intend to defend their market share against other suppliers, Iraqi Oil Minister Adil Abdul Mahdi said.

  • Corporate & Featured and Exclusive  |  DECEMBER 22, 2014 8:27 PM

    1MDB’s debt balloons as ringgit weakens

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    Weakening ringgit adds a colossal RM4 billion burden on controversial 1Malaysia Development Bhd (1MDB)’s tab, blowing up debt levels to RM25.7 billion.

  • World Biz  |  DECEMBER 22, 2014 8:16 PM

    US financial firms raise most money in IPOs since 2008

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    Financial firms raised the most money this year in US initial public offerings (IPO) since 2008, as investors shook off doubts from the credit crisis and bet that a new breed of lenders is poised to wrest business from big banks.

  • Finance  |  DECEMBER 22, 2014 7:50 PM

    Russia’s rating may fall to ‘junk’

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    Russia’s sovereign debt rating will tumble into "junk" territory next year as the country plunges into a “full-fledged economic crisis,” former Finance Minister Alexei Kudrin said.

  • Corporate  |  DECEMBER 22, 2014 7:42 PM

    Berjaya Land Q2 pre-tax profit rises to RM122.42 mil

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    Berjaya Land Bhd's pre-tax profit rose to RM122.42 million for the second quarter ended October 31, 2014, from RM117.27 million in the same period last year.

  • Featured and Exclusive & World Biz  |  DECEMBER 22, 2014 7:35 PM

    Russia to bail out Trust Bank with up to RM1.6 bil

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    Russia's central bank said it will provide a mid-size bank to with up to 30 billion roubles (RM1.6 billion) to stop it going bankrupt, in the first bailout of its kind during the current rouble crisis.

  • Corporate  |  DECEMBER 22, 2014 7:27 PM

    NCB aims for 90% asset utilisation ratio in 2015

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    NCB Holdings Bhd aims to improve its profitability by increasing its asset utilisation ratio to 90% next year from 75% this year and re-evaluating non-profitable businesses.

  • Corporate  |  DECEMBER 22, 2014 7:20 PM

    Malindo Air to fly 4 times daily to S’pore

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    Malindo Air will increase its Kuala Lumpur-Singapore service to four daily direct flights beginning Feb 6, 2015.

  • Corporate  |  DECEMBER 22, 2014 7:14 PM

    Hiap Huat unit disposes of factory for RM11.76 mil

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    Hiap Huat Holdings Bhd's wholly owned unit, Hiap Huat Chemicals Sdn Bhd, has signed a sale and purchase agreement with Everise Frozen Sdn Bhd to dispose of its factory in Kepong.

  • Corporate  |  DECEMBER 22, 2014 7:08 PM

    High demand to boost Chin Well’s growth in 2015

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    Chin Well Holdings Bhd, Malaysia' largest carbon steel fastener manufacturer, is expecting positive growth in 2015, supported by the high demand for the group's products.

  • Corporate  |  DECEMBER 22, 2014 7:02 PM

    Jaks receives RM55.3 mil Langat 2 jobs

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    Jaks Sdn Bhd (Jaks) has received a RM55.3 million contract for the supply and installation of pipes for Package Five of the proposed development of the Langat 2 Water Treatment Plant and Water Reticulation System in Selangor and Kuala Lumpur.

  • World Biz  |  DECEMBER 22, 2014 6:51 PM

    Tesco’s accounts to be probed by UK’s FRC

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    Tesco Plc’s accounts for the past three financial years will be investigated by the Financial Reporting Council (FRC), the British audit authority said today.

  • Corporate  |  DECEMBER 22, 2014 6:44 PM

    Emas Kiara gets LOA for geosynthetic works in India

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    Emas Kiara Industries Bhd has announced that its joint venture (JV) bid for geosynthetic engineering works in Assam, India worth RM47.16 million has been accepted by the Assam Water Resources Department.

  • World Biz  |  DECEMBER 22, 2014 6:42 PM

    Li Ka-shing buys stake in China’s AVIC

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    Li Ka-shing bought a stake in a unit of Chinese planemaker Aviation Industry Corp of China for HK$270 million (RM121 million) as Hong Kong’s richest man increases his bet on aviation.

  • Corporate  |  DECEMBER 22, 2014 6:34 PM

    M’sia eyes 1.4 mil Chinese tourist arrivals in 2015

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    Malaysia is expected to attract 1.4 million Chinese tourist arrivals next year in conjunction with the Malaysia Year of Festival 2015 (MyFest 2015).