Business

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.

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.

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A crowd of potential house buyers at a PR1MA property launch recently. HBA urges the Government to build the right number at the right location, for the right population, at the right price and with the right type.- Bernama

First-time house buyers to gain

Buyers Beware - By CHANG KIM LOONG
HBA is happy that more affordable homes are to be built under Budget 2015 and DIBS ban stays.

25 October 2014 | 12:00AM |

Property

10 stocks to watch in 2014

IT’S the start of the new year and investors get the chance to make their own choices on what stocks to buy.

4 January 2014 | 12:00AM |

Business

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

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

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

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

AirAsia shares at 3-month high

PETALING JAYA: AirAsia Bhd share price jumped 10 sen, or 4.2% to a three-month high of RM2.48 yesterday, as investors shrugged off analysts’ concerns about the group’s dismal financial performance and weaker earnings outlook.

28 February 2014 | 12:00AM |

Business

As China's economy growth slows from nearly three decades of breakneck expansion, other Asian economies – like South Korea, Singapore and Indonesia – are also expected to be affected in 2015, a Reuters poll of economists predicts - AFP Photo.

Asia economic growth to languish as China slows

BANGALORE: Emerging Asia will contribute less to the global economy in 2015 than was expected just months ago as a slowdown in China drags on growth in the region, partially offset by acceleration in the US, Reuters polls suggested.

24 October 2014 | 4:07PM |

Economy

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

Istanbul Sabiha Gokcen International Airport will be the largest contributor in terms of revenue from the overall international operations of MAHB.

MAHB sees 30% more contribution from ISG

SEPANG: Malaysia Airport Holdings Bhd (MAHB) expects an additional 30% contribution to its revenue from the Istanbul Sabiha Gokcen International Airport (ISG) acquisition, which is expected to be completed next year.

25 October 2014 | 12:00AM |

MAHB

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

Perak Corp may abort SCR

PETALING JAYA: Perak State Development Corp (PKNP) and parties acting in concert that are seeking to take Perak Corp private have requested the latter to withdraw the proposed selective capital reduction (SCR) and repayment exercise at RM3.90 per share, subject to the Securities Commission’s approval.

25 October 2014 | 12:00AM |

Perak Corp

Lim Eng Seong, Head of Retail Banking and Wealth Management, HSBC Bank Malaysia Berhad

Sound fundamental to help M’sia face rising rates

PETALING JAYA: Malaysia’s sound macro fundamentals, such as its current account surplus and low inflation, will help weather potential fallouts arising from increasing interest rates in the United States, according to HSBC Global Asset Management.

25 October 2014 | 12:00AM |

HSBC

Only World plans IPO

KUALA LUMPUR: Leisure and hospitality services provider Only World Group Holdings Bhd plans to raise RM50mil from its initial public offering (IPO), targeted by year-end.

25 October 2014 | 12:00AM |

Only World Group

PIAM names new CEO

KUALA LUMPUR: General Insurance Association of Malaysia (PIAM) has appointed Mark Lim Kian Wei its new chief executive officer.

25 October 2014 | 12:00AM |

PIAM

Battersea gets loans

HONG KONG: Four banks have joined the £1.35bil five-year financing backing the development of phases 2 and 3 of Battersea Power Station in London, sources said.

25 October 2014 | 12:00AM |

Property

Discounts for SSM fines

KUALA LUMPUR: Companies and directors issued with compound notices by the Companies Commission of Malaysia (SSM) will get 80% discounts from Nov 1 to Dec 31, 2014.

25 October 2014 | 12:00AM |

Companies Commission

China home prices down in September

BEIJING: Chinese home prices fell for a fifth straight month in September, wiping out gains scored in the past year and raising expectations the government will have to implement more economic support measures to cushion the blow.

25 October 2014 | 12:00AM |

China

SIA signals budget determination with Tiger takeover

SINGAPORE: Singapore Airlines Ltd (SIA) is injecting cash into money-losing Tiger Airways Ltd, signalling its resolve to persevere in the low-cost segment even after the budget affiliate bowed out of three regional markets.

25 October 2014 | 12:00AM |

Singapore

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