• World Biz  |  MARCH 28, 2015 10:45 AM

    Carney says BoE rates likely to rise

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    The Bank of England expects its next move in interest rates to be an increase not a cut despite record low inflation, Bank of England Governor Mark Carney said on Friday, underscoring his difference of view with the Bank’s chief economist. “We’re still in …

  • Editor's Picks & Featured and Exclusive  |  MARCH 28, 2015 10:00 AM

    At SP Setia, a conflicted ex-chief judge

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    Can the chairman of a public-listed company rightly hold shares in another public-listed company — a direct rival at that? Common sense says no. In fact the law also says this should not be. But this scenario is exactly what …

  • World Biz  |  MARCH 28, 2015 9:35 AM

    Brazil will join China-backed Asia investment bank

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    Brazil said on Friday it had accepted China’s invitation to join its Asian Infrastructure Investment Bank (AIIB) as a founding member. “Brazil is very interested in participating in this initiative,” the office of President Dilma Rousseff said in a short statement. It said no …

  • World Biz  |  MARCH 28, 2015 9:28 AM

    US oil rig decline smallest since December

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    The number of rigs drilling for oil in the United States declined by 12 this week to 813, the smallest decline since December, oil services firm Baker Hughes said in its closely watched survey on Friday. That compares with declines of 41 and …

  • World Biz  |  MARCH 28, 2015 9:20 AM

    Citibank Argentina suspended from capital market opers

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    Argentina’s central bank said on Friday it was temporarily suspending Citibank Argentina from conducting capital market operations. The central bank said it was taking the measure due to what it called Citigroup’s deal with litigating hedge funds in the US law courts in the …

  • Economy, Featured and Exclusive, World Biz  |  MARCH 28, 2015 8:00 AM

    The banker who saved Russia’s economy

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    It was Dec 16 -- the day Russian traders would later christen Black Tuesday -- and the rouble was in a freefall.

  • Corporate & Property  |  MARCH 27, 2015 10:12 PM

    CIDB takes 32 contractors to court in 1Q 2015

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    A total of 32 contractors have been charged in court by the Construction Industry Development Board (CIDB) for various offences in the first quarter, this year.

  • Commodities & World Biz  |  MARCH 27, 2015 9:59 PM

    China’s CNOOC to boost oil output by 18%

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    China's top offshore oil producer CNOOC Ltd said on Friday its 2014 net profit rose 6.5%, beating forecasts, as cost cuts and higher output helped it offset the slide in global oil prices.

  • Economy  |  MARCH 27, 2015 9:35 PM

    ’97% of Asean roadmap touch points completed’

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    97% of the 339 touch points for the implementation of the Roadmap for an Asean Community (2009-2015) has been achieved, said Tourism and Culture Ministry secretary-general, Ong Hong Peng.

  • Corporate  |  MARCH 27, 2015 9:24 PM

    Mercury Industries seeks 70% stake in Paramount Bounty

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    Mercury Industries Bhd has proposed to acquire a 70% stake in Paramount Bounty Sdn Bhd (PBSB) for RM42 million.

  • Featured and Exclusive & World Biz  |  MARCH 27, 2015 9:08 PM

    UNHCR orders 30,000 shelters from Ikea

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    Sweden's Ikea has received its first order for temporary flat-pack refugee shelters and expects to double or triple production in the coming three years, it said on Friday.

  • World Biz  |  MARCH 27, 2015 8:50 PM

    Blackberry posts better than expected 4Q earnings

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    BlackBerry Ltd posted better-than-expected quarterly earnings on Friday, offering signs its turnaround efforts may be beginning to gain traction, but a larger-than-expected drop in revenue worried investors.

  • Corporate  |  MARCH 27, 2015 8:33 PM

    AirAsia adds three new routes

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    AirAsia has further strengthened its network into Indonesia and the Philippines via three separate hubs in Malaysia.

  • Corporate & Property  |  MARCH 27, 2015 8:19 PM

    Selangor Properties posts lower 1Q profit of RM59.6 mil

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    Selangor Properties Bhd posted a lower pre-tax profit of RM59.6 million in the first quarter (1Q) ended January 31, 2015, from RM157.1 million a year earlier.

  • Corporate & Featured and Exclusive  |  MARCH 27, 2015 8:11 PM

    PCB gets shareholders’ nod to sell Integrax stake to TNB

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    Perak Corporation Bhd (PCB) has received its shareholders' nod for the proposed disposal of its entire equity interest in Integrax, held via its unit, Taipan Merit Sdn Bhd.

  • Corporate  |  MARCH 27, 2015 7:07 PM

    Berjaya Corp 3Q15 pre-tax profit jumps to RM1.1 bil

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    Berjaya Corp Bhd's pre-tax profit for the third quarter ended Jan 31 2015 (3Q15) jumped to RM1.1 billion from RM162.91 million in the same period last year.

  • Corporate  |  MARCH 27, 2015 6:59 PM

    Silk Holdings trims pre-tax loss to RM1.32 mil in 2Q15

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    Silk Holdings Bhd's trimmed its pre-tax loss to RM1.32 million in the second quarter of the current financial year ended Jan 31, 2015 (2Q15), against a pre-tax loss of RM3.03 million recorded in the same quarter in 2014.

  • Corporate  |  MARCH 27, 2015 6:53 PM

    Prestariang wins RM29 mil contract from IRB

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    Prestariang Bhd's wholly-owned unit, Prestariang Systems Sdn Bhd (PSSB), has received a Letter of Award (LOA) from the Inland Revenue Board (IRB) worth RM29.99 million.

  • Corporate  |  MARCH 27, 2015 6:47 PM

    Yinson FY15 pre-tax profit rises to RM278.9 mil

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    Yinson Holdings Bhd's pre-tax profit rose to RM278.9 million for the financial year ended Jan 31, 2015 from RM152.07 million recorded in the previous financial year.

  • Commodities  |  MARCH 27, 2015 6:42 PM

    Rubber market closes lower on lack of demand

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    The Malaysian rubber market closed lower today on lack of demand.