Business

Top pic. Quality: Getting quality up to mark is important for Proton given the three new models it will launch next year.Left pic.Harith: ‘We have to do everything within our ability to be successful.

Proton’s fight for survival

National car company at its lowest ebb, looks to Suzuki for change in fortune

Cheah: ‘You cannot invest in China like you’re investing in the West. The policies are different here. I’m talking about it as someone who’s close to China.’

Still bullish on China

CHAIRMAN of Value Partners Group Ltd Datuk Cheah Cheng Hye saw the 20% correction in Chinese stocks coming. That’s before the Shanghai Stock Exchange Composite Index (SSE) peaked in mid-June, after surging 150% in a year.

Flying higher: Since 2013, SAM Engineering had transited from being a semiconductor-dominant business to one that now derives close to 70 of its revenues from the aerospace industry. It produces components for plane manufacturers such as Boing and Airbus.

Play it again, SAM

THE growth in dividends being paid out by Sam Engineering & Equipment (M) Bhd (SAM Engineering), one of the few component manufacturers for the airline industry, has attracted increasing interest by investors locally and abroad.

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China curbs IPOs, enlists brokers in all-out bid to end market rout

BEIJING/SHANGHAI: Beijing intensified efforts at the weekend to pull China's stock markets out of a nose-dive that is threatening the world's second-largest economy, with top brokerages pledging to buy massive amounts of shares and a report that the government has set up a market stabilisation fund.

5 July 2015 | 4:05PM |

Markets

Greece votes in referendum with future in euro in doubt

ATHENS: Greece voted on Sunday on whether to accept more austerity in exchange for international aid, in a high-stakes referendum likely to determine whether it leaves the euro-currency area after seven years of economic pain.

5 July 2015 | 4:06PM |

Banking

Prices remain: Even when the conditions are weak – as in the current market – the residential market is stable because of the large pool of owners, says Fernandez.

Weak market seen for the rest of the year

THE property market is expected to continue to be weak for the next six months, with some activities expected after the Hari Raya period, according to a real estate personnel.

4 July 2015 | 12:00AM |

property

Qualities of a successful CEO

A TINGE of sadness came over me after watching BBC news on the Greek meltdown in my Singapore hotel room. Sad to watch the old folks lining up just to withdraw a maximum of 60 euros from ATM machines for their daily sustenance and not knowing whether their next pension cheque will be paid.

4 July 2015 | 12:00AM |

tan thiam hock

TUN MAHATHIR _ PROTON

Doctor in the house

Proton Holdings Bhd chairman Tun Dr Mahathir Mohamad speaks candidly about the national automaker’s product quality and the direction ahead for the auto company.

4 July 2015 | 12:00AM |

Automotive

11 firms bid to build an icon in Bukit Jalil

PETALING JAYA: The Government wants to promote the National Sports Complex (NSC) in Bukit Jalil, Kuala Lumpur as a tourist destination not only during major sporting events. In this respect, it has been working with the private sector to build new infrastructure and put up an iconic feature at the NSC to attract more visitors.

6 July 2015 | 12:00AM |

Construction

Borneo Oil to invest more in Pahang

KUCHING: Borneo Oil Bhd, which is expected to commence gold mining activities soon in a second area in Pahang, plans to invest an additional RM40mil to step up its mining operations in the state. According to executive director Raymond Teo Kiew Leong, land clearing is underway and mining equipment is being mobilised to facilitate the mining of alluvial gold and tailings at Bukit Ibam, Rompin district, in the current quarter.

6 July 2015 | 12:00AM |

Commodities

Tsai: ‘Usually the fourth quarter is the time when orders for fasteners pick up.’

Chin Well aims to raise DIY fasteners output

GEORGE TOWN: Chin Well Holdings Bhd is ready to increase production of do-it-yourself (DIY) fasteners in Vietnam to spearhead the growth of the group’s business in 2016. Executive director Tsai Chia Ling told StarBiz that the group could raise its production in Vietnam to 4,000 tonnes monthly from 3,800 tonnes to meet rising orders from Europe.

6 July 2015 | 12:00AM |

chin well

TNB to pay RM47mil, not RM47bil

IN our story titled “TNB buys Jimah stake” on page 12 of StarBizWeek on Saturday, July 4, 2015, the amount Tenaga Nasional Bhd is proposing to pay 1Malaysia Development Bhd for its 70% stake in Jimah East Power Sdn Bhd (JEP) is RM46.98mil.

6 July 2015 | 12:00AM |

Stocks

PCB orders: A technician working in PCB production floor at GUH’s plant in Suzhou, China. For the second half 2015, the company has secured orders with an approximate value of RM30mil per month for its facilities in Malaysia and China.

GUH bids for RM1.6bil water jobs

GEORGE TOWN: GUH Holdings Bhd is tendering for about RM1.6bil worth of water and waste water treatment plant projects this year. Group managing director Datuk Kenneth H’ng told StarBiz the tenders were for about 10 projects located in the central and northern regions.

6 July 2015 | 12:00AM |

GUH

Alkhair Islamic Bank eyes acquisitions in S-E Asia

KUALA LUMPUR: Alkhair International Islamic Bank Bhd, which had previously eyed a stake in Bank Islam Bhd, is looking at potential acquisitions in South-East Asia to expand its banking footprint in the region.

6 July 2015 | 12:00AM |

Stocks

Greece votes in referendum with future in euro in doubt

ATHENS: Greece voted on Sunday on whether to accept more austerity in exchange for international aid, in a high-stakes referendum likely to determine whether it leaves the euro-currency area after seven years of economic pain.

5 July 2015 | 4:06PM |

Banking

China curbs IPOs, enlists brokers in all-out bid to end market rout

BEIJING/SHANGHAI: Beijing intensified efforts at the weekend to pull China's stock markets out of a nose-dive that is threatening the world's second-largest economy, with top brokerages pledging to buy massive amounts of shares and a report that the government has set up a market stabilisation fund.

5 July 2015 | 4:05PM |

Markets

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