Business

Short-term setback: Industry players expect crude palm oil (CPO) prices to pick up soon as there is healthy demand for the vegetable oil.

Pick-up in CPO prices expected in 2015

At The Star Roundtable on Palm Oil 2014 held at Menara Star in Petaling Jaya recently, The Star specialist editor M. Shanmugam and deputy news editor Hanim Adnan led the discussion joined by IOI Corp Bhd CEO Datuk Lee Yeow Chor, Malaysian Palm Oil Council CEO Tan Sri Dr Yusof Basiron, Genting Plantations Bhd president and chief operating officer Yong Chee Kong, IJM Plantations Bhd chief executive officer and managing director Joseph Tek, and Sarawak Oil Palm Plantation Owners Association chairman Paul Wong.

Tan Sri Ong Leong Huat

OSK-PJD merger will result in a developer worth over RM3bil

IN a move to join the big boys in the property sector, Tan Sri Ong Leong Huat has embarked on a plan to merge OSK Property Holdings Bhd (OSK Prop), PJ Development Holdings Bhd (PJD) and OSK Holdings Bhd.

Deposit growth slows, suggesting strong inflationary pressures

The slowing deposit growth in the country to an almost three-year low is reflective of the environment of rising costs that has been building up.

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Sime Darby Property opposes Perak Corp privatisation

KUALA LUMPUR: Sime Darby Property Bhd (SDPB) has opposed Perbadanan Kemajuan Negeri Perak’s (PKNP) move to privatise Perak Corporation Bhd, which involves a proposed selective capital reduction (SCR) and repayment exercise totalling RM183mil or RM3.90 per share.

24 October 2014 | 7:00PM |

Corporate News

Public Bank earnings up 13.8%

KUALA LUMPUR: Public Bank Bhd’s net profit jumped 13.8% to RM1.19bil for the third quarter ended Sept 30 from RM1.04bil achieved a year ago while revenue rose 117.7% to RM4.32bil against RM3.87bil previously.

24 October 2014 | 12:00AM |

Banking

Jho Low @ Jow Taek Jho, 32, the grandson of a mining and liquor entrepreneur, is said to be the architect of the bid to buy Reebook from Adidas.

Jho Low’s Jynwel Capital focuses on high-value investments

KUALA LUMPUR: Jynwel Capital, in the news of late over its chief executive officer Jho Low’s role in the joint bid to buy Reebok from Adidas for about €1.7bil (US$2.5bil), believes in cultivating lifelong partnerships with significant investors and focuses on high-value investments.

23 October 2014 | 2:58PM |

Corporate News

Analysts believe mega bank merger could get enough votes

PETALING JAYA: Even with Bursa Malaysia barring the Employees Provident Fund (EPF) from voting for the mega banking merger involving CIMB Holdings Group Bhd, RHB Capital Bhd and Malaysian Building Society Bhd (MBSB), analysts opine there is still a possibility of securing the required threshold level of 50% plus 1 share to approve the deal, .

24 October 2014 | 12:00AM |

Banking

Planting in Sabah and Sarawak

WHAT are the challenges that Sarawak planters face in terms of peat soil and Native Customary Rights (NCR) land status?

25 October 2014 | 12:00AM |

Palm Oil

GST impact on palm oil

TRADITIONALLY, crude palm oil (CPO) has been subject to taxes. Come April 1, 2015, we will have the 6% goods and services tax (GST). What are your thoughts on this?

25 October 2014 | 12:00AM |

Palm Oil

Singled out: Oil palm cultivation uses a mere 0.3% of the world's five billion ha of agriculture land, yet the crop has been unfairly targeted by NGOs as a cause of deforestation and global warming.

Low usage of land

ON SUSTAINABILITY, there is an on-going battle whereby the NGOs are scrutinising oil palm producers on their land use for palm oil cultivation. What are the challenges expected for 2015?

25 October 2014 | 12:00AM |

Palm Oil

FGV shies away from NBPOL

FELDA Global Venture Holdings Bhd (FGV), which was reportedly looking to outbid Sime Darby Bhd for a takeover of New Britain Palm Oil Ltd (NBPOL) is now becoming increasingly lukewarm to that idea, sources say.

25 October 2014 | 12:00AM |

Palm Oil

Unitar International University, which is part of Ekuinas' education arm, the Ilmu group. Ekuinas is preparing Ilmu for a Bursa listing in 2016.

Ekuinas: New allocation justified

EKUITI Nasional Bhd (Ekuinas) stands out as the only private equity fund to be given a handsome allocation in Budget 2015. The RM600mil allocation adds to the RM2.4bil that has to date been allocated to it.

25 October 2014 | 12:00AM |

ekuinas

Qantas aircraft on the tarmac at Sydney's International Airport. The carrier's passenger loads and profitability were up both domestically and internationally in the first three months of its current financial year. - AFP

Qantas makes turnaround

SYDNEY: Qantas Airways Ltd said it had returned to underlying profitability in the first three months of the financial year, as it benefited from its strategy of containing seating availability to drive up fares.

25 October 2014 | 12:00AM |

Airlines

Kulim’s transformation

WITH its declaration that it is earmarking RM1bil for dividend payments and a further RM850mil for acquiring new businesses, clearly a transformation is taking place at plantation company Kulim (M) Bhd.

25 October 2014 | 12:00AM |

kulim

Sime Darby Property opposes Perak Corp privatisation

KUALA LUMPUR: Sime Darby Property Bhd (SDPB) has opposed Perbadanan Kemajuan Negeri Perak’s (PKNP) move to privatise Perak Corporation Bhd, which involves a proposed selective capital reduction (SCR) and repayment exercise totalling RM183mil or RM3.90 per share.

24 October 2014 | 7:00PM |

Corporate News

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