• OTHERS  |  FEBRUARY 1, 2015 9:16 PM

    Russian govt sees 2015 GDP down 3%

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    Russia’s economy ministry said on Saturday it expected gross domestic product to fall 3% this year, more optimistic than many analysts’ forecasts of a 4-5% drop. The economy has been hit by a sharp fall in oil prices and by sanctions imposed on Moscow …

  • World Biz  |  FEBRUARY 1, 2015 9:00 PM

    China official PMI falls to 49.8, lowest in over 2 years

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    Activity in China’s factory sector contracted in January for the first time in more than two years, an official survey showed on Sunday, which will increase gloom about the outlook for the world’s second-biggest economy this year. The official Purchasing Managers’ Index (PMI) fell …

  • World Biz  |  FEBRUARY 1, 2015 8:55 PM

    S.Korea January exports to EU plunge

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    South Korean exports to the European Union plunged by 23.0% in January from a year earlier, the worst in three years, whereas shipments to China and the United States both rose, data showed on Sunday. Shipments to China rose 5.3% in January in …

  • Economy  |  FEBRUARY 1, 2015 8:50 PM

    Be thrifty and save to face possible recession

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    Former Finance Minister Tengku Razaleigh Hamzah today advised the people to remain thrifty and save in the eventuality of an economic recession. He said the current economic situation was not due to weakness on the part of the government but due to external …

  • Featured and Exclusive  |  FEBRUARY 1, 2015 3:38 PM

    I am not shorting the Ringgit, says Edge owner Tong Kooi Ong

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    In a statement today, Tong said he had never shorted any currency or equity, being a value investor, and stated that he does not feel crashing the Ringgit is possible.

  • Commodities  |  FEBRUARY 1, 2015 2:55 PM

    Time for a rethink on energy security

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    Malaysia is still importing rice, our main staple food, and in the context of food security, the idea has been tossed about for a long time, but the country is still heavily dependent on imported rice. For a developing nation marching towards …

  • Economy  |  FEBRUARY 1, 2015 2:44 PM

    Build resilience in the face of economic uncertainties

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    The people should unite and build resilience and steer clear of groups who are out to sabotage the country’s economy, Communication and Multimedia Minister Ahmad Shabery Cheek said. He said they should also avoid getting involved in undesirable activities like rioting or taking …

  • OTHERS  |  FEBRUARY 1, 2015 2:37 PM

    Qatar Airways takes 9.99% stake in IAG

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    Qatar Airways has acquired a 9.99% stake in International Airlines Group (IAG), Qatar News Agency (QNA) reported. Foreign media reported the stake is worth about US$1.73 billion. The carrier said in a press release Friday the move is part of efforts …

  • Corporate  |  FEBRUARY 1, 2015 2:33 PM

    Selangor records highest bankruptcy cases in 2014

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    Selangor records the highest number of bankruptcy cases of 6,668 from 22,305 recorded nationwide last year, Minister in the Prime Minister’s Department Nancy Shukri said Kuala Lumpur recorded 3,279 cases followed by Johor Bahru (2,699 cases), Penang (1,579 cases) and Kedah (1,076 cases). Based …

  • Corporate  |  FEBRUARY 1, 2015 2:22 PM

    Excessive rice supply due to failure in grading specification

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    The excessive supply of rice reported to have occurred at a rice factory in Perlis is due to the failure of the factory to meet the rice grading specification, according to Padiberas Nasional Berhad (Bernas). In a statement today, Bernas said 6,029 tonnes …

  • OTHERS  |  FEBRUARY 1, 2015 9:13 AM

    Kenanga Investment expects moderate growth for M’sia

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    Kenanga Investment Bank expects Malaysia’s economy to grow at a moderate 5.1% of the Gross Domestic Product (GDP) this year instead of its earlier projection of 5.5%. Its research head, Chan Ken Yew said the lower GDP projection was largely due to uncertainties …

  • Corporate & Featured and Exclusive  |  FEBRUARY 1, 2015 9:03 AM

    RON95, RON97, diesel retail prices drop

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    The retail price of RON95 petrol fell 21 cents per litre to RM1.70 per litre while the price of RON97 fell 11 cents per litre to RM2 a litre effective Feb 1, 2015. Domestic Trade, Cooperatives and Consumerism Minister, Hasan Malek, said the …

  • World Biz  |  JANUARY 31, 2015 9:37 PM

    How Greece can run out of cash and what Draghi can do

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    As talks between Greece’s new government and its euro-area partners turn confrontational, Mario Draghi may soon find himself with an unpleasant dilemma. The European Central Bank president controls the last source of funding that euro area lenders turn to when …

  • World Biz  |  JANUARY 31, 2015 9:25 PM

    Crown scraps US$400 mil Sri Lanka resort on casino ruling

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    Crown Resorts Ltd., the Australian casino company controlled by billionaire James Packer, said it won’t proceed with a planned US$400 million development in Sri Lanka after a government ruling on gaming projects. Sri Lanka won’t allow casinos in planned mixed …

  • Commodities  |  JANUARY 31, 2015 11:53 AM

    Tin price on KLTM to stay at current level

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    Tin price on the Kuala Lumpur Tin Market (KLTM) is likely to stay at the current level following the strengthening of the US dollar, a dealer said. He expects foreign and local buyers to remain active in the coming week with the commodity …

  • Commodities  |  JANUARY 31, 2015 11:26 AM

    Gold futures on Bursa to remain bearish

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    Gold futures contracts on Bursa Malaysia Derivatives are likely to remain bearish next week amid concern over the US interest rates hike, said dealers. He said market participants would be eyeing on the US fourth quarter gross domestic product released on Friday to …

  • Finance  |  JANUARY 31, 2015 10:35 AM

    Ringgit to consolidate and retrace back near 3.60

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    The ringgit is expected to consolidate next week and retrace back near the 3.60 level, but the case for further pressure remains. The ringgit has been traded over 700 hundred basis points lower for the past two weeks and it is time for …

  • Markets  |  JANUARY 31, 2015 10:24 AM

    Bursa to trade mix with easier buying

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    Bursa Malaysia is expected to trade mix with easier buying next week on the back of stronger US dollar and declining oil prices. The Greece election results and mixed signals from the US Federal Reserve’s (Fed) statement would also dent market sentiment, Affin …

  • Editor's Picks & Featured and Exclusive  |  JANUARY 31, 2015 10:00 AM

    Do we really need external audit on Putrajaya’s spending?

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    Here are some of our best news, analyses and comments over the past week, in case you missed any.

  • World Biz  |  JANUARY 31, 2015 9:40 AM

    US Q4 economic growth slows to 2.6% pace

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    US economic growth slowed sharply in the fourth quarter as weak business spending and a wider trade deficit offset the fastest pace of consumer spending since 2006. The slowdown followed two back-to-back quarters of bullish growth and is likely to be short-lived given the …