• Corporate  |  MARCH 5, 2015 7:48 PM

    M’sia, Saudi account for 62% of global Islamic AUM

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    Malaysia and Saudi Arabia together held 62% of global Islamic asset under management (AUM) which stood at US$73 billion (RM266.2 billion) in 2014.

  • Corporate & Finance  |  MARCH 5, 2015 7:41 PM

    Islamic cap mart accounts for 58% of overall cap mart

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    At RM1.6 trillion, the Islamic capital market (ICM) now accounted for 58% of the overall capital market after registering annual growth of 12% in the last five years.

  • Corporate & Finance  |  MARCH 5, 2015 7:36 PM

    Sukuk murabahah leads M’sia sukuk market in 2014

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    Sukuk murabahah has led the Malaysian sukuk market in 2014, with RM60.5 billion, or 79.5%, of the total size of sukuk approved, said Securities Commission Malaysia (SC).

  • Corporate  |  MARCH 5, 2015 7:26 PM

    Tenaga’s RM2.5 bil Prai plant on track to 2016 start

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    Local utilities player Tenaga Nasional Bhd (TNB) said its 1,071MW power plant in Seberang Prai, Penang, is on track to meet its target of beginning operations on Jan 1, 2016. The project, which cost RM2.5 billion and utilises the world’s …

  • Corporate  |  MARCH 5, 2015 7:16 PM

    Pos M’sia’s transformation plan brings increased revenue

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    Postal services provider, Pos Malaysia Bhd's five-year transformation plan is bearing fruit, with a substantial increase in the company's revenue to RM1.3 billion for financial year 2013 from RM800 million in 2012.

  • Corporate  |  MARCH 5, 2015 7:09 PM

    1MDB attacked by group with political agenda, says Zahid

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    Umno vice-president Ahmad Zahid Hamidi said there is an organised effort led by a certain group with a political agenda to attack the 1Malaysia Development Bhd (1MDB).

  • Corporate & Finance  |  MARCH 5, 2015 6:59 PM

    Petronas Capital’s proposed MTN gets ‘(P)A1′ rating

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    Moody's Investors Service has assigned a provisional "(P)A1" rating to Petronas Capital Ltd's proposed US$15 billion (RM54.7 billion) medium-term note (MTN) programme which is guaranteed by Petroliam Nasional Bhd (Petronas).

  • Corporate & Featured and Exclusive  |  MARCH 5, 2015 6:49 PM

    Cabinet supports directive for AG to vet 1MDB’s account

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    The Cabinet supports the directive by Prime Minister Najib Abdul Razak for the auditor-general to independently verify the 1Malaysia Development Bhd (1MDB) accounts.

  • Corporate, Economy, Featured and Exclusive  |  MARCH 5, 2015 6:38 PM

    Bank Negara holds policy rate steady, as expected

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    Malaysia's central bank kept its key interest rate unchanged at 3.25% on Thursday, as expected, saying inflation is only expected to trend higher after the first quarter of 2015.

  • Corporate, Economy, Featured and Exclusive, Property  |  MARCH 5, 2015 6:34 PM

    GST impact on property less than 5%, says WTW

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    The firm looked into the impact of goods and services tax (GST) on costs for both contractors and developers by calculating the cost of constructing a condominium with and without GST being taken into account.

  • Corporate  |  MARCH 5, 2015 6:28 PM

    SC receives 37 equity applications last year

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    The number of equity applications received by the Securities Commission Malaysia (SC) in 2014 increased to 37, of which 11 were received in the last two months of the year, from 25 in 2013.

  • Corporate & Featured and Exclusive  |  MARCH 5, 2015 6:14 PM

    1MDB said to be dismantled under debt repayment plan

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    Malaysia's indebted and controversy-ridden state investor 1MDB would be left as a skeletal structure and possibly dissolved under a debt repayment plan in which most of its assets would be sold, sources with direct knowledge of the matter said.

  • Markets  |  MARCH 5, 2015 5:50 PM

    KL shares end lower on selling of blue chips

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    Continued selling in most heavyweight counters dragged Bursa Malaysia to close lower today, dealers said.

  • Commodities  |  MARCH 5, 2015 5:45 PM

    Rubber market closes higher

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    The Malaysian rubber market closed higher today on the continued rally in the crude oil prices, a dealer said.

  • Markets  |  MARCH 5, 2015 5:41 PM

    Ringgit ends lower against US$

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    The ringgit eased against the US dollar in late trading today alongside other emerging Asian currencies as the greenback strengthened on the back of solid jobs data, a trader said.

  • Corporate  |  MARCH 5, 2015 5:38 PM

    Handal Resources aims to sustain growth momentum

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    Integrated offshore crane services provider and fabricator, Handal Resources Bhd which currently has a RM195 million order book, aims to sustain growth momentum going forward.

  • Corporate  |  MARCH 5, 2015 5:33 PM

    KPDNKK to get more firms to join price cut campaign

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    Domestic Trade, Cooperatives and Consumerism Minister Hasan Malek said his ministry (KPDNKK) would draw more large companies to join the price reduction campaign.

  • Corporate  |  MARCH 5, 2015 5:26 PM

    Capital market intermediaries at 231 firms in 2014

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    The number of capital market intermediaries in 2014 stood at 231 firms with 9,770 licensed representatives, said the Securities Commission (SC).

  • Corporate  |  MARCH 5, 2015 5:19 PM

    Takeover, M&A applications down 17.5% last year

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    The Securities Commission Malaysia (SC) considered 118 applications related to the "Malaysian Code on Takeovers and Mergers 2010" in 2014, a decrease of 17.5% compared with 143 applications in 2013.

  • Corporate  |  MARCH 5, 2015 5:11 PM

    Sunway to improve own IT, business infrastructure

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    Sunway Bhd is investing on a multi-million ringgit information technology (IT) and business infrastructure under a five-year transformation plan, to save cost within the group.