• Corporate  |  MARCH 26, 2015 11:06 PM

    Ministry to accelerate renewable energy growth

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    The Energy, Green Technology and Water Ministry (KeTTHA) has identified new policy mechanisms to accelerate renewable energy (RE) growth in Malaysia.

  • Corporate  |  MARCH 26, 2015 10:58 PM

    Perak hotel body says no hotel rate hike with GST

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    The Perak Budget Hotel Association has given an assurance that it will not raise hotel room rates with the implementation of the goods and services tax (GST) on April 1.

  • World Biz  |  MARCH 26, 2015 10:51 PM

    Dutch regulators raid Uber offices

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    A Dutch regulatory agency raided the Amsterdam offices of taxi hailing service Uber on Thursday in connection with its UberPOP unit after a court deemed it illegal in December.

  • Finance & World Biz  |  MARCH 26, 2015 10:47 PM

    S Korea seeks membership in China-backed AIIB

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    South Korea said on Thursday it has decided to seek to be a founding member of the Asian Infrastructure Investment Bank (AIIB), another key US ally joining the China-led institution despite Washington's misgivings.

  • Corporate & Economy  |  MARCH 26, 2015 9:21 PM

    ‘Corporate wakaf to empower economy of muslims’

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    The corporate wakaf institution concept is set to empower the economy of muslims and to achieve business jihad, said Awqaf Holdings Bhd chairman Muhammad Ali Hashim.

  • Corporate & Featured and Exclusive  |  MARCH 26, 2015 9:18 PM

    Perak Corp: No writ of summons received from Amin

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    Perak Corp Bhd (PCB) has clarified that PCB, or its directors, has not received any writ of summons from Amin Halim Rasip in relation to a legal action, reported in an English daily today.

  • Corporate  |  MARCH 26, 2015 9:05 PM

    Taliworks unit acquires 35% stake in Cerah Sama

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    Taliworks Corporation Bhd's indirect subsidiary, TEI Sdn Bhd, has acquired a 35% equity interest in Cerah Sama Sdn Bhd for RM80 million, the company announced in a filling to Bursa Malaysia today.

  • Enterprise  |  MARCH 26, 2015 8:47 PM

    KV Resources to supply defence equipment

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    KV Resources Sdn Bhd has forged partnership with foreign companies, including that of the US and Australia, to supply defence equipment to the Malaysian Armed Forces at competitive prices.

  • Corporate  |  MARCH 26, 2015 8:34 PM

    Ministry ready to implement GST on April 1

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    The Domestic Trade, Cooperatives and Consumerism Ministry is ready to implement the goods and services tax (GST) on April 1, said Minister Hasan Malek.

  • Corporate & Featured and Exclusive  |  MARCH 26, 2015 8:20 PM

    ABM publishes list of GST treatments on bank products

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    The Association of Banks in Malaysia (ABM) has published a document on its website, listing out the goods and services tax (GST) treatment by its commercial bank members on more than 300 general bank products and services.

  • Corporate  |  MARCH 26, 2015 8:09 PM

    Gamuda posts higher Q2 pre-tax profit of RM229.8 mil

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    Gamuda Bhd's pre-tax profit for the second quarter ended Jan 31, 2015 rose to RM229.8 million from RM200.81 million chalked up in the same period last year.

  • Corporate  |  MARCH 26, 2015 8:05 PM

    Lodging, meals in medical wards exempted from GST

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    Customs senior assistant director II Norazura Hashim said the current service tax of 6% which is imposed on lodging and meals provided to patients in the ward will not be subject to GST when implemented.

  • Corporate  |  MARCH 26, 2015 7:59 PM

    George Kent plans to expand metering business regionally

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    George Kent (M) Bhd has plans to expand and strengthening its metering business by looking at further forays into the regional market.

  • World Biz  |  MARCH 26, 2015 7:52 PM

    StanChart urged to move HQ to Asia as UK raises bank levy

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    Standard Chartered Plc should relocate to Asia as the expense of being based in London has become punitive after the UK raised its bank levy an eighth time, according to a managing director of its second-largest shareholder Aberdeen Asset Management Plc.

  • Corporate & Economy  |  MARCH 26, 2015 7:43 PM

    Govt to support F1 hosting on positive economic impact

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    The government has decided to continue its support to host the Malaysian Formula 1 Grand Prix due to its economic impact to the country, Prime Minister Najib Abdul Razak said today.

  • Corporate  |  MARCH 26, 2015 7:34 PM

    Telekom to develop tech park in Iskandar

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    Telekom Malaysia Bhd (TM) and Nusajaya Tech Park Sdn Bhd (NTPSB) have signed three separate agreements towards developing a flagship technology park in Iskandar Malaysia, Johor.

  • World Biz  |  MARCH 26, 2015 7:28 PM

    Group said in talks to buy RM3.7 bil stake in Micromax

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    A group of investors led by Japanese mobile telecom firm SoftBank Corp is in talks to buy a 20% stake in Indian handset maker Micromax Informatics for up to US$1 billion (RM3.7 billion), two people aware of the discussions said.

  • Corporate  |  MARCH 26, 2015 7:13 PM

    Econpile unit receives RM54.5 mil contract

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    Econpile Holdings Bhd's wholly owned unit, Econpile (M) Sdn Bhd, has received a RM54.5 million contract from Flora Development Sdn Bhd.

  • Corporate  |  MARCH 26, 2015 7:11 PM

    KWAP to focus on local investments, says CEO

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    The Retirement Fund Incorporated (KWAP) which has a fund size value of RM112 billion, aims to expand its investments in the domestic equity, property and fixed income markets.

  • Corporate & Economy  |  MARCH 26, 2015 7:07 PM

    ‘High household debt due to property purchase’

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    Deputy Finance Minister Ahmad Maslan said Malaysian households' financial-assets-to-household-debt ratio of 214% last year should be good news, as most of the debt was incurred for purchases of properties or assets.