Business

Oil and gas stocks hit by impairments and narrow margins

PETALING JAYA: The fall in oil prices was clearly felt by oil and gas (O&G) companies in the recent results season, where most had to provide for assets that were lower in value based on the latest outlook for the industry and narrowing margins.

Investors expected to stay on sidelines of local stock market

PETALING JAYA: Local retail investors are likely to remain on the sidelines this week after staying on the sidelines last week despite foreign institutional investors flocking back to the market last Friday.

Wahid says following the adjustments, the Government will benefit should a project receive ‘super normal’ returns.

Changes to PPP financing

KUALA LUMPUR: The Government will make the necessary adjustments to the private-public partnership (PPP) financing model that is routinely used to finance mega projects, said Minister in the Prime Minister’s Department Datuk Seri Abdul Wahid Omar.

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A model of Sapphire On The Park project. The condominiums are developed as the first component of Kuching Paragon, Naim’s flagship development .

Brisk sales of Naim’s condos

KUCHING: Sarawak’s largest developer Naim Holdings Bhd’s recently launched upmarket high-rise residential projects, which are the components of its ambitious billion-ringgit Bintulu Paragon and Kuching Paragon developments, have chalked up sales of over RM50mil despite a slowdown in the property market.

3 March 2015 | 12:00AM |

Property

Facebook's Zuckerberg seeks peace with telcos on Web-for-all push

BARCELONA: Facebook Inc founder Mark Zuckerberg was on hostile turf on Monday as spoke to executives at the world's biggest annual gathering of the mobile industry, renewing attempts to win their backing to help reach billions of users with no Internet access.

3 March 2015 | 10:29AM |

Telcos

Maybank Investment Bank deputy CEO Fad’l Mohamed

Maybank IB appoints deputy CEO

PETALING JAYA: Maybank Investment Bank has appointed Fad’l Mohamed (pic)its deputy chief executive officer (CEO) effective yesterday.

3 March 2015 | 12:00AM |

Banking

Faber, RHB Capital, Muhibbah Engineering all 'buy'

Although Faber Group Bhd’s fourth quarter core profit declined 6.4%year-on-year (y-o-y) to RM73.3mil after accounting for higher effective tax rate (including zakat payment) and higher minority interest charge.

3 March 2015 | 12:00AM |

Stocks

RHB Research maintains Buy on Allianz

KUALA LUMPUR: RHB Research has maintained its Buy call on Allianz with a target price of RM13.80, as it sees value in Allianz given that LI is maturing into an exponential phase of contribution.

3 March 2015 | 10:43AM |

Analyst Reports

Bursa Malaysia reprimands two dealers

KUALA LUMPUR: Bursa Malaysia Securities Bhd has publicly reprimanded, fined and suspended Hon Sook Yin and Ang Kian Chuan for engaging in manipulative dealing activities in Notion Vtec Bhd.

2 March 2015 | 6:57PM |

Corporate News

Khazanah to disburse up to RM1.6bil within three months to MAS

PETALING JAYA: National sovereign fund Khazanah Nasional Bhd is scheduled to disburse up to RM1.6bil within the next three months to Malaysia Airlines (MAS) as part of the second phase of its conditional investment funding totalling RM6bil to completely overhaul the national carrier.

2 March 2015 | 11:56AM |

Airlines

RHB Research maintains Buy on Allianz

KUALA LUMPUR: RHB Research has maintained its Buy call on Allianz with a target price of RM13.80, as it sees value in Allianz given that LI is maturing into an exponential phase of contribution.

3 March 2015 | 10:43AM |

Analyst Reports

Apple, Google poaching settlement appears headed for approval

SAN FRANCISCO: A U.S. judge on Monday seemed satisfied with a proposed US$415 million settlement that would end a lawsuit in which tech workers accused Apple Inc, Google Inc and two other Silicon Valley companies of conspiring to hold down salaries.

3 March 2015 | 10:40AM |

Stocks

Facebook's Zuckerberg seeks peace with telcos on Web-for-all push

BARCELONA: Facebook Inc founder Mark Zuckerberg was on hostile turf on Monday as spoke to executives at the world's biggest annual gathering of the mobile industry, renewing attempts to win their backing to help reach billions of users with no Internet access.

3 March 2015 | 10:29AM |

Telcos

Nomad surges on Plenitude takeover plan

KUALA LUMPUR: Shares of The Nomad Group surged to a high of RM1.20 early Tuesday – just five sen away from the RM1.25 offer made by property developer Plenitude Bhd to take over the company in an all-share deal.

3 March 2015 | 9:19AM |

Corporate News

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