• Commodities, Corporate, Featured and Exclusive  |  JANUARY 28, 2015 9:32 PM

    Ahmad Maslan confident oil price won’t fall below US$40

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    "If the price of oil were to fall below US$40 a barrel, oil companies will not be able to produce oil because the cost will be higher than the revenue," he said.

  • Corporate  |  JANUARY 28, 2015 9:13 PM

    Saudee unit, MyAngkasa sign supply pact

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    Saudee Group Bhd's wholly owned unit, Perusahaan Saudee Sdn Bhd (PSSB), has signed a supply agreement with MyAngkasa Holding Sdn Bhd to supply and deliver MyAngkasa products.

  • Corporate  |  JANUARY 28, 2015 9:08 PM

    Mitrajaya unit gets RM230 mil PPA1M contract

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    Mitrajaya Holdings Bhd wholly owned unit, Pembinaan Mitrajaya Sdn Bhd, has received a RM230 million contract to build three blocks of 20-storey public apartment at Precinct 5 Putrajaya.

  • World Biz  |  JANUARY 28, 2015 9:01 PM

    Boeing Q4 profit gets boost from higher deliveries

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    The company earned US$1.5 billion (RM5.4 billion), or US$2.02 per share, for the fourth quarter ended Dec 31, up from US$1.2 billion, or US$1.61 per share, a year earlier.

  • Commodities & World Biz  |  JANUARY 28, 2015 8:49 PM

    India govt to sell up to 10% stake in Coal India

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    The Indian government will sell as much as 10% in monopoly miner Coal India Ltd in a public offer on Jan 30, the country’s Coal Ministry said in a regulatory filing.

  • Corporate  |  JANUARY 28, 2015 8:37 PM

    Affin Bank opens 106th branch in Kota Damansara

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    Affin Bank Bhd has extended its banking network with the opening of its 106th branch in Kota Damansara here today.

  • Featured and Exclusive & Finance  |  JANUARY 28, 2015 8:28 PM

    Russia misses debt-sale target after ‘junk’ downgrade

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    Russia met half of its fundraising target at its first sale of floating-rate notes in more than a decade, raising 2.5 billion roubles (RM133.4 million) two days after a sovereign credit-rating downgrade.

  • World Biz  |  JANUARY 28, 2015 8:11 PM

    Scandal-hit Petrobras releases unaudited earnings report

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    The much-anticipated results, however, did not include what investors most want to know: a rough estimate of how badly corruption overvalued the company's assets.

  • Corporate  |  JANUARY 28, 2015 8:01 PM

    Sunway REIT completes Georgetown hotel acquisition

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    Sunway REIT Management Sdn Bhd, the management company of Sunway Real Estate Investment Trust (Sunway REIT), has completed the acquisition of Sunway Hotel Georgetown to mark its maiden foray into Penang Island.

  • World Biz  |  JANUARY 28, 2015 7:51 PM

    SAA installs in-flight credit card authorisation system

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    South African Airways (SAA) this week becomes the first airline globally to install the Satellite Authorisation System (SatAuth) which will allow for secure credit card transactions anywhere in the skies.

  • Commodities  |  JANUARY 28, 2015 7:37 PM

    China to keep oil hoard even if prices rebound

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    China is poised to maintain its commercial hoard of more than 200 million barrels of crude within three years even if oil rallies toward US$130 a barrel.

  • World Biz  |  JANUARY 28, 2015 7:24 PM

    StanChart said to seek Asia-focused CEO

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    Standard Chartered Plc is seeking a leader with a tough-to-find mix of Asian experience and regulatory clout as it kicks off the search for a successor to CEO Peter Sands, investors, bankers and headhunters told Reuters.

  • Corporate  |  JANUARY 28, 2015 7:09 PM

    LPI’s pre-tax profit rises to RM341.9 mil

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    LPI Capital Bhd's pre-tax profit for the financial year ended Dec 31, 2014 rose by 33.1% to RM341.9 million from RM256.8 million a year ago.

  • Corporate  |  JANUARY 28, 2015 7:04 PM

    GST will not affect sales, says Coca-Cola

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    The implementation of the goods and services tax (GST) on April 1 will not affect Coca-Cola sales in Malaysia, said Coca-Cola Malaysia-Singapore-Brunei region general manager, Gill McLaren.

  • Property  |  JANUARY 28, 2015 7:02 PM

    Pertam signs JV for 5 projects worth RM337 mil

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    The Melaka Customary Land Development Corporation (Pertam) has entered into joint-venture (JV) agreements with five companies to undertake five different development projects worth RM337 million.

  • World Biz  |  JANUARY 28, 2015 7:01 PM

    Online sales, new collections lift H&M 4Q net profits

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    Swedish clothing retailer Hennes & Mauritz (H&M) on Wednesday reported a 12% increase in fourth quarter net profits, citing growing online sales and well-received collections.

  • Corporate  |  JANUARY 28, 2015 6:59 PM

    Huawei: First China-based company to sign CIP

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    Huawei Technologies (M) Sdn Bhd has become the first China-based company to sign the Corporate Integrity Pledge (CIP) to strengthen its commitment to uphold anti-corruption and integrity principles.

  • Corporate, Featured and Exclusive, Markets  |  JANUARY 28, 2015 6:42 PM

    Khazanah to sell RM1.6 bil worth of Tenaga shares

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    Malaysian state investor Khazanah Nasional Bhd is selling 112 million shares worth up to US$454 million (RM1.6 billion) in Malaysia's largest power group Tenaga Nasional Bhd, according to a term sheet seen by Reuters on Wednesday.

  • Corporate, Economy, Featured and Exclusive, Markets  |  JANUARY 28, 2015 6:31 PM

    BNM holds OPR at 3.25% as ringgit continues to falter

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    Malaysia held its key interest rate steady for a third straight meeting as policy makers contend with a faltering economic outlook while facing pressure to shore up a weakening currency

  • Featured and Exclusive, Markets, Singapore  |  JANUARY 28, 2015 6:09 PM

    SGX CEO hopes Asean will emulate HK-Shangai stock link

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    Singapore Exchange Ltd's chief executive said on Wednesday he is looking to emulate the much-heralded Stock Connect link between Hong Kong and Shanghai by formally linking together Southeast Asian bourses.