• Commodities  |  DECEMBER 22, 2014 2:19 PM

    Palm export tax waiver extended to cut reserves

    Story by

    Palm oil exports from Malaysia, the world’s largest producer after Indonesia, will remain duty-free for a sixth month, as the government seeks to boost shipments and reduce inventories to support prices.

  • Commodities  |  DECEMBER 22, 2014 2:10 PM

    Australia cuts iron ore price outlook by 33%

    Story by

    Prices will average US$63 (RM218.93) a metric tonne, the Industry Ministry said today. That compares with US$94 a tonne forecasted in September by the Resources and Energy Economics Bureau, which is now part of the department.

  • Property  |  DECEMBER 22, 2014 1:55 PM

    ‘Clarification needed on Anti-Profiteering Act, GST’

    Story by

    Investors and developers in the property industry markets are seeking further clarification from the government on implementation of the Anti-Profiteering Act 2011, alongside the Goods and Services Tax (GST), to control prices of items.

  • World Biz  |  DECEMBER 22, 2014 1:46 PM

    Oil slump erases RM40.7 bil from private equity firms

    Story by

    Oil’s plunge makes energy a great investment for the coming years, according to Blackstone Group LP’s Stephen Schwarzman and Carlyle Group LP’s David Rubenstein. For private equity firms, it’s also been painful.

  • Commodities  |  DECEMBER 22, 2014 1:26 PM

    KLTM ends US$50 to US$19,150 a tonne

    Story by

    The Kuala Lumpur Tin Market (KLTM) closed US$50 higher at US$19,150 a tonne today, following the rebound in the metal price on the London Metal Exchange (LME), a dealer said.

  • Economy  |  DECEMBER 22, 2014 1:23 PM

    BNM’s OPR unchanged in 2015, say research firms

    Story by

    Two research firms have projected that the Overnight Policy Rate (OPR) will be kept unchanged at 3.25% throughout 2015.

  • Markets  |  DECEMBER 22, 2014 1:22 PM

    KL shares higher at noon, in line with regional bourses

    Story by

    Share prices on Bursa Malaysia were higher at mid-day today in tandem with its regional peers, dealers said.

  • Commodities & Economy  |  DECEMBER 22, 2014 1:15 PM

    Non-Opec oil producers should cut output, says UAE

    Story by

    Oil producers outside of the Organization of Petroleum Exporting Countries (Opec) should cut their “irresponsible” output with excess supplies harming the market, the United Arab Emirates energy minister said.

  • Markets  |  DECEMBER 22, 2014 1:08 PM

    KL shares higher at mid-day

    Story by

    At 12:30 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) edged up 24.28 points or 1.42% to 1,740.27, after moving between 1,722.67 and 1,741.59 in the morning session.

  • World Biz  |  DECEMBER 22, 2014 1:00 PM

    Xiaomi said to raise RM3.5 bil in new funding round

    Story by

    Xiaomi Corp raised about US$1 billion (RM3.5 billion) in a new funding round that values China’s largest smartphone vendor at US$45 billion, according to a person familiar with the matter.

  • Featured and Exclusive & Opinion  |  DECEMBER 22, 2014 12:52 PM

    Cities and markets can fight climate change

    Story by

    Representatives from every national government are meeting this week to work toward a global climate agreement, and the location of the conference -- Lima, Peru -- offers critically important lessons for negotiators.

  • Corporate & Economy  |  DECEMBER 22, 2014 12:33 PM

    Research firms expect M’sia’s 2014 GDP to grow by 5.8%

    by BERNAMA

    Malaysia's real gross domestic product (GDP) growth is likely to expand by 5.8% year-on-year (y-o-y) in 2014 and 5% next year, said Affin Hwang Capital.

  • World Biz  |  DECEMBER 22, 2014 12:16 PM

    Survey shows London finance execs expect 21% bonus jump

    Story by

    Managing directors at London’s financial-services companies are expecting a 21% increase in bonuses for 2014, according to Astbury Marsden.

  • Markets  |  DECEMBER 22, 2014 12:10 PM

    KL shares extend gains at mid-morning

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    Share prices on Bursa Malaysia extended gains at mid-morning today, boosted by persistent buying support for blue chips and heavyweights.

  • Markets & World Biz  |  DECEMBER 22, 2014 10:41 AM

    China’s debt crisis spells opportunity for investors

    Story by

    Standard & Poor’s and Moody’s Investors Service predict municipalities facing severe financing needs may follow the lead of Beijing’s subway builder in selling debt overseas to cut costs.

  • Corporate  |  DECEMBER 22, 2014 10:22 AM

    Health Ministry to monitor medicine prices with GST

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    The Health Ministry will monitor the price of medicine to ensure patients are not burdened by expensive medicine after the implementation of the goods and services tax (GST) in April next year.

  • Corporate & Featured and Exclusive  |  DECEMBER 22, 2014 10:03 AM

    GST to bite into banking services

    Story by

    Once the goods and services tax (GST) is implemented next year, trips to the bank and even ATMs would become a more costlier affair.

  • Markets  |  DECEMBER 22, 2014 9:45 AM

    Ringgit opens easier in early trade

    Story by

    The ringgit opened easier against the US dollar this morning, due to weak appetite for the local note.

  • Markets  |  DECEMBER 22, 2014 9:40 AM

    KL shares open higher

    Story by

    Shares on Bursa Malaysia opened higher on Monday, supported by buying demand for selected blue chips and key heavyweights.

  • World Biz  |  DECEMBER 22, 2014 9:24 AM

    Fear factor fades as global M&A hits 7-year high

    Story by

    Chief executives got their deal-making confidence back in 2014, emboldened by a clearer outlook for their businesses to take the global value for mergers and acquisitions (M&A) to their highest annual level since 2007.