STORIES TAGGED WITH

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

    BOE halts electronic transfer after discovering fault

    Story by
    www.bloomberg.com

    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

    Story by
    www.reuters.com

    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

    Story by
    www.bernama.com

    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

    Story by
    www.bloomberg.com

    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

    Story by
    www.bloomberg.com

    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”

    Story by
    [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

    Story by
    www.bloomberg.com

    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”

    Story by
    www.bernama.com

    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

    Story by
    www.bernama.com

    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

    Story by
    www.bernama.com

    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

    Story by
    www.bernama.com

    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

    Story by
    www.bernama.com

    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

    Story by
    [email protected]

    DiGi.com 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’

    Story by
    [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

    Story by
    www.bernama.com

    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

    Story by
    www.bernama.com

    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

    Story by
    www.bloomberg.com

    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

    Story by
    www.bernama.com

    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’

    Story by
    www.bernama.com

    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

    Story by
    www.bloomberg.com

    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.

     
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