STORIES TAGGED WITH

  • Corporate  |  JULY 24, 2014 8:14 PM

    MAHB plans more acquisitions after the next 6 months

    Story by
    www.bernama.com

    Malaysia Airports Holdings Bhd (MAHB) is eyeing more acquisitions after the next six months, said chief financial officer Faizal Mansor.

     
  • Economy  |  JULY 24, 2014 7:59 PM

    Gov’t to earn RM3 bil in the first year from GST

    Story by
    www.bernama.com

    The government expects to earn an additional revenue of RM3 billion in the first year the Goods and Services Tax (GST) introduction starting April next year, Deputy Finance Minister Datuk Ahmad Maslan said.

     
  • Property  |  JULY 24, 2014 7:51 PM

    EPF to buy hotel in Penang for RM160 mil

    Story by
    www.bernama.com

    Plenitude International Sdn Bhd has signed a sale and purchase agreement with the Employees Provident Fund (EPF) to acquire a 259 suite hotel in Penang for RM160 million cash.

     
  • Corporate & Featured and Exclusive  |  JULY 24, 2014 7:43 PM

    Malaysia Airports turns to losses on klia2 opening

    Story by
    [email protected]

    The state-run airport operator today posted a second quarter pre-tax loss of RM37.7 million, the first quarterly loss since 2003

     
  • Featured and Exclusive  |  JULY 24, 2014 7:24 PM

    Air Algerie flight missing enroute to Algeria

    Story by
    www.reuters.com

    Authorities have lost contact with an Air Algerie flight en route from Ouagadougou in Burkina Faso to Algiers with 110 passengers on board, Algeria's APS state news agency and a Spanish airline company said on Thursday.

     
  • World Biz  |  JULY 24, 2014 7:22 PM

    JPMorgan,HSBC to gain as Saudi opens RM1.7 tril bourse

    Story by
    www.bloomberg.com

    HSBC Holdings Plc and JPMorgan Chase & Co. are among the banks set to profit after the Riyadh-based Capital Market Authority announced plans this week to open Saudi Arabia’s bourse to foreign investors. The CMA said on July 22 that …

     
  • Corporate & Property  |  JULY 24, 2014 6:48 PM

    Boustead Holdings buys Hyde Park Hotel for RM138.98 mil

    Story by
    www.bernama.com

    Boustead Holdings Bhd (BHB) is expanding its property division with the proposed acquisition of Hyde Park Hotel in London for RM138.98 million.

     
  • Corporate & Featured and Exclusive  |  JULY 24, 2014 6:36 PM

    TNB, SIPP sign heads of agreement for Track 4A

    Story by
    [email protected]

    National utility Tenaga Nasional Berhad (TNB) and SIPP Energy Sdn Bhd has inked a heads of agreement (HoA) for the proposed power plant in Pasir Gudang, Johor awarded to them as part of a consortium in late May this year. …

     
  • Finance & World Biz  |  JULY 24, 2014 6:30 PM

    CIMB Niaga reports net profit of RM536 mil for 1H14

    Story by
    www.bernama.com

    PT Bank CIMB Niaga Tbk today reported an unaudited consolidated net profit of Rp1.95 trillion (RM536.25 million) for the first six months of 2014, down 8.5% from Rp2.13 trillion reported during the same period in 2013. This translates to earnings per share (EPS) of Rp77.7 and a return on equity (ROE) of 14.5%.

     
  • World Biz  |  JULY 24, 2014 6:26 PM

    Vodafone loses A3 rating at Moody’s after acquisition

    Story by
    www.bloomberg.com

    Vodafone Group Plc’s debt rating was cut one level at Moody’s Investors Service after the carrier made multibillion-dollar acquisitions to expand in Spain and Germany. The second-largest wireless company’s senior unsecured debt was cut to Baa1, the third-lowest investment grade, …

     
  • Commodities  |  JULY 24, 2014 6:19 PM

    Rubber market ends mixed

    Story by
    www.bernama.com

    The Malaysian rubber market ended mixed today, putting a halt to three straight days of losses, following the uptrend on regional markets and higher than expected Chinese purchasing data, a dealer said.

     
  • Corporate & Property  |  JULY 24, 2014 5:49 PM

    MRCB to buy out Penang Sentral partner for RM50 mil

    Story by
    [email protected]

    Malaysian Resources Corporation Berhad (MRCB) is buying out its 51% partner in the Penang Sentral development project, Pelaburan Hartanah Berhad (PHB), for a little over RM50 million. In a statement today, MRCB announced that it has inked an agreement with …

     
  • OTHERS  |  JULY 24, 2014 5:43 PM

    KL shares closed higher on last minute buying

    Story by
    www.bernama.com

    Last-minute buying in selected heavyweights pushed the local benchmark to close in positive territory today, dealers said.

     
  • World Biz  |  JULY 24, 2014 5:41 PM

    Sharp pulls out of Italian solar venture

    Story by
    www.bloomberg.com

    Sharp Corp. is pulling out of its Italian solar venture, the Japanese company’s last overseas panel manufacturing plant, in a further reorganization of its solar business. The Osaka-based company agreed to transfer its one-third stake in 3Sun Srl to partner …

     
  • Markets  |  JULY 24, 2014 5:34 PM

    Ringgit closes lower against US dollar on mild profit taking

    Story by
    www.bernama.com

    The ringgit closed lower against the US dollar today on short covering and mild profit-taking, a currency trader said.

     
  • Corporate  |  JULY 24, 2014 5:06 PM

    Reach Energy lures Norway’s wealth fund in IPO

    Story by
    www.bloomberg.com

    Reach Energy Bhd. has attracted investors including Norway’s US$890 billion sovereign wealth fund in an initial public offering to fund its acquisitions of oil and gas fields. Norges Bank Investment Management, the world’s largest sovereign wealth fund, and Malaysia’s pilgrim fund …

     
  • World Biz  |  JULY 24, 2014 5:04 PM

    Thai Airways restructures to boost revenues, cut costs

    Story by
    www.reuters.com

    Thai Airways International Pcl's board on Thursday approved a restructuring plan aimed at boosting revenues and cutting operating costs to return the loss-making airline to profit as soon as the middle of next year.

     
  • World Biz  |  JULY 24, 2014 4:55 PM

    Technip sees mounting cost pressure stopping oil projects

    Story by
    www.bloomberg.com

    Technip SA, Europe’s largest oilfield-services provider by market value, warned that energy companies are “putting pressure” on suppliers to lower costs and said profit margins may be trimmed by Russian sanctions. “There is greater uncertainty for all players,” Chief Executive …

     
  • World Biz  |  JULY 24, 2014 4:47 PM

    “Swatch is not working with Apple on smartwatches”

    Story by
    www.bernama.com

    Swatch Group AG denied a report that said Apple Inc. is working with the world’s largest watchmaker on a smartwatch. VentureBeat yesterday reported that Apple and Swatch had been working together to release a line of smartwatches in various brands, …

     
  • Economy  |  JULY 24, 2014 4:36 PM

    Gov’t receives feedback in formulation of 2015 budget

    Story by
    www.bernama.com

    The Finance Ministry has received feedback from the public and private sectors on ways to enhance Malaysia's quality of life and happiness index in the formulation of Budget 2015.

     
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