• Corporate & Economy  |  APRIL 21, 2015 10:51 AM

    US tourist traffic to M’sia stable despite 2014 tragedies

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    Despite the three plane tragedies of last year, the 2014 tourist traffic from the United States (US) to Malaysia remained stable. “The total number of arrivals from the United States in Malaysia was around 262,000 in 2014. Despite the three tragedies, we achieved …

  • Corporate & World Biz  |  APRIL 21, 2015 10:12 AM

    AirAsia X to pay passengers for cancelled destination

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    Malaysian budget airline AirAsia X Bhd said on Tuesday it will compensate travellers inconvenienced by its decision to quit direct flights to the Australian city of Adelaide after authorities received a “significant number” of complaints. In a statement on its …

  • Singapore & World Biz  |  APRIL 21, 2015 10:02 AM

    Singtel seeks delisting from Australian exchange

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    Singapore Telecommunications Ltd (Singtel) on Tuesday said it wants to delist from the Australian stock exchange due to low trading interest. Singtel has been listed on the ASX in the form of Chess Depositary Interests (CDIs), which allow foreign companies …

  • Finance & Markets  |  APRIL 21, 2015 9:49 AM

    Ringgit opens lower against US dollar

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    The ringgit opened lower against the US dollar today as the greenback remained firm against major currencies, currency traders said. At 9.12 am, the local unit was quoted at 3.6365/6395 to the US dollar compared with Monday’s close of 3.6200/6230. A dealer said …

  • Markets  |  APRIL 21, 2015 9:46 AM

    KL shares open higher as heavyweights gain

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    The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) opened higher today, extending yesterday’s buying momentum, while supported by gains in most heavyweights, dealers said. As at 9.15 am, the FBM KLCI stood at 1,852.93, up 4.27 points, after opening 2.05 points better at …

  • Commodities  |  APRIL 21, 2015 9:24 AM

    Oil bulls may be better off buying stocks and currencies

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    Oil bulls may be better off buying stocks and currencies, according to Societe Generale SA. While US crude has jumped 29% from a six-year low in March, returns are being eroded by a market structure called contango, whereby contracts for …

  • World Biz  |  APRIL 21, 2015 9:07 AM

    Uber faces US lawsuit claiming bias against blind riders

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    Uber Technologies Inc must defend against a lawsuit accusing the popular ride-sharing service of discriminating against blind people by refusing to transport guide dogs, a federal judge ruled. In a decision late Friday night, US Magistrate Judge Nathanael Cousins in …

  • Corporate  |  APRIL 21, 2015 8:50 AM

    Analysts positive on DRB-Hicom’s China venture

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    Analysts have expressed positive sentiments towards the news that DRB-Hicom Bhd (DRB-Hicom) will be entering a joint venture to manufacture and distribute Lotus brand cars in China, noting that the China market is vast, and presents opportunities. DRB-Hicom had announced …

  • Economy & World Biz  |  APRIL 21, 2015 8:30 AM

    Japan Inc echoes govt’s stance towards China-led AIIB

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    Nearly three quarters of Japanese firms believe Tokyo should join the China-led Asian Infrastructure Investment Bank (AIIB) only if governance conditions are met, a Reuters poll found, a view that supports the government’s cautious stance on signing up as a member. …

  • Corporate, Featured and Exclusive, World Biz  |  APRIL 21, 2015 8:07 AM

    IBM sales fall for 12th quarter, shed unprofitable units

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    International Business Machines Corp (IBM) reported a 12% fall in first-quarter revenue as the technology company continues to shed unprofitable businesses to focus on cloud-computing initiatives. Shares in the world’s largest technology services company flitted around the unchanged mark in …

  • Issues  |  APRIL 21, 2015 8:00 AM

    Should Bank Negara remove itself from KWAP?

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    A proposed amendment to the Retirement Fund Act 2007 is causing a stir, not least because it seeks to remove Bank Negara’s involvement in the RM112 billion pension fund KWAP.

  • Commodities  |  APRIL 21, 2015 7:53 AM

    Gold below US$1,200 on steadier dollar

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    Gold fell below US$1,200 an ounce on Monday as equities rallied and the dollar steadied, while traders assessed China’s new policy measures to shore up the world’s second-largest economy and risks that Greece may default. Spot gold was down 0.8% …

  • Finance & Markets  |  APRIL 21, 2015 7:46 AM

    Dollar rises as Greece anxieties sting the euro

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    The dollar rose broadly on Monday, with the euro sliding more than half a percent against the U.S currency, on growing concern that Greece may default on debts. The euro was last off 0.70% against the dollar at US$1.0730, weighed …

  • Commodities & Featured and Exclusive  |  APRIL 21, 2015 7:33 AM

    Oil up on drop in US crude stockpiles, Mid-East tensions

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    Oil prices ended in positive territory on Monday after a drop in stockpiles at the delivery point for US crude in the second half of last week outweighed pressure from near record high production in Saudi Arabia. Tensions after the …

  • Featured and Exclusive & Markets  |  APRIL 21, 2015 7:17 AM

    Wall Street rallies on China stimulus, Dow Jones up 1.17%

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    Wall Street ended sharply higher on Monday after China moved to stimulate its slowing economy while investors bought up technology stocks on cautious optimism on upcoming earnings reports. In the second industry-wide cut in two months, China’s central bank on …

  • Economy  |  APRIL 20, 2015 11:25 PM

    Najib: M’sia economy set to grow 4.5%-5.5% this year

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    Malaysia's economy is set to grow between 4.5% and 5.5% this year, Prime Minister Najib Abdul Razak said today.

  • Corporate  |  APRIL 20, 2015 11:20 PM

    32% populated areas covered by 4G, says Shabery

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    32% of populated areas across the country are already covered by 4G technology, according to the Communications and Multimedia Minister Ahmad Shabery Cheek.

  • Economy & Featured and Exclusive  |  APRIL 20, 2015 9:57 PM

    China, Pakistan launch economic corridor link

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    China and Pakistan launched a plan on Monday for energy and infrastructure projects in Pakistan worth US$46 billion (RM167.1 billion), linking their economies and underscoring China's economic ambitions in Asia and beyond.

  • Corporate & Featured and Exclusive  |  APRIL 20, 2015 9:27 PM

    ‘Price rise due to traders not claiming sales tax refunds’

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    The current price increase of goods is partly attributed to traders who are eligible but have chosen not to make the claims for the special sales tax refund on stock in hand, said Royal Malaysian Customs Department GST division director Subromaniam Tholasy.

  • Corporate  |  APRIL 20, 2015 9:17 PM

    Nexgram unit proposes to increase stake in GIL

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    Nexgram Holdings Bhd's unit, Nextnation Network Sdn Bhd, has proposed to acquire an 18.60% stake in Godynamic Investments Limited (GIL) for RM18.53 million.

  • Corporate  |  APRIL 20, 2015 9:14 PM

    Nestle Q1 pre-tax profit increases to RM244.25 mil

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    Nestle (Malaysia) Bhd's pre-tax profit for the first quarter ended March 31, 2015 rose to RM244.25 million from RM238.81 million a year ago.

  • World Biz  |  APRIL 20, 2015 8:58 PM

    Thai Smile hopes to launch KL flights

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    Chalongchai Hiranyalekha, advisor to Thai Smile Airways' commercial executives, told reporters on Monday that the airline hopes to launch new routes to Yangon, Mandalay, Kuala Lumpur, Colombo and Hyderabad.

  • Corporate  |  APRIL 20, 2015 8:50 PM

    Biotech Corp eyes RM30 mil from BioShoppe operations

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    Malaysian Biotechnology Corporation (BiotechCorp) targets to generate income of RM20 million to RM30 million in the first year of operations of its BioShoppe network.

  • World Biz  |  APRIL 20, 2015 8:46 PM

    Cirque du Soleil said to be sold for RM5.5 bil

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    Founder Guy Laliberté has agreed to sell control of Cirque du Soleil, the world's largest theatrical production company, for about US$1.5 billion (RM5.5 billion), The Globe and Mail reported, citing sources familiar with the matter.

  • Corporate  |  APRIL 20, 2015 8:38 PM

    Moody’s: Sime Darby’s profit, cash generation to improve

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    Sime Darby Bhd's profitability and cash generation are expected to improve based on expectation of 2015 crude palm oil (CPO) prices of RM2,240 per tonne, said Moody's Investors Service.

  • Corporate  |  APRIL 20, 2015 8:31 PM

    PNB gives RM130 bil in dividends, bonuses since 1981

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    Permodalan Nasional Bhd (PNB) has distributed dividends and bonuses amounting to RM130.55 billion since the establishment of Amanah Saham Nasional Bhd in 1981.

  • Corporate  |  APRIL 20, 2015 8:25 PM

    Sunsuria inks RM173.4 mil deal with Sime Darby Prop

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    Sunsuria Bhd and Sime Darby Property (Sungai Kapar) Sdn Bhd have entered into a conditional share purchase agreement to acquire 50% equity interest in Sime Darby Sunsuria Development Sdn Bhd (SDSDSB) for RM173.4 million.

  • Opinion  |  APRIL 20, 2015 8:11 PM

    In new millennium, no jobs for millennials

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    Young people bounce back from adversity faster than their elders, right? Not when it comes to American jobs.

  • Economy  |  APRIL 20, 2015 7:47 PM

    Sabah gets RM147 bil in investments since 2008

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    Sabah has received cumulative committed investments of RM147 billion since the launch of the Sabah Development Corridor in 2008, Deputy Chief Minister Yahya Hussin said.

  • Corporate, Featured and Exclusive, Finance  |  APRIL 20, 2015 7:25 PM

    Three banks to provide RM1 bil loan for Impian Bebas

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    Three Malaysian banks are to provide property company Impian Bebas Sdn Bhd with a 15-year RM1.08 billion syndicated Islamic financing, Maybank Investment Bank Bhd (Maybank IB), one of the banks involved, said.

  • Corporate  |  APRIL 20, 2015 7:03 PM

    Mobile van team to enlighten public on GST

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    The Domestic Trade, Cooperatives and Consumerism Ministry (KPDNKK) has set up a mobile van team to go around enlightening the public on the implementation of the goods and services tax (GST) starting this week.

  • Corporate  |  APRIL 20, 2015 6:51 PM

    Affin to rebalance retail, corporate segments

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    Affin Holdings Bhd plans to rebalance the portfolio for the retail and corporate segments of its banking division to 50:50 in the next three years.

  • Featured and Exclusive & Markets  |  APRIL 20, 2015 6:39 PM

    Shanghai Stock Exchange software runs out of zeros

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    The exchange's trading turnover exceeded 1 trillion yuan (RM594 billion) for the first time on Monday, but the data could not be properly displayed because its software was not designed to report numbers that high.

  • World Biz  |  APRIL 20, 2015 6:31 PM

    Economy class travellers lift int’l passenger traffic growth

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    Passenger travel on international markets rose 4.6% in February compared with a year ago, driven by economy class travellers, the International Air Transport Association (IATA) said.

  • Markets  |  APRIL 20, 2015 5:59 PM

    HKMA intervenes to keep HK dollar within trading band

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    The Hong Kong Monetary Authority (HKMA) stepped into the currency market again and sold HK$2.3 billion (RM1.1 billion) in Hong Kong dollars on Monday as the local currency hit the strong end of its trading range.

  • Commodities  |  APRIL 20, 2015 5:50 PM

    Rubber market ends lower

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    The Malaysian rubber market closed lower in quiet trading today, tracking weaker sentiment on regional markets which curbed buying interest among foreign buyers.

  • Markets  |  APRIL 20, 2015 5:46 PM

    Ringgit ends higher against US dollar

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    The ringgit ended on a firm note against the US dollar today, on better demand and in line with most emerging Asian currencies.

  • Markets  |  APRIL 20, 2015 5:39 PM

    KL shares end slightly higher

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    Shares on Bursa Malaysia ended mixed today, recouping earlier losses on mild buying interest in selected finance and plantation counters, dealers said.

  • Commodities & Featured and Exclusive  |  APRIL 20, 2015 5:31 PM

    Oil holds biggest weekly gain since 2009 on China stimulus

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    Oil rose in London, holding its biggest weekly gain in five years as China took steps to stimulate its economy and US drillers idled rigs for a 19th week.

  • Corporate  |  APRIL 20, 2015 5:17 PM

    Minister: M’sia to spearhead biorefinery industry

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    Malaysia will become a pioneer in producing high-value oleo derivatives such as specialty chemical, olefins, saturated methyl ester and methyl ester sulfonate from palm oil.

  • Corporate  |  APRIL 20, 2015 5:08 PM

    ‘EPF pulls off best valuation possible for London property’

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    The sale of One Sheldon Square in London to British Land, the UK's largest real estate company, for GBP210 million (RM1.1 billion) is the highest price ever fetched for a property in that area of the city, the Employees Provident Fund (EPF) said.

  • World Biz  |  APRIL 20, 2015 5:02 PM

    Dalian Wanda to open nearly 900 malls by 2025

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    China's Dalian Wanda Group said it aims to have 1,000 shopping malls open by 2025, a nine-fold jump from the end of last year, as the country's largest commercial property developer bets on growth in consumer activity, especially in lower-tier cities.

  • Corporate  |  APRIL 20, 2015 4:44 PM

    Qdos to invest RM35 mil to develop MIS tech in M’sia

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    Manufacturer of flexible printed circuits Qdos Holdings Bhd plans to invest RM35 million to develop the first-of-its-kind semiconductor technology in Malaysia.

  • Corporate  |  APRIL 20, 2015 4:39 PM

    MAS’ new excess baggage fees take effect April 22

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    Malaysia Airlines (MAS) said its revised excess baggage fee structure will come into effect on April 22.

  • Corporate  |  APRIL 20, 2015 4:33 PM

    Frasers Hospitality unveils Fraser Residence KL

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    Frasers Hospitality, the hospitality arm of Frasers Centrepoint Group, has opened its third property in Malaysia, the Fraser Residence Kuala Lumpur, its largest serviced residence to date.

  • World Biz  |  APRIL 20, 2015 4:22 PM

    Adidas to use marine plastic waste in products from 2016

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    German sportswear firm Adidas is teaming up with a group trying to clean up the world's oceans with a plan to develop materials made from marine plastic waste that can be used in its products.

  • Corporate, Featured and Exclusive, Property  |  APRIL 20, 2015 4:09 PM

    PR1MA says max home prices remain at RM400,000

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    Perumahan Rakyat 1Malaysia (PR1MA) Bhd has reiterated that its homes have always been priced at between RM100,000 and a maximum of RM400,000.

  • Markets  |  APRIL 20, 2015 4:02 PM

    KL shares remain lower at mid-afternoon

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    Shares on Bursa Malaysia remained easier at mid-afternoon today on continued profit taking in selected blue chips, dealers said.

  • TigerTalk  |  APRIL 20, 2015 3:57 PM

    A GST jolt at the ‘chap fan’ stall

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    [email protected]

    Well here I was at the “chap fan” (Chinese mixed rise, err, rice) stall one blistering Saturday after the introduction of the much dreaded goods and services tax or GST which was going to send prices of goods higher -- how much higher was the question.

  • Corporate  |  APRIL 20, 2015 3:30 PM

    Analysts cautious on BAT’s second price cut in 2 weeks

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    [email protected]

    Following British American Tobacco (M) Bhd (BAT)’s price reduction for its brands, analysts have expressed surprise and caution, as this represented the second price revision for the tobacco player in the past two weeks. BAT had revised the prices of …