• World Biz  |  APRIL 18, 2015 10:18 PM

    Japan’s ANA Holdings to buy stake in Skymark Airlines

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    Japan’s biggest airline, ANA Holdings Inc, will buy a stake of less than 20% in Skymark Airlines Inc as part of a rescue plan for the bankrupt domestic budget carrier, people familiar with the matter told Reuters. Private equity firm Integral Corp has secured …

  • World Biz  |  APRIL 18, 2015 10:07 PM

    China, M’sia renew currency swap arrangement for 3 yrs

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    China and Malaysia have renewed their currency swap arrangement for a further three years, according to a report by China’s official Xinhua news service, quoting a statement by the Malaysian central bank. The swap exchanges 180 billion yuan (US$29.04 billion) for RM90 billion  (US$24.83 …

  • Corporate  |  APRIL 18, 2015 6:07 PM

    MAS to discontinue flights to Frankfurt

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    Malaysia Airlines (MAS) is withdrawing from Frankfurt in the course of a network rationalisation exercise and as part of the national carrier’s recovery plan. “We regret to announce that MAS is suspending flight operations in Frankfurt. The last flight out will be on …

  • Corporate & Economy  |  APRIL 18, 2015 5:44 PM

    Gov’t has targeted 92% private investments by 2020

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    The government is aiming to achieve a target of 92% in private investment in all sectors by 2020, said Minister in the Prime Minister’s Department Wee Ka Siong. He said it was driven by the current private investments of 64% of all investments …

  • Corporate  |  APRIL 18, 2015 5:39 PM

    Malakoff to raise RM3.15 bil proceeds from listing

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    Malakoff Corporation Bhd, Malaysia’s largest independent power producer, is expected to raise up to RM3.15 billion in proceeds from the offering of 1.75 billion shares at a maximum indicative price of RM1.80 per share, subject to final determination. Chairman Syed Anwar Jamalullail said …

  • Commodities  |  APRIL 18, 2015 5:32 PM

    Rubber to trade mixed in tracking crude oil prices

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    The Malaysian rubber market is likely to trade mixed next week, in tracking crude oil prices and the ringgit’s movement, a dealer said. The downtrend in the rubber price on the Tokyo Commodity Exchange and a stronger yen are also expected to weigh …

  • Commodities  |  APRIL 18, 2015 5:28 PM

    Uncertainty surrounds tin on lack of market moving news

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    The Kuala Lumpur Tin Market (KLTM) is likely to be in an uncertain mode next week due to the absence of market moving news, a dealer said. “Furthermore, we are now seeing poor demand. But, traders will keep a close eye on the …

  • Commodities  |  APRIL 18, 2015 5:23 PM

    Gold on Bursa to trade at current level

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    Gold futures contracts on Bursa Malaysia Derivatives is expected to trade at the current level of between RM143 a gramme and RM145.50 a gramme next week. Phillip Futures Sdn Bhd dealer Ong Su Ling said investors are watching closely for the US consumer …

  • Finance  |  APRIL 18, 2015 5:19 PM

    Ringgit to advance further against USD

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    The ringgit is expected to advance further against the US dollar next week, spurred by positive market sentiment amid a retreat by the US dollar. Affin Hwang Investment Bank Vice-President/Head of Retail Research Nazri Khan Adam Khan said the expectation of a …

  • Markets  |  APRIL 18, 2015 5:15 PM

    Bursa to trade higher on positive sentiment

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    Shares on Bursa Malaysia are expected to trade higher next week supported by positive regional and domestic sentiment. Affin Hwang Investment Bank vice-president/head of retail research Nazri Khan Adam Khan said the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) is also expected to …

  • Editor's Picks & Featured and Exclusive  |  APRIL 18, 2015 10:00 AM

    EPF withdrawal at 55 or 60, would it make any difference?

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    [email protected]

    There is much anger towards the Employees Provident Fund (EPF) this past week after the pension fund suggested the withdrawal age limit be raised from 55 to 60. The reasoning? To protect people against themselves. According to the EPF, 68% …

  • Opinion  |  APRIL 17, 2015 11:35 PM

    Toyota leaves Japan in the dust

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    Rather than invest any of its spoils in Japan, the car manufacturer announced plans this week to spend US$1.4 billion to build new factories in Mexico and China.

  • Economy & Featured and Exclusive  |  APRIL 17, 2015 11:04 PM

    US consumer sentiment 2nd highest since ’07

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    Consumer confidence improved in April to the second-highest level in more than eight years as Americans held more favourable views of the economic outlook and inflation.

  • Featured and Exclusive & World Biz  |  APRIL 17, 2015 10:50 PM

    Dutch launch criminal investigation into Uber

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    Dutch prosecutors launched a criminal investigation into Uber for providing an illegal taxi service in violation of a court order, a statement said on Friday.

  • Singapore  |  APRIL 17, 2015 10:41 PM

    Temasek to invest RM553 mil in India’s Glenmark Pharma

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    Singapore state investment arm Temasek will invest 9.45 billion rupees (RM552.83 million) in Glenmark Pharmaceuticals Ltd through its wholly-owned subsidiary Aranda Investments, Glenmark said in a statement on Friday.

  • Economy  |  APRIL 17, 2015 9:03 PM

    Ebola-hit nations need RM29 bil for economic recovery

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    Sierra Leone, Liberia and Guinea need US$8 billion (RM29.2 billion) to rebuild their economies as part of a plan styled on the Marshall Plan.

  • World Biz  |  APRIL 17, 2015 8:36 PM

    Airbus: Pilots still needed despite advancing technology

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    Pilots shouldn’t be replaced by fully-automated systems even after the deliberate crash of an Airbus Group NV A320 last month -- because on balance they make flying safer, according to the chief of Airbus’s commercial airliner unit.

  • Corporate  |  APRIL 17, 2015 8:27 PM

    Astro eyes 500,000 active users for Raku app

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    Astro Malaysia Holdings Bhd expects its newly-launched radio and music streaming application, Raku, to attract 500,000 active users.

  • Corporate & Featured and Exclusive  |  APRIL 17, 2015 8:22 PM

    DRB-Hicom in JV to sell Lotus cars in China

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    The JV company is to be named Goldstar Lotus Automobile and will produce and sell Lotus cars, engines, parts and components, also providing after-sales services for its products in China.

  • Commodities & Corporate  |  APRIL 17, 2015 8:16 PM

    MPOB wants monthly palm FFB sellers list

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    Beginning May, operators of palm oil mills and collection centres nationwide are required to send a monthly list of sellers of fresh fruit bunches (FFB) they deal with to the Malaysian Palm Oil Board (MPOB) to curb rampant FFB thefts, especially in Sarawak.

  • Corporate & Featured and Exclusive  |  APRIL 17, 2015 8:04 PM

    PSD denies Cuepacs’ claim on civil servants’ salaries

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    "According to government official records, the number of civil servants earning RM850 and less is 3,072," it said.

  • World Biz  |  APRIL 17, 2015 7:30 PM

    VW’s board group backs CEO in power struggle

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    Volkswagen AG (VW)'s top supervisory board group backed chief executive officer Martin Winterkorn, defusing a power struggle with chairman Ferdinand Piech.

  • Finance  |  APRIL 17, 2015 7:07 PM

    S&P maintains M’sia’s ratings

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    Standard & Poor's Rating Services has retained its outlook on Malaysia’s sovereign ratings following its successful pricing of the global sukuk yesterday.

  • Corporate & Featured and Exclusive  |  APRIL 17, 2015 6:56 PM

    BAT ciggies revert to pre-GST prices

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    British American Tobacco Malaysia (BAT) has announced that prices of all its cigarette brands will be revised back to their last pricing before April 1, effective today.

  • Corporate & Featured and Exclusive  |  APRIL 17, 2015 6:50 PM

    Decision on service charge expected Monday

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    A decision on the 10% service charge imposed by hotels and restaurants is expected to be made on Monday, following a meeting between the government and food and beverage (F&B) players and other interested parties.

  • Finance  |  APRIL 17, 2015 6:32 PM

    China: AIIB won’t be used for RM168 bil Pakistan deal

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    China does not plan to use either its new Asian Infrastructure Development Bank (AIIB) or Silk Road fund to finance the US$46 billion (RM167.9 billion) Pakistan-China Economic Corridor, with money to come from both countries instead, a senior diplomat said on Friday.

  • Corporate & Property  |  APRIL 17, 2015 6:26 PM

    MCT speeds up projects on demand for cheaper homes

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    MCT Bhd, a Malaysian property developer, will accelerate projects that will focus on affordable housing after a new tax boosted demand for cheaper homes.

  • Markets  |  APRIL 17, 2015 6:06 PM

    Ringgit ends the week firmer against the US dollar

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    The ringgit ended the week firmer against the US dollar today, buoyed by bullish sentiment that helped spur demand for the local unit. At 5 pm, the ringgit was quoted at 3.6240/6270 against the greenback from 3.6520/6550 on Thursday. JF Apex Securities head …

  • World Biz  |  APRIL 17, 2015 5:56 PM

    Tech, media and telecoms M&A hits 9-year high

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    Worldwide dealmaking in the technology, media and telecoms (TMT) sectors is at its highest level year-to-date since 2006, buoyed by Nokia’s 15.6 billon euro (RM60.7 billion) bid for Alcatel-Lucent this week, Thomson Reuters data shows. So far this year, deals …

  • Markets  |  APRIL 17, 2015 5:54 PM

    KL shares close marginally lower

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    The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) ended marginally lower today, reversing earlier gains on mild profit taking prior to the weekend.

  • Commodities  |  APRIL 17, 2015 5:49 PM

    Rubber market closes lower

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    The Malaysian rubber market closed lower in quiet trading today on mild buying interest.

  • World Biz  |  APRIL 17, 2015 5:37 PM

    Rolls-Royce wins RM34 bil engine order from Emirates

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    Rolls-Royce said it has won a US$9.2 billion (RM33.6 billion) order to supply engines for 50 A380 aircraft for Dubai's Emirates airline, providing a boost for the British company after a torrid year of profit warnings.

  • Corporate & Featured and Exclusive  |  APRIL 17, 2015 5:32 PM

    Apple’s top employees worth the RM1 bil in salary

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    Five Apple Inc employees who were paid US$281 million (RM1.03 billion) last year are among the 100 highest-paid executives in the US. They’re worth every penny, according to the Bloomberg Pay Index, the first daily ranking of US executive compensation. …

  • Markets  |  APRIL 17, 2015 5:22 PM

    China allows fund managers to lend stocks for short-selling

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    China has allowed fund managers to lend stocks for short-selling, in order to increase the supply of shares, the Securities Association of China said on its website on Friday.

  • Finance  |  APRIL 17, 2015 5:19 PM

    Successful sukuk highlights M’sia’s strong fundamentals

    Story by

    The success of Malaysia’s US$1.5 billion sukuk issuance, after a lapse of almost four years, has drawn positive response from international investors who have reaffirmed their confidence in the country’s long-term economic fundamentals, analysts said today. In brushing off negative criticisms on the …

  • Corporate  |  APRIL 17, 2015 5:15 PM

    Analysts positive on Sasbadi’s Komsas contract

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    [email protected]

    Analysts are optimistic about Sasbadi Holdings Bhd (Sasbadi)’s contract win from the Education Ministry (MOE) as the contract would aid the group’s earnings starting from their 2016 financial year (FY16). The contract worth RM2.3 million is to publish, print, and …

  • Opinion  |  APRIL 17, 2015 5:07 PM

    The rise of Nokia’s also-rans

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    In 2006, Nokia decided to spin off its also-ran mobile networking equipment business into a joint venture with fellow also-ran Siemens. That same year, French equipment maker Alcatel and its US counterpart Lucent (AT&T’s former equipment division), both still nursing their wounds from …

  • Economy & World Biz  |  APRIL 17, 2015 4:55 PM

    Japan, US seek to seal trade pact to move ahead with TPP

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    Japan sought on Friday to hold bilateral ministerial trade talks with the United States as the allies race to seal a bilateral trade deal, seen as crucial for a broader trans-Pacific free trade pact, ahead of a summit later this month. …

  • Corporate  |  APRIL 17, 2015 4:44 PM

    Higher vehicle sales recorded in March

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    Total vehicle sales in March this year rose to 67,314 units from 58,924 units in the same month last year, the Malaysian Automotive Association (MAA) said.

  • Corporate  |  APRIL 17, 2015 4:32 PM

    Melaka Foundation to settle RM94 mil loan by year-end

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    Melaka Foundation (YM) expects to settle its outstanding debt amounting to RM94 million by year-end following an encouraging financial year 2014 performance. YM general manager Zaini Md Nor said it expects to record a profit of up to RM40 million for financial year …

  • Markets  |  APRIL 17, 2015 4:13 PM

    KL shares turn easier at mid-afternoon

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    Shares on Bursa Malaysia were easier at mid-afternoon today on profit taking in selected blue chips.

  • World Biz  |  APRIL 17, 2015 4:09 PM

    How your quirky T-shirt can make you rich

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    Teespring uses social media to sell more than seven million shirts a year. It will help you make the shirt you want, sell it, and take a cut.

  • Corporate & Featured and Exclusive  |  APRIL 17, 2015 4:08 PM

    RHB Capital denies report of insurance business sale

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    Malaysian lender RHB Capital Bhd on Friday denied a media report that said it may dispose of or reduce its interest in its insurance arm, RHB Insurance Bhd. “RHB Capital would like to clarify that the company currently has no intention of disposing nor …

  • Corporate  |  APRIL 17, 2015 3:58 PM

    Samsung Galaxy S6 Edge a hit in Malaysia

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    Samsung Malaysia Electronics Sdn Bhd will re-stock the Samsung Galaxy S6 Edge in Gold Platinum to meet the overwhelming response from Malaysian consumers. “The pre-orders for both Samsung Galaxy S6 and S6 Edge have been brisk since the launch on April 2 with …

  • World Biz  |  APRIL 17, 2015 3:50 PM

    Bank of America settles currency rigging lawsuit

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    Bank of America Corp has settled its portion of a US antitrust lawsuit in which investors accused 12 major banks of rigging prices in the foreign exchange market. The settlement with the second-largest US bank was disclosed on Thursday by Scott & Scott, a …

  • Corporate & Property  |  APRIL 17, 2015 3:28 PM

    OSK Prop to launch projects worth RM1 bil in GDV

    Story by

    OSK Property Holdings Bhd expects to maintain growth this year, bolstered by new project launches worth around RM1 billion in gross development value (GDV).

  • World Biz  |  APRIL 17, 2015 3:22 PM

    Schlumberger to cut 11,000 more jobs as profit drops

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    Schlumberger Ltd announced another 11,000 job cuts after customers slashed spending in response to tumbling crude prices.

  • Corporate & Featured and Exclusive  |  APRIL 17, 2015 3:13 PM

    Authorities zooming in on Edge Media Group owner?

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    The authorities appear to be zooming in on Edge Media Group owner Tong Kooi Ong following the arrest of its chief executive officer (CEO) Ho Kay Tat last month. Ho was detained overnight together with three senior editors fromThe Malaysian …

  • Commodities & Featured and Exclusive  |  APRIL 17, 2015 3:00 PM

    Indonesia March CPO export jumps most since 2008

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    Palm oil shipments from Indonesia, the world’s biggest producer, jumped in March by the most for the month in at least seven years as China led a surge in imports of the cooking oil used in food and fuel.

  • Corporate  |  APRIL 17, 2015 2:56 PM

    MIDF initiates coverage on KLCCP

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    [email protected]

    Research house MIDF Research initiated coverage on KLCC Stapled Group (KLCCP) on the back of the REIT having a superior balance sheet against its peers, as well as resilient rental income. MIDF had initiated coverage with a “neutral” recommendation and …