The Star Business News April 21, 2015 10:48:00 am
Penang land sold within the IJM group for RM402.8mil
April 21, 2015 10:09:00 pm
KUALA LUMPUR: IJM Properties Sdn Bhd’s subsidiary Aura Hebat Sdn Bhd will acquire 32.76 acres within the IGB group’s existing The Light Waterfront development in Penang for RM402.8mil and develop it into an integrated waterfront mixed-use development...
Goh Ban Huat declares 12 sen dividend
April 21, 2015 08:42:00 pm
KUALA LUMPUR: Ceramic ware manufacturer Goh Ban Huat Bhd (GBH), whose net profit fell 95% to RM241,000 in the financial year ended Dec 31, 2014, declared a first interim dividend of 12 sen per RM1 share on Tuesday....
Moving HQ to Singapore makes sense for StanChart, says Aberdeen
April 21, 2015 08:07:00 pm
SINGAPORE: Standard Chartered has a strong business case to move its headquarters from London to Singapore and save millions in taxes as, unlike HSBC , it doesn't have a banking network in the UK, Aberdeen Asset Management said....
Malaysia Airports sets up Istanbul airport steering committee
April 21, 2015 07:28:00 pm
KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) has established an integration steering committee (ISC) on Monday in relation to the acquisition of Sabiha Gokcen International Airport (SGIA) in Istanbul, Turkey....
PNB says withdrawal or redemptions exempted from GST
April 21, 2015 07:17:00 pm
KUALA LUMPUR: Permodalan Nasional Bhd (PNB) clarified the withdrawal or redemption of all its unit trust funds are not subjected to the Goods and Services Tax (GST). ...
CIMB Thai Bank Q1 net profit down on higher provisions
April 21, 2015 06:53:00 pm
KUALA LUMPUR: CIMB Thai Bank Plc, a subsidiary of CIMB Bank Bhd, reported a 70% drop year-on-year (yoy) in consolidated net profit to 130.6 million baht (RM14.65mil) for the first quarter ended March 31, 2015....
Petronas FLNG to tap marginal fields by 1Q of 2016
April 21, 2015 06:49:00 pm
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) expects to complete its ambitious floating liquefied natural gas (FLNG) vessel by the first quarter next year....
Matrix Concepts buys land in Puchong
April 21, 2015 06:42:00 pm
KUALA LUMPUR: Property developer, Matrix Concepts is acquiring a 5.8 acre land from IRDK Ventures Sdn Bhd for a residential development project in Puchong, Selangor for RM95mil....
Genting, Petronas Chemicals help propel KLCI to September high
April 21, 2015 06:26:00 pm
KUALA LUMPUR: Strong fund buying of Genting Bhd and Petronas Chemicals helped propel the FBM KLCI to close at 1,862 which was the highest since September 2014, but the gains still lagged the key regional bourses. ...
Singtel bids farewell to ASX
April 21, 2015 06:08:00 pm
KUALA LUMPUR: Singapore Telecommunications Ltd (Singtel) is seeking a delisting from the Australian Securities Exchange (ASX) where its securities are listed in the form of Chess Depositary Interests (CDIs)....
UK chip designer ARM hits a high after iPhone 6 boost
April 21, 2015 06:03:00 pm
ARM Holdings, the British chip designer favoured by Apple, beat expectations for first-quarter profit thanks to demand for the iPhone 6, and said its royalties would grow as its latest technology is used in more smartphones....
Govt to allocate RM15bil for Green Tech in 11MP
April 21, 2015 05:24:00 pm
KUALA LUMPUR: The government is allocating more than RM15bil in the 11th Malaysia Plan (11MP) as part of a game-changing move to introduce green technology initiatives into the economy. ...
ABAC Malaysia calls for bold decisions by ASEAN towards AEC
April 21, 2015 05:19:00 pm
KUALA LUMPUR: The ASEAN Business Advisory Council (ABAC) Malaysia says its imperative for members of the regional grouping to show progress in making the ASEAN Economic Community (AEC) a reality....
Thai Q1 economy likely contracted quarter-on-quarter
April 21, 2015 05:13:00 pm
BANGKOK: Thailand’s economy likely contracted in the first quarter from the previous three months but looks set to return to growth in April-June, a central bank official said on Tuesday. - Reuters...
Indonesia will not re-introduce gasoline subsidies - energy min
April 21, 2015 05:09:00 pm
JAKARTA: Indonesia will not re-introduce government subsidies for gasoline even if prices bounce back to previous highs, the energy minister said on Tuesday. - Reuters...
China launches 3 new free trade zones
April 21, 2015 04:57:00 pm
BEIJING: China officially launched another three free trade zones (FTZs) on Tuesday after the establishment of the country's first FTZ, the Shanghai FTZ, in September 2013....
Qualcomm to tap Samsung Elec to make new mobile processors: report
April 21, 2015 04:49:00 pm
US chip maker Qualcomm Inc plans to have its next-generation Snapdragon 820 mobile processors manufactured by Samsung Electronics Co Ltd, tech news website Re/code reported, citing unnamed sources....
Bumi Armada rebounds, near late November high
April 21, 2015 04:26:00 pm
KUALA LUMPUR: Bumi Armada Bhd’s share price rose to a high of RM1.28 on Tuesday, which was near the late November high of RM1.36 before it skidded in line with the collapse in crude oil prices....
OCBC upbeat on Eurozone Index Beta Fund's performance
April 21, 2015 04:12:00 pm
KUALA LUMPUR: OCBC Bank (Malaysia) Bhd, the exclusive distributor of the newly-launched series of funds managed by RHB Asset Management Sdn Bhd, is upbeat on the RHB-OSK Eurozone Index Beta Fund's long-term performance....
Petronas Chemicals gears up for 80%-85% plant utilisation rate
April 21, 2015 03:59:00 pm
KUALA LUMPUR: Integrated chemicals producer, Petronas Chemicals Group Bhd (PCG) is currently pushing for a higher average plant utilisation rate of between 80 to 85 per cent in a bid to drive sales volume....
Construction of MRT reaches 61.9%
April 21, 2015 03:46:00 pm
KUALA LUMPUR: The construction of the Mass Rapid Transit (MRT) project has reached 61.9%, said MRT Corp Sdn Bhd chief executive officer, Datuk Seri Shahril Mokhtar....
RAM Ratings: RHB restructuring proactive
April 21, 2015 12:15:00 pm
KUALA LUMPUR: RAM Ratings views RHB Capital Berhad’s recently announced proposed corporate restructuring as a proactive move in light of the impending changes in Bank Negara Malaysia’s (BNM) regulations. ...
Hovid up as KWAP emerges as substantial shareholder
April 21, 2015 12:13:00 pm
KUALA LUMPUR: Hovid Bhd’s share price was given a boost and rose to a high of 56.5 sen on Tuesday after Kumpulan Wang Persaraan (Diperbadankan) (KWAP) emerged as a substantial shareholder...
Kenanga maintains Market Perform on Top Glove
April 21, 2015 10:48:00 am
KUALA LUMPUR: Kenanga Investment Research has maintained its Market Perform on Top Glove with a target price of RM5.80 based on an unchanged 17 times FY16 EPS....
Sime Darby, Public Bank lead KLCI up
April 21, 2015 10:32:00 am
KUALA LUMPUR: Sime Darby and Public Bank extended their gains in early Tuesday trade as the FBM KLCI set its eye on the 1,860 resistance level, underpinned by the firmer overnight close on Wall Street....
Crude steady; US inventories seen up again
April 21, 2015 10:09:00 am
TOKYO: US crude futures held steady on Tuesday as a drop in stockpiles at a key U.S. delivery point offset near record high production in Saudi Arabia and an expected build in U.S. oil inventories....
Public Bank is a Buy at AllianceDBS Research
April 21, 2015 10:05:00 am
KUALA LUMPUR: AllianceDBS Research has a Buy recommendation on Public Bank and a target price of RM22.60 after adjusting for the rights issue....
AirAsia X agrees to compensate passengers after Australia scheduling snafu
April 21, 2015 09:56:00 am
SYDNEY: AirAsia X Bhd said on Tuesday it will compensate travellers inconvenienced by its decision to quit direct flights to the Australian city of Adelaide after authorities received a "significant number" of complaints....
Trading ideas: Sunsuria, Aeon Credit, Ecofirst
April 21, 2015 09:53:00 am
KUALA LUMPUR: JF Apex Research expects Sunsuria, Aeon Credit and Ecofirst to see trading interest on Tuesday after the fresh corporate news....
Foreign funds net sellers on Bursa at RM57m
April 21, 2015 09:45:00 am
KUALA LUMPUR: Foreign funds took profit on Bursa Malaysia on Monday and were net sellers at RM57.20mil, according to BIMB Securities Research....
Dollar rises as Greece anxieties sting the euro
April 21, 2015 09:09:00 am
NEW YORK: The dollar rose broadly on Monday, with the euro sliding more than half a percent against the U.S currency, on growing concern that Greece may default on debts....
Wall St rallies on China stimulus ahead of tech earnings
April 21, 2015 09:08:00 am
NEW YORK: Wall Street ended sharply higher on Monday after China moved to stimulate its slowing economy while investors bought up technology stocks on cautious optimism on upcoming earnings reports....
IBM sales fall for 12th quarter, currency weighs
April 21, 2015 09:05:00 am
NEW YORK: International Business Machines Corp reported a 12 percent fall in first-quarter revenue as the technology company continues to shed unprofitable businesses to focus on cloud-computing initiatives....
April 21, 2015 10:09:00 pm
KUALA LUMPUR: IJM Properties Sdn Bhd’s subsidiary Aura Hebat Sdn Bhd will acquire 32.76 acres within the IGB group’s existing The Light Waterfront development in Penang for RM402.8mil and develop it into an integrated waterfront mixed-use development...
April 21, 2015 08:42:00 pm
KUALA LUMPUR: Ceramic ware manufacturer Goh Ban Huat Bhd (GBH), whose net profit fell 95% to RM241,000 in the financial year ended Dec 31, 2014, declared a first interim dividend of 12 sen per RM1 share on Tuesday....
April 21, 2015 08:07:00 pm
SINGAPORE: Standard Chartered has a strong business case to move its headquarters from London to Singapore and save millions in taxes as, unlike HSBC , it doesn't have a banking network in the UK, Aberdeen Asset Management said....
April 21, 2015 07:28:00 pm
KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) has established an integration steering committee (ISC) on Monday in relation to the acquisition of Sabiha Gokcen International Airport (SGIA) in Istanbul, Turkey....
April 21, 2015 07:17:00 pm
KUALA LUMPUR: Permodalan Nasional Bhd (PNB) clarified the withdrawal or redemption of all its unit trust funds are not subjected to the Goods and Services Tax (GST). ...
April 21, 2015 06:53:00 pm
KUALA LUMPUR: CIMB Thai Bank Plc, a subsidiary of CIMB Bank Bhd, reported a 70% drop year-on-year (yoy) in consolidated net profit to 130.6 million baht (RM14.65mil) for the first quarter ended March 31, 2015....
April 21, 2015 06:49:00 pm
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) expects to complete its ambitious floating liquefied natural gas (FLNG) vessel by the first quarter next year....
April 21, 2015 06:42:00 pm
KUALA LUMPUR: Property developer, Matrix Concepts is acquiring a 5.8 acre land from IRDK Ventures Sdn Bhd for a residential development project in Puchong, Selangor for RM95mil....
April 21, 2015 06:26:00 pm
KUALA LUMPUR: Strong fund buying of Genting Bhd and Petronas Chemicals helped propel the FBM KLCI to close at 1,862 which was the highest since September 2014, but the gains still lagged the key regional bourses. ...
April 21, 2015 06:08:00 pm
KUALA LUMPUR: Singapore Telecommunications Ltd (Singtel) is seeking a delisting from the Australian Securities Exchange (ASX) where its securities are listed in the form of Chess Depositary Interests (CDIs)....
April 21, 2015 06:03:00 pm
ARM Holdings, the British chip designer favoured by Apple, beat expectations for first-quarter profit thanks to demand for the iPhone 6, and said its royalties would grow as its latest technology is used in more smartphones....
April 21, 2015 05:24:00 pm
KUALA LUMPUR: The government is allocating more than RM15bil in the 11th Malaysia Plan (11MP) as part of a game-changing move to introduce green technology initiatives into the economy. ...
April 21, 2015 05:19:00 pm
KUALA LUMPUR: The ASEAN Business Advisory Council (ABAC) Malaysia says its imperative for members of the regional grouping to show progress in making the ASEAN Economic Community (AEC) a reality....
April 21, 2015 05:13:00 pm
BANGKOK: Thailand’s economy likely contracted in the first quarter from the previous three months but looks set to return to growth in April-June, a central bank official said on Tuesday. - Reuters...
April 21, 2015 05:09:00 pm
JAKARTA: Indonesia will not re-introduce government subsidies for gasoline even if prices bounce back to previous highs, the energy minister said on Tuesday. - Reuters...
April 21, 2015 04:57:00 pm
BEIJING: China officially launched another three free trade zones (FTZs) on Tuesday after the establishment of the country's first FTZ, the Shanghai FTZ, in September 2013....
April 21, 2015 04:49:00 pm
US chip maker Qualcomm Inc plans to have its next-generation Snapdragon 820 mobile processors manufactured by Samsung Electronics Co Ltd, tech news website Re/code reported, citing unnamed sources....
April 21, 2015 04:26:00 pm
KUALA LUMPUR: Bumi Armada Bhd’s share price rose to a high of RM1.28 on Tuesday, which was near the late November high of RM1.36 before it skidded in line with the collapse in crude oil prices....
April 21, 2015 04:12:00 pm
KUALA LUMPUR: OCBC Bank (Malaysia) Bhd, the exclusive distributor of the newly-launched series of funds managed by RHB Asset Management Sdn Bhd, is upbeat on the RHB-OSK Eurozone Index Beta Fund's long-term performance....
April 21, 2015 03:59:00 pm
KUALA LUMPUR: Integrated chemicals producer, Petronas Chemicals Group Bhd (PCG) is currently pushing for a higher average plant utilisation rate of between 80 to 85 per cent in a bid to drive sales volume....
April 21, 2015 03:46:00 pm
KUALA LUMPUR: The construction of the Mass Rapid Transit (MRT) project has reached 61.9%, said MRT Corp Sdn Bhd chief executive officer, Datuk Seri Shahril Mokhtar....
April 21, 2015 12:15:00 pm
KUALA LUMPUR: RAM Ratings views RHB Capital Berhad’s recently announced proposed corporate restructuring as a proactive move in light of the impending changes in Bank Negara Malaysia’s (BNM) regulations. ...
April 21, 2015 12:13:00 pm
KUALA LUMPUR: Hovid Bhd’s share price was given a boost and rose to a high of 56.5 sen on Tuesday after Kumpulan Wang Persaraan (Diperbadankan) (KWAP) emerged as a substantial shareholder...
April 21, 2015 10:48:00 am
KUALA LUMPUR: Kenanga Investment Research has maintained its Market Perform on Top Glove with a target price of RM5.80 based on an unchanged 17 times FY16 EPS....
April 21, 2015 10:32:00 am
KUALA LUMPUR: Sime Darby and Public Bank extended their gains in early Tuesday trade as the FBM KLCI set its eye on the 1,860 resistance level, underpinned by the firmer overnight close on Wall Street....
April 21, 2015 10:09:00 am
TOKYO: US crude futures held steady on Tuesday as a drop in stockpiles at a key U.S. delivery point offset near record high production in Saudi Arabia and an expected build in U.S. oil inventories....
April 21, 2015 10:05:00 am
KUALA LUMPUR: AllianceDBS Research has a Buy recommendation on Public Bank and a target price of RM22.60 after adjusting for the rights issue....
April 21, 2015 09:56:00 am
SYDNEY: AirAsia X Bhd said on Tuesday it will compensate travellers inconvenienced by its decision to quit direct flights to the Australian city of Adelaide after authorities received a "significant number" of complaints....
April 21, 2015 09:53:00 am
KUALA LUMPUR: JF Apex Research expects Sunsuria, Aeon Credit and Ecofirst to see trading interest on Tuesday after the fresh corporate news....
April 21, 2015 09:45:00 am
KUALA LUMPUR: Foreign funds took profit on Bursa Malaysia on Monday and were net sellers at RM57.20mil, according to BIMB Securities Research....
April 21, 2015 09:09:00 am
NEW YORK: The dollar rose broadly on Monday, with the euro sliding more than half a percent against the U.S currency, on growing concern that Greece may default on debts....
April 21, 2015 09:08:00 am
NEW YORK: Wall Street ended sharply higher on Monday after China moved to stimulate its slowing economy while investors bought up technology stocks on cautious optimism on upcoming earnings reports....
April 21, 2015 09:05:00 am
NEW YORK: International Business Machines Corp reported a 12 percent fall in first-quarter revenue as the technology company continues to shed unprofitable businesses to focus on cloud-computing initiatives....
