Business

Economists: Policymakers need to be committed in view of falling oil prices

PETALING JAYA: Malaysia’s commitment to reforms aimed at reducing the Federal Government’s fiscal deficit is on the radar of investors.

SEB headquarters in Kuching, Sarawak. It will have to build a 40km power transmission line to link Miri and Brunei to facilitate the export of electricity.

SEB-Brunei power deal

KUCHING: Sarawak Energy Bhd (SEB) and Brunei authorities are expected to begin detailed negotiations on the planned exports of renewable energy to the sultanate and a proposal that Brunei comes up with capital investment to jointly develop hydroelectric dam projects in northern Sarawak.

Badlisham: ‘KLIA Aeropolis will be a key economic generator by creating jobs and business and investment opportunities.’

KLIA Aeropolis set to put Malaysia on aviation map

KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) envisages the KL International Airport Aeropolis (KLIA Aeropolis) to position Malaysia as a hub for aviation, aerospace and logistics while also being an engine for tourism growth.

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March Brent crude fell 37 cents to US$48.42 a barrel by 0226 GMT, wiping out light gains made on Friday after the election in Greece saw the opposition party Syriza sweeping to power, adding uncertainty to the market - AFP Photo.

Oil falls after Greek election sends euro tumbling

SINGAPORE: Oil slid in early Asian trade on Monday, with US crude falling close to a six-year low, after Greece's election results heightened uncertainty in the euro zone and depressed the bloc's currency against the dollar.

26 January 2015 | 11:17AM |

Commodities

Better year ahead for glove makers: CIMB Research

KUALA LUMPUR: CIMB Equities Research sees 2015 to be a better year for Malaysian glove makers and increased its earnings forecasts to factor in the stronger US dollar versus the ringgit and potentially lower raw material prices.

26 January 2015 | 9:37AM |

Analyst Reports

Pensonic plans new business model

GEORGE TOWN: Pensonic Holdings Bhd plans to adopt a new business model to market its latest smart power bank device under the fonebud brand, which had received positive reviews and response from the recent Consumer Electronic Show (CES) held in Las Vegas this month.

26 January 2015 | 12:00AM |

Corporate News

Foreign holdings in local banks likely to drop further

PETALING JAYA: Foreign shareholdings of some Malaysian banks could slip further, impacting valuations amid the weaker ringgit spurred by the decline in crude oil prices and in anticipation of interest rate hikes in the United States, said analysts.

26 January 2015 | 12:00AM |

Banking

Asean to declare single market, says Mustapa

DAVOS: Asean will officially call itself a single market by year’s end, but “big things” like seamless travel within the 10-nation bloc would only come in 2020, Malaysia’s trade minister told AFP in an interview.

26 January 2015 | 12:00AM |

Foreign News

KLCI clings on to 1,800 level as banks drag

KUALA LUMPUR: Malaysia’s blue chips index, the FBM KLCI, clung on to the psychologically important 1,800 level in early Monday trade but the index could slip lower on selling of bank stocks after last week’s rally.

26 January 2015 | 9:52AM |

Markets

Cranes load containers onto a ship at the container wharf in Tokyo port on Dec 17, 2014. The 12.9% year-on-year rise in exports marked a fourth straight month of growth - AFP Photo.

Japan exports grow most in year

TOKYO: Japan's exports grew the most in a year in December, helped by a weak yen and pickup in overseas demand led by the United States, an encouraging sign for the recession-hit economy even as doubts persist about the strength of global consumption.

26 January 2015 | 10:16AM |

Foreign News

Two men fish near an oil refinery in Kawasaki, near Tokyo in this file photo. Japan’s trade deficit of US$109bil in 2014 was 11.4% wider than in 2013. However, falling oil prices may briefly return the trade balance to surplus in coming months - Reuters Photo.

Japan trade deficit swells to record in 2014

TOKYO: Japan’s trade deficit swelled to a record US$109bil in 2014, data showed Monday, mostly because of huge post-Fukushima energy bills, but analysts said a recent drop in oil prices would shrink the yawning gap.

26 January 2015 | 12:07PM |

Foreign News

March Brent crude fell 37 cents to US$48.42 a barrel by 0226 GMT, wiping out light gains made on Friday after the election in Greece saw the opposition party Syriza sweeping to power, adding uncertainty to the market - AFP Photo.

Oil falls after Greek election sends euro tumbling

SINGAPORE: Oil slid in early Asian trade on Monday, with US crude falling close to a six-year low, after Greece's election results heightened uncertainty in the euro zone and depressed the bloc's currency against the dollar.

26 January 2015 | 11:17AM |

Commodities

Cranes load containers onto a ship at the container wharf in Tokyo port on Dec 17, 2014. The 12.9% year-on-year rise in exports marked a fourth straight month of growth - AFP Photo.

Japan exports grow most in year

TOKYO: Japan's exports grew the most in a year in December, helped by a weak yen and pickup in overseas demand led by the United States, an encouraging sign for the recession-hit economy even as doubts persist about the strength of global consumption.

26 January 2015 | 10:16AM |

Foreign News

KLCI clings on to 1,800 level as banks drag

KUALA LUMPUR: Malaysia’s blue chips index, the FBM KLCI, clung on to the psychologically important 1,800 level in early Monday trade but the index could slip lower on selling of bank stocks after last week’s rally.

26 January 2015 | 9:52AM |

Markets

Better year ahead for glove makers: CIMB Research

KUALA LUMPUR: CIMB Equities Research sees 2015 to be a better year for Malaysian glove makers and increased its earnings forecasts to factor in the stronger US dollar versus the ringgit and potentially lower raw material prices.

26 January 2015 | 9:37AM |

Analyst Reports

Pensonic plans new business model

GEORGE TOWN: Pensonic Holdings Bhd plans to adopt a new business model to market its latest smart power bank device under the fonebud brand, which had received positive reviews and response from the recent Consumer Electronic Show (CES) held in Las Vegas this month.

26 January 2015 | 12:00AM |

Corporate News

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