• Corporate  |  JULY 23, 2014 5:30 PM

    Westports 2Q profit flat, moves 14% more containers

    Story by
    [email protected]

    The port operator reported second quarter pre-tax profit of RM148.7 million, up just 1.3% year-on-year on revenue of RM409 million

  • Commodities  |  JULY 23, 2014 5:29 PM

    Rubber market slips slightly on weak external sentiments

    Story by

    The Malaysian rubber market closed slightly lower today on weak external sentiment, a dealer said.

  • Property  |  JULY 23, 2014 5:26 PM

    M’sian developers keen to tap London market

    Story by

    Malaysian developers are keen to tap the London property market with a handful of the new players sizing up the market there. Knight Frank Malaysia Sdn Bhd Associate Director, Herbert Leong, said these companies were looking for sites of less …

  • Corporate  |  JULY 23, 2014 5:18 PM

    Petronas announces first oil production from Bentara field

    Story by

    The Bentara field in the Balai Cluster Risk Service Contract (RSC) area, located offshore Sarawak, has achieved its first oil production on May 25, 2014, said Petroliam Nasional Bhd (Petronas). In a statement here today, it said the field, which …

  • Corporate  |  JULY 23, 2014 4:57 PM

    MDV seeks RM100 mil to promote tech companies

    Story by

    Malaysia Debt Venture Bhd (MDV) seeks RM11 million from from 11th Malaysia Plan to help technology companies bridge the gap between post research and development, and pre-commercialisation.

  • OTHERS & World Biz  |  JULY 23, 2014 4:39 PM

    LG quarterly profits plummets more than 50%

    Story by

    LG Display Co Ltd on Wednesday said quarterly profit fell more than 50% for the second time in three quarters, pulled down by a stronger South Korean won and subdued demand for personal computers (PC) and tablet devices.

  • Markets & World Biz  |  JULY 23, 2014 3:37 PM

    Money-market funds getting new regime; prevents runs

    Story by

    US investors are used to treating money-market mutual funds as the equivalent of a checking account. That is about to change for the riskiest of the funds. The Securities and Exchange Commission votes today to adopt new rules that will …

  • World Biz  |  JULY 23, 2014 3:26 PM

    Icahn makes RM742 mil from stake in Herbalife

    Story by

    Bill Ackman handed Carl Icahn a big reason to think fondly of the hedge-fund manager, a week after the two staged a public reconciliation over disagreements that stretch back a decade. Icahn, 78, made US$234 million (RM742 million) yesterday on …

  • Markets  |  JULY 23, 2014 3:24 PM

    KL shares higher at mid-afternoon

    Story by

    Share prices on Bursa Malaysia were higher at mid-afternoon today amid positive regional sentiment, dealers said.

  • Corporate  |  JULY 23, 2014 3:16 PM

    CIMB plans expansion to Vietnam & Myanmar

    Story by

    CIMB Group Holdings Bhd, Malaysia's second-largest lender, plans to seek banking licences in Vietnam and Myanmar as part of its drive to expand in fast-growing Southeast Asian markets.

  • World Biz  |  JULY 23, 2014 3:13 PM

    LinkedIn to buy Bizo for RM555 mil

    Story by

    LinkedIn Corp., owner of the largest professional-networking website, agreed to buy business- marketing startup Bizo Inc. for about US$175 million (RM555 million). LinkedIn will pay 10% of the purchase price in stock and the rest in cash, the Mountain View, …

  • Markets  |  JULY 23, 2014 3:08 PM

    India’s Sensex rallies for 7th day

    Story by

    India’s benchmark stock index rose for a seventh day, poised for the longest winning streak since September 2012, on better-than-expected company earnings and higher foreign inflows. Bank of Baroda jumped to a two-week high, sending the S&P BSE India Bankex …

  • World Biz  |  JULY 23, 2014 3:01 PM

    Swiss bank EFG sets aside RM13.9 mil for fine

    Story by

    EFG International AG, the Swiss bank controlled by billionaire Spiro Latsis and his family, said it set aside 21.4 million Swiss francs (RM13.9 million) to pay a penalty to US authorities probing tax evasion. That amount represents EFG’s “best estimate …

  • Markets & World Biz  |  JULY 23, 2014 2:50 PM

    Chinese stocks in Hong Kong head for highest level this year

    Story by

    Chinese stocks rallied, sending a gauge of Hong Kong-traded mainland companies to the highest level this year, on speculation the government is accelerating measures to support the housing market. China Vanke Co., the nation’s biggest developer, climbed 3.7% in Hong …

  • Featured and Exclusive & World Biz  |  JULY 23, 2014 2:49 PM

    Apple reports 3Q profits of RM24.4 bil

    Story by

    Apple reported a net profit of US$7.7 billion (RM24.43), or US$1.28 per share, for the Q3 of 2014, the Cupertino, California, company said Tuesday, citing strong iPhone sales.

  • World Biz  |  JULY 23, 2014 2:45 PM

    STMicro posts first profit in 11 quarters on reduced expenses

    Story by

    STMicroelectronics NV, Europe’s largest semiconductor maker, reported its first quarterly profit in more than two years after reducing costs and exiting an unprofitable mobile-chip venture. Second-quarter profit was US$38 million(RM120.5 million), compared with a US$152-million loss a year earlier, the …

  • Corporate  |  JULY 23, 2014 2:44 PM

    WCT upgraded to “buy” after RM342 mil Petronas contract

    Story by
    [email protected]

    BIMB Securities has upgraded WCT Holdings Bhd to a “buy” recommendation based on its new RM342 million contract at the Pengerang project in Johor. The construction company was awarded the contract called Package 20C1 from national oil company Petronas (Petroliam …

  • World Biz  |  JULY 23, 2014 2:36 PM

    Daimler’s 2Q earnings rise 12% on Mercedez-Benz

    Story by

    Daimler AG, the world’s third-largest maker of luxury vehicles, reported a 12% increase in second-quarter profit as deliveries of the top-of-the line Mercedes-Benz S-Class sedan doubled. Earnings before interest and taxes from ongoing business rose to 2.46 billion euros (RM10.5 …

  • Corporate  |  JULY 23, 2014 2:29 PM

    Analysts pessimistic on BAT outlook

    Story by
    [email protected]

    Although most analysts under KiniBiz’s watch said that cigarette manufacturer British American Tobacco (BAT)’s Q2 results were above expectations, they are not optimistic on the outlook for the company and the sector. “The tobacco sector is a sunset industry where …

  • World Biz  |  JULY 23, 2014 2:29 PM

    Toshiba may seek more than RM3 bil in SK Hynix chip suit

    Story by

    Toshiba Corp. said it may increase the damages it is seeking from SK Hynix Inc. over claims the South Korean semiconductor maker wrongfully acquired information related to memory chips. Toshiba filed a 109 billion yen (RM3.17 billion) civil suit in …