• World Biz  |  OCTOBER 20, 2014 8:41 PM

    BOE halts electronic transfer after discovering fault

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    The Bank of England (BOE) suspended a “critical” part of the system that handles 575 billion pounds (RM3 trillion) of daily payments between the country’s banks, citing a technical failure.

  • World Biz  |  OCTOBER 20, 2014 8:26 PM

    eBay’s director Andreessen quits

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    eBay Inc said venture capitalist Marc Andreessen will quit its board, after the online retailer announced last month that it is spinning off its electronic payment unit, PayPal.

  • Corporate  |  OCTOBER 20, 2014 8:07 PM

    CIMB PE invests in 7-Eleven franchise in Indonesia

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    CIMB Private Equity (CIMB PE) has acquired a minority stake in PT Modern Internasional Tbk (MDRN), the listed retail operator and owner of the 7-Eleven convenience store franchise in Indonesia.

  • Economy & Finance  |  OCTOBER 20, 2014 7:56 PM

    ECB said to have bought French covered bonds

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    The European Central Bank (ECB) bought covered bonds for the first time since president Mario Draghi unveiled an asset purchase programme last month.

  • World Biz  |  OCTOBER 20, 2014 7:37 PM

    Prudential to invest in RM5.3bil UK tidal power plant

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    Prudential Plc, the largest UK insurer by market value, today said it’s investing in the construction of a tidal lagoon power plant that may generate as much as 8% of Britain’s electricity.

  • Issues  |  OCTOBER 20, 2014 7:34 PM

    Coming out of “retirement”

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    [email protected]

    Former long-time SP Setia boss Liew Kee Sin, now a director in fast-rising Eco World Development Group, is working on a special purpose acquisition company (Spac) eyeing the international property scene. KiniBiz looks at Liew’s line-up for this purpose, which shapes up to be a heavyweight ensemble.

  • World Biz  |  OCTOBER 20, 2014 7:14 PM

    Tesla to sell cars online in China

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    Tesla Motors Inc began taking online orders for its Model S electric car in China today. It is joining General Motors Co and Volkswagen AG in selling vehicles through Alibaba Group Holding Ltd’s online shopping mall.

  • Economy  |  OCTOBER 20, 2014 6:57 PM

    “There is no certainty that the GST will cause prices to rise”

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    There is a likelihood that the implementation of the Goods and Services Tax (GST) will not raise the inflation rate, given the long zero-rated and exempt list, a tax consultant said.

  • Corporate  |  OCTOBER 20, 2014 6:35 PM

    VW M’sia looks to export CKD regionally next year

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    Volkswagen Group Malaysia Sdn Bhd is looking to export its completely knocked down (CKD) models regionally from next year.

  • Commodities  |  OCTOBER 20, 2014 6:17 PM

    Rubber prices end higher

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    The Malaysian rubber market ended higher today, boosted by a series of measures announced by the Thailand government to help rubber farmers in the country, dealers said.

  • Markets  |  OCTOBER 20, 2014 6:09 PM

    Ringgit closes higher against US dollar

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    The ringgit ended higher against the US dollar today on strong buying interest, in sync with most emerging Asian currencies, dealers said.

  • Markets  |  OCTOBER 20, 2014 6:04 PM

    KL shares close higher, CI up 14.83 points

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    Bursa Malaysia closed higher today with the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) up 14.83 points, or 0.83%, to 1,803.14.

  • Corporate  |  OCTOBER 20, 2014 6:01 PM

    DiGi’s 3Q net profit rises 8.5% on higher internet revenue

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    [email protected] Bhd recorded a net profit growth of 8.5% on the back of higher revenue of RM1.8 billion as internet revenue growth leads.

  • Corporate & Economy  |  OCTOBER 20, 2014 5:50 PM

    GST treatment of RON95 petrol ‘unclear’

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    [email protected]

    While RON95 petrol and diesel were made GST-exempt during the Prime Minister’s budget speech on October 10, tax experts say legislation has not been updated to reflect the decision. According to tax experts at a Deloitte seminar today in Kuala …

  • Markets  |  OCTOBER 20, 2014 5:40 PM

    Franklin Templeton eyes M’sian stocks

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    A global investment firm, Franklin Templeton Investments, is looking at increasing its investments in the banking, pharmaceutical and medical stocks in Malaysia.

  • Corporate & Markets  |  OCTOBER 20, 2014 5:27 PM

    RAM revises ratings on RHB, MBSB & outlook for CIMB

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    RAM Ratings Services Bhd has placed a positive watch on all rated entities under RHB Capital Bhd (RHB Capital) and Malaysia Building Society Bhd (MBSB), while reinstating the stable outlook for CIMB Group Holdings Bhd (CIMB).

  • Finance  |  OCTOBER 20, 2014 5:15 PM

    UK’s ambition needs corporate sukuk to work

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    The UK’s ambition to become a global hub for Islamic finance, bolstered by a debut sovereign sukuk in June, needs corporate borrowers to take the baton.

  • Corporate  |  OCTOBER 20, 2014 4:52 PM

    Yinson bags RM127.49mil contract extension

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    Yinson Holdings Bhd has secured a RM127.49 million contract extension from Addax Petroleum Development (Nigeria) Ltd for its floating production storage and offloading (FPSO) vessel, FPSO Knock Adoon.

  • Corporate & Economy  |  OCTOBER 20, 2014 4:43 PM

    ’2015 Budget gives M’sians more spending money’

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    The 2015 Budget gives Malaysians more money to help them in their financial spending as costs of living increase, said

  • World Biz  |  OCTOBER 20, 2014 4:43 PM

    President Energy gains after Paraguay’s first oil discovery

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    President Energy Plc, a UK exploration company, made Paraguay’s first oil discovery, sending its shares surging by the most in eight years in London.