• Commodities  |  FEBRUARY 1, 2015 2:55 PM

    Time for a rethink on energy security

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    Malaysia is still importing rice, our main staple food, and in the context of food security, the idea has been tossed about for a long time, but the country is still heavily dependent on imported rice. For a developing nation marching towards …

  • Economy  |  FEBRUARY 1, 2015 2:44 PM

    Build resilience in the face of economic uncertainties

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    The people should unite and build resilience and steer clear of groups who are out to sabotage the country’s economy, Communication and Multimedia Minister Ahmad Shabery Cheek said. He said they should also avoid getting involved in undesirable activities like rioting or taking …

  • OTHERS  |  FEBRUARY 1, 2015 2:37 PM

    Qatar Airways takes 9.99% stake in IAG

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    Qatar Airways has acquired a 9.99% stake in International Airlines Group (IAG), Qatar News Agency (QNA) reported. Foreign media reported the stake is worth about US$1.73 billion. The carrier said in a press release Friday the move is part of efforts …

  • Corporate  |  FEBRUARY 1, 2015 2:33 PM

    Selangor records highest bankruptcy cases in 2014

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    Selangor records the highest number of bankruptcy cases of 6,668 from 22,305 recorded nationwide last year, Minister in the Prime Minister’s Department Nancy Shukri said Kuala Lumpur recorded 3,279 cases followed by Johor Bahru (2,699 cases), Penang (1,579 cases) and Kedah (1,076 cases). Based …

  • Corporate  |  FEBRUARY 1, 2015 2:22 PM

    Excessive rice supply due to failure in grading specification

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    The excessive supply of rice reported to have occurred at a rice factory in Perlis is due to the failure of the factory to meet the rice grading specification, according to Padiberas Nasional Berhad (Bernas). In a statement today, Bernas said 6,029 tonnes …

  • OTHERS  |  FEBRUARY 1, 2015 9:13 AM

    Kenanga Investment expects moderate growth for M’sia

    Kenanga Investment Bank expects Malaysia’s economy to grow at a moderate 5.1% of the Gross Domestic Product (GDP) this year instead of its earlier projection of 5.5%. Its research head, Chan Ken Yew said the lower GDP projection was largely due to uncertainties …

  • Corporate & Featured and Exclusive  |  FEBRUARY 1, 2015 9:03 AM

    RON95, RON97, diesel retail prices drop

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    The retail price of RON95 petrol fell 21 cents per litre to RM1.70 per litre while the price of RON97 fell 11 cents per litre to RM2 a litre effective Feb 1, 2015. Domestic Trade, Cooperatives and Consumerism Minister, Hasan Malek, said the …

  • World Biz  |  JANUARY 31, 2015 9:37 PM

    How Greece can run out of cash and what Draghi can do

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    As talks between Greece’s new government and its euro-area partners turn confrontational, Mario Draghi may soon find himself with an unpleasant dilemma. The European Central Bank president controls the last source of funding that euro area lenders turn to when …

  • World Biz  |  JANUARY 31, 2015 9:25 PM

    Crown scraps US$400 mil Sri Lanka resort on casino ruling

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    Crown Resorts Ltd., the Australian casino company controlled by billionaire James Packer, said it won’t proceed with a planned US$400 million development in Sri Lanka after a government ruling on gaming projects. Sri Lanka won’t allow casinos in planned mixed …

  • Commodities  |  JANUARY 31, 2015 11:53 AM

    Tin price on KLTM to stay at current level

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    Tin price on the Kuala Lumpur Tin Market (KLTM) is likely to stay at the current level following the strengthening of the US dollar, a dealer said. He expects foreign and local buyers to remain active in the coming week with the commodity …

  • Commodities  |  JANUARY 31, 2015 11:26 AM

    Gold futures on Bursa to remain bearish

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    Gold futures contracts on Bursa Malaysia Derivatives are likely to remain bearish next week amid concern over the US interest rates hike, said dealers. He said market participants would be eyeing on the US fourth quarter gross domestic product released on Friday to …

  • Finance  |  JANUARY 31, 2015 10:35 AM

    Ringgit to consolidate and retrace back near 3.60

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    The ringgit is expected to consolidate next week and retrace back near the 3.60 level, but the case for further pressure remains. The ringgit has been traded over 700 hundred basis points lower for the past two weeks and it is time for …

  • Markets  |  JANUARY 31, 2015 10:24 AM

    Bursa to trade mix with easier buying

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    Bursa Malaysia is expected to trade mix with easier buying next week on the back of stronger US dollar and declining oil prices. The Greece election results and mixed signals from the US Federal Reserve’s (Fed) statement would also dent market sentiment, Affin …

  • Editor's Picks & Featured and Exclusive  |  JANUARY 31, 2015 10:00 AM

    Do we really need external audit on Putrajaya’s spending?

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    Here are some of our best news, analyses and comments over the past week, in case you missed any.

  • World Biz  |  JANUARY 31, 2015 9:40 AM

    US Q4 economic growth slows to 2.6% pace

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    US economic growth slowed sharply in the fourth quarter as weak business spending and a wider trade deficit offset the fastest pace of consumer spending since 2006. The slowdown followed two back-to-back quarters of bullish growth and is likely to be short-lived given the …

  • World Biz  |  JANUARY 31, 2015 9:16 AM

    US oil surges 8% on drop in oil rig count

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    Oil prices rallied on Friday following the sharpest weekly drop in US oil rig count in nearly 30 years, while the dollar index ended January with its longest run of gains since the greenback was floated in 1971. US stocks finished the day …

  • World Biz  |  JANUARY 30, 2015 10:58 PM

    Chevron Q4 profit falls to lowest since 2009

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    Chevron Corp said its quarterly profit dropped to the lowest in half a decade as collapsing global crude markets spurred billions of dollars in oil industry spending cuts.

  • Commodities & Featured and Exclusive  |  JANUARY 30, 2015 10:47 PM

    Opec Jan output rises as Iraq pumps at record pace

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    The Organisation of the Petroleum Exporting Countries (Opec) oil production rose in in January as record Iraqi output helped drive prices near six-year lows.

  • World Biz  |  JANUARY 30, 2015 10:41 PM

    MasterCard Q4 profit beats expectations

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    MasterCard Inc, the world's number two debit and credit card company, reported a better-than-expected profit for the holiday shopping quarter as customers swiped their cards more often.

  • Corporate, Economy, Featured and Exclusive  |  JANUARY 30, 2015 10:33 PM

    Moody’s attests M’sia on right track, says Najib

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    International rating agency, Moody's Investors Service's positive outlook for Malaysia is a reaffirmation that the country's economy is on the right track, Prime Minister Najib Abdul Razak said.