• World Biz  |  APRIL 1, 2015 10:15 PM

    Ping An to buy 9.9% stake in Country Garden for RM3 bil

    Story by

    Ping An Insurance Group Co, China’s second-biggest insurer, will buy a 9.9% stake in real estate developer Country Garden Holdings Co for about HK$6.3 billion (RM3 billion).

  • Finance  |  APRIL 1, 2015 10:07 PM

    ‘Basel III could help resolve Islamic finance weaknesses’

    Story by

    Regulatory proposals for a liquidity coverage ratio for Islamic financial institutions could help address some of the industry's long-standing weaknesses, particularly the lack of high-quality liquid assets (HQLAs), said Standard & Poor's Ratings Services.

  • Corporate  |  APRIL 1, 2015 9:57 PM

    Firms unveil new car prices after GST implementation

    Story by

    More companies have announced price reductions for their vehicles, following the implementation of the goods and services tax (GST) effective today.

  • World Biz  |  APRIL 1, 2015 9:42 PM

    Uber files complaints with EU over German, Spanish bans

    Story by

    Uber has filed complaints with Brussels against Spain and Germany over their bans on the mobile phone taxi-hailing service, ramping up the US company's battle against legal challenges across Europe.

  • Corporate  |  APRIL 1, 2015 9:37 PM

    MTEM outfit to open retail store at Nu Sentral Mall

    Story by

    Gemilang Usahawan Agency, an outfit under the Malay Economic Action Council (MTEM), plans to open its first retail store at Nu Sentral Mall here, aiming at promoting local brands.

  • Corporate  |  APRIL 1, 2015 9:32 PM

    Iskandar set to become data hub for SE Asia, says firm

    Story by

    Iskandar Malaysia is consolidating its position and is poised to be a key data centre hub for Southeast Asia with its location on the opposite side of Singapore, said international consulting firm BroadGroup Consulting.

  • Corporate & Featured and Exclusive  |  APRIL 1, 2015 9:16 PM

    Brahim’s, MAS extend talks on catering agreement

    Story by

    Brahim's Airline Catering Sdn Bhd, a 70%-owned subsidiary of Brahim's Holdings, has extended its negotiation with Malaysia Airline System Bhd to April 30 from March 31 to further discuss a new catering agreement.

  • Enterprise  |  APRIL 1, 2015 9:08 PM

    MaGIC to produce 200 social entrepreneurs by year-end

    Story by

    Malaysian Global Innovation and Creativity Centre (MaGIC), an agency under the Finance Ministry, aims to produce 200 social entrepreneurs nationwide through its social entrepreneurship programme by year-end.

  • World Biz  |  APRIL 1, 2015 9:03 PM

    APAC air freight demand up 20.8% in Feb

    Story by

    Asia Pacific airlines' freight tonne kilometres (FTK) in February rose by 20.8% compared to the same month last year, underpinned by strong demand ahead of the Lunar New Year.

  • Corporate  |  APRIL 1, 2015 8:58 PM

    Hibiscus unit raises stake in PL616 North Sea to 15%

    Story by

    Hibiscus Petroleum Bhd's jointly controlled entity, Lime Petroleum Norway AS (Lime Norway) has executed an agreement with Skagen44 AS to acquire an additional 10% interest in PL616 in the North Sea.

  • Corporate  |  APRIL 1, 2015 8:53 PM

    Mitsubishi M’sia announces new car prices

    Story by

    In line with the implementation of the goods and services tax (GST), the official distributor of Mitsubishi Motors vehicles in Malaysia, Mitsubishi Motors, has announced price reductions for its vehicles, ranging from RM200 to RM2,000.

  • Corporate  |  APRIL 1, 2015 8:49 PM

    HLB aims 50% retail clients to use its mobile app in 3 years

    Story by

    Hong Leong Bank (HLB) targets 50% of its 3 million retail customer base to use its mobile application within three years under Connect digital banking platform.

  • Corporate, Featured and Exclusive, Finance  |  APRIL 1, 2015 8:33 PM

    CIMB, Maybank to finance RM3.2 bil for Cititower

    Story by

    CIMB Investment Bank Bhd and Maybank Investment Bank Bhd have signed an agreement with Cititower Sdn Bhd to provide a 20-year RM3.2 billion syndicated Islamic term financing, for its mixed commercial development project.

  • Finance  |  APRIL 1, 2015 8:13 PM

    Israel applies to join China-backed AIIB

    Story by

    Prime Minister Benjamin Netanyahu has signed a letter of application for Israel to join the China-led Asian Infrastructure Investment Bank (AIIB), the Israeli Foreign Ministry said on Wednesday.

  • Finance  |  APRIL 1, 2015 8:02 PM

    Taiwan welcome to join AIIB with ‘appropriate’ name

    Story by

    China welcomes Taiwan's decision to apply to join the Beijing-led Asian Infrastructure Investment Bank (AIIB) as long as the self-ruled island uses an appropriate name, state news agency Xinhua reported on Wednesday.

  • Corporate  |  APRIL 1, 2015 7:54 PM

    GST ‘teething problems’ to be ironed out in 4 months

    Story by

    The Finance Ministry expects the teething problems on the goods and services tax (GST), which comes into force today, will be ironed out within three to four months' time, said its Deputy Minister Ahmad Maslan.

  • Corporate & Featured and Exclusive  |  APRIL 1, 2015 7:44 PM

    CIMB dropped from advising 1MDB power asset sale

    Story by
    [email protected]

    CIMB Group Bhd has announced that it will no longer be advising on the potential sale of Edra Global Energy Bhd after being informed that their services are no longer needed as the Finance Ministry is no longer considering a sale to strategic investors.

  • Corporate  |  APRIL 1, 2015 7:32 PM

    KPDNKK to bring up GST issue on pre-paid cards

    Story by

    Domestic Trade, Cooperatives and Consumerism Minister, Hasan Malek said the issue relating to Goods and Services Tax (GST) imposed on pre-paid reload cards by telecommunication companies (Telcos) will be brought to the attention of the Customs Department. He said the matter should be …

  • Corporate & Featured and Exclusive  |  APRIL 1, 2015 7:25 PM

    Proposed MRT 2 alignment will integrate with HSR

    Story by
    [email protected]

    Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) has clarified that any alignment proposals to the MRT Line 2 remain unfinalised options, and reason that the new option would integrate with the planned High-Speed Rail (HSR), while serving an underserved …

  • Corporate & Property  |  APRIL 1, 2015 7:17 PM

    Zecon Bhd to build PR1MA homes in Kuching

    Story by

    Sarawak-based Zecon Bhd has entered into an agreement with PR1MA Corporation Malaysia (PR1MA) to develop PR1MA homes and retail units on 21.6 hectares of land in Salak Land District, Kuching. PR1MA has purchased the Salak Land District land from Zecon for RM46 million, …