• World Biz  |  NOVEMBER 21, 2014 9:49 PM

    Volkswagen unveils RM360 bil investment plan

    Story by

    Volkswagen AG is to invest 85.6 billion euros (RM360.9 billion) in its automotive operations over the next 5 years on foreign expansion, models and technology to back its quest for global leadership, even as it carries out an austerity drive.

  • Corporate & Economy  |  NOVEMBER 21, 2014 9:43 PM

    Managed float system helps consumers enjoy cheaper fuel

    Story by

    The government's move to scrap petrol and diesel subsidies and decide on a managed float in determining retail fuel prices based on global crude oil prices will provide the flexibility for consumers to enjoy cheaper fuel given the current oil price slump.

  • Corporate  |  NOVEMBER 21, 2014 9:30 PM

    Allianz Malaysia 3Q14 pre-tax profit rise to RM112 mil

    Story by

    Allianz Malaysia Bhd's pre-tax profit for the third quarter ended Sept 30, 2014 (3Q14) rose to RM112.05 million from RM98.73 million in the same period last year.

  • Corporate  |  NOVEMBER 21, 2014 9:27 PM

    IOI Properties pre-tax profit slips 8% to RM147 mil

    Story by

    IOI Properties Group Bhd's revenue for the first quarter (1Q) ended Sept 30, 2014 rose 34% to RM375.52 million from RM280.61 million in the same quarter a year ago.

  • World Biz  |  NOVEMBER 21, 2014 9:19 PM

    PBOC shores up lenders with first rate cut since 2012

    Story by

    The People’s Bank of China’s first benchmark interest rate cut since 2012 will help aid the property market and shore up lenders, after the biggest jump in bad loans in nine years.

  • OTHERS  |  NOVEMBER 21, 2014 8:56 PM

    Exxon Mobil finalising production deal with Ivory Coast

    Story by

    Ivory Coast is finalising production sharing agreements with oil company Exxon Mobil for two ultra-deepwater blocks in the Gulf of Guinea, a senior official with the country's energy ministry told Reuters on Friday.

  • Corporate  |  NOVEMBER 21, 2014 8:48 PM

    Genting Malaysia profit up, Genting Bhd profit down

    Story by
    [email protected]

    Genting Bhd has noted a lower year-on-year profit before tax (PBT) of RM953.9 million for the quarter just ended, from RM1.1 billion, but has shown an improved PBT of RM3.3 billion for the cumulative 9-month period for 2014, compared to 2013’s RM3.2 billion.

  • Markets  |  NOVEMBER 21, 2014 8:38 PM

    Tanah Makmur 3Q14 pre-tax profit surges to RM32 mil

    Story by

    Tanah Makmur Bhd's pre-tax profit for the third quarter ended Sept 30, 2014 (3Q14) surged 26% to RM32.63 million from RM25.89 million in the same quarter last year.

  • Corporate & Economy  |  NOVEMBER 21, 2014 8:31 PM

    BNM’s international reserves at RM414 bil

    Story by

    The international reserves of Bank Negara Malaysia (BNM) amounted to RM414.5 billion (US$126.6 billion) as at Nov 14, 2014.

  • Corporate  |  NOVEMBER 21, 2014 8:22 PM

    Coastal Contracts 3Q14 pre-tax profit jumps to RM54 mil

    Story by

    Coastal Contracts Bhd's pre-tax profit for the third quarter ended Sept 30, 2014 (3Q14) increased to RM54.51 million from RM39.55 million in the corresponding quarter in 2013.

  • Corporate  |  NOVEMBER 21, 2014 8:13 PM

    Construction company wins lawsuit against Sime Darby

    Story by

    A construction company wins almost RM2 million from Sime Darby Property Berhad in a breach of contract lawsuit concerning a purchase of a three-storey semi-detached house in Bukit Jelutong, Shah Alam.

  • Markets  |  NOVEMBER 21, 2014 7:07 PM

    KL shares close lower by selling in blue-chips

    Story by

    Share prices on Bursa Malaysia closed lower today dampened by selling in blue-chips and heavyweights, led by CIMB.

  • Commodities & Corporate  |  NOVEMBER 21, 2014 6:30 PM

    NYT: China firm paid for BN politicians’ datukships

    Story by

    A China-based mining company admitted to paying for the datukships of BN politicians in order to ease operations at its iron ore mine in Bukit Besi, Terengganu.

  • Corporate  |  NOVEMBER 21, 2014 6:27 PM

    MACC to probe ‘sponsored Datukship’ claim

    Story by

    The Malaysian Anti-Corruption Commission (MACC) will investigate the claim by a Chinese businessman that he had paid for local BN politicians to obtain Datukship.

  • Corporate & Featured and Exclusive  |  NOVEMBER 21, 2014 6:24 PM

    How managed float prices for petrol will be calculated

    Story by
    [email protected]

    Pump prices will be determined by a 10-day average of fuel prices in international traded markets plus fixed profit margins for refineries and retailers

  • Corporate  |  NOVEMBER 21, 2014 6:11 PM

    Pharmaniaga’s 3Q14 pre-tax profit rises to RM24.95 mil

    Story by

    Pharmaniaga Bhd's pre-tax profit rose to RM24.95 million in the third quarter ended Sept 30, 2014 (3Q14) from the RM13.46 million posted in the same period a year ago.

  • Economy & World Biz  |  NOVEMBER 21, 2014 5:51 PM

    ECB ready to raise inflation rates, says Draghi

    Story by

    The European Central Bank (ECB) is ready to act in a timely manner if low inflation persists, ECB president Mario Draghi said on Friday.

  • Corporate  |  NOVEMBER 21, 2014 5:48 PM

    Pos Malaysia to grow courier service business

    Story by

    Pos Malaysia Bhd will focus on its courier services segment to cater to an expanding market, said group chief executive Officer, Iskandar Mizal Mahmood.

  • Markets  |  NOVEMBER 21, 2014 5:44 PM

    Rubber market closes lower

    Story by

    The Malaysian rubber market closed lower today due to the stronger ringgit against the US dollar, a dealer said.

  • Corporate  |  NOVEMBER 21, 2014 5:41 PM

    Suria KLCC proposes RM600 mil sukuk programmes

    Story by
    [email protected]

    Suria KLCC Sdn Bhd, a unit of KLCC Property Holdings Bhd (KLCCP), is planning to raise up to RM600 million via Islamic bond programmes.