STORIES TAGGED WITH

  • Enterprise & Issues  |  JULY 30, 2015 8:00 AM

    Exabytes is going places

    Story by
    [email protected]

    In this article, Exabytes founder Chan Kee Siak shares his views on the e-commerce scene in Malaysia today and his big plans for the company.

     
  • Corporate & Featured and Exclusive  |  JULY 30, 2015 7:52 AM

    M’sia hits back at domestic critics of TPP

    Story by
    www.reuters.com

    Malaysia’s trade minister vowed to safeguard state-owned enterprises and policies favoring ethnic Malays in a Pacific trade deal, as he hit back at domestic critics of the pact. Mustapa Mohamed said the Trans-Pacific Partnership (TPP) would scrap tariffs on goods …

     
  • Commodities  |  JULY 30, 2015 7:38 AM

    Gold inches up as Fed leaves door open to Sept rate hike

    Story by
    www.reuters.com

    Gold moved up a shade on Wednesday, but remained near last week’s 5-1/2-year low, after a US Federal Reserve statement raised uncertainty about the timing of a possible interest rate hike, leaving the door open for September. Following a two-day …

     
  • Finance & Markets  |  JULY 30, 2015 7:14 AM

    Dollar rises as Fed’s jobs view hints at rate hike

    Story by
    www.reuters.com

    The dollar rose modestly against a basket of currencies on Wednesday as the Federal Reserve upgraded its view of the labor market, supporting some traders’ opinion that it would raise benchmark US interest rates, perhaps as early as September. The …

     
  • Commodities  |  JULY 30, 2015 7:08 AM

    Oil rises from near 6-month lows on US stock drawdown

    Story by
    www.reuters.com

    Oil settled higher on Wednesday, recovering from multi-month lows, after US government data showed a surprisingly large crude stockpile draw that signaled the market may have been wrong in predicting slumping demand for energy. Crude futures lost more than US$10 …

     
  • Featured and Exclusive & Markets  |  JULY 30, 2015 7:00 AM

    Wall St ends higher after Fed leaves investors unruffled

    Story by
    www.reuters.com

    US stocks finished stronger on Wednesday after the US Federal Reserve said the economy and job market continued to strengthen and left its key interest rate unchanged.

     
  • Corporate  |  JULY 29, 2015 10:12 PM

    Mixed feelings about MMHE

    Story by
    [email protected]

    Analysts have mixed feelings with Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE), both in its results, as well as in its prospects. BIMB Securities upgraded MMHE to a “hold” call with an increased target price of RM1.15 from the …

     
  • World Biz  |  JULY 29, 2015 9:35 PM

    Analysts: Twitter needs to broaden portfolio

    Story by
    www.reuters.com

    Twitter Inc interim chief executive officer Jack Dorsey’s criticism of the company’s efforts to woo new users may just be the first step to address its long-standing problems. But being frank is not enough. To generate long-term earnings growth and …

     
  • Corporate & Featured and Exclusive  |  JULY 29, 2015 8:47 PM

    Putin opposes MH17 tribunal ahead of UN vote

    Story by
    www.reuters.com

    Russian President Vladimir Putin says he opposed the creation of an international tribunal to prosecute those who shot down a Malaysian airliner over eastern Ukraine, hours before a United Nations (UN) vote on such a proposal. Putin’s comment was the …

     
  • Corporate  |  JULY 29, 2015 8:42 PM

    Analyst: RM2.50 reasonable valuation for Apex shares

    Story by
    www.bernama.com

    An analyst is of the view that RM2.50 would be within the range of reasonable valuation for Apex Equity Holdings Bhd’s share, but this should be subject to a closer look at the asset composition. “RM2.50 is reasonable as the price should …

     
  • Finance  |  JULY 29, 2015 8:32 PM

    Greek PM says may have to call early election

    Story by
    www.reuters.com

    Greek Prime Minister Alexis Tsipras says he may have to call an early election to bolster a parliamentary majority that has been strained by bailout reforms demanded by creditors. About three dozen of his 149 lawmakers have refused to back reforms …

     
  • Corporate  |  JULY 29, 2015 8:16 PM

    Cuepacs wants govt to raise pay by 35%

    Story by
    www.bernama.com

    The Congress of Unions of Employees in the Public and Civil Service (Cuepacs) wants the government to review the salaries of civil servants by giving a pay hike of 35% when tabling the budget in October. President Azih Muda said Cuepacs had voiced …

     
  • Commodities  |  JULY 29, 2015 8:05 PM

    Ministry to meet over commodity prices stability

    Story by
    www.bernama.com

    The Plantation Industries and Commodities Ministry will discuss strategies with the private sector and interest groups to stabilise commodity prices. Minister Douglas Uggah Embas said meetings will be held beginning August to ensure commodity prices remain competitive in the international market. “It is a proactive measure …

     
  • Corporate & Featured and Exclusive  |  JULY 29, 2015 7:43 PM

    MACC panels: Don’t hinder 1MDB task force

    Story by
    www.malaysiakini.com

    The five independent oversight panels of the Malaysian Anti-Corruption Commission (MACC) say there should be no interference or pressure on the special task force investigating 1Malaysia Development Bhd (1MDB). “The task force must be given the widest possible latitude to …

     
  • Singapore  |  JULY 29, 2015 7:17 PM

    SGX 4Q net profit up 24%; says to boost listings

    Story by
    www.reuters.com

    Singapore Exchange Ltd (SGX) reports a 24% rise in its quarterly net profit to the highest in two years and says it will focus on tackling the weak environment for new listings of companies. “We are conscious of the challenges …

     
  • Featured and Exclusive, Launches, World Biz  |  JULY 29, 2015 7:03 PM

    Microsoft unveils much-awaited Windows 10

    Story by
    www.reuters.com

    Microsoft Corp launches its much-awaited Windows 10 operating system at midnight on Wednesday. Windows 10, which comes almost three years after the launch of the company’s previous operating system, will be available as a free upgrade in 190 countries for …

     
  • Corporate  |  JULY 29, 2015 6:59 PM

    TA Enterprise: No plans to sell its stockbroking business

    Story by
    www.bernama.com

    TA Enterprise Bhd has no plans to sell its stockbroking business, but it is on the lookout for merger and acquisition (M&A) opportunities to diverse its business portfolio. Managing director and chief executive director Alicia Tiah said stockbroking business is still seen as …

     
  • Corporate  |  JULY 29, 2015 6:49 PM

    TA Global to launch residential project in Australia

    Story by
    www.bernama.com

    TA Global Bhd will launch the second phase of its residential property development in Sydney, Australia next month with a gross development value of A$160 million (RM444.97 million). Executive director Kimmy Khoo Poh Kim said the second phase, spread over 33ha, would …

     
  • Corporate  |  JULY 29, 2015 6:27 PM

    Boustead unit in MOU for O&G upstream project bids

    Story by
    www.bernama.com

    Boustead Atlas Hall Sdn Bhd and Olio Resources Sdn Bhd team up to tender for two oil and gas (O&G) upstream projects in the country. Parent company Boustead Holdings Bhd said the first project involves the rental of seawater filter skid for a new …

     
  • World Biz  |  JULY 29, 2015 6:17 PM

    Uber faces lawsuit as union sues over minimum wage

    Story by
    www.bloomberg.com

    Uber Technologies Inc faces a lawsuit complaining that the ride-sharing service doesn’t ensure minimum wages or paid vacations for drivers. The suit will be filed as soon as next month and may include allegations of health and safety violations, according …

     
  • Commodities  |  JULY 29, 2015 6:06 PM

    Rubber market ends mixed

    Story by
    www.bernama.com

    The Malaysian rubber market closed mixed today on reduced buying momentum. A dealer said some traders were reluctant to buy Malaysian rubber due to the firmer ringgit against the US dollar today which made the commodity expensive compared to that of neighbouring countries. …

     
  • Corporate, Featured and Exclusive, Finance  |  JULY 29, 2015 6:00 PM

    Power made up 39% of M’sian infra bonds in last decade

    Story by
    [email protected]

    Power bonds accounted for 39% of Malaysia’s RM239 billion of infrastructure bond issues in the last decade, says RAM Rating Services Bhd’s co-head of infrastructure and utilities ratings Chong Van Nee. In a statement today, the ratings agency said that …

     
  • Markets  |  JULY 29, 2015 5:51 PM

    KL shares close marginally lower

    Story by
    www.bernama.com

    Bursa Malaysia ended slightly lower today in lacklustre trading amid the absence of clear market drivers, dealers say. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 0.71 point to 1,698.98, after fluctuating between 1,696.72 and 1,702.36 throughout the day. A …

     
  • Singapore & World Biz  |  JULY 29, 2015 5:44 PM

    Temasek, Facebook co-founder invest in startups

    Story by
    www.bloomberg.com

    Facebook Inc co-founder Eduardo Saverin and Temasek Holdings Pte Ltd, Singapore’s state-owned investment company, are among the main investors in a new venture capital fund that will take stakes in technology companies in Southeast Asia. The Golden Gate Ventures Fund …

     
  • Markets  |  JULY 29, 2015 5:33 PM

    Ringgit ends stronger against US dollar

    Story by
    www.bernama.com

    The ringgit ended firmer against the US dollar today as investors’ interest began shifting away from the greenback on cautious sentiment. At 5pm, the ringgit was quoted at 3.8095/8125 against the US dollar from 3.8130/8150 on Tuesday. A dealer said traders were cautious …

     
  • TigerTalk  |  JULY 29, 2015 5:32 PM

    The 1MDB cabinet reshuffle

    Story by
    [email protected]

    Whichever way one looks at the changing of the attorney-general, the appointment of a new Special Branch head and the cabinet reshuffle, they have everything to do with that self-styled strategic development company that isn’t – 1MDB. Just what is the prime minister trying to achieve with the 1MDB reshuffle?

     
  • Featured and Exclusive & World Biz  |  JULY 29, 2015 5:27 PM

    Birkin wants name removed from bags over croc treatment

    Story by
    www.bloomberg.com

    Hermes International SCA says it will penalise any breach of its supply code after Jane Birkin voiced concern over crocodile slaughter processes. The actress has asked Hermes to remove her name from the Birkin bag after an investigation into the …

     
  • Finance  |  JULY 29, 2015 5:03 PM

    Indonesia regulator open to higher foreign stakes in banks

    Story by
    www.bloomberg.com

    Indonesia’s financial regulator is open to allowing a higher percentage of foreign ownership in local banks as the country wants to tap international funds for trade and project finance. The Southeast Asian nation usually limits foreign purchases of domestic banks …

     
  • Corporate  |  JULY 29, 2015 4:44 PM

    M’sia-Germany trade set to grow 5-7% this year

    Story by
    www.bernama.com

    Malaysia-Germany total trade, which touched a high of 10.9 billion euro (RM45.9 billion) last year, is expected to grow by between 5% and 7% this year, says Malaysian-German Chamber of Commerce and Industry (MGCC). Executive director Alexander Stedtfeld said the total trade would hit …

     
  • World Biz  |  JULY 29, 2015 4:43 PM

    Peugeot rebounds with RM2.4 bil net income

    Story by
    www.reuters.com

    PSA Peugeot Citroen rebounded to a first-half profit, the French carmaker said on Wednesday, turning the page on three years of losses as a recovery plan led by chief executive Carlos Tavares bears fruit.

     
  • World Biz  |  JULY 29, 2015 4:11 PM

    Nokia launches virtual reality camera

    Story by
    www.reuters.com

    Finland’s Nokia, once the world’s largest phone maker, unveils a spherical camera designed for making 3D movies and games that can be watched and played with virtual reality headsets. The device, showcased at an event in Los Angeles, takes video and …

     
  • Commodities, Economy, Featured and Exclusive  |  JULY 29, 2015 4:00 PM

    S’wak to maximise O&G contribution to state economy

    Story by
    www.bernama.com

    Sarawak wants to maximise its oil and gas (O&G) sector’s contribution to the state economy by making Bintulu a petrochemical hub in Malaysia. Chief Minister Adenan Satem said to do it, Sarawak will be intensely involved in developing the high-value downstream products of …

     
  • Markets  |  JULY 29, 2015 3:39 PM

    KL shares remain subdued at mid-afternoon

    Story by
    www.bernama.com

    Shares on Bursa Malaysia remained subdued at mid-afternoon today weighed by losses on TNB and Sime Darby. At 3pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.82 point lower at 1,698.88. TNB topped the losers’ list, down 12 sen to …

     
  • Corporate  |  JULY 29, 2015 3:35 PM

    Analysts downgrade BAT on share price strength

    Story by
    [email protected]

    British American Tobacco (Malaysia) Bhd (BAT) saw downgrades from several research houses, despite coming in within expectations with its results for the second quarter of its 2015 financial year. TA Securities downgraded the stock from “hold” to “sell”, maintaining its …

     
  • World Biz  |  JULY 29, 2015 3:08 PM

    Toshiba to cut interim CEO pay by 90% on scandal

    Story by
    www.reuters.com

    Toshiba Corp says it would slash its interim chief executive’s monthly salary for the next two months by 90%, including previously announced cuts, following revelations of improper accounting at the Japanese conglomerate. The company said on Wednesday it would reduce Masashi …

     
  • Corporate  |  JULY 29, 2015 2:40 PM

    Cepatwawasan 2Q pre-tax profit falls 59%

    Story by
    www.bernama.com

    Cepatwawasan Group Bhd’s pre-tax profit for the second quarter ended June 30, 2015 slipped 59% to RM4.67 million from RM11.44 million in the same quarter last year. Revenue dropped to RM53.98 million from RM68.3 million previously. In a filing to Bursa Malaysia, …

     
  • Markets  |  JULY 29, 2015 2:33 PM

    As China’s state funds buy stocks, retail investors sell

    Story by
    www.bloomberg.com

    China’s efforts to rekindle investor enthusiasm for the stock market are gaining little traction as margin traders cash out and new equity account openings tumble. Speculators reduced bets using borrowed money to the lowest level in four months on Tuesday, …

     
  • Economy & Featured and Exclusive  |  JULY 29, 2015 2:23 PM

    Najib says M’sia will continue to grow sustainably

    Story by
    www.bernama.com

    Malaysia will continue to grow sustainably, reduce fiscal deficit, and keep debt at a manageable level, says Prime Minister Najib Abdul Razak. “We have strong fundamentals,” Najib said via Twitter. Meanwhile, the Prime Minister’s Office (PMO) has expressed satisfaction with the Standard & Poor’s …

     
  • Corporate, Economy, Featured and Exclusive  |  JULY 29, 2015 2:00 PM

    Hawaii meeting likely to conclude TPP talks: Tok Pa

    Story by
    [email protected]

    International Trade and Industry Minister Mustapa Mohamed believes that the ongoing Trans Pacific Partnership ministerial meeting being held in Hawaii could substantially conclude negotiations over the controversial deal.

     
  • Commodities  |  JULY 29, 2015 1:42 PM

    KLTM ends US$650 higher at US$16,250 a tonne

    Story by
    www.bernama.com

    The Kuala Lumpur Tin Market (KLTM) rose sharply today to close US$650 firmer at US$16,250 a tonne, in line with an uptrend in the metal price on the London Metal Exchange (LME), a dealer says. The tin price on LME perked US$450 …

     
  • Featured and Exclusive & Markets  |  JULY 29, 2015 1:28 PM

    China stock market rout sends yuan policy into disarray

    Story by
    www.bloomberg.com

    China is in a currency quandary: How to promote the yuan in global trade while at the same time using it to stabilise market volatility? The People’s Bank of China (PBOC) is holding the onshore version of the yuan at …

     
  • Corporate & Featured and Exclusive  |  JULY 29, 2015 1:22 PM

    PAC to proceed with its 1MDB probe

    Story by
    www.malaysiakini.com

    The Public Accounts Committee (PAC) will proceed with its investigation into 1Malaysia Development Bhd (1MDB), its deputy chairman Dr Tan Seng Giaw says. As such, witnesses who have been summoned to testify are being notified to attend the hearings on …

     
  • Markets  |  JULY 29, 2015 1:02 PM

    KL shares almost flat at mid-day

    Story by
    www.bernama.com

    Bursa Malaysia ended the morning session almost flat today on lack of local market drivers amid weakness in the external environment, dealers say. At 12.30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.65 point to 1,699.05 after moving between 1,696.72 and 1,701.58 …

     
  • Economy & Featured and Exclusive  |  JULY 29, 2015 12:50 PM

    Currency forum mulled to avoid manipulation in TPPA

    Story by
    www.reuters.com

    Pacific Rim trading partners are considering setting up a top-level forum to consider ways to avoid currency manipulation in parallel to an ambitious 12-nation trade deal, Australian Trade Minister Andrew Robb says. Robb said the US proposal would not seek …

     
  • Corporate  |  JULY 29, 2015 12:25 PM

    Pesona Metro most active stock in morning session

    Story by
    www.bernama.com

    Pesona Metro Holdings Bhd's shares emerged as the most active in the morning session today following news that the company is acquiring hostel concessionaire Selasih Asli Sdn Bhd (SASB).

     
  • Corporate  |  JULY 29, 2015 11:58 AM

    AmFIRST REIT gets nod to increase approved fund size

    Story by
    www.bernama.com

    AmFIRST Real Estate Investment Trust (AmFIRST REIT) has received the nod from its unitholders to increase its existing approved fund size to 823.68 million units from 686.40 million units.

     
  • World Biz  |  JULY 29, 2015 11:37 AM

    Chevron to lay off 1,500 workers amid oil price slump

    Story by
    www.reuters.com

    Chevron Corp, the second-largest US oil company, said on Tuesday it would lay off 1,500 employees, about 2% of its global work force, as it trims costs to offset declining crude prices.

     
  • Featured and Exclusive & Opinion  |  JULY 29, 2015 11:30 AM

    Why economists have trouble with bubbles

    Story by
    www.bloomberg.com

    One of the strongest orthodoxies in modern economics is being challenged, and there could be big implications for the state of the profession. The new, rebellious ideas might also help us understand why financial bubbles happen. Economists have realized for …

     
  • Corporate & Featured and Exclusive  |  JULY 29, 2015 11:05 AM

    Despatch rider in 1MDB probe released today

    Story by
    www.bernama.com

    A despatch rider who was remanded for four days to facilitate investigations into 1Malaysia Development Bhd (1MDB) has been released by the Magistrate's Court.

     
  • Corporate & Featured and Exclusive  |  JULY 29, 2015 10:23 AM

    Time magazine advises Obama to avoid Najib

    Story by
    www.malaysiakini.com

    US President Barack Obama should steer clear from the Malaysian Prime Minister Najib Abdul Razak, an article published by Time magazine yesterday suggests.

     
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