• World Biz  |  JANUARY 30, 2015 8:51 PM

    Moody’s cuts Petrobras to lowest investment grade

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    Petroleo Brasileiro SA, the oil producer mired in Brazil’s largest-ever corruption investigation, had all its credit ratings downgraded by Moody’s Investors Service, which signalled the possibility of further cuts.

  • Featured and Exclusive & Markets  |  JANUARY 30, 2015 8:45 PM

    Ringgit leads Asian currencies losses; drops 3.6% in Jan

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    Asia’s emerging market currencies retreated for a fifth month, the longest run of declines since the region’s financial crisis in 1998, as monetary easing by nations including Singapore and India spurred demand for US dollars.

  • Corporate  |  JANUARY 30, 2015 8:23 PM

    Gadang unit to pay RM95.8 mil for Semenyih land

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    Gadang Holdings Bhd's indirect wholly owned subsidiary, Crimson Villa Sdn Bhd, will acquire freehold land in Semenyih, Selangor, from Sementar Properties Sdn Bhd.

  • Corporate  |  JANUARY 30, 2015 7:57 PM

    FGV gets approval to set up company in Indonesia

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    Felda Global Ventures Holdings Bhd (FGVH) will set up a company, PT Bumi Agro Nusantara (PT BAN) in Indonesia.

  • Corporate  |  JANUARY 30, 2015 7:48 PM

    Hua Yang buys leasehold land for RM120 mil

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    Property developer Hua Yang Bhd, through its wholly owned subsidiary Prisma Pelangi Sdn Bhd, has acquired 3.6 hectares of leasehold land which expires in May 2111 for RM120 million.

  • Corporate  |  JANUARY 30, 2015 7:40 PM

    KSL acquires land in Johor for RM90.61 mil

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    KSL Holdings Bhd has entered into four separate sale and purchase agreements with Indah Corp Bhd via its subsidiaries to acquire several pieces of freehold land in Johor for RM90.61 million.

  • Corporate  |  JANUARY 30, 2015 7:36 PM

    Kimlun unit lands 2 projects from UM Land’s Dynasty View

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    Kimlun Corp Bhd's subsidiary, Kimlun Sdn Bhd, has accepted the award of two projects in Johor from Dynasty View Sdn Bhd, with collective contract value of RM80.98 million.

  • World Biz  |  JANUARY 30, 2015 7:32 PM

    Alibaba’s Ant Financial said to plan IPO in 2016

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    Alibaba Group Holding Ltd's finance affiliate, which runs China’s biggest e-commerce payments business, is planning an initial public offering (IPO) next year, according to people familiar with the matter.

  • Corporate & Economy  |  JANUARY 30, 2015 6:59 PM

    M’sia M3 grows 7% in Dec

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    In a statement, the central bank said growth was mainly on account of credit extension to the private sector by the banking system, and higher net claims on the government.

  • Corporate  |  JANUARY 30, 2015 6:53 PM

    MK Land inks JV agreement with Mammoth Empire

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    MK Land Holdings Bhd's wholly owned subsidiary, Saujana Triangle Sdn Bhd, has entered into a joint development agreement with Mammoth Empire Land Sdn Bhd to develop a piece of leasehold land into a mixed development.

  • Corporate  |  JANUARY 30, 2015 6:46 PM

    Permodalan BSN declares income distribution for ASBSN

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    Permodalan BSN Bhd (PBSNB), a wholly owned subsidiary of Bank Simpanan Nasional (BSN), has announced an income distribution totalling RM7.3 million for Amanah Saham BSN Bhd (ASBSN) for the financial year ended Dec 31, 2014.

  • World Biz  |  JANUARY 30, 2015 6:36 PM

    Eurogroup chief to have debt talks with Greece

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    The head of eurozone finance ministers' group, Jeroen Dijsselbloem, will launch debt talks with Greece's newly elected leftist government on Friday.

  • Launches  |  JANUARY 30, 2015 6:32 PM

    Firefly launches FlyPremier

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    Firefly launched its latest service today, called FlyPremier, which is designed to cater to the needs of frequent travellers. FlyPremier allows guests one free flight change, offers an additional 10kg baggage allowance, access to the Firefly Biz Zone at the …

  • Corporate  |  JANUARY 30, 2015 6:30 PM

    Carimin gets spot charter contract from Petronas

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    Offshore oil and gas (O&G) support services provider, Carimin Petroleum Bhd has received an umbrella contract for provision of spot charter marine vessel services from Petronas Carigali Sdn Bhd (PCSB).

  • Singapore & World Biz  |  JANUARY 30, 2015 6:23 PM

    Ezra increases loan financing for new vessel

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    Ezra Holdings Ltd, a Singapore-listed oilfield service company, said it has successfully closed an increased loan facility to finance the building of its new construction vessel up to its completion.

  • Commodities  |  JANUARY 30, 2015 6:16 PM

    Rubber market closes lower

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    The Malaysian rubber market closed lower in quiet trading today and despite the weaker ringgit to the US dollar.

  • Corporate  |  JANUARY 30, 2015 6:12 PM

    RHB appoints new head for group retail banking

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    RHB Banking Group has appointed U Chen Hock as its head for group retail banking effective Feb 1, 2015.

  • Corporate & Featured and Exclusive  |  JANUARY 30, 2015 6:12 PM

    Azran out, Kamarudin and Benyamin take AirAsia X reins

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    AirAsia X has confirmed that Azran Osman-Rani is no longer CEO of AirAsia X, and has been replaced by Kamarudin Meranun who will become group CEO and Benyamin Ismail who will be acting CEO with immediate effect.

  • Corporate  |  JANUARY 30, 2015 6:06 PM

    Robert Walters: More M’sian expatriates to return home

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    Professional recruitment firm, Robert Walters, expects more Malaysian expatriates to return home as a result of Talent Corporation Malaysia's Returning Expert Programme.

  • Corporate  |  JANUARY 30, 2015 6:05 PM

    MTA says flood victims to file RM10 mil in insurance claims

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    The Malaysian Takaful Association (MTA) expects RM10 million in insurance claims to be filed by about 5,000 policyholders from areas ravaged by the recent floods in the East Coast of the peninsula.