The Star Business News
Deutsche Bank fined record US$2.5bil in rate rigging inquiry
April 23, 2015 10:59:00 pm
LONDON/NEW YORK: US and British regulators fined Deutsche Bank US$2.5bil (RM9.1bil) and its British subsidiary pleaded guilty to criminal wire fraud on Thursday as it became the eighth financial group to settle allegations of rigging interest rate be...
Procter & Gamble’s sales fall for fifth straight quarter
April 23, 2015 10:52:00 pm
NEW YORK: Procter & Gamble Co (P&G) sales fell for the fifth straight quarter as a stronger dollar took its toll, with currency fluctuations likely to hurt 2015 sales by 6%-7%. - Reuters...
Big profit jump for Mercedes dealer Cycle & Carriage Bintang
April 23, 2015 10:44:00 pm
KUALA LUMPUR: Cycle & Carriage Bintang Bhd was off to a good start in 2015, with net profit for the first quarter ended March 31 rising 271% year-on-year to RM6.64mil on revenue of RM263.12mil....
Kontena Nasional Bhd turnaround seen by mid-2016
April 23, 2015 10:14:00 pm
SIBU: NCB Holdings Bhd’s unit, Kontena Nasional Bhd (KNB), is expected to break even and turn around by middle of 2016, said group managing director Abi Sofian Abdul Hamid. - Bernama...
“Possible irregularities” found in Scanwolf Bhd’s projects
April 23, 2015 10:05:00 pm
KUALA LUMPUR: Scanwolf Bhd has appointed PKF Covenant to conduct an investigative review on the group following the discovery of possible irregularities in implementing several development projects. ...
GHL to acquire 3,000-4,000 merchants for CIMB Bank
April 23, 2015 09:51:00 pm
KUALA LUMPUR: GHL Systems Bhd, which has just signed a third-party acquisition (TPA) services agreement with CIMB Bank Bhd, aims to acquire 3,000 to 4,000 merchants on behalf of the bank in the first year....
Thumbs up for CLIQ’s Kazakhstan oil field acquisition
April 23, 2015 09:17:00 pm
KUALA LUMPUR: CLIQ Energy Bhd’s proposed acquisition of a 51% stake in a special purpose vehicle (SPV) in Kazakhstan for US$117.3mil (RM426.5mil) is “fair and reasonable”, according to the independent valuation expert appointed for the purchase....
Remand of top execs has no financial impact, says Icon Offshore
April 23, 2015 08:55:00 pm
KUALA LUMPUR: Oil and gas service provider Icon Offshore Bhd does not expect the remand of its chief executive officer (CEO) and chief operating officer to have any financial or operational impact to the group....
AirAsia leases another aircraft to India operation
April 23, 2015 08:46:00 pm
KUALA LUMPUR: AirAsia Bhd has leased another aircraft - an Airbus A320-200 - to its 49% owned joint-venture company AirAsia (India) Pte Ltd....
Online store merger prods luxury goods makers towards Internet
April 23, 2015 08:04:00 pm
The merger of the world's two biggest online fashion stores, Net-a-Porter (NAP) and Yoox, sends a warning to luxury brands to embrace the Internet with more vim after years of resistance....
No change to MAS staff downsizing plan, says Khazanah chief
April 23, 2015 08:03:00 pm
KUALA LUMPUR: Khazanah Nasional Bhd reiterated on Thursday that troubled subsidiary Malaysia Airlines (MAS) would still maintain the estimated 6,000 job cuts at this juncture....
Megat Najmuddin sells 5% stake in Omesti Bhd
April 23, 2015 07:34:00 pm
KUALA LUMPUR: Omesti Bhd (formerly Formis Resources Bhd) chairman Tan Sri Megat Najmuddin Megat Khas has sold 20 million shares, representing 5.16% in the technology services company, to vice chairman Datuk Mah Siew Kwok for RM9mil....
CIMB, Petronas Chemicals and RHB Cap weigh on KLCI
April 23, 2015 07:07:00 pm
KUALA LUMPUR: CIMB, Petronas Chemicals and RHB Capital erased 3.7 points from the FBM KLCI at the close on Thursday’s trade as profit taking picked up pace but trading volume was relatively thin with less than two billion shares done. ...
SapuraKencana submits request to return to SC Shariah list
April 23, 2015 06:34:00 pm
KUALA LUMPUR: SapuraKencana Petroleum Bhd has submitted its application to the Securities Commission (SC) to be reinstated in the Shariah-compliant list....
Eco World plans to list SPAC in H2 of 2015
April 23, 2015 05:10:00 pm
KUALA LUMPUR: Eco World Development Group Bhd plans to list its special purpose acquisition company (SPAC) in the second half of this year....
Zeti questions Fitch's outlook on Malaysia
April 23, 2015 04:57:00 pm
KUALA LUMPUR: Bank Negara Malaysia Governor Tan Sri Dr Zeti Akhtar Aziz has questioned the basis of Fitch Ratings' possible downgrade on Malaysia given the country's strong fundamentals....
BDA related activity to be more than RM1b by 2020
April 23, 2015 04:53:00 pm
KUALA LUMPUR: The government expects big data analytics (BDA) related activities in Malaysia to reach more than RM1 billion by 2020 in line with the expansion of science, technology and innovation in the country. ...
Ireka expects stake in Aseana Properties realised this year
April 23, 2015 04:50:00 pm
KUALA LUMPUR: Ireka Corporation Bhd expects its 23% stake in London-listed Aseana Properties Ltd to be realised as early as this year....
Cost of Galaxy's battle against iPhone on the rise
April 23, 2015 04:50:00 pm
Samsung Electronics has pulled out all the stops on its new Galaxy smartphones, but their modest prices compared to the latest iPhones throw an uneasy spotlight on the long-term cost of fighting Apple's premium branding....
Govt to boost ownership rate to over 50%
April 23, 2015 04:25:00 pm
KUALA LUMPUR: The federal government is committed to building more affordable homes for the rakyat and to increase the current 50% ownership rate....
Beijing to introduce tax refund policy this year
April 23, 2015 04:14:00 pm
BEIJING: Beijing is expected to introduce a tax refund policy for foreign tourists this year to boost the capital's tourism industry....
Nestle allocates RM207m as capex
April 23, 2015 04:09:00 pm
KUALA LUMPUR: Nestle Malaysia Bhd plans to allocate some RM207mil as its capital expenditure (capex) for the year 2015, as opposed to RM362mil the previous year....
Current interest rate accomodative for banking sector, says Nazir
April 23, 2015 04:01:00 pm
KUALA LUMPUR: Malaysia's current interest rate at 3.25 per cent, which was raised by Bank Negara Malaysia in July 2014, is accommodative for the Malaysian banking sector....
Gadang gets shareholder nod to buy land in Semenyih
April 23, 2015 03:58:00 pm
KUALA LUMPUR: Investment holding company Gadang Holdings Bhd has obtained shareholders' approval for its proposal to buy 62.84 acres (25.43 ha.) of freehold land in Semenyih from Sementar Properties Sdn Bhd for RM95.8 million in cash....
Malaysia on track to achieve growth target, says Najib
April 23, 2015 03:40:00 pm
KUALA LUMPUR: Malaysia is on track to achieve its projected growth for this year as well as its other goal to attain high-income nation status by 2020, thanks to the stability of its institutions and diversification of its economic structure. ...
Indonesia offers tax incentives for exporters
April 23, 2015 03:28:00 pm
JAKARTA: Indonesia is offering tax breaks to firms which export at least 30 percent of their production in a bid to encourage shipments of manufactured goods now that the commodity boom is over....
BNM Governor’s speech on Facing Malaysia’s current economic challenges
April 23, 2015 02:40:00 pm
Speech by the Governor of Bank Negara Malaysia Tan Sri Dr Zeti Akhtar Aziz on “Facing Malaysia’s current economic challenges” at Invest Malaysia on April 23...
Logitech profit drops on slump in demand for computer accessories
April 23, 2015 02:34:00 pm
Swiss-American gadget maker Logitech International SA said its quarterly profit fell 33% as the demand for new music and videogame add-ons was not enough to offset falling demand for its computer accessories....
Prime Minister's speech at Invest Malaysia
April 23, 2015 02:13:00 pm
Speech by Prime Minister Datuk Seri Mohd Najib Tun Razak at Invest Malaysia on April 23, 2015...
Eco World aims for RM4b sales in 2016
April 23, 2015 01:51:00 pm
KUALA LUMPUR: Property developer, Eco World Development Group Bhd, aims to achieve RM4 billion in sales for its financial year ending Oct 31, 2016....
Nokia's maps unit draws further bidders: Manager Magazin
April 23, 2015 01:50:00 pm
Nokia's maps business has drawn interest from potential buyers including Facebook and a consortium of German carmakers made up of BMW, Audi and Daimler, a German magazine reported....
Inclusiveness and sustainability core to 11MP, says Najib
April 23, 2015 01:45:00 pm
KUALA LUMPUR: Inclusiveness and sustainability will be the core values of the 11th Malaysia Plan (11MP) to be tabled in Parliament next month, Prime Minister Datuk Seri Najib Tun Razak said....
New MAS will need less staff, say analysts
April 23, 2015 01:42:00 pm
KUALA LUMPUR: The new Malaysia Airlines (MAS) emerging from its ongoing Recovery Plan that entails a shrinking of international routes, will spur the trimming of its workforce, according to analysts....
EPF to offer Islamic investment option by 2017, says Najib
April 23, 2015 01:38:00 pm
KUALA LUMPUR: Malaysia's $160 billion state pension fund will offer an Islamic investment option to its members by 2017 which would create the world's largest sharia-compliant fund of its kind, Prime Minister Datuk Seri Najib Razak said on Th...
As Amazon parties on, some large fund managers take their leave
April 23, 2015 01:35:00 pm
For many years, investors have been very tolerant as Amazon.com has sacrificed profits for rapid growth in sales and as it built new businesses. That patience may finally be wearing thin....
Affin Hwang maintains Neutral on Auto sector
April 23, 2015 11:25:00 am
KUALA LUMPUR: Despite falling car prices, a significant increase in industry sales is not expected due to higher cost of living post-GST, heightened industry competition and weak consumer sentiment in the country....
Oil prices extend gains as Yemen bombing continues
April 23, 2015 11:24:00 am
SINGAPORE: Oil prices extended gains on Thursday as renewed fighting in Yemen brought focus back on potential supply disruptions in the Middle East....
AmResearch initiates coverage on Quill Capita Trust
April 23, 2015 11:19:00 am
KUALA LUMPUR: AmResearch has initiated coverage on Quill Capita Trust (QCT) with a Buy rating and a fair value of RM1.35 a unit....
AmResearch retains Buy on MRCB at RM2.30
April 23, 2015 10:50:00 am
KUALA LUMPUR: AmResearch reiterated its Buy call on Malaysian Resources Corp Bhd (MRCB) with an unchanged fair value of RM2.30 a share....
RHB Cap, Petronas Chemicals, Icon among top losers
April 23, 2015 10:36:00 am
KUALA LUMPUR: RHB Capital, Petronas Chemicals and Icon Offshore were among the top losers in early Thursday trade while the FBM KLCI was trading at the 1,850 level....
Nestle to sail through tough period, says CIMB Research
April 23, 2015 10:20:00 am
KUALA LUMPUR: CIMB Equities Research expects consumer spending to be weak in 2015 but Nestle Malaysia should be able to sail through the tough period, given its large market share and strong brand name....
Icon Offshore slides after top officials remanded by MACC
April 23, 2015 10:04:00 am
KUALA LUMPUR: Icon Offshore’s share price fell to a low of 61 sen in early Thursday trade after announcing its chief executive officer and chief operating officer were remanded by the Malaysian Anti-Corruption Commission (MACC). ...
Trading ideas: Icon Offshore, Coastal Contracts, MRCB, TMC Life
April 23, 2015 09:55:00 am
KUALA LUMPUR: JF Apex Research expects Icon Offshore, Coastal Contracts, MRCB and TMC Life to see trading action following the latest corporate developments....
KLCI to remain negative on extended profit taking
April 23, 2015 09:47:00 am
KUALA LUMPUR: BIMB Securities Research expects the local market to remain negative on Thursday with further profit taking activities and the 1,850 as immediate support level....
Crude edges up over $56 after 2 days of losses
April 23, 2015 09:33:00 am
TOKYO: U.S. crude futures inched up on Thursday to hold above $56 a barrel after two days of losses, as renewed fighting in Yemen countered worries over rising U.S. inventories due to ample supplies and robust shale production....
Petrobras net loss at US$7.2b, takes US$17b charge
April 23, 2015 09:30:00 am
RIO DE JANEIRO: Brazil's state-run oil company Petroleo Brasileiro SA, which has been dogged by a wide-spread corruption scandal, reported on Wednesday a 2014 net loss of 21.6 billion reais (US$7.2 billion) after taking 50.8 billion reais in cha...
As drillers hunker down, Wall St sees quicker oil price bounce
April 23, 2015 09:28:00 am
HOUSTON: There is a growing disconnect between Houston and Wall Street over when slumping oil prices will recover....
Facebook revenue growth slows, costs weigh on profit
April 23, 2015 09:26:00 am
NEW YORK: Facebook Inc posted its slowest growth in quarterly revenue in two years and higher spending on research and development ate into profits....
US stocks end stronger as investors look beyond mixed earnings
April 23, 2015 09:19:00 am
NEW YORK: U.S. stocks ended stronger on Wednesday as Visa's potential expansion into China and talk of a turnaround at McDonald's helped investors look beyond a mixed bag of quarterly earnings....
China-listed firms' earnings growth to hit 3-year low in 2015
April 23, 2015 09:18:00 am
SINGAPORE: Earnings growth at China-listed companies is likely to be the slowest in three years in 2015, in line with an economy the government expects to expand at the weakest rate in a quarter of a century....
Icon bosses remanded
April 23, 2015 01:00:00 am
KUALA LUMPUR: Two top executives of Icon Offshore Bhd, an oil and gas service provider, have been remanded to “facilitate and assist in investigations” by the Malaysian Anti-Corruption Commission (MACC)....
MRCB to sell 51% stake in Nu Sentral for RM120m
April 23, 2015 01:00:00 am
KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) intends to sell its entire 51% equity stake in Nu Sentral Sdn Bhd to Pelaburan Hartanah Bhd (PHB) for RM119.77mil....
Bursa Q1 profit higher
April 23, 2015 01:00:00 am
KUALA LUMPUR: Bursa Malaysia Bhd’s net profit rose 4.2% to RM47.05mil in the first quarter ended March 31, 2015 from RM45.15mil a year ago, buoyed by its derivatives market....
Mier sees 5% growth
April 23, 2015 01:00:00 am
KUALA LUMPUR: The Malaysian Institute of Economic Research (Mier) forecasts the economy to grow by 5% this year should the economic growth outlook overseas improve....
IJM’s debt notes rating reaffirmed
April 23, 2015 01:00:00 am
PETALING JAYA: Malaysian Rating Corp Bhd (MARC) has affirmed its AA- rating on IJM Corp Bhd’s RM1bil debt notes....
MNCs expected to drive E&E exports this year
April 23, 2015 01:00:00 am
GEORGE TOWN: The country’s electrical and electronics (E&E) exports are expected to grow by 5% this year, compared with 8% a year ago....
Maybank Islamic positive on new requirement
April 23, 2015 01:00:00 am
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’s requirement....
Neutral call on CIMB stays
April 23, 2015 01:00:00 am
THE year did not start out well for CIMB Group earnings-wise, with CIMB Thai recording a 70.4% year-on-year slump in its net profits for the first quarter ended March 30....
PRS assets under management to exceed RM1bil
April 23, 2015 01:00:00 am
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 RM1bil mark by year-end....
All eyes on capital market as IMKL begins
April 23, 2015 01:00:00 am
PETALING JAYA: The annual Invest Malaysia Kuala Lumpur (IMKL) conference begins today and key on everybody’s mind will be where the market goes from here and what further investing opportunities lie in the Malaysian market....
April 23, 2015 10:59:00 pm
LONDON/NEW YORK: US and British regulators fined Deutsche Bank US$2.5bil (RM9.1bil) and its British subsidiary pleaded guilty to criminal wire fraud on Thursday as it became the eighth financial group to settle allegations of rigging interest rate be...
April 23, 2015 10:52:00 pm
NEW YORK: Procter & Gamble Co (P&G) sales fell for the fifth straight quarter as a stronger dollar took its toll, with currency fluctuations likely to hurt 2015 sales by 6%-7%. - Reuters...
April 23, 2015 10:44:00 pm
KUALA LUMPUR: Cycle & Carriage Bintang Bhd was off to a good start in 2015, with net profit for the first quarter ended March 31 rising 271% year-on-year to RM6.64mil on revenue of RM263.12mil....
April 23, 2015 10:14:00 pm
SIBU: NCB Holdings Bhd’s unit, Kontena Nasional Bhd (KNB), is expected to break even and turn around by middle of 2016, said group managing director Abi Sofian Abdul Hamid. - Bernama...
April 23, 2015 10:05:00 pm
KUALA LUMPUR: Scanwolf Bhd has appointed PKF Covenant to conduct an investigative review on the group following the discovery of possible irregularities in implementing several development projects. ...
April 23, 2015 09:51:00 pm
KUALA LUMPUR: GHL Systems Bhd, which has just signed a third-party acquisition (TPA) services agreement with CIMB Bank Bhd, aims to acquire 3,000 to 4,000 merchants on behalf of the bank in the first year....
April 23, 2015 09:17:00 pm
KUALA LUMPUR: CLIQ Energy Bhd’s proposed acquisition of a 51% stake in a special purpose vehicle (SPV) in Kazakhstan for US$117.3mil (RM426.5mil) is “fair and reasonable”, according to the independent valuation expert appointed for the purchase....
April 23, 2015 08:55:00 pm
KUALA LUMPUR: Oil and gas service provider Icon Offshore Bhd does not expect the remand of its chief executive officer (CEO) and chief operating officer to have any financial or operational impact to the group....
April 23, 2015 08:46:00 pm
KUALA LUMPUR: AirAsia Bhd has leased another aircraft - an Airbus A320-200 - to its 49% owned joint-venture company AirAsia (India) Pte Ltd....
April 23, 2015 08:04:00 pm
The merger of the world's two biggest online fashion stores, Net-a-Porter (NAP) and Yoox, sends a warning to luxury brands to embrace the Internet with more vim after years of resistance....
April 23, 2015 08:03:00 pm
KUALA LUMPUR: Khazanah Nasional Bhd reiterated on Thursday that troubled subsidiary Malaysia Airlines (MAS) would still maintain the estimated 6,000 job cuts at this juncture....
April 23, 2015 07:34:00 pm
KUALA LUMPUR: Omesti Bhd (formerly Formis Resources Bhd) chairman Tan Sri Megat Najmuddin Megat Khas has sold 20 million shares, representing 5.16% in the technology services company, to vice chairman Datuk Mah Siew Kwok for RM9mil....
April 23, 2015 07:07:00 pm
KUALA LUMPUR: CIMB, Petronas Chemicals and RHB Capital erased 3.7 points from the FBM KLCI at the close on Thursday’s trade as profit taking picked up pace but trading volume was relatively thin with less than two billion shares done. ...
April 23, 2015 06:34:00 pm
KUALA LUMPUR: SapuraKencana Petroleum Bhd has submitted its application to the Securities Commission (SC) to be reinstated in the Shariah-compliant list....
April 23, 2015 05:10:00 pm
KUALA LUMPUR: Eco World Development Group Bhd plans to list its special purpose acquisition company (SPAC) in the second half of this year....
April 23, 2015 04:57:00 pm
KUALA LUMPUR: Bank Negara Malaysia Governor Tan Sri Dr Zeti Akhtar Aziz has questioned the basis of Fitch Ratings' possible downgrade on Malaysia given the country's strong fundamentals....
April 23, 2015 04:53:00 pm
KUALA LUMPUR: The government expects big data analytics (BDA) related activities in Malaysia to reach more than RM1 billion by 2020 in line with the expansion of science, technology and innovation in the country. ...
April 23, 2015 04:50:00 pm
KUALA LUMPUR: Ireka Corporation Bhd expects its 23% stake in London-listed Aseana Properties Ltd to be realised as early as this year....
April 23, 2015 04:50:00 pm
Samsung Electronics has pulled out all the stops on its new Galaxy smartphones, but their modest prices compared to the latest iPhones throw an uneasy spotlight on the long-term cost of fighting Apple's premium branding....
April 23, 2015 04:25:00 pm
KUALA LUMPUR: The federal government is committed to building more affordable homes for the rakyat and to increase the current 50% ownership rate....
April 23, 2015 04:14:00 pm
BEIJING: Beijing is expected to introduce a tax refund policy for foreign tourists this year to boost the capital's tourism industry....
April 23, 2015 04:09:00 pm
KUALA LUMPUR: Nestle Malaysia Bhd plans to allocate some RM207mil as its capital expenditure (capex) for the year 2015, as opposed to RM362mil the previous year....
April 23, 2015 04:01:00 pm
KUALA LUMPUR: Malaysia's current interest rate at 3.25 per cent, which was raised by Bank Negara Malaysia in July 2014, is accommodative for the Malaysian banking sector....
April 23, 2015 03:58:00 pm
KUALA LUMPUR: Investment holding company Gadang Holdings Bhd has obtained shareholders' approval for its proposal to buy 62.84 acres (25.43 ha.) of freehold land in Semenyih from Sementar Properties Sdn Bhd for RM95.8 million in cash....
April 23, 2015 03:40:00 pm
KUALA LUMPUR: Malaysia is on track to achieve its projected growth for this year as well as its other goal to attain high-income nation status by 2020, thanks to the stability of its institutions and diversification of its economic structure. ...
April 23, 2015 03:28:00 pm
JAKARTA: Indonesia is offering tax breaks to firms which export at least 30 percent of their production in a bid to encourage shipments of manufactured goods now that the commodity boom is over....
April 23, 2015 02:40:00 pm
Speech by the Governor of Bank Negara Malaysia Tan Sri Dr Zeti Akhtar Aziz on “Facing Malaysia’s current economic challenges” at Invest Malaysia on April 23...
April 23, 2015 02:34:00 pm
Swiss-American gadget maker Logitech International SA said its quarterly profit fell 33% as the demand for new music and videogame add-ons was not enough to offset falling demand for its computer accessories....
April 23, 2015 02:13:00 pm
Speech by Prime Minister Datuk Seri Mohd Najib Tun Razak at Invest Malaysia on April 23, 2015...
April 23, 2015 01:51:00 pm
KUALA LUMPUR: Property developer, Eco World Development Group Bhd, aims to achieve RM4 billion in sales for its financial year ending Oct 31, 2016....
April 23, 2015 01:50:00 pm
Nokia's maps business has drawn interest from potential buyers including Facebook and a consortium of German carmakers made up of BMW, Audi and Daimler, a German magazine reported....
April 23, 2015 01:45:00 pm
KUALA LUMPUR: Inclusiveness and sustainability will be the core values of the 11th Malaysia Plan (11MP) to be tabled in Parliament next month, Prime Minister Datuk Seri Najib Tun Razak said....
April 23, 2015 01:42:00 pm
KUALA LUMPUR: The new Malaysia Airlines (MAS) emerging from its ongoing Recovery Plan that entails a shrinking of international routes, will spur the trimming of its workforce, according to analysts....
April 23, 2015 01:38:00 pm
KUALA LUMPUR: Malaysia's $160 billion state pension fund will offer an Islamic investment option to its members by 2017 which would create the world's largest sharia-compliant fund of its kind, Prime Minister Datuk Seri Najib Razak said on Th...
April 23, 2015 01:35:00 pm
For many years, investors have been very tolerant as Amazon.com has sacrificed profits for rapid growth in sales and as it built new businesses. That patience may finally be wearing thin....
April 23, 2015 11:25:00 am
KUALA LUMPUR: Despite falling car prices, a significant increase in industry sales is not expected due to higher cost of living post-GST, heightened industry competition and weak consumer sentiment in the country....
April 23, 2015 11:24:00 am
SINGAPORE: Oil prices extended gains on Thursday as renewed fighting in Yemen brought focus back on potential supply disruptions in the Middle East....
April 23, 2015 11:19:00 am
KUALA LUMPUR: AmResearch has initiated coverage on Quill Capita Trust (QCT) with a Buy rating and a fair value of RM1.35 a unit....
April 23, 2015 10:50:00 am
KUALA LUMPUR: AmResearch reiterated its Buy call on Malaysian Resources Corp Bhd (MRCB) with an unchanged fair value of RM2.30 a share....
April 23, 2015 10:36:00 am
KUALA LUMPUR: RHB Capital, Petronas Chemicals and Icon Offshore were among the top losers in early Thursday trade while the FBM KLCI was trading at the 1,850 level....
April 23, 2015 10:20:00 am
KUALA LUMPUR: CIMB Equities Research expects consumer spending to be weak in 2015 but Nestle Malaysia should be able to sail through the tough period, given its large market share and strong brand name....
April 23, 2015 10:04:00 am
KUALA LUMPUR: Icon Offshore’s share price fell to a low of 61 sen in early Thursday trade after announcing its chief executive officer and chief operating officer were remanded by the Malaysian Anti-Corruption Commission (MACC). ...
April 23, 2015 09:55:00 am
KUALA LUMPUR: JF Apex Research expects Icon Offshore, Coastal Contracts, MRCB and TMC Life to see trading action following the latest corporate developments....
April 23, 2015 09:47:00 am
KUALA LUMPUR: BIMB Securities Research expects the local market to remain negative on Thursday with further profit taking activities and the 1,850 as immediate support level....
April 23, 2015 09:33:00 am
TOKYO: U.S. crude futures inched up on Thursday to hold above $56 a barrel after two days of losses, as renewed fighting in Yemen countered worries over rising U.S. inventories due to ample supplies and robust shale production....
April 23, 2015 09:30:00 am
RIO DE JANEIRO: Brazil's state-run oil company Petroleo Brasileiro SA, which has been dogged by a wide-spread corruption scandal, reported on Wednesday a 2014 net loss of 21.6 billion reais (US$7.2 billion) after taking 50.8 billion reais in cha...
April 23, 2015 09:28:00 am
HOUSTON: There is a growing disconnect between Houston and Wall Street over when slumping oil prices will recover....
April 23, 2015 09:26:00 am
NEW YORK: Facebook Inc posted its slowest growth in quarterly revenue in two years and higher spending on research and development ate into profits....
April 23, 2015 09:19:00 am
NEW YORK: U.S. stocks ended stronger on Wednesday as Visa's potential expansion into China and talk of a turnaround at McDonald's helped investors look beyond a mixed bag of quarterly earnings....
April 23, 2015 09:18:00 am
SINGAPORE: Earnings growth at China-listed companies is likely to be the slowest in three years in 2015, in line with an economy the government expects to expand at the weakest rate in a quarter of a century....
April 23, 2015 01:00:00 am
KUALA LUMPUR: Two top executives of Icon Offshore Bhd, an oil and gas service provider, have been remanded to “facilitate and assist in investigations” by the Malaysian Anti-Corruption Commission (MACC)....
April 23, 2015 01:00:00 am
KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) intends to sell its entire 51% equity stake in Nu Sentral Sdn Bhd to Pelaburan Hartanah Bhd (PHB) for RM119.77mil....
April 23, 2015 01:00:00 am
KUALA LUMPUR: Bursa Malaysia Bhd’s net profit rose 4.2% to RM47.05mil in the first quarter ended March 31, 2015 from RM45.15mil a year ago, buoyed by its derivatives market....
April 23, 2015 01:00:00 am
KUALA LUMPUR: The Malaysian Institute of Economic Research (Mier) forecasts the economy to grow by 5% this year should the economic growth outlook overseas improve....
April 23, 2015 01:00:00 am
PETALING JAYA: Malaysian Rating Corp Bhd (MARC) has affirmed its AA- rating on IJM Corp Bhd’s RM1bil debt notes....
April 23, 2015 01:00:00 am
GEORGE TOWN: The country’s electrical and electronics (E&E) exports are expected to grow by 5% this year, compared with 8% a year ago....
April 23, 2015 01:00:00 am
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’s requirement....
April 23, 2015 01:00:00 am
THE year did not start out well for CIMB Group earnings-wise, with CIMB Thai recording a 70.4% year-on-year slump in its net profits for the first quarter ended March 30....
April 23, 2015 01:00:00 am
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 RM1bil mark by year-end....
April 23, 2015 01:00:00 am
PETALING JAYA: The annual Invest Malaysia Kuala Lumpur (IMKL) conference begins today and key on everybody’s mind will be where the market goes from here and what further investing opportunities lie in the Malaysian market....
