STORIES TAGGED WITH

  • World Biz  |  APRIL 21, 2014 10:24 PM

    Temasek invests in travel-focused chocolate chain

    Story by
    www.bernama.com

    Singapore state investor Temasek Holdings (Private) Ltd has invested an undisclosed sum in The Cocoa Trees chain of chocolate shops to take advantage of sharp growth in Asia’s travel retail sector. FNA Group International, the Singapore-based owner of The Cocoa …

     
  • World Biz  |  APRIL 21, 2014 9:28 PM

    UAW withdraws objection to lost election at VW Tennessee plant

    Story by
    www.reuters.com

    The United Auto Workers union on Monday said it was withdrawing its objection claiming undue outside political interference to the result of a February election it lost among workers at the Volkswagen AG plant in Tennessee. UAW President Bob King, …

     
  • Issues  |  APRIL 21, 2014 9:00 PM

    More drama ahead for Selangor water

    Story by
    [email protected]

    Selangor’s chronic water woes may look tantalisingly close to a resolution after the WSIA decision but the main protagonists of the negotiations might still have a few surprises left up their sleeves. KiniBiz gives a roundup of the pivotal figures in Selangor’s water saga.

     
  • World Biz  |  APRIL 21, 2014 8:58 PM

    Kasikornbank introduces ‘open architecture’ sales structure

    Story by
    www.bernama.com

    Kasikornbank’s private banking business is introducing an ‘open architecture’ sales structure for its high net worth individual (HNWI) clients. Under this new strategy, customers can choose to invest in any non-Kasikorn asset management funds which match their interests, to ensure …

     
  • Commodities  |  APRIL 21, 2014 8:39 PM

    CPO futures closes higher

    Story by
    www.bernama.com

    The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher on anticipation seasonal demand. Phillip Futures Sdn Bhd Product Specialist David Ng said prices were, however, limited by disappointing Malaysian palm oil export data. “Cargo surveyor Intertek …

     
  • Corporate  |  APRIL 21, 2014 8:05 PM

    Maybank upgrades Perodua shareholders to buy

    Story by
    [email protected]

    UMW and MBM, Perodua’s largest shareholders, get ‘buy’ calls after correcting up to 28% relative to the KLCI over the past year

     
  • OTHERS  |  APRIL 21, 2014 7:53 PM

    IJM Const bags RM396 mil construction job

    Story by
    [email protected]

    IJM Construction Sdn Bhd, a wholly owned subsidiary of IJM Corp Bhd has secured a RM396 million contract for the main building works for a proposed commercial development in Damansara Utama.

     
  • Corporate & Property  |  APRIL 21, 2014 7:45 PM

    Axis REIT 1Q14 profits up 7%, RM31 mil for distribution

    Story by
    [email protected]

    Axis Real Estate Investment Trust (REIT) has posted a 7.3% increase in pre-tax profits for 1Q14 compared to the corresponding quarter last year. In a regulatory filing today, Axis REIT said its quarterly pre-tax profits for 1Q14 stood at RM22.39 …

     
  • Corporate  |  APRIL 21, 2014 7:38 PM

    KPJ Healthcare expects RM2.5 bil revenue this year

    Story by
    www.bernama.com

    Healthcare service provider, KPJ Healthcare Bhd expects its revenue to hit RM2.5 billion this year as it continuously builds up its capacity. President/Managing Director, Amiruddin Abdul Satar said the company and the industry would continue to enjoy stable growth in …

     
  • Corporate  |  APRIL 21, 2014 7:16 PM

    Zecon cancels proposed privatisation

    Story by
    [email protected]

    Zecon Berhad (Zecon) has cancelled its proposed privatisation by way of withdrawing its proposal to carry out a selective capital repayment (SCR) exercise. The Sarawak-based construction firm said in a filing to Bursa Malaysia today that requirements for a the …

     
  • Corporate  |  APRIL 21, 2014 7:12 PM

    OSK Holdings on the lookout for acquisition targets

    Story by
    www.bernama.com

    OSK Holdings Bhd is eyeing acquisitions of new businesses over the next six months as part of its long-term expansion plan. “Our merger with RHB Capital Bhd has only been 15 months. Now the transition has stabilised with staff settling in,” said chief …

     
  • Corporate  |  APRIL 21, 2014 7:03 PM

    Iris in JV with Swiss firm for GST services

    Story by
    [email protected]

    Technological solutions provider Iris Corporation Bhd has formed a new joint venture (JV) company with Swiss firm Global Blue S. A. (Global Blue) to participate in a government tender to carry out GST refund services in Malaysia. In a filing …

     
  • Corporate  |  APRIL 21, 2014 6:42 PM

    RHB maintains Public Bank’s FY2014 earnings forecast

    Story by
    www.bernama.com

    RHB Research has maintained its earnings forecast of Public Bank Bhd for financial year 2014 at RM4.37 billion after the bank’s first-quarter results met the research house and consensus expectations. In a note today, RHB Research said Public Bank’s first quarter net …

     
  • Commodities  |  APRIL 21, 2014 6:31 PM

    Rubber market closes lower

    Story by
    www.bernama.com

    The Malaysian rubber market dropped sharply today in response to tumbling prices on the Tokyo Commodity Exchange (TOCOM), said a dealer. The dealer said although TOCOM was reported to be technically oversold, traders were of the view that there would be a technical …

     
  • Events & Launches  |  APRIL 21, 2014 6:27 PM

    Volkswagen picks Beijing show for unveiling

    Story by
    [email protected]

    No less than four Volkswagen vehicles made their world premiere at the Auto China car show beginning today in Beijing

     
  • Corporate  |  APRIL 21, 2014 6:07 PM

    ARREIT aims to increase portfolio to RM1.5 bil

    Story by
    www.bernama.com

    AmanahRaya Reit Managers Sdn Bhd (ARRM) will continue to restructure AmanahRaya Real Estate Investment Trust’s (ARREIT) portfolio to RM1.5 billion in the next three years. ARRM, the management company of ARREIT, said in a statement the challenge ahead is to be able to …

     
  • Corporate & Featured and Exclusive  |  APRIL 21, 2014 6:00 PM

    Rafizi: RM100 mil grant scandalous to R&D community

    Story by
    [email protected]

    A RM100 million research and development (R&D) grant disbursed by the Ministry of Science, Technology and Innovation (Mosti) is now being picked apart by PKR strategy director Rafizi Ramli, who is crying foul over its award. In a briefing to …

     
  • Markets  |  APRIL 21, 2014 5:49 PM

    Heavyweights lift FBM KLCI to close marginally higher

    Story by
    www.bernama.com

    Shares on Bursa Malaysia ended the day marginally higher on continued buying support for selected heavyweights. The FTSE Bursa Malaysia KLCI (FBM KLCI) rose 0.5% or 10.24 points to hit its highest level in two-and-a-half weeks at 1,862.93 points, after hovering between 1,849.69 …

     
  • Markets  |  APRIL 21, 2014 5:48 PM

    Ringgit closes lower against US dollar

    Story by
    www.bernama.com

    The ringgit closed lower against the US dollar today on lack of leads due to the Easter Holidays, dealers said. At 5pm, the local unit was quoted at 3.2495/2515 against the greenback compared with Friday’s 3.2390/2420. A dealer said many markets around the …

     
  • Corporate  |  APRIL 21, 2014 5:46 PM

    Affin to increase SME portfolio to fortify balance sheet

    Story by
    www.bernama.com

    Affin Holdings Bhd aims to increase it small and medium enterprise (SME) portfolio to 10% from 8.0% this year as part of its move to fortify its balance sheet. Chief executive officer Zulkiflee Abbas said the group saw a lot of opportunities in …

     
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