• Corporate & Featured and Exclusive  |  MARCH 5, 2015 9:14 PM

    1MDB says no decision to wind-up

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    According to a 1MDB spokesperson, the firm remains committed to achieving the objectives outlined in its strategic review, which was unveiled last month.

  • World Biz  |  MARCH 5, 2015 9:04 PM

    BMW denies talks with Apple involve developing cars

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    German carmaker BMW said on Thursday its talks with technology giant Apple did not involve developing or building a car, denying a German magazine report.

  • World Biz  |  MARCH 5, 2015 8:56 PM

    China to allow unprofitable firms to go public

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    China's top securities regulator Xiao Gang said on Thursday the country is revising its securities law to allow unprofitable companies to sell shares publicly, the official Shanghai Securities News reported on its website.

  • Corporate, Featured and Exclusive, Finance  |  MARCH 5, 2015 8:26 PM

    Petronas begins RM62 bil bond, sukuk drive

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    Malaysian energy company Petronas began roadshows on Thursday to raise up to US$17 billion (RM62 billion) from conventional and Islamic bonds, or sukuk, for working capital.

  • Corporate  |  MARCH 5, 2015 8:20 PM

    Alam Maritim bags 2-year Petronas Carigali contract

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    Alam Maritim Resources Bhd's wholly owned subsidiary, Alam Maritim (M) Sdn Bhd, has bagged a contract from Petronas Carigali Sdn Bhd for the provision of spot charter marine vessels.

  • Corporate  |  MARCH 5, 2015 8:00 PM

    CMC, SC, Sidrec to continue protect investors

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    The Capital Market Compensation Fund Corp (CMC) will continue to work closely with the Securities Commission Malaysia (SC) and the Securities Industry Dispute Resolution Centre (Sidrec) to ensure a seamless and holistic framework within the investor protection regime.

  • Corporate & Featured and Exclusive  |  MARCH 5, 2015 7:53 PM

    Kam’s successor identified, says RHB Cap

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    RHB Capital today announced that it has identified a successor for RHB Banking Group managing director Kellee Kam who has tendered his resignation.

  • Corporate  |  MARCH 5, 2015 7:48 PM

    M’sia, Saudi account for 62% of global Islamic AUM

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    Malaysia and Saudi Arabia together held 62% of global Islamic asset under management (AUM) which stood at US$73 billion (RM266.2 billion) in 2014.

  • Corporate & Finance  |  MARCH 5, 2015 7:41 PM

    Islamic cap mart accounts for 58% of overall cap mart

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    At RM1.6 trillion, the Islamic capital market (ICM) now accounted for 58% of the overall capital market after registering annual growth of 12% in the last five years.

  • Corporate & Finance  |  MARCH 5, 2015 7:36 PM

    Sukuk murabahah leads M’sia sukuk market in 2014

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    Sukuk murabahah has led the Malaysian sukuk market in 2014, with RM60.5 billion, or 79.5%, of the total size of sukuk approved, said Securities Commission Malaysia (SC).

  • Corporate  |  MARCH 5, 2015 7:26 PM

    Tenaga’s RM2.5 bil Prai plant on track to 2016 start

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    Local utilities player Tenaga Nasional Bhd (TNB) said its 1,071MW power plant in Seberang Prai, Penang, is on track to meet its target of beginning operations on Jan 1, 2016. The project, which cost RM2.5 billion and utilises the world’s …

  • Corporate  |  MARCH 5, 2015 7:16 PM

    Pos M’sia’s transformation plan brings increased revenue

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    Postal services provider, Pos Malaysia Bhd's five-year transformation plan is bearing fruit, with a substantial increase in the company's revenue to RM1.3 billion for financial year 2013 from RM800 million in 2012.

  • Corporate  |  MARCH 5, 2015 7:09 PM

    1MDB attacked by group with political agenda, says Zahid

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    Umno vice-president Ahmad Zahid Hamidi said there is an organised effort led by a certain group with a political agenda to attack the 1Malaysia Development Bhd (1MDB).

  • Corporate & Finance  |  MARCH 5, 2015 6:59 PM

    Petronas Capital’s proposed MTN gets ‘(P)A1′ rating

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    Moody's Investors Service has assigned a provisional "(P)A1" rating to Petronas Capital Ltd's proposed US$15 billion (RM54.7 billion) medium-term note (MTN) programme which is guaranteed by Petroliam Nasional Bhd (Petronas).

  • Corporate & Featured and Exclusive  |  MARCH 5, 2015 6:49 PM

    Cabinet supports directive for AG to vet 1MDB’s account

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    The Cabinet supports the directive by Prime Minister Najib Abdul Razak for the auditor-general to independently verify the 1Malaysia Development Bhd (1MDB) accounts.

  • Corporate, Economy, Featured and Exclusive  |  MARCH 5, 2015 6:38 PM

    Bank Negara holds policy rate steady, as expected

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    Malaysia's central bank kept its key interest rate unchanged at 3.25% on Thursday, as expected, saying inflation is only expected to trend higher after the first quarter of 2015.

  • Corporate, Economy, Featured and Exclusive, Property  |  MARCH 5, 2015 6:34 PM

    GST impact on property less than 5%, says WTW

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    [email protected]

    The firm looked into the impact of goods and services tax (GST) on costs for both contractors and developers by calculating the cost of constructing a condominium with and without GST being taken into account.

  • Corporate  |  MARCH 5, 2015 6:28 PM

    SC receives 37 equity applications last year

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    The number of equity applications received by the Securities Commission Malaysia (SC) in 2014 increased to 37, of which 11 were received in the last two months of the year, from 25 in 2013.

  • Corporate & Featured and Exclusive  |  MARCH 5, 2015 6:14 PM

    1MDB said to be dismantled under debt repayment plan

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    Malaysia's indebted and controversy-ridden state investor 1MDB would be left as a skeletal structure and possibly dissolved under a debt repayment plan in which most of its assets would be sold, sources with direct knowledge of the matter said.

  • Markets  |  MARCH 5, 2015 5:50 PM

    KL shares end lower on selling of blue chips

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    Continued selling in most heavyweight counters dragged Bursa Malaysia to close lower today, dealers said.