STORIES TAGGED WITH

  • Property  |  OCTOBER 1, 2014 4:03 PM

    Mah Sing to launch new RM275 mil GDV project in Penang

    Story by
    www.bernama.com

    Property developer Mah Sing Group Bhd will launch a new project named as The Coastal in Penang, on Oct 4 in conjunction with its 20th anniversary celebrations over the weekend.

     
  • Markets  |  OCTOBER 1, 2014 3:52 PM

    KL shares lower at mid-afternoon

    Story by
    www.bernama.com

    Bursa Malaysia eased at mid-afternoon today with losses seen in selected key heavyweights led by UMW Holdings, which fell 26 sen to RM12.00, on persistent selling pressure.

     
  • Finance & World Biz  |  OCTOBER 1, 2014 3:38 PM

    Adidas to start shareholder return programme

    Story by
    www.bloomberg.com

    Adidas AG, the world’s second-largest sporting-goods maker, said it will start a multi-year shareholder return programme of as much as 1.5 billion euros (RM6.2 billion). The share buyback, which will begin in the fourth quarter of this year, will be …

     
  • Corporate  |  OCTOBER 1, 2014 3:32 PM

    KWAP emerges as substantial shareholder in Dayang

    Story by
    [email protected]

    Kumpulan Wang Persaraan (Diperbadankan), otherwise known as KWAP, has emerged as a substantial shareholder in Dayang Enterprise Holdings Bhd. A filing with the regulator today showed that the pension fund bought 2.48 million shares in the company on Sept 24, …

     
  • Corporate  |  OCTOBER 1, 2014 3:29 PM

    Tambun Indah gets go-ahead for RM150 mil land buy

    Story by
    [email protected]

    Penang property developer Tambun Indah Land Bhd has received shareholder approval for the acquisition of 209-acre land in Seberang Perai for RM150 million. According to a statement today, the acquisition of the 27 contiguous parcels of land by Tambun Indah’s …

     
  • Featured and Exclusive & World Biz  |  OCTOBER 1, 2014 3:17 PM

    Modi aims for cleaner and more hygienic India

    Story by
    www.bloomberg.com

    India’s Prime Minister Narendra Modi aims to clean the country of litter and rubbish. For this, he’s arming top executives of state-run companies with brooms and also asking them to build toilets.

     
  • Corporate, Featured and Exclusive, Singapore, World Biz  |  OCTOBER 1, 2014 3:15 PM

    Maybank among foreign banks to win Myanmar bank licenses

    Story by
    www.reuters.com

    Maybank was among nine foreign banks, including three Japanese lenders and Australia's ANZ, granted approval by Myanmar in a move aimed at spurring foreign investment.

     
  • Corporate  |  OCTOBER 1, 2014 3:00 PM

    Reserve margins could fall with delay of new plants

    Story by
    [email protected]

    Peninsular Malaysia’s reserve margins could fall further to 10% if some new power plants are delayed, Maybank IB Research said in a report today. It said that Peninsular Malaysia’s reserve margin would drop below 20% in 2014-2020.  “New capacity will …

     
  • Featured and Exclusive & World Biz  |  OCTOBER 1, 2014 2:45 PM

    Softbank said to invest in Legendary Entertainment

    Story by
    www.bloomberg.com

    SoftBank Corp, the Japanese telecommunications company run by Masayoshi Son, is in talks to invest in 'Godzilla' studio Legendary Entertainment, according to two people with knowledge of the matter.

     
  • Featured and Exclusive & World Biz  |  OCTOBER 1, 2014 2:31 PM

    FCA investigates Tesco’s profit overstatement

    Story by
    www.bloomberg.com

    Tesco Plc said the Financial Conduct Authority has started a full investigation after the UK’s biggest retailer disclosed its profit estimate was overstated.

     
  • Corporate  |  OCTOBER 1, 2014 2:29 PM

    Pacific Mutual pays RM16.6 mil in income distributions

    Story by
    [email protected]

    Pacific Mutual Fund Bhd, an investment management company under the OCBC Group, announced income distributions for five funds, amounting to RM16.6 million.

     
  • Corporate & Enterprise  |  OCTOBER 1, 2014 1:59 PM

    Uber launches new product for Southeast Asia

    Story by
    [email protected]

    Ride-sharing service Uber has unveiled a new product for the Southeast Asian market, even as the company is receiving flak from the authorities about their UberX line in Malaysia.

     
  • Commodities  |  OCTOBER 1, 2014 1:38 PM

    KLTM closes at 14-month low of US$20,150 a tonne

    Story by
    www.bernama.com

    The Kuala Lumpur Tin Market (KLTM) closed at a 14-month low of US$20,150 a tonne, down by US$250, while tracking the downtrend in the metal price on the London Metal Exchange (LME), a dealer said.

     
  • Corporate  |  OCTOBER 1, 2014 1:21 PM

    Gov’t may bring forward corporate tax cut, say analysts

    Story by
    www.bernama.com

    Most economists predict that the government will accelerate the effective date of corporate tax reduction during the upcoming Budget 2015 tabling scheduled on Oct 10.

     
  • Markets & Singapore  |  OCTOBER 1, 2014 1:15 PM

    Genting Singapore shorts at highest in a year

    Story by
    www.bloomberg.com

    Short-sellers are betting that Genting Singapore Plc, the worst-performing stock on the city’s benchmark equity index this year, has further to fall amid plunging earnings at Southeast Asia’s biggest casino operator. Bearish bets on the stock climbed to the highest …

     
  • Markets  |  OCTOBER 1, 2014 1:11 PM

    KL shares higher at mid-day

    Story by
    www.bernama.com

    The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was higher at the end of the morning session today, led by palm oil stocks.

     
  • Corporate  |  OCTOBER 1, 2014 1:05 PM

    Leadership energy needed to move forward, says Zeti

    Story by
    www.bernama.com

    The demand on leadership going forward will be immense and requires tremendous energy that needs to be sustainable, Bank Negara Malaysia governor Zeti Akhtar Aziz said.

     
  • Corporate  |  OCTOBER 1, 2014 1:03 PM

    Kulim may settle for less after Sime Darby walks away

    Story by
    [email protected]

    After Sime Darby passes on Kulim’s 49% stake in New Britain Palm Oil Ltd, Felda Global Ventures may have their shot at clinching the deal

     
  • Featured and Exclusive & World Biz  |  OCTOBER 1, 2014 12:52 PM

    EBay splits off Paypal which is now open for takeover

    Story by
    www.bloomberg.com

    EBay announced yesterday that it’s spinning off the PayPal payment-services business from its online marketplaces to unlock value at a RM229.6 billion company whose valuation has been sagging lately.

     
  • Corporate & Property  |  OCTOBER 1, 2014 12:38 PM

    Construction industry hopes for lower machinery tax

    Story by
    www.bernama.com

    The construction industry hopes the government will lower import tax on machinery in Budget 2015 to boost productivity among businesses.

     
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