• World Biz  |  JANUARY 24, 2015 9:57 PM

    Carrefour franchisee to pursue Egypt growth

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    The owner of Carrefour SA’s franchise for the Middle East will pursue expansion in Egypt after business at a shopping mall in Cairo’s suburbs recovered from looting during the 2011 revolt that ended Hosni Mubarak’s rule. “There is probably no …

  • World Biz  |  JANUARY 24, 2015 9:53 PM

    Draghi seeks real economic union

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    Mario Draghi said euro-area states should form a ‘real’ economic union that would speed and coordinate structural reforms and target common economic goals. In an opinion piece in Germany’s Wirtschaftswoche magazine, the European Central Bank president said an economic union …

  • World Biz  |  JANUARY 24, 2015 9:47 PM

    Madagascar needs reforms to hit 5% growth

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    Madagascar will not achieve the 5% growth the International Monetary Fund has projected for it this year unless it introduces reforms to boost tax revenue and improve the business climate, an IMF official told Reuters. The Fund said earlier this week that the economy …

  • World Biz  |  JANUARY 24, 2015 9:34 PM

    US crude down after Saudi king dies

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    Brent crude was buoyed on Friday by market uncertainty over the future of Saudi oil output, while US crude fell on more signs of oversupply. Saudi Arabia’s new king, Salman, who took the throne on Friday morning after the death of his brother …

  • Commodities  |  JANUARY 24, 2015 12:12 PM

    KLTM to to hover around US$19,300 a tonne

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    The tin price on the Kuala Lumpur Tin Market (KLTM) is expected to hover around US$19,300 a tonne next week supported by foreign traders. A dealer said the KLTM is expected to receive support mainly from Europen traders following improved economic sentiment in …

  • Commodities  |  JANUARY 24, 2015 12:09 PM

    Rubber market to continue downtrend

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    The Malaysian rubber market is likely to  continue its downtrend next week following the depressed economic outlook as the crude oil price downtrend continues, a dealer said. “The economic outlook has forced natural rubber (NR) prices to fall further, which would cause …

  • Finance  |  JANUARY 24, 2015 12:06 PM

    Ringgit to stabilise after sluggish performance

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    The ringgit is likely to stabilise next week after a sluggish performance this week, following the European Central Bank’s (ECB) quantitative easing (QE) programme and signs of stabilising oil prices, dealers said. A dealer said the ECB’s plan to purchase 60 billion euro …

  • Commodities  |  JANUARY 24, 2015 12:02 PM

    Gold futures on Bursa to turn bearish

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    Gold futures contracts on Bursa Malaysia Derivatives could turn bearish next week if the US dollar continues its upbeat momentum. Phillip Futures Sdn Bhd Dealer Ong Soo Ling said gold prices would come  under pressure, weighed down by a stronger dollar. She …

  • Markets  |  JANUARY 24, 2015 11:55 AM

    Bursa to rebound by revised budget

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    Bursa Malaysia is expected to rebound next week, driven by positive approval of Malaysia’s revised budget, stable oilprice and a huge monetary easing programme in Europe. Affin Hwang Investment Bank Head of Retail Research Nazri Khan said a strong finish in the …

  • World Biz  |  JANUARY 24, 2015 11:41 AM

    US futures raises minimum security deposits

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    The US National Futures Association on Monday will increase the minimum security deposit requirements for five more foreign exchange

  • Editor's Picks & Featured and Exclusive  |  JANUARY 24, 2015 10:00 AM

    Where’s the concern over East Malaysia floods?

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    Here are some of our best news, analyses and comments over the past week, in case you missed any.

  • World Biz  |  JANUARY 24, 2015 9:15 AM

    UPS weighs on Wall St but indexes up for week

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    US stocks fell on Friday, pressured by underwhelming corporate news including guidance from economic activity bellwether UPS and as materials stocks fell after bearish research notes. The Dow Jones industrial average fell 141.38 points, or 0.79%, to 17,672.6, the S&P 500 lost 11.33 points, or …

  • Corporate & Featured and Exclusive  |  JANUARY 23, 2015 11:37 PM

    Khoo Kay Peng’s wife seeks RM1.2 bil in UK divorce

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    Khoo Kay Peng, Malayan United Industries Bhd’s chairman, was accused by a lawyer for his wife in a bitter UK divorce case of hiding from London court orders and being a “feckless husband.” Khoo, non-executive chairman of retailer Laura Ashley …

  • Featured and Exclusive & World Biz  |  JANUARY 23, 2015 11:22 PM

    Samsung said to make RM27 bil offer for Blackberry

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    Smartphone company Samsung has recently approached BlackBerry Ltd to buy the company for as much as US$7.5 billion (RM27 billion), looking to gain access to its patent portfolio, according to a person familiar with the matter and documents seen by Reuters.

  • Corporate & Property  |  JANUARY 23, 2015 11:16 PM

    E&O eyes Taiwanese buyers for 18 East at Andaman

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    Property developer, Eastern & Oriental Bhd (E&O), expects Taiwanese property buyers to snap up its 18 East at Andaman in Penang, following the launch of the property in Taipei, Taiwan. In a statement today, E&O deputy managing director, Eric Chan Kok Leong, said …

  • Corporate  |  JANUARY 23, 2015 11:10 PM

    UMW eyes RM100 mil sales growth on new Grantt oil

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    UMW Grantt International Sdn Bhd (UMWG) is targeting sales growth of up to RM100 million over the next five years for the newly improved range of Grantt lubricants. UMW Engineering and Manufacturing executive director Megat Shahrul Azmir said the target is expected to …

  • Corporate  |  JANUARY 23, 2015 8:40 PM

    F&N renews Asean licences for Nestle liquid milk brands

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    Fraser & Neave Holdings Bhd (F&N) and its dairy units have renewed licences for Société des Produits Nestlé SA and Nestec SA (Nestlé) liquid milk brands granted in 2007. In a statement here today, F&N said consequently, it will continue to manufacture and …

  • Corporate, Economy, Featured and Exclusive  |  JANUARY 23, 2015 8:29 PM

    Revised Budget 2015 not required to be tabled again

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    The revised Budget 2015 is not required to be tabled again as a number of proactive measures announced recently did not involve any additional or supplementary expenditure, said the Finance Ministry. The ministry said the measures were made known at the Special …

  • Enterprise  |  JANUARY 23, 2015 8:09 PM

    SME Bank allocates RM100 mil for SME Go promo

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    SME Bank has allocated a RM100 million fund to provide funding with a payback period of up to 15 years for small and medium enterprises (SMEs) to export their products under the SME Go programme. The programme, held in collaboration with Malaysia …

  • Corporate  |  JANUARY 23, 2015 7:59 PM

    Changing work patterns intrude personal time

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    Changing work patterns is increasing the strain on business people and regularly intruding into their personal time, according to the findings of a survey conducted by Regus, the world’s largest provider of flexible workplaces. The survey of 22,000 workers in over 100 countries …