• Issues  |  SEPTEMBER 2, 2014 9:00 PM

    Malaysia Airlines’ history of failed recovery

    Story by
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    Since the government re-took ownership of MAS following the disastrous privatisation of the national airline in the late 1990s, there had been various efforts undertaken to return the national carrier to long-term, sustainable profitability. In the first of four pieces, Kinibiz recaps the last few restructuring plans that were undertaken and have ultimately failed.

  • Corporate  |  SEPTEMBER 2, 2014 8:57 PM

    MASwings to introduce new business plan

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    MASwings Sdn Bhd, a subsidiary of Malaysia Airlines (MAS), plans to introduce a new business plan, including improving the quality of rural air services in Sabah and Sarawak next year. Its chief executive officer, Captain Ritzerwan Rashid, said the plan was …

  • Corporate  |  SEPTEMBER 2, 2014 8:36 PM

    Muhibbah bags RM100 mil BASF Petronas deal

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    Muhibbah Engineering (M) Bhd has bagged a RM100 million contract from BASF Petronas Chemicals Sdn Bhd. The contract was for the construction, fabrication and installation of the new aroma chemical complex for lemongrass project located in Kuantan. “Construction works will commence immediately …

  • Commodities  |  SEPTEMBER 2, 2014 8:25 PM

    CPO futures prices end higher

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    Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed higher today on the back of strong performance of the soybean oil market, a dealer said. “However, sluggish performance in exports for the month of August raised concerns over …

  • Corporate  |  SEPTEMBER 2, 2014 7:57 PM

    Signature Int’s unit to acquire land for RM50.78 mil

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    Signature International Bhd’s unit Signature Realty Sdn Bhd is acquiring five parcels of industrial land measuring 15.73 hectares within Techpark Two in Bandar Enstek, Negeri Sembilan for RM50.78 million. The properties will be earmarked for the future development of a …

  • Corporate  |  SEPTEMBER 2, 2014 7:33 PM

    MAS restructuring plan must be brave- Musa Hitam

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    The radical restructuring plan to revive the ailing Malaysia Airlines (MAS) must be brave enough, be innovative and think out of the box, former Deputy Prime Minister Musa Hitam said. “I wish for the sake of the country, this time we …

  • Corporate & Featured and Exclusive  |  SEPTEMBER 2, 2014 7:30 PM

    Maxis Communications Bhd denies wrongdoing in Indian scandal

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    Local telco Maxis Communications Bhd (MCB) has denied any allegation of wrongdoing with to charges filed against tycoon Ananda Krishnan and Maxis director Ralph Marshall in India over telecommunications deals done in that country.

  • World Biz  |  SEPTEMBER 2, 2014 7:27 PM

    China Mobile bulls surge on earnings turnaround bets

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    Bets that China Mobile Ltd.’s US$2 billion (RM6.3 billion) cut in handset subsidies will help the world’s biggest phone company reverse a profit slump pushed bullish options on the stock to a 19-month high. One-month calls that pay out if …

  • World Biz  |  SEPTEMBER 2, 2014 7:11 PM

    JPMorgan sees European banks rising 10%

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    Deutsche Bank AG and Societe Generale SA are among lenders seen driving a 10% gain among European banks by year-end as investor concerns over their capital levels and legal bills ease, JPMorgan Chase & Co. analysts said. European bank shares, …

  • Corporate  |  SEPTEMBER 2, 2014 7:01 PM

    Pantai Holdings to transfer 100% equity to Parkway Pantai

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    IHH Healthcare Bhd's (IHH) indirect unit, Parkway Pantai Ltd (PPL), has received the approval from the Inland Revenue Board of Malaysia (IRB) for the transfer of 100% equity interest in Pantai Holdings Bhd (PHB) to PPL.

  • Corporate & Featured and Exclusive  |  SEPTEMBER 2, 2014 6:36 PM

    Sime Darby battens down the hatches Down Under

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    In Australia, diversified conglomerate Sime Darby Group Berhad is laying off nearly 8% of its workforce as it braces for prolonged headwinds caused depressed coal prices to continue.

  • Corporate & World Biz  |  SEPTEMBER 2, 2014 6:27 PM

    Berjaya to dispose of share in Berjaya (China) Great Mall

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    Berjaya Land Bhd's unit, Berjaya Leisure (Cayman) Ltd (BCayman), together with Berjaya Times Square (Cayman) Ltd (BTS-Cayman) are disposing of a total of 70% stake in Berjaya (China)Great Mall Co Ltd (GMOC) to Carnival Group.

  • Corporate  |  SEPTEMBER 2, 2014 6:15 PM

    EPF 2Q14 investment income up 13% to RM10.4 bil

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    The Employees Provident Fund (EPF) has recorded a 13.47% surge in investment income to RM10.40 billion for the second quarter ended June 31, 2014 compared with RM9.16 billion in the corresponding quarter last year.

  • Corporate & Featured and Exclusive  |  SEPTEMBER 2, 2014 6:01 PM

    Audi Malaysia shapes up with Buschmann made MD

    Story by
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    DRB-Hicom’s Euromobil hands over distributorship to new team from Audi headed by marketer Immo Buschmann

  • Commodities  |  SEPTEMBER 2, 2014 5:29 PM

    Rubber market ends mixed

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    The Malaysian rubber market ended mixed today amid negative sentiment as growth in China's vast factory sector slackened in August on slowing foreign and domestic demand, a dealer said.

  • Markets  |  SEPTEMBER 2, 2014 5:26 PM

    KL shares close lower on lack of buying momentum

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    Share prices on Bursa Malaysia closed lower today on lack of buying momentum.

  • Markets  |  SEPTEMBER 2, 2014 5:25 PM

    Ringgit ends lower against US dollar

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    The ringgit extended losses to the third consecutive trading day against the US dollar today, with the greenback becoming more attractive to investors, dealers said.

  • Featured and Exclusive & World Biz  |  SEPTEMBER 2, 2014 5:16 PM

    Uber faces ban in Germany after court ruling

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    Uber Technologies Inc., maker of the ride-hailing application that’s being challenged by cab drivers around the globe, faces a Germanywide ban as a taxi organization won an emergency ruling in a Frankfurt court.

  • World Biz  |  SEPTEMBER 2, 2014 5:05 PM

    Nissan’s Andy Palmer said to be new CEO at Aston Martin

    Story by

    Aston Martin Lagonda Ltd. tapped Nissan Motor Co. executive Andy Palmer to run the 101-year-old UK sports-car maker, according to three people familiar with the situation. Palmer will join Aston Martin as its next chief executive officer, according to the …

  • Corporate  |  SEPTEMBER 2, 2014 4:46 PM

    CCM MD to resign, returns to Maybank


    The managing director of Chemical Company of Malaysia (CCM) Berhad, Amirul Feisal Wan Zahir, is resigning from Oct 1, 2014 after nearly four years heading the company, to join Malayan Banking Berhad (Maybank). In a regulatory announcement last Friday, CCM …