• Corporate & Featured and Exclusive  |  MARCH 30, 2015 9:52 PM

    Tenaga takeover of Integrax becomes unconditional

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    Tenaga Nasional Bhd (TNB) has now more than a 50% stake in Integrax Bhd, thus fulfilling the condition set in its revised offer to acquire all the remaining ordinary shares in the Lumut port operator at RM3.25 per share.

  • Corporate & Featured and Exclusive  |  MARCH 30, 2015 9:42 PM

    Gov’t will ensure GST not a burden to the people, says PM

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    Najib Abdul Razak said today the government is committed to ensuring that the implementation of the Goods and Services Tax (GST) will not burden the people.

  • Singapore  |  MARCH 30, 2015 9:14 PM

    Amcorp, Temasek in RM5.5 bil UK development project

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    Amcorp Properties Bhd (Amprop) is set to redevelop Sampson House and Ludgate House in London into a mixed development project with a total gross development value of RM5.5 billion.

  • Corporate  |  MARCH 30, 2015 8:57 PM

    Astro 2015 pre-tax profit rises to RM720 mil

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    Astro Malaysia Holdings Bhd's pre-tax profit for financial year ended Jan 31, 2015 (FY15) rose to RM720.88 million from RM569.23 million in the previous year.

  • Corporate  |  MARCH 30, 2015 8:43 PM

    ‘Allow car dealers to claim 10% sales tax on current invoices’

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    The Perodua Dealers Association has pleaded with the government to allow its members to reclaim the 10% sales tax on invoices issued prior to the implementation of the Goods and Services Tax (GST) on April 1, 2015.

  • Corporate  |  MARCH 30, 2015 8:25 PM

    Affin Holdings appoints new group CEO

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    Affin Holdings Bhd (Affin Holdings) has appointed Kamarul Ariffin Mohd Jamil as its new group chief executive officer (Group CEO) and managing director (MD)/CEO of Affin Bank Bhd (Affin Bank).

  • World Biz  |  MARCH 30, 2015 8:20 PM

    Sharp to stay in solar energy business despite losses

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    Loss-making Japanese electronics firm Sharp Corp said it plans to keep making solar cell products at a high-tech factory in western Japan, dismissing talk it may sell or exit the unprofitable business as it seeks backing from lenders for plans to revive the company.

  • Commodities & Corporate  |  MARCH 30, 2015 8:03 PM

    ‘O&G sector should revolutionise operations’

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    Oil and gas industry players ‎in Asia have been urged to come up with breakthrough solutions in managing cost and operational efficiencies during the current weak global oil price environment.

  • OTHERS  |  MARCH 30, 2015 7:53 PM

    GST to be charged on applicable services, says MAS

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    Beginning April 1, Malaysia Airlines customers will be subjected to the 6% Goods & Services Tax (GST) on applicable goods and services supplied by the national carrier.

  • TigerTalk  |  MARCH 30, 2015 7:19 PM

    Integrax: Show us your money, Amin

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    Tiger is unable to comprehend the thought processes of some of these two-legs. Asking people to hold the line and wait in the world of business? Tiger is non-plussed. And why does the founder of Integrax not show his money?

  • Corporate & Finance  |  MARCH 30, 2015 6:29 PM

    Netting of Financial Agreements Act comes into force

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    The Netting of Financial Agreements Act 2015, which provides a legal framework governing close-out netting for financial transactions in Malaysia, comes into force, effective today.

  • Commodities  |  MARCH 30, 2015 6:20 PM

    Rubber market ends lower in quiet trading

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    The Malaysian rubber market ended mostly lower in quiet trading today as crude oil prices weakened, a dealer said.

  • Corporate  |  MARCH 30, 2015 6:17 PM

    MMC to list Malakoff in mid-May

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    MMC Corp Bhd's 51% owned unit Malakoff Corp Bhd will be listed on the Main Market of Bursa Malaysia tentatively in mid-May.

  • Markets  |  MARCH 30, 2015 6:07 PM

    Ringgit ends lower against US dollar

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    The ringgit closed lower against the US dollar in line with most emerging Asian currencies as the greenback strengthened on expectations for an imminent US interest hike.

  • Property  |  MARCH 30, 2015 6:03 PM

    Seacera to develop Hulu Langat project worth RM10 bil

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    Seacera Group Bhd is expected to develop a township-concept project on a 202.34-hectare site in Hulu Langat with a gross development value (GDV) of more than RM10 billion.

  • Corporate  |  MARCH 30, 2015 5:54 PM

    ‘Pricing transparency important for telco customers’

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    A lack of transparency in pricing and subscription plans are driving customers away from their telecommunication service provider, according to global growth consulting firm Frost & Sullivan.

  • Markets  |  MARCH 30, 2015 5:44 PM

    KL shares end higher lifted by heavyweights

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    Shares on Bursa Malaysia ended higher today with the FTSE Bursa Malaysia KLCI (FBM KLCI) adding 8.46 points, lifted by gains in heavyweights.

  • Corporate  |  MARCH 30, 2015 5:27 PM

    PBB to focus on expanding its core business in 2015

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    Public Bank Bhd expects to continue its organic growth strategy of expanding its core business of consumer financing this year.

  • Corporate  |  MARCH 30, 2015 5:03 PM

    CIMB, Maybank shine at RAM League Awards

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    CIMB Investment Bank Bhd and Maybank Investment Bank Bhd bagged the most number of awards at the 12th annual RAM League Awards hosted by RAM Holdings Bhd, which was held last Friday night in Kuala Lumpur.

  • Corporate & Featured and Exclusive  |  MARCH 30, 2015 4:34 PM

    ‘RM5 bil 1MDB debt exposure manageable for local banks’

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    Moody’s Investor Service Singapore believes that the Malaysian banks’ RM5 billion exposure to 1Malaysia Development Bhd’s debt is credit negative but that even a worst case credit loss will be manageable.