• Singapore & World Biz  |  MARCH 31, 2015 11:30 PM

    SIA denies buying stake in HK Airlines

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    Singapore Airlines Ltd (SIA) denied on Tuesday a media report that it is in talks to buy a stake in Hong Kong Airlines International Holdings Ltd.

  • Corporate  |  MARCH 31, 2015 11:24 PM

    Mosti sets aside RM50 mil for ‘buy back’ policy

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    The Science, Technology and Innovation Ministry (Mosti) has allocated RM50 million for the "buy back" policy of high innovative products produced by local companies.

  • Corporate  |  MARCH 31, 2015 11:16 PM

    Angkasa plans to issue int’l syariah-compliant certificates

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    The National Cooperative Movement of Malaysia (Angkasa) is planning to introduce a syariah-compliant certificate for international level following greater interest from foreign countries for Islamic finance and halal products.

  • Corporate  |  MARCH 31, 2015 11:12 PM

    MaGIC Accelerator applications start tomorrow

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    The applications for MaGIC Accelerator Programme (MAP), the largest accelerator programme in Southeast Asia, will open tomorrow.

  • Corporate  |  MARCH 31, 2015 11:07 PM

    Bus fares depend on other factors too, says minister

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    The fixing of bus fares is not only subjected to fuel price alone, but also depends on several other costs, said Minister in the Prime Minister's Department Nancy Shukri.

  • Corporate  |  MARCH 31, 2015 11:00 PM

    GST right thing for economy, says Maybank CEO

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    The implementation of the goods and services tax (GST) to be enforced by the government on April 1, is the right thing for the economy, said Maybank group president and chief executive officer Abdul Farid Alias.

  • Corporate, Economy, Featured and Exclusive  |  MARCH 31, 2015 10:55 PM

    ‘Ringgit outflow jumps 146% from 2011 to 2014′

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    The ringgit outflows increased by 146% to RM32.1 billion from 2011 to Dec 31, 2014, Deputy Finance Minister Chua Tee Yong said.

  • Corporate & Featured and Exclusive  |  MARCH 31, 2015 10:43 PM

    No price hike for petrol and diesel, govt says

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    Pump prices for RON95, RON97 and diesel will remain unchanged tomorrow. RON97 will, however, be charged the 6% goods and services tax which comes into force tomorrow, Bernama reported.

  • Commodities & Featured and Exclusive  |  MARCH 31, 2015 9:04 PM

    Opec output rises to 19-month high; led by Iraq, Libya

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    The Organisation of Petroleum Exporting Countries (Opec) oil production rose in March to the highest level since August 2013, led by gains in Iraq and Libya.

  • Corporate  |  MARCH 31, 2015 8:58 PM

    Crescendo’s FY15 PBT dips slightly to RM155.53 mil

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    Crescendo Corporation Bhd's pre-tax profit for the financial year ended Jan 31, 2015 (FY15) declined to RM155.53 million from RM159.01 million recorded in the previous year.

  • Corporate  |  MARCH 31, 2015 8:53 PM

    Prices at Pasar Tani to remain unchanged, assures minister

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    Agriculture and Agro-based Industry Minister Ismail Sabri Yaakob has given assurance that the prices of goods at 580 farmers' markets nationwide will remain unchanged even after the goods and services tax (GST) takes effect tomorrow.

  • Corporate  |  MARCH 31, 2015 8:36 PM

    KL Monorail resumes normal service

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    Rapid KL's monorail service was back to normal at 4pm today after operating on degraded mode without the support of automatic signalling system since yesterday due to damaged transmission cables.

  • Corporate  |  MARCH 31, 2015 8:26 PM

    No GST for Family Takaful plans

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    Family Takaful plans are not subjected to the goods and services tax (GST) while General Takaful plans will be charged under the new tax regime, said the Malaysian Takaful Association (MTA).

  • Markets  |  MARCH 31, 2015 8:21 PM

    Uncertainties drive ringgit’s fluctuation, says Maybank

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    Uncertainties in the currency market driven by greed and fear have led to the fluctuation of the value of the ringgit, which should be trading at RM3.30 versus the US dollar based on the currency fundamentals, said Maybank president and chief executive Abdul Farid Alias.

  • Corporate  |  MARCH 31, 2015 8:15 PM

    Govt grants RM28.5 mil to QAV Tech, AMD Export

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    The federal government, through the Northern Corridor Implementation Authority (NCIA), has channelled RM28.5 million to QAV Technologies Sdn Bhd and AMD Export Sdn Bhd to assist them become world-class companies.

  • Corporate  |  MARCH 31, 2015 8:06 PM

    Karex unit acquires land in Johor

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    Karex Industries Sdn Bhd (KISB), a wholly owned subsidiary of Karex Bhd, has signed two agreements with Tropical Produce Co (Pte) Ltd (TPC) to purchase two pieces of land measuring about 4.53 hectares in Pontian, Johor for RM14.8 million.

  • Corporate  |  MARCH 31, 2015 8:02 PM

    Azman Ujang joins PUNB’s board

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    Former Malaysian National News Agency (Bernama) general manager Azman Ujang has been appointed as a board member of Perbadanan Usahawan Nasional Berhad (PUNB) effective April 1.

  • Corporate  |  MARCH 31, 2015 7:52 PM

    TA Global’s FY15 PBT surges to RM201.28 mil

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    TA Global Bhd's pre-tax profit for the financial year ended Jan 31, 2015 surged to RM201.28 million from RM116.79 million recorded in the same period last year.

  • Featured and Exclusive & Finance  |  MARCH 31, 2015 7:47 PM

    Knowns and unknowns of China-led AIIB, so far

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    The Americans and Japanese are holding out, there’s scuffles in Taiwan and the Colombians appear to want a redo of the title. Hurdles aside, China’s 18-month-old plan to start the first new multilateral development lender in decades has won support from governments around the world.

  • Corporate  |  MARCH 31, 2015 7:37 PM

    HSBC: Netting Act benefits corporates, institutions

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    The Netting of Financial Agreements Act, which came into force on Monday, will provide a number of benefits to the corporate and institutional sectors, said HSBC Bank Malaysia Bhd today.