• Corporate, Featured and Exclusive, Finance  |  MARCH 5, 2015 2:25 PM

    CIMB sees oil gain lifting sukuk sales

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    Malaysia’s corporate sukuk sales will rebound from the worst start to a year since 2010 as a recovery in oil prices spurs issuance before the US raises interest rates, according to the top arrangers.

  • Corporate & Property  |  MARCH 5, 2015 2:22 PM

    Bina Puri secures RM128.5 mil spa resort deal in Terengganu

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    Bina Puri Holdings Bhd, the country’s integrated civil and building construction services provider, has secured a RM128.5 million contract to construct a spa resort complex in Chendering Beach, Kuala Terengganu.

  • TigerTalk  |  MARCH 5, 2015 2:14 PM

    Too early to clear RM50 bil 1MDB of wrongdoing

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    [email protected]

    And so the Cabinet has said 1Malaysia Development Bhd (1MDB) has done no wrong. But whichever way Tiger pounces to find new perspectives, it cannot but resign himself to the fact that it is simply too early to exonerate 1MDB.

  • Property  |  MARCH 5, 2015 1:53 PM

    NYC luxury-home prices gain 19% last year

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    New York luxury-home prices rose 19% last year, beating cities around the world, as the US economic recovery gathered pace and a growing number of upscale projects drew overseas buyers.

  • World Biz  |  MARCH 5, 2015 1:46 PM

    China loses 76,000 millionaires to other nations

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    More than 76,000 Chinese millionaires emigrated or acquired citizenship of another country in the decade through 2013 amid global expansion by the nation’s companies.

  • Markets  |  MARCH 5, 2015 1:37 PM

    Rupiah sinks to weakest level since 1998

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    The rupiah dropped to its weakest level since 1998 on concern slowing economic growth in China may worsen the nation’s trade balance.

  • Featured and Exclusive & Markets  |  MARCH 5, 2015 1:32 PM

    Ringgit falls to 6-year low on rate cut speculation

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    Malaysia’s ringgit fell to a six-year low and government bonds rose on speculation the central bank is moving closer to cutting interest rates.

  • Markets  |  MARCH 5, 2015 1:19 PM

    HKEx profit up 14% as expected

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    Hong Kong's stock exchange (HKEx) operator reported on Wednesday a 14% increase in annual profit as expected, with disappointing trading on the stock connect with Shanghai launched in November capping profit growth from the programme.

  • Commodities  |  MARCH 5, 2015 1:07 PM

    KLTM ends higher on technical correction

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    A technical correction saw tin price on the Kuala Lumpur Tin Market (KLTM) close US$50 higher at US$17,800 per tonne, a dealer said.

  • Corporate  |  MARCH 5, 2015 1:01 PM

    Three firms to invest RM600 mil in Medini

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    Three companies have committed a total investment of about RM600 million to set up business services operations in Medini, Iskandar Malaysia, over the next five years.

  • Markets  |  MARCH 5, 2015 12:52 PM

    KL shares lower at mid-day

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    Bursa Malaysia ended the morning session in the red today, with losses mostly seen in selected finance stocks, dealers said.

  • Issues  |  MARCH 5, 2015 12:25 PM

    Petronas’ crashing profits – blip or crisis?

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    [email protected]

    Petronas’ latest financial results, although not entirely surprising, was still jaw dropping - its first quarterly loss since it started reporting results publicly. Is it just a temporary blip, or possibly the makings of a full-blown crisis for Malaysia’s oil giant?

  • Corporate & Featured and Exclusive  |  MARCH 5, 2015 12:17 PM

    SapuraKencana shares fall 7% after Mokhzani’s resignation

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    [email protected]

    SapuraKencana Petroleum Bhd’s shares fell more than 7% during morning trading today after news of vice chairman Mokhzani Mahathir resignation broke.

  • Corporate  |  MARCH 5, 2015 12:15 PM

    TNB shares drop on rejection of Intergrax’s revised offer

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    Tenaga Nasional Bhd's (TNB) shares on Bursa Malaysia declined in early trade today after the Integrax board recommended shareholders reject a revised offer of RM3.25 by the national utility company.

  • World Biz  |  MARCH 5, 2015 11:51 AM

    HBO said to be in talks with Apple, Google on web channel

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    HBO, ramping up plans for an a-la-carte version of its premium channel, is in talks with at least five companies including Apple Inc and Google Inc to distribute the Web-only service, according to people familiar with the matter.

  • World Biz  |  MARCH 5, 2015 11:48 AM

    End of the road for the VW Eos convertible

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    Volkswagen has dropped the Eos convertible from its model line-up, nine years after the Golf-based soft-drop was introduced.

  • Commodities & World Biz  |  MARCH 5, 2015 11:33 AM

    Rubber output to resume growth amid rising production

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    Global natural rubber output could jump over 5% this year after posting its first drop in a half-decade in 2014, as a price rebound prompts more tapping in key producers Thailand, Vietnam and India, a top industry official said.

  • Markets  |  MARCH 5, 2015 11:25 AM

    KL shares remain easier at mid-morning

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    Share prices on Bursa Malaysia remained easier as at mid-morning today as profit taking emerged after the recent gains, dealers said.

  • World Biz  |  MARCH 5, 2015 10:56 AM

    Xiaomi expects more than 50% increase in revenue

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    Xiaomi Corp expects revenue this year to rise more than 50% as China’s biggest smartphone vendor diversifies its product lineup and expands to more overseas markets.

  • World Biz  |  MARCH 5, 2015 10:46 AM

    Lenders want bold overhaul from Japan’s Sharp

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    Loss-making Japanese electronics firm Sharp Corp meets its main banks on Thursday in an effort to secure its second major bailout since 2012, betting they will have little choice but to pay up despite their call for more drastic overhauls.