• Corporate & Economy  |  DECEMBER 22, 2014 12:33 PM

    Research firms expect M’sia’s 2014 GDP to grow by 5.8%

    by BERNAMA

    Malaysia's real gross domestic product (GDP) growth is likely to expand by 5.8% year-on-year (y-o-y) in 2014 and 5% next year, said Affin Hwang Capital.

  • World Biz  |  DECEMBER 22, 2014 12:16 PM

    Survey shows London finance execs expect 21% bonus jump

    Story by

    Managing directors at London’s financial-services companies are expecting a 21% increase in bonuses for 2014, according to Astbury Marsden.

  • Markets  |  DECEMBER 22, 2014 12:10 PM

    KL shares extend gains at mid-morning

    Story by

    Share prices on Bursa Malaysia extended gains at mid-morning today, boosted by persistent buying support for blue chips and heavyweights.

  • Markets & World Biz  |  DECEMBER 22, 2014 10:41 AM

    China’s debt crisis spells opportunity for investors

    Story by

    Standard & Poor’s and Moody’s Investors Service predict municipalities facing severe financing needs may follow the lead of Beijing’s subway builder in selling debt overseas to cut costs.

  • Corporate  |  DECEMBER 22, 2014 10:22 AM

    Health Ministry to monitor medicine prices with GST

    Story by

    The Health Ministry will monitor the price of medicine to ensure patients are not burdened by expensive medicine after the implementation of the goods and services tax (GST) in April next year.

  • Corporate & Featured and Exclusive  |  DECEMBER 22, 2014 10:03 AM

    GST to bite into banking services

    Story by

    Once the goods and services tax (GST) is implemented next year, trips to the bank and even ATMs would become a more costlier affair.

  • Markets  |  DECEMBER 22, 2014 9:45 AM

    Ringgit opens easier in early trade

    Story by

    The ringgit opened easier against the US dollar this morning, due to weak appetite for the local note.

  • Markets  |  DECEMBER 22, 2014 9:40 AM

    KL shares open higher

    Story by

    Shares on Bursa Malaysia opened higher on Monday, supported by buying demand for selected blue chips and key heavyweights.

  • World Biz  |  DECEMBER 22, 2014 9:24 AM

    Fear factor fades as global M&A hits 7-year high

    Story by

    Chief executives got their deal-making confidence back in 2014, emboldened by a clearer outlook for their businesses to take the global value for mergers and acquisitions (M&A) to their highest annual level since 2007.

  • Property & Singapore  |  DECEMBER 22, 2014 8:21 AM

    Blackstone can wait 5 years for S’pore property recovery

    Story by

    Blackstone Group LP, which is taking part in the refinancing of luxury Singapore properties, is prepared to wait as long as five years for a turnaround in residential prices to see higher returns on the transaction.

  • Corporate  |  DECEMBER 22, 2014 8:01 AM

    Auto sector likely to slow down in 1H15 despite new models

    Story by

    Automotive players are expected to introduce new and enhanced versions of existing models next year, including energy-efficient vehicles (EEVs) at very competitive prices.

  • Corporate  |  DECEMBER 22, 2014 7:36 AM

    Proton ready to collaborate on Asean car project, says CEO

    Story by

    Malaysian carmaker Proton Holdings Bhd says it is ready to collaborate in the Asean car project.

  • StockStalk  |  DECEMBER 22, 2014 7:30 AM

    SP Setia: Waiting for PNB’s move

    Story by
    [email protected]

    Fundamentals remain mostly intact for SP Setia, which is set to end the year as the biggest developer by market cap. But without a firm driver, can a great car stay ahead? All eyes are on majority shareholder Permodalan Nasional Berhad as the timing of an expected M&A remains uncertain.

  • Issues  |  DECEMBER 22, 2014 7:00 AM

    Slowing economic growth in store for 2015

    Story by
    [email protected]

    Indications are the Malaysian economy will grow at a slower pace after speeding along at above 6% during the first nine months of the year. Events that could have an impact on economic expansion in 2015 are the introduction of GST from April 1, 2015 and plunging crude oil prices.

  • World Biz  |  DECEMBER 21, 2014 9:12 PM

    Yuan to stay basically stable despite fluctuations

    Story by

    China’s yuan, or renminbi, will stay basically stable despite fluctuations, state radio cited the deputy chief of China’s central bank as saying on Sunday. The yuan has been under pressure in the past month due to increased year-end dollar demand by some firms …

  • World Biz  |  DECEMBER 21, 2014 6:10 PM

    UAE urges all world’s oil producers not to raise output

    Story by

    The United Arab Emirates oil minister urged all of the world’s producers on Sunday not to raise their oil output next year, saying this would quickly stabilise prices. “We invite everyone to do what OPEC did and take a step to balance the market …

  • OTHERS  |  DECEMBER 21, 2014 9:38 AM

    Luc Coene supports government bond purchases

    Story by

    The European Central Bank should start buying government bonds to tackle poor investor confidence and low inflation in the euro zone, governing council member Luc Coene said in an interview published on Saturday. The Belgian central bank chief said the bank had already waited …

  • World Biz  |  DECEMBER 21, 2014 9:30 AM

    Idemitsu in talks to buy Showa Shell for US$4.2 bil

    Story by

    Oil refiner Idemitsu Kosan Co is in talks to acquire a smaller rival, Showa Shell Sekiyu, for US$4.2 billion in a deal that could create Japan’s second largest player in the domestic gasoline market, a person with knowledge of the issue said. Idemitsu and …

  • World Biz  |  DECEMBER 20, 2014 9:45 PM

    Constancio sees negative inflation rate in months ahead

    Story by

    European Central Bank Vice President Vitor Constancio said in a magazine interview he expected the euro zone inflation rate to turn negative in the coming months but that if this was just a temporary phenomenon, he did not see a risk of deflation. Annual …

  • World Biz  |  DECEMBER 20, 2014 2:39 PM

    Oil surges 5% as bears take profits seeing US$60 floor

    Story by

    Oil closed up as much as 5% on Friday, its biggest gain in over two years, as some traders took profits on short positions after prices this week hit their lowest since 2009. A sharp bout of short-covering prior to expiry of …