STORIES TAGGED WITH

  • Finance  |  JULY 25, 2014 10:07 PM

    China to launch three pilot private banks

    Story by
    www.dpa.com

    China has formally approved three private banks to launch pilot lending projects as part of a package of financial reforms, the government said on Friday. The three banks will be operated by groups of private companies in the economically developed …

     
  • World Biz  |  JULY 25, 2014 9:29 PM

    Herbalife hires PepsiCo exec for new public-policy role

    Story by
    www.bloomberg.com

    Herbalife Ltd., the nutrition company being investigated by the Federal Trade Commission over allegations that it’s a pyramid scheme, hired a PepsiCo Inc. executive to take on a newly created public-affairs job. Alan Hoffman, a former aide to US Vice …

     
  • World Biz  |  JULY 25, 2014 9:03 PM

    Virgin Money issues junior debt to repay govt’s investment

    Story by
    www.bloomberg.com

    Virgin Money Holdings Plc, the banking unit of billionaire Richard Branson’s Virgin Group Ltd., issued new-style debt capital securities to repay the UK Treasury’s investment in the lender. The Newcastle-upon-Tyne, England-based company priced 160 million pounds (RM863 million) of additional …

     
  • Economy  |  JULY 25, 2014 8:44 PM

    Malaysia unemployment rate remains at 2.9% for May

    Story by
    www.bernama.com

    Malaysia's unemployment rate remained unchanged at 2.9% for May 2014 from April.

     
  • Commodities  |  JULY 25, 2014 8:42 PM

    CPO prices fall on persistent weakness in soybean mart

    Story by
    www.bernama.com

    Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives reversed earlier gains to close lower today dampened by the persistent weakness in soybean market in Chicago, a dealer said. Phillip Futures Sdn Bhd Derivative Product Specialist David Ng said …

     
  • Corporate & Property  |  JULY 25, 2014 7:22 PM

    Persona Metro secures RM160 mil contract

    Story by
    [email protected]

    Pesona Metro Holdings Bhd, through its subsidiary Pesona Metro Sdn Bhd, has received a letter of award from GDP Architects Sdn Bhd, issued on behalf of Eastern & Oriental’s indirect subsidiary KCB Trading Sdn Bhd, for a project to construct an apartment block at Jalan Yap Kwan Seng.

     
  • Corporate & Featured and Exclusive  |  JULY 25, 2014 7:03 PM

    MAS should takeover Air Asia says former MAS MD

    Story by
    www.bernama.com

    Former Malaysian Airline System Bhd (MAS) managing director, Abdul Aziz Abdul Rahman has suggested that the ailing carrier acquire profit-making AirAsia Bhd as a strategy to resolve its financial woes and return to profitability in the long term.

     
  • Featured and Exclusive & Opinion  |  JULY 25, 2014 6:46 PM

    India’s Chinese dream

    Story by
    www.project-syndicate.org

    SEOUL – In recent years, China and India have both emerged as global economic superpowers, with China leading the way. But, with Chinese growth slowing and the need for structural change becoming increasingly acute, will the economic-reform efforts of India’s …

     
  • Corporate & Property  |  JULY 25, 2014 6:43 PM

    London new goal for M’sian developers, says Knight Frank

    Story by
    [email protected]

    According to Knight Frank Malaysia Sdn Bhd’s associate director, Herbert Leong, developers in Malaysia are looking towards London as the next target, saying that the developers are keen to tap into the market there. Among some of the names bandied about include SP Setia Bhd, the Berjaya Group, as well as Eastern & Oriental Bhd.

     
  • Corporate  |  JULY 25, 2014 6:32 PM

    UOBKH downgrades Sarawak Oil Palm

    Story by
    [email protected]

    Sarawak Oil Palms was downgraded by UOB Kay Hian to a Hold recommendation, with a lower target price of RM7.05 from a previous RM7.80. While the group had seen a good first half to 2014, a slowdown is expected in …

     
  • World Biz  |  JULY 25, 2014 6:07 PM

    Digital to boost beauty biz- L’Oreal chairman

    Story by
    www.bloomberg.com

    When Jean-Paul Agon put on makeup at a L’Oreal SA board meeting last month, the biggest surprise wasn’t how the French company’s chairman looked in its lipstick, blush and eyeshadow. It was how easy it was to take it off. …

     
  • Corporate  |  JULY 25, 2014 6:03 PM

    Rafizi denies seeking commissions from Splash

    Story by
    [email protected]

    Strategic director of opposition party PKR (Parti Keadilan Rakyat) Rafizi Ramli has denied interfering in Selangor’s water restructuring negotiations and seeking payouts from private water concessionaire Splash (Syarikat Pengeluar Air Selangor). “There have been wild allegations directed at me and …

     
  • Corporate  |  JULY 25, 2014 6:00 PM

    TNB inks investment agreement in Sri Lanka

    Story by
    [email protected]

    Government-linked utility provider Tenaga Nasional Bhd (TNB) announced today in a regulatory filing that it has signed an investment agreement in relation to a 35MW (megawatt) renewable energy hybrid wind and solar power project in Jaffna, Sri Lanka. TNB said …

     
  • Corporate  |  JULY 25, 2014 5:58 PM

    Icon falls; Maybank IB no longer stabilising manager

    Story by
    [email protected]

    Shares of offshore services provider Icon Offshore Bhd fell by 3.9% to RM1.73 with 1.21 million shares done at 10.06 am this morning, following news that Maybank Investment Bank Bhd (Maybank IB) had ceased to be the stabilising manager for …

     
  • Markets  |  JULY 25, 2014 5:45 PM

    KL shares ends slightly higher

    Story by
    www.bernama.com

    Last-minute buying in selected heavyweights pushed the local benchmark to close slightly positive, dealers said.

     
  • Commodities  |  JULY 25, 2014 5:35 PM

    Rubber market ends marginally lower

    Story by
    www.bernama.com

    The Malaysian rubber market ended slightly lower today weighed down by weaker crude oil prices and slower US economic growth projection, a dealer said.

     
  • World Biz  |  JULY 25, 2014 5:33 PM

    MH17: KLM CEO wants ‘justice to be done’

    Story by
    www.bloomberg.com

    KLM Chief Executive Officer Camiel Eurlings called for “justice to be done” after 194 Dutch citizens died in a crash of Malaysian Air MH17 that was most likely downed by a missile strike in eastern Ukraine last week. “Our first …

     
  • Markets  |  JULY 25, 2014 5:30 PM

    Ringgit ends higher against US dollar on renewed demand

    Story by
    www.bernama.com

    The ringgit closed marginally higher against the US dollar and other major currencies Friday on renewed demand for the domestic currency.

     
  • Corporate  |  JULY 25, 2014 5:27 PM

    CIMB downgrades Public Bank to ‘sell’

    Story by
    [email protected]

    CIMB Investment Bank downgraded Public Bank Bhd to a ‘sell’, lowering their target price for the bank to RM17.50 from RM19.40. The downgrade, made due to the high valuation of the bank’s shares, arrives on the back of the lower-than-expected …

     
  • Corporate  |  JULY 25, 2014 5:23 PM

    RM27 bil open tender for Penang Transport Master Plan

    Story by
    www.bernama.com

    The Penang government is calling for an open tender to appoint a Project Delivery Partner (PDP) to help implement the RM27 billion Penang Transport Master Plan.

     
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