Business

Bank Negara stemming the decline of the ringgit

PETALING JAYA: As the downward pressure on the ringgit mounts, Bank Negara has adopted gentle suasion methods to stem the decline.

Sabah and Sarawak likely to get more for telecommunications and broadcasting

EVEN before Datuk Seri Salleh Said Keruak can warm up his seat as the new Communications and Multimedia Minister, the buzz is that both Sabah and Sarawak are likely to get more in capital expenditure (capex) to improve the level of telecommunications and broadcasting services there.

Trade payment defaulters on the rise, stringent checks needed

PETALING JAYA: There is a gradual increase in trade payment defaulters faced by participating members of RAM Credit Information Sdn Bhd (RAMCI). Those extending credit should practise stringent checks

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Maybank drives KLCI beyond 1,700 level

KUALA LUMPUR: Fund buying of key stocks including Maybank pushed the FBM KLCI solidly beyond the critical 1,700 level in Friday morning trade as the volatile July comes to an end.

31 July 2015 | 9:56AM |

Markets

Petronas’ project in Canada may not start in the fall - report

KUALA LUMPUR: The British Columbia (BC) government is not in a position to say when construction of the Petroliam Nasional Bhd (Petronas)-led Pacific NorthWest LNG project will start, BC-based publication Alaska Highway News reported quoting a finance ministry spokesperson.

30 July 2015 | 5:40PM |

Oil & Gas

Public Bank net profit up 13% to RM1.2bil

PETALING JAYA: Public Bank Bhd’s (PBB) net profit was up 13.29% to RM1.2bil on the back of a 16.72% jump in revenue to RM4.74bil for its second quarter to June 30. The better earnings were mainly due to a healthy growth in loans and deposits, and stable asset quality.

31 July 2015 | 12:00AM |

Banking

KAF surges on takeover plan

KUALA LUMPUR: Shares of KAF-Seagroatt & Campbell Bhd (KAFSC) jumped in early Friday trade and surged to a high of RM2.62 following a takeover plan at RM2.70 a share.

31 July 2015 | 9:10AM |

Corporate News

Malaysian palm oil price hits new 3-month lows

JAKARTA: Malaysian palm oil futures hit fresh 3-month lows on Wednesday, reversing a brief respite in a sixth-straight day of declines during morning trading, as concerns over export demand outlook for the edible oil triggered prices to fall further.

30 July 2015 | 7:05AM |

Palm Oil

Seacera unhappy with MAHB’s job termination

PETALING JAYA: Seacera Group Bhd is unhappy that Malaysia Airports Holdings Bhd unilaterally terminated a contract for the design and construction of the Malaysia Airports Academy, as well as other works at the KL International Airport.

31 July 2015 | 12:00AM |

Stocks

Maybank drives KLCI beyond 1,700 level

KUALA LUMPUR: Fund buying of key stocks including Maybank pushed the FBM KLCI solidly beyond the critical 1,700 level in Friday morning trade as the volatile July comes to an end.

31 July 2015 | 9:56AM |

Markets

KAF surges on takeover plan

KUALA LUMPUR: Shares of KAF-Seagroatt & Campbell Bhd (KAFSC) jumped in early Friday trade and surged to a high of RM2.62 following a takeover plan at RM2.70 a share.

31 July 2015 | 9:10AM |

Corporate News

Malaysia, other Pacific trade negotiators chase final deal amid tough talks

LAHAINA, Hawaii: Pacific Rim trade ministers, including Malaysia's Mustapa Mohamed(pic), neared the final spurt of negotiations on an ambitious free trade pact on Thursday, but differences over farm exports and monopoly periods for next-generation drugs were preventing them from reaching an elusive final deal.

31 July 2015 | 8:19AM |

Economy

Wall Street ends flat; Expedia flies after the bell

NEW YORK: Wall Street ended flat on Thursday as investors digested ho-hum corporate earnings and new data showed that the economy grew more quickly in the second quarter. Procter & Gamble, Facebook and Whole Foods Market all fell after quarterly reports that left investors wanting more.

31 July 2015 | 6:53AM |

Stocks

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