• Issues & TigerTalk  |  APRIL 28, 2015 11:30 AM

    Let EPF decide on withdrawal age

    Story by
    [email protected]

    The PM’s announcement last Thursday that the full withdrawal age limit would remain at 55 caught the public by surprise, as EPF was just two days into its online public consultation process on the withdrawal age options. Tiger thinks that the PM jumped the gun, thus undermining EPF.

  • Featured and Exclusive & World Biz  |  APRIL 28, 2015 11:07 AM

    World’s largest tequila maker sell bonds for whiskey buy

    Story by

    JB y Cia SA, the family-owned controller of Jose Cuervo tequila, plans to sell bonds for the first time to help pay for the acquisition of whiskey-maker Bushmills. Bank of America Corp and Citigroup Inc are arranging investor meetings in …

  • Featured and Exclusive & World Biz  |  APRIL 28, 2015 11:03 AM

    iPhones demand fueling Apple’s sales & profit

    Story by

    Apple Inc’s iPhone is reeling in buyers in China, sending quarterly profit up by 33% and fueling a surge in growth that led the company to boost its capital-return program by US$70 billion (RM250.6 billion). Net income in the period …

  • World Biz  |  APRIL 28, 2015 10:32 AM

    Yahoo unveils new video series to woo consumers

    Story by

    Yahoo! Inc is rolling out 18 new series in a digital video push, stepping up its efforts to woo marketers and consumers with premium content. The new offerings from the Web portal will bring its total to 55 series, the …

  • Opinion  |  APRIL 28, 2015 10:18 AM

    Are the Good Times Over?

    Story by

    In the 25 years before the Great Recession of 2008-2009, the United States experienced two brief, mild recessions and two strong, long expansions. Globally, incomes grew briskly; inflation abated; and stock markets boomed. Moreover, the recovery from the last major …

  • Markets  |  APRIL 28, 2015 10:13 AM

    KL shares open higher

    Story by

    Kuala Lumpur shares opened higher but turned easier thereafter, awaiting the participation of market players who were on the sidelines in the absence of fresh impetus. At 9.18 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.080 of a point better …

  • Finance & Markets  |  APRIL 28, 2015 9:39 AM

    Ringgit opens higher against US dollar

    Story by

    The ringgit opened higher against the US dollar, following weaker US economic data

  • World Biz  |  APRIL 28, 2015 9:33 AM

    Chinese rail firm inks RM19 bil worth of deals in Africa

    Story by

    China Railway Construction Corp Ltd (CRCC) has signed two deals worth a combined US$5.5 billion (RM19.7 billion) for construction projects in Africa, Xinhua reported late on Monday, as the country’s railway firms increasingly flex their muscle overseas. CRCC’s China Civil Engineering Construction Corporation (CCECC) …

  • World Biz  |  APRIL 28, 2015 9:15 AM

    Deutsche Bank’s new strategy fails to impress investors

    Story by

    After six months of review and three statements in four days, Deutsche Bank AG laid out a new strategy Monday that underwhelmed investors. The plan, which calls for Germany’s largest lender to sell part of its consumer operation and shrink …

  • Featured and Exclusive & Markets  |  APRIL 28, 2015 8:45 AM

    Asia’s regional benchmark index at 7-Year high

    Story by

    Asian stocks rose, with the regional benchmark index extending a seven-year high, as investors weighed company profits. The MSCI Asia Pacific Index rose 0.3% to 157.03 as of 9:04 am in Tokyo after closing yesterday at the highest since January …

  • Commodities  |  APRIL 28, 2015 8:24 AM

    Miti begins steel coils anti-dumping probe

    Story by

    The Ministry of International Trade and Industry (Miti) has initiated a preliminary anti-dumping probe on the imports of steel coils from China and Vietnam. In a statement today, MITI said it has received a petition from a domestic producer, requesting an imposition of …

  • Finance & Markets  |  APRIL 28, 2015 8:08 AM

    Euro at 3-week peak against US dollar on Greece optimism

    Story by

    The euro scaled a three-weak peak against the dollar on Monday, on optimism about Greece’s prospects after the government reshuffled its bailout negotiating team as the cash-strapped country seeks to avoid a default. Greece looks set to run out of …

  • Issues  |  APRIL 28, 2015 8:00 AM

    How GST can be made easier

    Story by
    [email protected]

    What is clear is that the authorities in charge of implementing GST must work towards making its many facets more easily navigable. This includes simplifying the processes for compliance and a better decision-making mechanism when conflicts arise.

  • Commodities & Featured and Exclusive  |  APRIL 28, 2015 7:46 AM

    Gold rallies above US$1,200 per oz

    Story by

    Gold jumped more than 2% on Monday above US$1,200 an ounce, on track for its biggest one-day rise since January as the rally had some dealers scrambling to cover short positions and the May options expiry triggered more buying. The …

  • Commodities  |  APRIL 28, 2015 7:30 AM

    Oil settles lower as supply glut counters Yemen worries

    Story by

    Crude settled lower on Monday as ample global supply blunted support from the conflict in Yemen and the falling number of US rigs drilling for oil and kept traders cautious after prices reached 2015 peaks last week. US commercial crude …

  • Markets  |  APRIL 28, 2015 7:13 AM

    US stocks end lower, led by losses in biotech shares

    Story by

    US stocks ended down on Monday, led by losses in biotech shares after disappointing news from several companies including Amgen. The Nasdaq Biotech Index sank 4.1%, its biggest daily percentage loss since March 25, while the S&P Healthcare index, down …

  • World Biz  |  APRIL 27, 2015 11:16 PM

    Google launches portal to buy patents

    Story by

    Google Inc said it will launch an experimental portal that allows interested patent holders to sell their patents to the company. Patent holders can tell Google about the patents they’re willing to sell and the expected price through the portal, the company said on …

  • Corporate  |  APRIL 27, 2015 11:12 PM

    LRT Line 3 at finalising stage, says Prasarana

    Story by

    Prasarana Malaysia Bhd is planning to improve and enhance its rail stations with more environmentally friendly facilities that could serve the public better. Prasarana group managing director Azmi Abdul Aziz said a station should no longer merely be a station but should also …

  • Corporate  |  APRIL 27, 2015 11:06 PM

    Ministry to provide loans to open GR!N Stores

    Story by

    Energy, Green Technology and Water Minister Mahdzir Khalid said his ministry is prepared to give loans to companies keen on opening shops that promote environmentally friendly products. To qualify for the Green Technology Funding Scheme (GTFS), companies have to have certification such as …

  • Corporate  |  APRIL 27, 2015 11:00 PM

    Best Western i-City eyes 80% occupancy rate

    Story by

    The newly-launched Best Western hotel at i-City, a 29.14-hectare freehold ultrapolis here, is expected to have an occupancy rate of 80% by year-end. I-Bhd deputy chairman Eu Hong Chew said the hotel which has a gross development value of RM50 million is set …

  • Corporate  |  APRIL 27, 2015 9:34 PM

    TA initiates coverage on Malakoff

    Story by
    [email protected]

    Research house TA Securities initiated coverage on Malakoff Corporation Bhd, citing the stock as a defensive play and is of the opinion that it fills the gap of a “good and predictable dividend play in the power sector of Malaysia”. …

  • Economy  |  APRIL 27, 2015 9:24 PM

    ‘People-centred Asean vision to drive AEC achievements’

    Story by

    The “People-Centred Asean” vision will drive major achievements in the Asean Economic Community (AEC) as it will improve further, interactivity among the people, said Minister in the Prime Minister’s Department Abdul Wahid Omar. He said with the advent of technology and better connectivity, …

  • Corporate  |  APRIL 27, 2015 9:04 PM

    Pesona Metro to acquire 90% stake in Selasih Asli

    Story by

    Pesona Metro Holdings has signed a share sale agreement with Semarak Korporat Sdn Bhd to acquire 90% stake in Selasih Asli Sdn Bhd for RM60 million. In a statement today, Pesona Metro said the acquisition would enable it to obtain and participate in …

  • Corporate  |  APRIL 27, 2015 9:00 PM

    Amanah Harta Tanah PNB to buy RM240 mil land, mall

    Story by

    Amanah Harta Tanah PNB (AHP) is buying 5.35 hectares of commercial land including a three-storey mall cum hypermarket in Negeri Sembilan from Mydin Mohamed Holdings Bhd for RM240 million. In a filing to Bursa Malaysia, AHP said the proposed acquisition would enhance its …

  • Corporate  |  APRIL 27, 2015 8:49 PM

    Firms reminded to submit GST returns from May 1

    Story by

    A total of 74,909 companies are reminded to submit their goods and services tax (GST) returns from May 1-31, said the Royal Malaysian Customs Department. Customs GST division director Subromaniam Tholasy said the figure involves 58,773 companies which are to submit their returns …

  • Economy  |  APRIL 27, 2015 8:24 PM

    Call for Asean public-private partnership framework

    Story by

    A well-structured legal framework on a public-private partnership (PPP) must be established in all Asean countries before the initiative could be introduced on a regional basis. Thai representative to the Asean Connectivity Coordinating Committee Pradap Pibulsonggram said Malaysia, Thailand and Vietnam are …

  • World Biz  |  APRIL 27, 2015 8:17 PM

    Sinopec group president said under probe

    Story by

    Wang Tianpu, president of state energy firm China Sinopec Group, is under investigation for suspected “serious disciplinary violations”, the country’s anti-graft watchdog said on Monday. China Central Commission for Discipline Inspection (CCDI) posted a one-line statement on its website. Sinopec spokesperson Lu …

  • World Biz  |  APRIL 27, 2015 8:13 PM

    For HK regulator, HSBC presents major challenges

    Story by

    A move by British banking giant HSBC to relocate its headquarters back to Hong Kong would present major challenges to the city’s banking watchdog, regulatory experts said. The Hong Kong Monetary Authority (HKMA) is regarded as one of Asia’s leading regulators and has experience …

  • Enterprise  |  APRIL 27, 2015 7:55 PM

    Asean leaders keen to promote SMEs

    Story by

    Asean leaders have expressed keen interest in promoting small medium enterprises (SMEs) as the driving force for the proposed Asean Economic Community. “They realise that emphasis should be given to SMEs and Asean can further work together in this regard,” said Asean Business …

  • Events  |  APRIL 27, 2015 7:41 PM

    iProperty to host property expo in Johor

    Story by

    Malaysia’s leading property website,, is set to launch its first property exhibition in Johor on May 1-3. Group managing director and chief executive officer Georg Chmiel said the Home & Property Investment Fair will be held at Komtar Johor Bahru City …

  • Corporate & Featured and Exclusive  |  APRIL 27, 2015 7:30 PM

    RHB appoints Khairussaleh as group CEO, group MD

    Story by

    The RHB Banking Group has appointed Khairussaleh Ramli as the group chief executive officer (CEO) and group managing director (MD) of RHB Banking Group with effect from May 5, 2015. It also announced the appointment of Khairussaleh as CEO and MD of …

  • World Biz  |  APRIL 27, 2015 7:19 PM

    F1′s Williams posts largest annual loss since IPO

    Story by

    Williams Grand Prix Holdings Plc posted its biggest annual loss since becoming the first Formula One team owner to sell shares to the public in 2011.

  • Corporate  |  APRIL 27, 2015 7:11 PM

    Borneo Oil to raise RM223.39 mil via rights issue

    Story by

    Borneo Oil Bhd (BornOil) is raising RM223.39 million through a proposed rights issue with free warrants, aimed at expanding its lucrative gold mining activities in Peninsular Malaysia. The exercise would strengthen BornOil’s gold mining activities, which comes under the oil, gas and energy-related …

  • Corporate & Featured and Exclusive  |  APRIL 27, 2015 7:02 PM

    Bursa unveils new eServices

    Story by

    Bursa Malaysia Bhd has launched a new listing information network system, Bursa Link, and an online listing enquiry service, AskListing@Bursa, for the marketplace. In a statement today, Bursa Malaysia said the new eServices will serve as channels for it to move all enquiries …

  • Corporate  |  APRIL 27, 2015 6:54 PM

    Ahmad Maslan wants swift action against errant traders

    Story by

    The Domestic Trade, Cooperatives and Consumerism Ministry (KPDNKK) and the Royal Malaysian Customs Department are urged to speed up prosecution against traders who flout the law regarding the goods and services tax (GST) as a lesson to other traders. Deputy Finance Minister …

  • Corporate  |  APRIL 27, 2015 6:47 PM

    J-Biotech eyes RM500 mil in investments this year

    Story by

    The Johor Biotechnology and Biodiversity Corp (J-Biotech) is targeting RM500 million worth of investment for this year, compared to RM37.5 million last year.

  • Corporate  |  APRIL 27, 2015 6:40 PM

    Retailers urged to join price cut campaign

    Story by

    The Price Reduction Campaign, which began in 2008, is not just for hypermarkets, the Dewan Negara was told today. Deputy Domestic Trade, Cooperatives and Consumerism Minister Ahmad Bashah Md Hanipah said mini markets, manufacturers and retailers are also welcomed to join the …

  • Corporate  |  APRIL 27, 2015 6:34 PM

    TNB Q2 profit climbs 24%

    Story by

    Tenaga Nasional Bhd, Malaysia’s largest power firm, said on Monday its net profit for the first quarter ended February rose 24% to RM2.16 billion from a year earlier, helped by stronger electricity sales. Malaysia hiked its tariff rates by 12.6% in Peninsular Malaysia …

  • Economy  |  APRIL 27, 2015 6:30 PM

    Asean leaders say ‘no’ to non-tariff barriers

    Story by

    Asean leaders have agreed that non-tariff barriers need to be addressed by the regional grouping to further boost free movement of goods and services. The need to remove barriers to trade was expressed by most Asean leaders, Prime Minister Najib Abdul Razak said. …

  • Markets  |  APRIL 27, 2015 6:24 PM

    KL shares end lower on profit taking

    Story by

    Bursa Malaysia finished lower today on profit taking in selected blue chips and heavyweights, a dealer said. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell three points to 1,859.58 after fluctuating between 1,859.18 and 1,867.53 throughout the day. The …

  • Commodities  |  APRIL 27, 2015 6:16 PM

    Rubber market closes marginally higher

    Story by

    The Malaysian rubber market closed marginally higher today, boosted by the sharp increase in crude oil prices. A dealer said the favourable development also positively influenced the regional markets. The Malaysian Rubber Board’s noon price for tyre-grade SMR 20 gained 3 sen to …

  • Markets  |  APRIL 27, 2015 6:05 PM

    Ringgit ends slightly higher against US dollar

    Story by

    The ringgit ended higher against the US dollar today, on mild buying support for the local note following weaker US economic data, a dealer said. At 5pm, the ringgit was quoted at 3.5655/5685 against the greenback compared with 3.5790/5830 on Friday. The dealer …

  • Corporate & Featured and Exclusive  |  APRIL 27, 2015 6:02 PM

    KL-Singapore rail link may miss deadline

    Story by
    [email protected]

    The high-speed rail project linking Kuala Lumpur and Singapore may be delayed by two years from 2020, The Business Times Singapore reported today, citing sources close to the project. According to the paper, the sources said that 2022 may be …

  • TigerTalk  |  APRIL 27, 2015 5:56 PM

    BAT: Pack leader no more?

    Story by
    [email protected]

    While the recent price reversions by the tobacco company can be seen as teething problems from the implementation of GST, Tiger is intrigued. The string of price changes, both upwards and down, over the past few months has Tiger wondering, has BAT lost its crown?

  • Corporate  |  APRIL 27, 2015 5:27 PM

    Mida: MNCs capitalise on Apac aerospace supply chain

    Story by

    Multinational companies (MNCs) are capitalising on the opportunities presented by the aerospace supply chain within the region, following a huge growth in Asia-Pacific towards the industry. Malaysian Investment Development Authority (Mida) deputy chief executive officer Phang Ah Tong said currently some MNCs are …

  • Economy  |  APRIL 27, 2015 4:51 PM

    Ministry launches Young Agropreneur Tour

    Story by

    The Young Agropreneur Tour in rural areas will be enhanced to encourage the young to venture into the agriculture business to reduce the country’s dependence on imported products by 2020. Agriculture and Agro-Based Industry Minister Ismail Sabri Yaakob said the country spends billions …

  • Markets  |  APRIL 27, 2015 4:29 PM

    KL shares remain almost flat at mid-afternoon

    Story by

    Shares on Bursa Malaysia were traded lower at mid-afternoon today, but the key index was almost flat, supported by mild buying momentum in selected blue chips. At 3.12pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,863.52, up 0.94 point, with gains …

  • Corporate  |  APRIL 27, 2015 4:25 PM

    MHB Q1 pre-tax profit rises slightly to RM35 mil

    Story by

    Malaysia Marine and Heavy Engineering Holdings Bhd’s (MHB) pre-tax profit for the first quarter ended March 31, 2015 rose to RM35 million from RM34.09 million recorded in the same period a year ago. Revenue increased to RM719.5 million from RM671.46 million previously, MHB said …

  • Corporate  |  APRIL 27, 2015 4:19 PM

    Maxis posts RM455 mil profit in Q1

    Story by

    Maxis Bhd registered a solid subscriber growth and enhanced data usage, driven by its value propositions and high-performing network in its first quarter of 2015 (1Q15). For the first time since 2010, Maxis bucked the trend of a traditionally slow first quarter (Q1) to deliver a service revenue of RM2.13 billion, up 1.6% from 4Q14. The quarter also saw Maxis adding 328,000 new revenue-generating subscriptions (RGS), bringing its total RGS base to 12 million. With its network modernisation and long-term …

  • Issues  |  APRIL 27, 2015 4:00 PM

    A discussion on raising the withdrawal age

    Story by
    [email protected]

    Recently, KINIBIZ’ P Gunasegaram had a discussion on business radio station BFM with BFM’s David Chew, Julian Ng and Melisa Idris on EPF’s proposal to raise the full withdrawal age limit to 60. Below are excerpts from the interview.