The Star Business News April 22, 2015 10:00:00 am
Icon Offshore CEO and COO remanded by MACC
April 22, 2015 08:24:00 pm
KUALA LUMPUR: Icon Offshore Bhd’s chief executive officer and chief operating officer have been remanded by the Malaysian Anti-Corruption Commission (MACC). ...
Iskandar Waterfront buys Pulai land for RM156m
April 22, 2015 08:01:00 pm
KUALA LUMPUR: Iskandar Waterfront City Bhd (IWC) is buying 67.5 acres of freehold land in Pulai, Johor for RM156mil which it plans to undertake mixed development....
Petronas Dagangan to supply lubricants to Port of Tg Pelepas
April 22, 2015 07:38:00 pm
KUALA LUMPUR: Petronas Dagangan Bhd’s (PDB) unit Lub Dagangan Sdn Bhd will supply lubricants worth RM51mil to Pelabuhan Tanjung Pelepas Sdn Bhd (PTP) following the signing of an eight-year contract with the latter....
MRCB sells 51% stake in Nu Sentral for RM119m
April 22, 2015 07:08:00 pm
KUALA LUMPUR: Malaysian Resources Corporation Bhd (MRCB) is selling its 51% stake in Nu Sentral Sdn Bhd to Pelbauran Hartanah Bhd for RM119.77mil. ...
Singapore Exchange Q3 profit rises 16%, powered by derivatives
April 22, 2015 07:05:00 pm
SINGAPORE: Singapore Exchange Ltd (SGX) met market estimates with a 16.4% increase in quarterly net profit as a 52% surge in derivatives revenue pushed the bourse operator’s profit to the highest in six quarters. - Reuters...
Y & R Kuala Lumpur among D&AD 2015 winners
April 22, 2015 06:50:00 pm
KUALA LUMPUR: Young & Rubicam (Y & R) Kuala Lumpur is among the first batch of 2015 D&AD Pencil winners announced on Tuesday....
Time for some profit taking on Bursa
April 22, 2015 06:47:00 pm
KUALA LUMPUR: The FBM KLCI closed lower on Wednesday as investors decided to lock in their recent gains but the losses were not exceptionally heavy, in tandem with the lacklustre South-east Asian markets. ...
Private retirement scheme's AUM to exceed RM1b by year-end
April 22, 2015 06:11:00 pm
KUALA LUMPUR: The assets under management (AUM) of the private retirement scheme (PRS), administered by the Private Pension Administrator Malaysia (PPA), is expected to surpass RM1 billion mark by year-end....
Fund's assets under management to exceed RM1b by year-end
April 22, 2015 06:11:00 pm
KUALA LUMPUR: The assets under management (AUM) of the private retirement scheme (PRS), administered by the Private Pension Administrator Malaysia (PPA), is expected to surpass RM1 billion mark by year-end....
Top rubber producers join forces, plan to boost prices
April 22, 2015 06:00:00 pm
SINGAPORE: Big Asian rubber producers, including world No. 1 Sri Trang Agro-Industry Plc, said they plan to hike prices sharply, ditching a system of pegging them near the benchmark set by the Singapore SICOM exchange. - Reuters...
China to open bank card clearing market to Visa, MasterCard
April 22, 2015 05:51:00 pm
BEIJING: China has announced it will open up its market for clearing domestic bank card transactions, a move that should allow foreign players such as Visa Inc and MasterCard Inc direct access to a market valued at US$6.84 trillion (RM24.7 trillion) ...
AmProp, partners secure residential in Japan
April 22, 2015 05:51:00 pm
KUALA LUMPUR: Amcorp Properties Bhd (AmProp) and its co-investors, Grosvenor Asia Pacific Ltd and Nan Fung of Hong Kong, have acquired residential property worth 2.06 billion yen (RM63.3 million) in the Roppongi district of Minato-ku, Tokyo....
MIER hopes Govt addresses pressing issues in 11MP
April 22, 2015 05:36:00 pm
KUALA LUMPUR: The Malaysian Institute of Economic Research (MIER) is hopeful the government will address pressing issues such as the need for strong institutions and good governance, suppressed wages, rising inequality, higher cost of living and ramp...
Pikom hails Govt's decision to cut fixed broadband rates
April 22, 2015 05:32:00 pm
KUALA LUMPUR: The National ICT Association of Malaysia (Pikom) lauds the governments decision to reduce fixed broadband rates as it will have a catalytic effect on e-commerce and spur the growth of the economy. ...
PIAM re-elects Chua as chairman
April 22, 2015 05:30:00 pm
KUALA LUMPUR: The General Insurance Association of Malaysia (PIAM) has re-elected Chua Seck Guan as chairman for the 2015/2016 management at its 37th annual general meeting....
Bank Islam issues first sukuk tranche totalling RM300mil
April 22, 2015 05:27:00 pm
KUALA LUMPUR: Bank Islam Malaysia Bhd has issued the first tranche amounting to RM300mil under its subordinated sukuk murabahah programme of up to RM1bil in nominal value....
Sime Darby launches Bumiputera vendor devt programme
April 22, 2015 05:17:00 pm
KUALA LUMPUR: Sime Darby Bhd has launched the Bumiputera vendor development programme to help specific Bumiputera companies develop their capabilities to become more competitive in the local and global markets. ...
Tesco boss warns trading profit could fall further
April 22, 2015 05:04:00 pm
LONDON: Tesco boss Dave Lewis said further investment to turn around the troubled British supermarket could see its 1.4 billion pound ($2 billion) trading profit fall further in the current year after already more than halving in 2014/15. ...
Four SJJB companies set for Bursa listing
April 22, 2015 04:42:00 pm
PUTRAJAYA: Four companies under the Skim Jejak Jaya Bumiputera (SJJB) managed by Unit Peneraju Agenda Bumiputera (TERAJU) and Ekuinas are set to be listed on Bursa Malaysia this year....
Maybank Islamic expects customers to switch to investment account
April 22, 2015 04:34:00 pm
KUALA LUMPUR: Maybank Islamic Bhd expects the bulk of its Mudarabah deposit account holders to reclassify their accounts to Mudarabah Investment Account (IA), in compliance with Bank Negara Malaysia's requirement....
KFC expects new products to boost sales by 30%
April 22, 2015 04:04:00 pm
KUALA LUMPUR: Fast food chain restaurant KFC Malaysia expects the newly launched products to its menu, Butter Garlic Crunch Chicken and Butter Garlic Burger, to boost its sales....
Ringgit slide more influenced by non-economic factors, says MIER
April 22, 2015 04:00:00 pm
KUALA LUMPUR: The ringgit's decline is more influenced by non-economic factors and an over-reliance on oil and gas revenue, as well as political issues, said the Malaysian Institute of Economic Research (MIER)....
Manufacturing sector to remain key driver of M'sian economy
April 22, 2015 03:28:00 pm
GEORGETOWN: The manufacturing sector will remain the key driver of the Malaysian economy with exports of electrical and electronics (E and E) products expected to increase five per cent this year....
Semicon equipment makers see orders pick up
April 22, 2015 03:00:00 pm
KUALA LUMPUR: North America-based manufacturers of semiconductor equipment recorded higher orders in March 2015 from a year ago as momentum in the multi-billion US dollar industry picked up....
CIMB Niaga posts higher operating income of Rp3.4tril
April 22, 2015 02:45:00 pm
KUALA LUMPUR: CIMB Niaga has posted an operating income of Rp3.4tril, representing a 0.7% on-year growth with a net profit of Rp83bil for its first quarter ended Mar 31, 2015....
Bursa Malaysia Q1 earnings up 4.2% to RM47m (Update)
April 22, 2015 02:27:00 pm
KUALA LUMPUR: Bursa Malaysia Bhd’s earnings rose 4.2% to RM47.05mil in the first quarter ended March 31, 2015 from RM45.15mil a year ago, boosted by its derivatives market. ...
EU Google probe encourages investors in Russia competitor Yandex
April 22, 2015 02:16:00 pm
The European Union's antitrust probe into Google sparked a big rally in Russian search engine Yandex NV last week, even though the "Russian Google" still faces significant challenges, competitive and otherwise....
MNRB gets BNM nod for general, family retakaful biz
April 22, 2015 02:15:00 pm
KUALA LUMPUR: MNRB Holdings Bhd’s unit Malaysian Reinsurance Bhd has received Bank Negara Malaysia’s approval to conduct general and family retakaful business....
Google lobbying spending reached new high in early 2015
April 22, 2015 01:51:00 pm
Google Inc, already one of Washington's biggest spenders, set a company record for its lobbying activity in the first quarter of 2015 when it spent US$5.5mil (RM19.87mil), according to a government database....
Mild pullback on Bursa, but ringgit at highest since end-Feb
April 22, 2015 01:46:00 pm
KUALA LUMPUR: Blue chips staged a mild pullback at Wednesday’s midday break, with the FBM KLCI slipping below the 1,860 level, dragged down by losses in Genting and Sime Darby. ...
BlackBerry introduces security offering for IoT devices
April 22, 2015 01:35:00 pm
BlackBerry Ltd said it is launching a new certificate service that will help bring the security level it offers on smartphones to a slew of devices from cars to smart meters....
Nokia bets software revolution will help avoid past merger errors
April 22, 2015 01:23:00 pm
Nokia's acquisition of smaller rival Alcatel-Lucent may avoid the pitfalls that befell earlier telecom network equipment marriages, thanks to a revolution over the past decade in how products are launched and developed....
Wipro promotes Premji heir apparent to board
April 22, 2015 01:12:00 pm
Wipro Ltd, India's third-biggest software services exporter, has appointed the son of billionaire founder Azim Premji to its board, in a long awaited promotion that moves the chairman's heir apparent closer to the top spot....
MARC affirms rating on IJM, revises outlook from stable to negative
April 22, 2015 12:36:00 pm
KUALA LUMPUR: Malaysian Rating Corp (MARC) affirms AA- rating on IJM Corporation Bhd’s RM1b debt notes but revised its outlook to negative from stable on challenging core businesses....
Ringgit opens higher against the dollar
April 22, 2015 11:11:00 am
KUALA LUMPUR: The ringgit strengthened against the US dollar today on renewed buying interest for the local unit....
Moody's assigns definitive A3 rating to Malaysia's international sukuk
April 22, 2015 10:59:00 am
JAKARTA: Moody's Investors Service today assigned a definitive A3 senior unsecured rating to the US dollar trust certificates (sukuk) issued by Malaysia Sovereign Sukuk Bhd, a special purpose vehicle established by the Malaysian government....
Profit taking sets in as KLCI slips below 1,860
April 22, 2015 10:48:00 am
KUALA LUMPUR: Mild profit taking set in early Wednesday and sent the FBM KLCI below the 1,860 due to the weak overnight close on Wall Street....
Kenanga maintains Outperform call on Eco World
April 22, 2015 10:47:00 am
KUALA LUMPUR: Kenanga Investment Research has kept its Outperform call on Eco World Bhd with a target price of RM2.05, it said in a note on Wednesday....
Trading ideas: ManagePay, Yee Lee, Matrix Concepts, GBH
April 22, 2015 10:00:00 am
KUALA LUMPUR: JF Apex Research expects ManagePay Systems, Yee Lee and Matrix Concepts to attract trading interest on Wednesday. Also in focus could be Goh Ban Huat after announcing a special dividend of 12 sen per share. ...
Foreign funds net buyers at RM187m
April 22, 2015 09:52:00 am
KUALA LUMPUR: Foreign funds were net buyers on Tuesday with net buying hitting RM187.6mil as the FBM KLCI advanced to 1,862 – the highest since September 2014....
Moody’s assigns A3 to Malaysia Sovereign Sukuk’s debt notes
April 22, 2015 09:13:00 am
KUALA LUMPUR: Moody's Investors Service has today assigned definitive A3 senior unsecured ratings to the US dollar trust certificates issued by Malaysia Sovereign Sukuk Bhd, a special purpose vehicle established by the government....
UK speed trader arrested over role in 2010 US flash crash
April 22, 2015 09:00:00 am
WASHINGTON: A high-frequency trader was arrested in London over his alleged role in the May 2010 "flash crash" that briefly wiped out nearly $1 trillion in market value, the first time authorities have blamed manipulation for the turbulenc...
Yahoo's profit, revenue miss Street forecasts as costs rise
April 22, 2015 08:57:00 am
NEW YORK: Yahoo Inc missed Wall Street's revenue and profit forecasts as slight growth in its online advertising businesses was outweighed by higher payments to partners and websites which send readers to Yahoo....
EU mounts fresh bid to end US reinsurance collateral rule
April 22, 2015 08:55:00 am
LONDON: The European Union will mount a fresh bid to persuade the United States to free up the billions of euros in collateral it requires foreign reinsurers to set aside against policies....
Oil down as Saudis end Yemen bombing; traders eye crude build
April 22, 2015 08:54:00 am
NEW YORK: Oil prices fell on Tuesday after Saudi Arabia announced the end of its military campaign in Yemen, easing tensions in the Middle East, and traders expected another weekly build in U.S. crude stockpiles....
Earnings cloud drags down Dow
April 22, 2015 08:51:00 am
NEW YORK: U.S. stocks were a mixed bag on Tuesday, with the Dow ending lower after a handful of uninspiring earnings reports while the Nasdaq closed near a record high following a proposed biotech merger....
Many regret taking out their money early
April 22, 2015 01:00:00 am
PETALING JAYA: While some preferred to withdraw their Employees Provident Fund upon turning 55, or partially at 50 to make their own investments, others have regretted doing so....
Strong buying of Genting, PetChem boosts market
April 22, 2015 01:00:00 am
KUALA LUMPUR: Strong buying of Genting Bhd and Petronas Chemicals Group Bhd by institutions, along with persistent interest in lower liners helped propel the FBM KLCI to close at 1,862 points, the highest since September 2014....
April 22, 2015 08:24:00 pm
KUALA LUMPUR: Icon Offshore Bhd’s chief executive officer and chief operating officer have been remanded by the Malaysian Anti-Corruption Commission (MACC). ...
April 22, 2015 08:01:00 pm
KUALA LUMPUR: Iskandar Waterfront City Bhd (IWC) is buying 67.5 acres of freehold land in Pulai, Johor for RM156mil which it plans to undertake mixed development....
April 22, 2015 07:38:00 pm
KUALA LUMPUR: Petronas Dagangan Bhd’s (PDB) unit Lub Dagangan Sdn Bhd will supply lubricants worth RM51mil to Pelabuhan Tanjung Pelepas Sdn Bhd (PTP) following the signing of an eight-year contract with the latter....
April 22, 2015 07:08:00 pm
KUALA LUMPUR: Malaysian Resources Corporation Bhd (MRCB) is selling its 51% stake in Nu Sentral Sdn Bhd to Pelbauran Hartanah Bhd for RM119.77mil. ...
April 22, 2015 07:05:00 pm
SINGAPORE: Singapore Exchange Ltd (SGX) met market estimates with a 16.4% increase in quarterly net profit as a 52% surge in derivatives revenue pushed the bourse operator’s profit to the highest in six quarters. - Reuters...
April 22, 2015 06:50:00 pm
KUALA LUMPUR: Young & Rubicam (Y & R) Kuala Lumpur is among the first batch of 2015 D&AD Pencil winners announced on Tuesday....
April 22, 2015 06:47:00 pm
KUALA LUMPUR: The FBM KLCI closed lower on Wednesday as investors decided to lock in their recent gains but the losses were not exceptionally heavy, in tandem with the lacklustre South-east Asian markets. ...
April 22, 2015 06:11:00 pm
KUALA LUMPUR: The assets under management (AUM) of the private retirement scheme (PRS), administered by the Private Pension Administrator Malaysia (PPA), is expected to surpass RM1 billion mark by year-end....
April 22, 2015 06:11:00 pm
KUALA LUMPUR: The assets under management (AUM) of the private retirement scheme (PRS), administered by the Private Pension Administrator Malaysia (PPA), is expected to surpass RM1 billion mark by year-end....
April 22, 2015 06:00:00 pm
SINGAPORE: Big Asian rubber producers, including world No. 1 Sri Trang Agro-Industry Plc, said they plan to hike prices sharply, ditching a system of pegging them near the benchmark set by the Singapore SICOM exchange. - Reuters...
April 22, 2015 05:51:00 pm
BEIJING: China has announced it will open up its market for clearing domestic bank card transactions, a move that should allow foreign players such as Visa Inc and MasterCard Inc direct access to a market valued at US$6.84 trillion (RM24.7 trillion) ...
April 22, 2015 05:51:00 pm
KUALA LUMPUR: Amcorp Properties Bhd (AmProp) and its co-investors, Grosvenor Asia Pacific Ltd and Nan Fung of Hong Kong, have acquired residential property worth 2.06 billion yen (RM63.3 million) in the Roppongi district of Minato-ku, Tokyo....
April 22, 2015 05:36:00 pm
KUALA LUMPUR: The Malaysian Institute of Economic Research (MIER) is hopeful the government will address pressing issues such as the need for strong institutions and good governance, suppressed wages, rising inequality, higher cost of living and ramp...
April 22, 2015 05:32:00 pm
KUALA LUMPUR: The National ICT Association of Malaysia (Pikom) lauds the governments decision to reduce fixed broadband rates as it will have a catalytic effect on e-commerce and spur the growth of the economy. ...
April 22, 2015 05:30:00 pm
KUALA LUMPUR: The General Insurance Association of Malaysia (PIAM) has re-elected Chua Seck Guan as chairman for the 2015/2016 management at its 37th annual general meeting....
April 22, 2015 05:27:00 pm
KUALA LUMPUR: Bank Islam Malaysia Bhd has issued the first tranche amounting to RM300mil under its subordinated sukuk murabahah programme of up to RM1bil in nominal value....
April 22, 2015 05:17:00 pm
KUALA LUMPUR: Sime Darby Bhd has launched the Bumiputera vendor development programme to help specific Bumiputera companies develop their capabilities to become more competitive in the local and global markets. ...
April 22, 2015 05:04:00 pm
LONDON: Tesco boss Dave Lewis said further investment to turn around the troubled British supermarket could see its 1.4 billion pound ($2 billion) trading profit fall further in the current year after already more than halving in 2014/15. ...
April 22, 2015 04:42:00 pm
PUTRAJAYA: Four companies under the Skim Jejak Jaya Bumiputera (SJJB) managed by Unit Peneraju Agenda Bumiputera (TERAJU) and Ekuinas are set to be listed on Bursa Malaysia this year....
April 22, 2015 04:34:00 pm
KUALA LUMPUR: Maybank Islamic Bhd expects the bulk of its Mudarabah deposit account holders to reclassify their accounts to Mudarabah Investment Account (IA), in compliance with Bank Negara Malaysia's requirement....
April 22, 2015 04:04:00 pm
KUALA LUMPUR: Fast food chain restaurant KFC Malaysia expects the newly launched products to its menu, Butter Garlic Crunch Chicken and Butter Garlic Burger, to boost its sales....
April 22, 2015 04:00:00 pm
KUALA LUMPUR: The ringgit's decline is more influenced by non-economic factors and an over-reliance on oil and gas revenue, as well as political issues, said the Malaysian Institute of Economic Research (MIER)....
April 22, 2015 03:28:00 pm
GEORGETOWN: The manufacturing sector will remain the key driver of the Malaysian economy with exports of electrical and electronics (E and E) products expected to increase five per cent this year....
April 22, 2015 03:00:00 pm
KUALA LUMPUR: North America-based manufacturers of semiconductor equipment recorded higher orders in March 2015 from a year ago as momentum in the multi-billion US dollar industry picked up....
April 22, 2015 02:45:00 pm
KUALA LUMPUR: CIMB Niaga has posted an operating income of Rp3.4tril, representing a 0.7% on-year growth with a net profit of Rp83bil for its first quarter ended Mar 31, 2015....
April 22, 2015 02:27:00 pm
KUALA LUMPUR: Bursa Malaysia Bhd’s earnings rose 4.2% to RM47.05mil in the first quarter ended March 31, 2015 from RM45.15mil a year ago, boosted by its derivatives market. ...
April 22, 2015 02:16:00 pm
The European Union's antitrust probe into Google sparked a big rally in Russian search engine Yandex NV last week, even though the "Russian Google" still faces significant challenges, competitive and otherwise....
April 22, 2015 02:15:00 pm
KUALA LUMPUR: MNRB Holdings Bhd’s unit Malaysian Reinsurance Bhd has received Bank Negara Malaysia’s approval to conduct general and family retakaful business....
April 22, 2015 01:51:00 pm
Google Inc, already one of Washington's biggest spenders, set a company record for its lobbying activity in the first quarter of 2015 when it spent US$5.5mil (RM19.87mil), according to a government database....
April 22, 2015 01:46:00 pm
KUALA LUMPUR: Blue chips staged a mild pullback at Wednesday’s midday break, with the FBM KLCI slipping below the 1,860 level, dragged down by losses in Genting and Sime Darby. ...
April 22, 2015 01:35:00 pm
BlackBerry Ltd said it is launching a new certificate service that will help bring the security level it offers on smartphones to a slew of devices from cars to smart meters....
April 22, 2015 01:23:00 pm
Nokia's acquisition of smaller rival Alcatel-Lucent may avoid the pitfalls that befell earlier telecom network equipment marriages, thanks to a revolution over the past decade in how products are launched and developed....
April 22, 2015 01:12:00 pm
Wipro Ltd, India's third-biggest software services exporter, has appointed the son of billionaire founder Azim Premji to its board, in a long awaited promotion that moves the chairman's heir apparent closer to the top spot....
April 22, 2015 12:36:00 pm
KUALA LUMPUR: Malaysian Rating Corp (MARC) affirms AA- rating on IJM Corporation Bhd’s RM1b debt notes but revised its outlook to negative from stable on challenging core businesses....
April 22, 2015 11:11:00 am
KUALA LUMPUR: The ringgit strengthened against the US dollar today on renewed buying interest for the local unit....
April 22, 2015 10:59:00 am
JAKARTA: Moody's Investors Service today assigned a definitive A3 senior unsecured rating to the US dollar trust certificates (sukuk) issued by Malaysia Sovereign Sukuk Bhd, a special purpose vehicle established by the Malaysian government....
April 22, 2015 10:48:00 am
KUALA LUMPUR: Mild profit taking set in early Wednesday and sent the FBM KLCI below the 1,860 due to the weak overnight close on Wall Street....
April 22, 2015 10:47:00 am
KUALA LUMPUR: Kenanga Investment Research has kept its Outperform call on Eco World Bhd with a target price of RM2.05, it said in a note on Wednesday....
April 22, 2015 10:00:00 am
KUALA LUMPUR: JF Apex Research expects ManagePay Systems, Yee Lee and Matrix Concepts to attract trading interest on Wednesday. Also in focus could be Goh Ban Huat after announcing a special dividend of 12 sen per share. ...
April 22, 2015 09:52:00 am
KUALA LUMPUR: Foreign funds were net buyers on Tuesday with net buying hitting RM187.6mil as the FBM KLCI advanced to 1,862 – the highest since September 2014....
April 22, 2015 09:13:00 am
KUALA LUMPUR: Moody's Investors Service has today assigned definitive A3 senior unsecured ratings to the US dollar trust certificates issued by Malaysia Sovereign Sukuk Bhd, a special purpose vehicle established by the government....
April 22, 2015 09:00:00 am
WASHINGTON: A high-frequency trader was arrested in London over his alleged role in the May 2010 "flash crash" that briefly wiped out nearly $1 trillion in market value, the first time authorities have blamed manipulation for the turbulenc...
April 22, 2015 08:57:00 am
NEW YORK: Yahoo Inc missed Wall Street's revenue and profit forecasts as slight growth in its online advertising businesses was outweighed by higher payments to partners and websites which send readers to Yahoo....
April 22, 2015 08:55:00 am
LONDON: The European Union will mount a fresh bid to persuade the United States to free up the billions of euros in collateral it requires foreign reinsurers to set aside against policies....
April 22, 2015 08:54:00 am
NEW YORK: Oil prices fell on Tuesday after Saudi Arabia announced the end of its military campaign in Yemen, easing tensions in the Middle East, and traders expected another weekly build in U.S. crude stockpiles....
April 22, 2015 08:51:00 am
NEW YORK: U.S. stocks were a mixed bag on Tuesday, with the Dow ending lower after a handful of uninspiring earnings reports while the Nasdaq closed near a record high following a proposed biotech merger....
April 22, 2015 01:00:00 am
PETALING JAYA: While some preferred to withdraw their Employees Provident Fund upon turning 55, or partially at 50 to make their own investments, others have regretted doing so....
April 22, 2015 01:00:00 am
KUALA LUMPUR: Strong buying of Genting Bhd and Petronas Chemicals Group Bhd by institutions, along with persistent interest in lower liners helped propel the FBM KLCI to close at 1,862 points, the highest since September 2014....
