• Commodities  |  OCTOBER 1, 2014 6:08 PM

    Rubber prices close lower

    Story by

    Malaysian rubber prices closed lower today following a negative sentiment from the futures market and a steep drop in crude oil prices, a dealer said.

  • Markets  |  OCTOBER 1, 2014 6:05 PM

    Ringgit closes higher against US dollar

    Story by

    The ringgit closed higher against the US dollar today supported by some interventions from Bank Negara to control further sell-off, said a dealer.

  • Markets  |  OCTOBER 1, 2014 6:00 PM

    KL shares end lower on profit-taking

    Story by

    Share prices on Bursa Malaysia ended lower today on profit-taking following the weak regional sentiment after losses on Wall Street overnight.

  • Corporate  |  OCTOBER 1, 2014 5:56 PM

    Prasarana announces leadership portfolio swap

    Story by

    Prasarana Malaysia Bhd today announced changes in its senior leadership team with the swapping of portfolios of two Group Directors effective today.

  • Corporate  |  OCTOBER 1, 2014 5:37 PM

    ABB to supply power technology to Bumi Armada

    Story by

    ABB Ltd has been selected by Bumi Armada Bhd’s subsidiary, Armada Kraken Pte Ltd, to deliver power and automation solutions for the latter’s floating, production, storage and offloading vessel (FSPO) destined for the Kraken oil field in the United Kingdom …

  • Corporate & Economy  |  OCTOBER 1, 2014 5:18 PM

    Start GST preparations early to avoid penalties- Matta

    Story by

    The Malaysian Association of Tour and Travel Agents (Matta) urged its members to register early and start their preparations for the Goods and Services Tax (GST) as non-compliance of the tax rules will be subjected to heavy penalties, said President …

  • Commodities & Corporate  |  OCTOBER 1, 2014 5:14 PM

    Felda says vital for Gov’t to increase replanting grants

    Story by

    Felda Global Ventures Holdings Bhd group president and chief executive officer Mohd Emir Mavani Abdullah says that it crucial for the government to increase its rubber and palm oil replanting programme grants as the current allocation was insufficient.

  • Corporate  |  OCTOBER 1, 2014 4:56 PM

    CIMB Thai appoints Robert Cheim as new board chairman

    Story by

    CIMB Thai Bank PCL has appointed Robert Cheim Dau Meng as the new chairman of its board of directors replacing Chakramon Phasukavanich who has resigned. In a statement, CIMB Thai Bank said the board passed a resolution on Sept 29 …

  • World Biz  |  OCTOBER 1, 2014 4:54 PM

    HK banks and financial firms moving to back-up sites

    Story by

    Some banks and other financial firms have begun moving staff to back-up premises on the outskirts of Hong Kong to prevent growing unrest in the financial hub from disrupting trading and other critical functions.

  • Enterprise  |  OCTOBER 1, 2014 4:50 PM

    Johor allocates RM1.3 mil for agro entrepreneurs

    Story by

    The state government is allocating RM1.3 million this year through the Johor Agriculture Department to assist rural agro-based entrepreneurs under its Projek Pembangunan Usahawan Industri Asas Tani. State Agriculture and Agro-based Industry Committee chairman Ismail Mohamed said the project will …

  • World Biz  |  OCTOBER 1, 2014 4:39 PM

    ICBC wins approval for banking in Myanmar

    Story by

    Industrial & Commercial Bank of China Ltd. and Japan’s three largest banks won approval to start operations in Myanmar, the Southeast Asian nation emerging from five decades of economic isolation. ICBC, Mitsubishi UFJ Financial Group Inc., Sumitomo Mitsui Financial Group …

  • Markets & World Biz  |  OCTOBER 1, 2014 4:36 PM

    Korea’s won is losing appeal to investors

    Story by

    South Korea’s won is losing its appeal to a growing number of global investors who detect signs the central bank will step up efforts to weaken the currency as it marches to a third straight year of gains versus the …

  • OTHERS  |  OCTOBER 1, 2014 4:28 PM

    PWC sees further cuts to corporate tax

    Story by

    PricewaterhouseCoopers Taxation Services Sdn Bhd (PwC) sees a further reduction in the corporate tax as part of the necessary measures to be addressed under the Budget 2015 to be tabled in Dewan Rakyat on Oct 10.

  • World Biz  |  OCTOBER 1, 2014 4:25 PM

    India to build first offshore wind power project

    Story by

    India’s federal government signed an agreement with state-run agencies to build the nation’s first offshore wind power project off the coast of Gujarat, Prime Minister Narendra Modi’s home state. The 100-megawatt project will receive financial support from the government, including …

  • Property  |  OCTOBER 1, 2014 4:03 PM

    Mah Sing to launch new RM275 mil GDV project in Penang

    Story by

    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

    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

    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

    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.