• Economy  |  JANUARY 25, 2015 10:06 PM

    PKNS, Raudhah City sign MOU to build township

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    Perbadanan Kemajuan Negeri Selangor (PKNS) today signed a memorandum of understanding (MOU) with Raudhah City Sdn Bhd to develop a township, with a gross development value of RM12.3 billion, in Taman Sains Selangor 2, Cyberjaya. PKNS general manager, Azlan Md Alifiah, said the …

  • World Biz  |  JANUARY 25, 2015 9:49 PM

    Venezuela’s currency woes increases threat to US

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    Venezuela’s deepening economic troubles, and in particular the weakness of the bolivar and restrictive currency controls, have hurt US corporate profits for the fourth quarter of 2014 and are set to inflict further pain this year. In a likely sign of things to come …

  • World Biz  |  JANUARY 25, 2015 9:32 PM

    Investors asks Standard Chartered boss to resign

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    Standard Chartered’s two largest investors have told the bank’s chairman to find a replacement for Chief Executive Peter Sands within months, the Sunday Telegraph reported, without citing its sources. The newspaper said Temasek and Aberdeen Asset Management, which between them own nearly a third …

  • World Biz  |  JANUARY 25, 2015 9:26 PM

    Abu Dhabi’s FGB jumps ahead of Q4 results

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    Stock markets in the United Arab Emirates and Qatar were mixed in low-volume trade on Sunday as most countries in the Middle East closed their bourses following the death of Saudi Arabia’s King Abdullah. His successor King Salman pledged continuity in energy and foreign …

  • World Biz  |  JANUARY 25, 2015 6:46 PM

    Got a spare billion? Investment bankers can help

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    The growing ranks of the super rich and their increased appetite for risk have caught the eye of investment bankers. Traditionally focused on

  • World Biz  |  JANUARY 25, 2015 6:33 PM

    All eyes on Fed, Greece after ECB fires bazooka

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    After the surprises from central banks which rocked markets at the start of the year, the US Federal Reserve will be watched as closely as ever this week to see that it doesn’t stray from its own policy path. The atmosphere will …

  • Commodities  |  JANUARY 25, 2015 3:06 PM

    Japan offers compromise on rice

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    Japan has offered to import more rice from the United States in a compromise aimed at pushing forward the Asia-Pacific regional trade talks, the Nikkei reported on Sunday. A stand-off between the United States and Japan over access to farm and auto markets has …

  • World Biz  |  JANUARY 25, 2015 3:00 PM

    US beer-maker to pull ‘Gandhi-Bot’ brand

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    A US microbrewery said on Friday it will stop using the name and image of the late Indian leader Mohandas Gandhi on one of its beers after complaints it was offensive to the Indian community. New England Brewing Company of Connecticut had been marketing …

  • World Biz  |  JANUARY 24, 2015 9:57 PM

    Carrefour franchisee to pursue Egypt growth

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    The owner of Carrefour SA’s franchise for the Middle East will pursue expansion in Egypt after business at a shopping mall in Cairo’s suburbs recovered from looting during the 2011 revolt that ended Hosni Mubarak’s rule. “There is probably no …

  • World Biz  |  JANUARY 24, 2015 9:53 PM

    Draghi seeks real economic union

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    Mario Draghi said euro-area states should form a ‘real’ economic union that would speed and coordinate structural reforms and target common economic goals. In an opinion piece in Germany’s Wirtschaftswoche magazine, the European Central Bank president said an economic union …

  • World Biz  |  JANUARY 24, 2015 9:47 PM

    Madagascar needs reforms to hit 5% growth

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    Madagascar will not achieve the 5% growth the International Monetary Fund has projected for it this year unless it introduces reforms to boost tax revenue and improve the business climate, an IMF official told Reuters. The Fund said earlier this week that the economy …

  • World Biz  |  JANUARY 24, 2015 9:34 PM

    US crude down after Saudi king dies

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    Brent crude was buoyed on Friday by market uncertainty over the future of Saudi oil output, while US crude fell on more signs of oversupply. Saudi Arabia’s new king, Salman, who took the throne on Friday morning after the death of his brother …

  • Commodities  |  JANUARY 24, 2015 12:12 PM

    KLTM to to hover around US$19,300 a tonne

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    The tin price on the Kuala Lumpur Tin Market (KLTM) is expected to hover around US$19,300 a tonne next week supported by foreign traders. A dealer said the KLTM is expected to receive support mainly from Europen traders following improved economic sentiment in …

  • Commodities  |  JANUARY 24, 2015 12:09 PM

    Rubber market to continue downtrend

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    The Malaysian rubber market is likely to  continue its downtrend next week following the depressed economic outlook as the crude oil price downtrend continues, a dealer said. “The economic outlook has forced natural rubber (NR) prices to fall further, which would cause …

  • Finance  |  JANUARY 24, 2015 12:06 PM

    Ringgit to stabilise after sluggish performance

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    The ringgit is likely to stabilise next week after a sluggish performance this week, following the European Central Bank’s (ECB) quantitative easing (QE) programme and signs of stabilising oil prices, dealers said. A dealer said the ECB’s plan to purchase 60 billion euro …

  • Commodities  |  JANUARY 24, 2015 12:02 PM

    Gold futures on Bursa to turn bearish

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    Gold futures contracts on Bursa Malaysia Derivatives could turn bearish next week if the US dollar continues its upbeat momentum. Phillip Futures Sdn Bhd Dealer Ong Soo Ling said gold prices would come  under pressure, weighed down by a stronger dollar. She …

  • Markets  |  JANUARY 24, 2015 11:55 AM

    Bursa to rebound by revised budget

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    Bursa Malaysia is expected to rebound next week, driven by positive approval of Malaysia’s revised budget, stable oilprice and a huge monetary easing programme in Europe. Affin Hwang Investment Bank Head of Retail Research Nazri Khan said a strong finish in the …

  • World Biz  |  JANUARY 24, 2015 11:41 AM

    US futures raises minimum security deposits

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    The US National Futures Association on Monday will increase the minimum security deposit requirements for five more foreign exchange

  • Editor's Picks & Featured and Exclusive  |  JANUARY 24, 2015 10:00 AM

    Where’s the concern over East Malaysia floods?

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    Here are some of our best news, analyses and comments over the past week, in case you missed any.

  • World Biz  |  JANUARY 24, 2015 9:15 AM

    UPS weighs on Wall St but indexes up for week

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    US stocks fell on Friday, pressured by underwhelming corporate news including guidance from economic activity bellwether UPS and as materials stocks fell after bearish research notes. The Dow Jones industrial average fell 141.38 points, or 0.79%, to 17,672.6, the S&P 500 lost 11.33 points, or …