STORIES TAGGED WITH

  • Corporate, Featured and Exclusive, Markets  |  SEPTEMBER 3, 2014 2:37 PM

    BP Healthcare plans first healthcare SPAC

    Story by
    www.reuters.com

    BP Healthcare, a diagnostics-to-laboratory medical group, plan to raise up to RM500 million ringgit through a special purpose acquisition vehicle (SPAC) listing next year.

     
  • World Biz  |  SEPTEMBER 3, 2014 2:27 PM

    Qatar Airways offers new service to Cape Town

    Story by
    www.bernama.com

    Qatar Airways will launch direct flights between Doha and Africa’s Cape Town five times weekly beginning Nov 3, Qatar News Agency (QNA) reported. Cape Town, which is currently served three times a week via Johannesburg, is one of the airline’s …

     
  • Corporate  |  SEPTEMBER 3, 2014 2:13 PM

    Financial results below expectations- Alliance DBS

    Story by
    www.bernama.com

    The financial results for the second quarter of calender year 2014 were below expectations as negative surprises overwhelmed the positives, said Alliance DBS Research today. In a research note today, Alliance DBS said within the company’s coverage universe — aviation, …

     
  • Corporate  |  SEPTEMBER 3, 2014 1:56 PM

    MBM valuation discount unwarranted, says MIDF

    Story by
    [email protected]

    MIDF Research upgraded MBM Resources Bhd to a “Buy” recommendation, with a new target price of RM3.90, noting that the stock’s trading at a price-to-earnings ratio of 7.1 times, which is 23% lower than the stock’s 2-year mean, is unwarranted.

     
  • World Biz  |  SEPTEMBER 3, 2014 1:54 PM

    MasterCard speeds up company payments

    Story by
    www.bloomberg.com

    Basware Oyj and MasterCard Inc will start selling a business-to-business invoicing system that allows suppliers to get paid early, while buyers enjoy extended payment terms. “The solution makes the payment stream more predictable,” Basware chief executive officer Esa Tihilae said …

     
  • Corporate & Featured and Exclusive  |  SEPTEMBER 3, 2014 1:49 PM

    1MDB secures gas-fired plant contract – reports

    Story by
    [email protected]

    According to news reports, 1MDB has been awarded the contract to build and operate a 2,400-megawatt plant by the Energy Commission. The award comes as a surprise, given that it is seven years ahead of its commissioning date.

     
  • World Biz  |  SEPTEMBER 3, 2014 1:47 PM

    Microsoft can’t lose as alumni seek Redmond’s US house seat

    Story by
    www.bloomberg.com

    No matter who wins in one US House district in Washington state in November, Microsoft Corp can’t lose. Democrat Suzan DelBene, the first-term incumbent in the seat that includes Microsoft’s headquarters, is a former executive in the company’s mobile-phone division. …

     
  • World Biz  |  SEPTEMBER 3, 2014 1:41 PM

    UK signs RM18 bil arms deal with General Dynamics

    Story by
    www.reuters.com

    The British government said it would sign a deal worth GBP3.5 billion (RM18.3 billion) on Wednesday with General Dynamics for new armoured fighting vehicles, its biggest single order for such vehicles in over 30 years.

     
  • Commodities  |  SEPTEMBER 3, 2014 1:16 PM

    KLTM fell by US$300 to close at US$21,550 a tonne

    Story by
    www.bernama.com

    The Kuala Lumpur Tin Market (KLTM) fell by US$300 to close at US$21,550 a tonne today on technical correction, dealers said.

     
  • Markets  |  SEPTEMBER 3, 2014 1:12 PM

    KL shares lower at mid-day

    Story by
    www.bernama.com

    Share prices on Bursa Malaysia closed lower at mid-day today, weighed down by losses in selected blue-chips, including Maybank and CIMB.

     
  • World Biz  |  SEPTEMBER 3, 2014 12:57 PM

    Google creates its own cutting edge computer technology

    Story by
    www.bloomberg.com

    Google Inc is broadening efforts to create its own cutting-edge computer technology, seeking to use more artificial intelligence in designs that could someday speed up its services. The company yesterday unveiled a hardware initiative to develop and build processors for …

     
  • World Biz  |  SEPTEMBER 3, 2014 12:53 PM

    Burger King claim move won’t save taxes draws skepticism

    Story by
    www.bloomberg.com

    Daniel Schwartz, chief executive officer of Burger King Worldwide Inc, said last week he doesn’t expect “meaningful tax savings” when the company adopts a new legal address in Canada through the purchase of a doughnut chain there. While Schwartz’s statement …

     
  • World Biz  |  SEPTEMBER 3, 2014 12:24 PM

    LinkedIn reviews China censorship policy

    Story by
    www.bloomberg.com

    LinkedIn Corp expanded into China this year, adopting policies in line with the country’s censorship rules. Now, the world’s largest professional social- networking company is saying it may have gone too far. When a LinkedIn user in China shares a …

     
  • Corporate  |  SEPTEMBER 3, 2014 12:10 PM

    Analysts: Disappointing 2Q results for local companies

    Story by
    [email protected]

    Analysts are downbeat on the performance of local companies during the second quarter of this calendar year (CY2Q14), expecting the market to remain lacklustre going forward.

     
  • Corporate & Markets  |  SEPTEMBER 3, 2014 12:04 PM

    M’sian hi-tech firm to be listed in Aussie stock exchange

    Story by
    www.bernama.com

    AdvanceTC Limited, a Malaysian premier company specialising in the design, development and commercialisation of high-tech mobile wireless computing and telecommunication devices, will be listed on the National Stock Exchange of Australia (NSX) tomorrow.

     
  • Markets  |  SEPTEMBER 3, 2014 11:50 AM

    KL shares lower at mid-morning

    Story by
    www.bernama.com

    Share prices on Bursa Malaysia were lower at mid-morning today, weighed by losses in selected heavyweights.

     
  • Corporate & Featured and Exclusive  |  SEPTEMBER 3, 2014 11:46 AM

    Management consultants hired to rescue MAS

    Story by
    [email protected]

    A “bunch” of big name consultants including Bain & Co, McKinsey & Co and Seabury have been called in to turn around MAS to profitability by end-2017

     
  • World Biz  |  SEPTEMBER 3, 2014 11:40 AM

    Warner Bros studio said planning buyout to boost profit

    Story by
    www.bloomberg.com

    Time Warner Inc’s Warner Bros unit plans to offer buyouts to an unspecified number of workers as part of a drive to increase profit, according to two people with knowledge of the situation. The Burbank, California-based studio, led by chairman …

     
  • Economy  |  SEPTEMBER 3, 2014 11:29 AM

    Malaysia ranked 20th most competitive economy

    Story by
    [email protected]

    The World Economic Forum (WEF) has ranked Malaysia as the 20th most competitive nation among 144 economies in its Global Competitiveness Report (GCR) 2014-2015, the Ministry of International Trade and Industry (MITI) said in a statement today.

     
  • World Biz  |  SEPTEMBER 3, 2014 11:17 AM

    Baidu invests in IndoorAtlas to vie with Alibaba

    Story by
    www.bloomberg.com

    Baidu Inc is investing US$10 million(RM7.6 million) in IndoorAtlas Ltd to expand mapping services inside buildings and shopping centers as China’s largest Web-search service steps up competition to e-commerce giant Alibaba Group Holding Ltd. Baidu and IndoorAtlas also signed an …

     
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