• Commodities  |  AUGUST 30, 2014 12:06 PM

    Gold futures trading to remain weak

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    Trading in gold futures contract on Bursa Malaysia Derivatives expected to remain weak next week, said Phillip Futures Sdn Bhd dealer Azim Faris Ab Rahim. He said all commodities and metal were facing some difficulties, however, the geopolitical tensions will …

  • World Biz  |  AUGUST 30, 2014 11:58 AM

    China graft watchdog probes another exec at Volkswagen

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    China’s anti-graft watchdog has said it is investigating a former senior executive at Volkswagen AG’s Chinese venture, FAW-Volkswagen Automotive Co Ltd, for corruption, the latest target in a widening probe against the company. An Dewu, FAW’s former deputy general manager, was investigated for “suspected serious violations of …

  • Economy  |  AUGUST 30, 2014 11:49 AM

    US consumer spending pauses, but rises hope

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    US consumer spending fell in July for the first time in six months, but confidence among households hit a seven-year high in August, suggesting the retrenchment would be temporary. Another report on Friday showed a sharp acceleration in factory activity in the Midwest this …

  • Economy  |  AUGUST 30, 2014 11:00 AM

    Brazil enters recession in election blow to Rousseff

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    Brazil fell into a recession in the first half of the year as investment dropped sharply and the country’s hosting of the World Cup suffocated economic activity, a major blow to President Dilma Rousseff’s already fading hopes for re-election in October. Latin America’s largest economy has suffered stagnant …

  • Commodities  |  AUGUST 30, 2014 10:47 AM

    Rubber market to continue weak

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    The Malaysian rubber market is likely to continue its downtrend next week, tracking the bearish outlook on the Tokyo Commodity Exchange (TOCOM), dealers said. They said TOCOM rubber futures are expected to remain weak, following volatile Japanese equities and a stronger yen. “Traders …

  • Markets  |  AUGUST 30, 2014 10:43 AM

    Stocks rise, bond yields steady as ECB seen on hold

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    Global equity markets rose on Friday, posting their best month since February on strong US data, while German bond yields edged up from record lows as  expectations that the European Central Bank would ease monetary  policy next week faded. The US benchmark …

  • OTHERS  |  AUGUST 30, 2014 10:41 AM

    The great Malaysia Airlines rescue takes off

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    The big rescue plan for Malaysia Airlines is out and it will cost more than the past three rescues combined. Can Khazanah Nasional's 12-point plan turn around the ailing five-star carrier's fortunes?

  • Commodities  |  AUGUST 30, 2014 10:24 AM

    Tin market to be lower due to slower demand

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    The Kuala Lumpur Tin Market (KLTM) is likely to be lower next week on the back of slower demand in line with other commodities, dealers said. Most dealers said the price was expected to hover near a seven-month low of  US$22,000 per …

  • Markets  |  AUGUST 30, 2014 10:21 AM

    Bursa to consolidate due to sluggish growth and tension

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    Bursa Malaysia is expected to consolidate next week in the absence of lack local leads, smaller cap stocks breather, overextended broad market rally, concerns over sluggish growth in Europe and renewed Ukraine-Russia tension. Affin Investment Bank Vice-President and Head of Retail Research Dr …

  • Finance  |  AUGUST 30, 2014 10:15 AM

    Ringgit to trade between 3.13 and 3.17 against USD

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    The ringgit is likely to trade between 3.13 and 3.175 against the US dollar next week, driven by external developments. Forex Trader Eddie Koay said the ringgit would undergo short-covering next week as Bank Negara Malaysia was capping the ringgit to sustain …

  • Corporate  |  AUGUST 29, 2014 9:24 PM

    Protasco pre-tax profit increases to RM29.18 mil

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    Protasco Bhd’s pre-tax profit for the second quarter ended June 30, 2014 rose to RM29.19 million from RM24.05 million in the same period a year ago. Revenue increased to RM200.931 million from RM196.02 million previously, the company said in a …

  • Corporate  |  AUGUST 29, 2014 9:19 PM

    Petronas awards 13 major contracts for PIC project

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    Petronas has further strenghtened the forward momentum for its Pengerang Integrated Complex (PIC) project in Johor by awarding 13 major contracts and three Letters of Award (LOA) to successful bidders, consists of local and international contractors. Petronas Executive Vice President …

  • Corporate  |  AUGUST 29, 2014 9:10 PM

    Achieving lower cost structure key to MAS recovery plan

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    Achieving a significantly lower cost structure is a crucial antidote to ensure the success of Khazanah Nasional Bhd’s RM6 billion recovery plan for Malaysia Airlines (MAS) unveiled today. This entails MAS gravitating to a regional focus on destinations within the …

  • Issues  |  AUGUST 29, 2014 9:00 PM

    Are we getting enough bang for the buck?

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    In this final part of the series, KiniBiz compares what we are getting and the costs with those of two neighbouring countries involving two deals to see where we stand.

  • Corporate  |  AUGUST 29, 2014 8:56 PM

    FGV, firms sign pacts to acquire, refurbish plant

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    Felda Global Ventures Downstream Sdn Bhd (FGVD) has signed joint venture agreements with M2 Capital Sdn Bhd and Benefuel International Holdings S.A.R.L. to acquire and refurbish a plant in Kuantan, Pahang for RM151.6 million. In a statement today, Felda Global …

  • World Biz  |  AUGUST 29, 2014 8:48 PM

    Petrobras-led bond surge fueled by Rousseff slide

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    Brazilian companies led by state- controlled oil producer Petroleo Brasileiro SA are posting their biggest monthly gains since February in the bond market as polls show President Dilma Rousseff will lose her re-election bid. Voter surveys this week showed Rousseff, …

  • World Biz  |  AUGUST 29, 2014 8:36 PM

    McD: Russian regulator is inspecting 100 restaurants

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    McDonald’s Corp. said Russia’s consumer-safety regulator is inspecting more than 100 of its restaurants after the world’s largest fast-food chain by revenue was forced to close 12 locations in the country. McDonald’s temporarily closed four restaurants in Krasnodar, in southern …

  • Corporate  |  AUGUST 29, 2014 8:19 PM

    OSK Holdings reports higher profit for 2Q14

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    OSK Holdings Bhd’s pre-tax profit for the second quarter ended June 30, 2014 rose by 36% to RM56.67 million from RM41.52 million in the corresponding period last year. The earnings per share for the quarter increased by 1.49 sen to …

  • Commodities  |  AUGUST 29, 2014 8:13 PM

    CPO futures end lower

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    Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives fell today amid overwhelming bearish sentiments in the market, a dealer said. He said traders were concerned that at the current low prices demand was expected to remain sluggish. “Many …

  • Corporate  |  AUGUST 29, 2014 8:10 PM

    SapuraKencana makes gas discovery in fifth well

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    SapuraKencana Petroleum has announced another gas discovery from the fifth and final well within the SK408 production sharing contract (PSC) area offshore Sarawak, where it previously made "significant" gas discoveries in June.