• Corporate, Featured and Exclusive, Property  |  JANUARY 26, 2015 10:05 PM

    PR1MA approves 72 residential projects nationwide

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    1Malaysia People's Housing (PR1MA) Corporation has approved the development of 72 residential projects throughout the country this year, said its chief executive officer Abdul Mutalib Alias.

  • Commodities  |  JANUARY 26, 2015 9:42 PM

    Opec sees US$200 oil possible with lack of investment

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    The Organisation of the Petroleum Exporting Countries’ (Opec’s) secretary-general said oil prices as high as US$200 a barrel are possible if there’s a lack of investment in new supply. “If you don’t invest in oil and gas, you will see …

  • World Biz  |  JANUARY 26, 2015 9:35 PM

    Seagate’s quarterly revenue rises 4.8%

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    Hard drive maker Seagate Technology Plc’s quarterly revenue rose 4.8%, helped by higher demand for its cloud storage products. The net income attributable to Seagate rose to US$933 million (RM3.3 billion), or US$2.78 per share, in the second quarter ended on Jan 2 …

  • World Biz  |  JANUARY 26, 2015 9:30 PM

    SAP asks Apple to share hacker-fighting intelligence

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    SAP SE is trying to marshal business technology’s biggest suppliers to gather hacker-fighting intelligence following a spate of security problems with open-source software. The biggest maker of business applications has contacted companies including Microsoft Corp and Apple Inc about sharing …

  • Singapore  |  JANUARY 26, 2015 8:29 PM

    S’pore oilfield service firms struggle to refinance debt

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    Two Singapore oilfield service firms are finding it tough to refinance debt maturing later this year as the slump in crude prices has made investors and lenders hesitant, banking sources said. Ezra Holdings Ltd has a S$200 million (RM534.64 million) bond due September …

  • Corporate  |  JANUARY 26, 2015 8:16 PM

    Asean gets 97.2 mil international tourists in 2014

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    A total of 97.2 million international tourists visited the 10 Asean member states last year, posting a growth of 3% from 2013. The operationalisation of Asean Open Skies Agreements helped to maintain intra-Asean travel as the main source of tourism growth in the …

  • Enterprise  |  JANUARY 26, 2015 8:09 PM

    BOH produces limited Palas Supreme Tea for WEF

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    BOH Plantations Sdn Bhd has produced specially designed Palas Supreme tea canisters in conjunction with the 2015 World Economic Forum (WEF) Annual Meeting in Davos, Switzerland. The limited edition packaging was specially flown to Davos and presented as a special gift to participants …

  • Corporate, Featured and Exclusive, Property  |  JANUARY 26, 2015 7:55 PM

    Govt to build 6,000 homes under PPA1M Phase 2

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    The government will develop 6,000 more units of houses under the Putrajaya 1Malaysia Civil Servants Housing Programme (PPA1M) next month, said chief secretary to the government Ali Hamsa.

  • Corporate  |  JANUARY 26, 2015 7:42 PM

    CapitalMalls to buy Tropicana City Mall for RM540 mil

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    CapitaMalls Malaysia Trust is acquiring the Tropicana City Mall and Tropicana City Office Tower from Tropicana City Sdn Bhd for RM540 million. In a filing to Bursa Malaysia, CapitaMalls said the costs, including the acquisition fee, will be RM565 million. The acquisition will …

  • Singapore  |  JANUARY 26, 2015 7:30 PM

    Furniture vouchers case grips S’pore property market

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    Perks used by property firms in Singapore to entice buyers of luxury apartments are under scrutiny after a bank sued a developer for allegedly conspiring with borrowers to inflate about S$182 million (RM486.52 million) of home loans. With Singapore’s real …

  • Corporate  |  JANUARY 26, 2015 7:18 PM

    Miti expects halal exports surplus to exceed RM32 bil

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    The International Trade and Industry Ministry (Miti) expects total export surplus for the halal industry this year to exceed the RM32 billion achieved in 2013. Deputy Minister Hamim Samuri said there is massive untapped growth potential the global halal industry ‎which local Halal …

  • Property  |  JANUARY 26, 2015 7:12 PM

    Stalled Pulau Melaka project revived

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    The Pulau Melaka residential and commercial property project, which stalled in 1998, has been restored by Kejuruteraan Asas Jaya Sdn Bhd (KAJ) at the cost of RM64.5 million. Melaka Transport and Project Recovery Committee chairman Lim Ban Hong said Melaka Chief Minister Idris …

  • Corporate  |  JANUARY 26, 2015 7:03 PM

    Boustead Naval Shipyard recovers sunk KD Perantau

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    Boustead Heavy Industries Corporation Bhd (BHIC) today announced that the Royal Malaysian Navy (RMN) hydrographic survey vessel, KD Perantau, which sank last week, was raised above water and successfully transferred to the Synchrolift at the Boustead Naval Shipyard Sdn Bhd. With the recovery …

  • Featured and Exclusive & Opinion  |  JANUARY 26, 2015 7:00 PM

    Building a caring economy

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    Neuroscientific studies have shown that humans can be motivated by care and systems of affiliation just as easily as they can be by power and achievement or consumption and desire. After all, we have evolved to be able to form stable relationships, build trust, and care for children, all of which requires a capacity for compassion and empathy.

  • Corporate & Singapore  |  JANUARY 26, 2015 6:53 PM

    Survey shows M’sians prefer to travel to Dubai

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    The most travelled people hailed from Singapore, with 82% having travelled internationally in the past 12 months followed by Malaysia at 67% and Thailand at 65%.

  • Corporate  |  JANUARY 26, 2015 6:53 PM

    ‘Operating expenses cut not specific to any ministry’

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    The recent cut in operating expenditure of RM5.5 billion in the Budget 2015 is not specific to any ministry, says Second Finance Minister Ahmad Husni Hanadzlah.

  • Economy & World Biz  |  JANUARY 26, 2015 6:45 PM

    Sweden govt plans to invest ‘big’ to revive exports

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    Sweden’s government plans to increase investments into the economy to revive exports amid a push to capture growth outside of Europe.

  • World Biz  |  JANUARY 26, 2015 6:41 PM

    Investors urged to tap into Greater Mekong Subregion

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    Investors must tap the investment opportunities in the Greater Mekong Subregion (GMS) via Thailand to gain exposure in the region and capitalise on its growth. In a statement today, Maybank Kim Eng said recent developments in GMS, including improved cross-border trade, investment and …

  • Corporate & World Biz  |  JANUARY 26, 2015 6:38 PM

    S&P to downgrade more oil & gas firms if weak oil persists

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    More oil and gas companies in Asia-Pacific could skid closer toward downgrades if crude prices do not recover, says Standard & Poor's Ratings Services.

  • Corporate & Featured and Exclusive  |  JANUARY 26, 2015 6:31 PM

    Bursa amends listing requirements

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    Bursa Malaysia has made several amendments to its listing requirements (LR) to strengthen investor protection and improve business efficiency, according to an official statement by Bursa.