• Corporate & Enterprise  |  OCTOBER 1, 2014 8:06 PM

    Matrade, Alibaba launch e-Trade programme

    Story by

    The Malaysia External Trade Development Corporation (Matrade) aims to get 2,625 small and medium enterprises (SMEs) to sign up this year for its newly launched e-Trade programme with Chinese online retail giant Alibaba.

  • Commodities  |  OCTOBER 1, 2014 7:57 PM

    CPO futures close lower

    Story by

    Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives erased yesterday’s gains to close lower today, tracking the losses on the Chicago soyabean market over concerns of a large crop. On another note, Phillip Futures Sdn Bhd derivative products …

  • Corporate  |  OCTOBER 1, 2014 7:50 PM

    Microsoft to transform M’sian businesses with open source

    Story by
    [email protected]

    Microsoft Malaysia reaffirmed its commitment to transforming businesses and working with the open source community in Malaysia by participating and sponsoring the annual Malaysia Open Source Conference 2014 (MOSCMY 2014). Held at Menara Suruhanjaya Syarikat Malaysia in Kuala Lumpur, the …

  • Corporate  |  OCTOBER 1, 2014 7:48 PM

    Maybank ventures into the final frontier

    Story by
    [email protected]

    Malayan Banking Bhd (Maybank) said today that it has received a foreign banking license to open a branch office in Myanmar from the country’s central bank, making it one of nine banks to have been granted similar licenses in South East Asia’s last closed economy.

  • Corporate & Featured and Exclusive  |  OCTOBER 1, 2014 6:45 PM

    Ron 95, diesel to go up 20 sen at midnight

    Story by

    Another fuel hike is in store, with the RON 95 petrol and diesel prices slated to increase by 20 sen at the stroke of midnight. This was announced by the Domestic Trade, Consumer Affairs and Cooperatives Ministry this evening. To …

  • World Biz  |  OCTOBER 1, 2014 6:31 PM

    Samsung to invest RM1.8 bil in Vietnam TV production plant

    Story by

    South Korea’s Samsung Electronics Co Ltd said on Wednesday that it will invest US$560 million (RM1.8 billion) to build a consumer appliances production complex in Vietnam, its latest move to build manufacturing capacity in the country. Samsung, the world’s largest …

  • Commodities & Corporate  |  OCTOBER 1, 2014 6:30 PM

    New Indonesian law brings relief to planters

    Story by
    [email protected]

    While the grave implications of a shareholding cap on foreign ownership of plantations in Indonesia have passed for now, the risk remains a cloud over multinational planters’ head. The bill, which was passed end-September according to Reuters, went through without …

  • Corporate & Economy  |  OCTOBER 1, 2014 6:26 PM

    GST registration a hassle for small enterprises

    Story by

    With the implementation of the goods and services tax (GST) looming, the government wants all companies with a business turnover of RM500,000 or more a year to register with the Royal Malaysian Customs Department by the end of this year. …

  • Corporate & Featured and Exclusive  |  OCTOBER 1, 2014 6:21 PM

    1MDB claims to have another month to submit accounts

    Story by
    [email protected]

    The strategic investment fund has claimed it has until end-October to lodge its accounts with the authorities, one month more than initially thought.

  • World Biz  |  OCTOBER 1, 2014 6:18 PM

    European acquirers announce RM285 bil US deal

    Story by

    European companies are snapping up US targets at the fastest pace since 2008 as they use cheap financing and record cash levels to seek growth outside of the continent. From German drugmaker Merck KGaA to British American Tobacco Plc, European …

  • Commodities  |  OCTOBER 1, 2014 6:08 PM

    Rubber prices close lower

    Story by

    Malaysian rubber prices closed lower today following a negative sentiment from the futures market and a steep drop in crude oil prices, a dealer said.

  • Markets  |  OCTOBER 1, 2014 6:05 PM

    Ringgit closes higher against US dollar

    Story by

    The ringgit closed higher against the US dollar today supported by some interventions from Bank Negara to control further sell-off, said a dealer.

  • Markets  |  OCTOBER 1, 2014 6:00 PM

    KL shares end lower on profit-taking

    Story by

    Share prices on Bursa Malaysia ended lower today on profit-taking following the weak regional sentiment after losses on Wall Street overnight.

  • Corporate  |  OCTOBER 1, 2014 5:56 PM

    Prasarana announces leadership portfolio swap

    Story by

    Prasarana Malaysia Bhd today announced changes in its senior leadership team with the swapping of portfolios of two Group Directors effective today.

  • Corporate  |  OCTOBER 1, 2014 5:37 PM

    ABB to supply power technology to Bumi Armada

    Story by

    ABB Ltd has been selected by Bumi Armada Bhd’s subsidiary, Armada Kraken Pte Ltd, to deliver power and automation solutions for the latter’s floating, production, storage and offloading vessel (FSPO) destined for the Kraken oil field in the United Kingdom …

  • Corporate & Economy  |  OCTOBER 1, 2014 5:18 PM

    Start GST preparations early to avoid penalties- Matta

    Story by

    The Malaysian Association of Tour and Travel Agents (Matta) urged its members to register early and start their preparations for the Goods and Services Tax (GST) as non-compliance of the tax rules will be subjected to heavy penalties, said President …

  • Commodities & Corporate  |  OCTOBER 1, 2014 5:14 PM

    Felda says vital for Gov’t to increase replanting grants

    Story by

    Felda Global Ventures Holdings Bhd group president and chief executive officer Mohd Emir Mavani Abdullah says that it crucial for the government to increase its rubber and palm oil replanting programme grants as the current allocation was insufficient.

  • Corporate  |  OCTOBER 1, 2014 4:56 PM

    CIMB Thai appoints Robert Cheim as new board chairman

    Story by

    CIMB Thai Bank PCL has appointed Robert Cheim Dau Meng as the new chairman of its board of directors replacing Chakramon Phasukavanich who has resigned. In a statement, CIMB Thai Bank said the board passed a resolution on Sept 29 …

  • World Biz  |  OCTOBER 1, 2014 4:54 PM

    HK banks and financial firms moving to back-up sites

    Story by

    Some banks and other financial firms have begun moving staff to back-up premises on the outskirts of Hong Kong to prevent growing unrest in the financial hub from disrupting trading and other critical functions.

  • Enterprise  |  OCTOBER 1, 2014 4:50 PM

    Johor allocates RM1.3 mil for agro entrepreneurs

    Story by

    The state government is allocating RM1.3 million this year through the Johor Agriculture Department to assist rural agro-based entrepreneurs under its Projek Pembangunan Usahawan Industri Asas Tani. State Agriculture and Agro-based Industry Committee chairman Ismail Mohamed said the project will …