Business

Tough turnaround for Malaysia Airlines

PETALING JAYA: Malaysia Airlines’ (MAS) new chief executive officer (CEO), Christoph Mueller (pic), in his first message to 20,000 employees has warned of massive cost cuts, as the chilling truth is that the airline’s cost has been 20% above that of its competitors.

F&N to launch RM2bil PJ property project in 2016

KUALA LUMPUR: Food and beverage company Fraser & Neave Holdings Bhd (F&N) is looking to launch its RM2bil integrated property project at Section 13, Petaling Jaya, by the second quarter of 2016.

SapKen poised to win RM1.5bil global jobs (Updated)

PETALING JAYA: SapuraKencana Petroleum Bhd (SapKen) is poised to land two international jobs in India and Mexico respectively totalling about RM1.5bil, according to a source close to the deals.

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Record prices for apartments in Malaysia

PETALING JAYA: The Pavilion group is setting a record of sorts as it has priced its high-rise serviced residential units of its latest project – the Pavilion Suites – along Jalan Bukit Bintang starting from RM3,000 per sq ft.

6 May 2015 | 12:00AM |

Property

Gem of a portal: Kon Sean (seated 3rd from right) posing with employees of the online store.

Billionaire Quek's son starts online shopping portal

PETALING JAYA: Quek Kon Sean, the youngest son of billionaire Tan Sri Quek Leng Chan of the Hong Leong Group, has founded GEMFive, an online shopping portal that he plans to take into the regional digital space, targeting Singapore and Indonesia next.

6 May 2015 | 12:00AM |

Stocks

Genting Group breaks ground on Resorts World Las Vegas

KUALA LUMPUR: Genting Group on Wednesday conducted the groundbreaking ceremony of its Chinese-themed Resorts World Las Vegas (RWLV) - the first Las Vegas Strip development project in nearly a decade - witnessed by Nevada Governor Brian Sandoval and Clark County Commissioners.

6 May 2015 | 10:15PM |

Corporate News

MBSB Q1 net profit down 36% to RM124mil

KUALA LUMPUR: Malaysia Building Society Bhd's (MBSB) net profit for its first quarter ended March 31, 2015 fell 36% to RM124.31mil from RM196.73mil a year ago.

7 May 2015 | 1:49PM |

Banking

Kuwait Finance House says may sell Malaysia unit

DUBAI: Kuwait Finance House (KFH), the Gulf nations' biggest Islamic lender, may sell some of its investments including KFH Malaysia and has picked Credit Suisse to advise it on the matter, KFH said on Wednesday.

7 May 2015 | 7:25AM |

Banking

TPPA provides vast market access to businesses

KUALA LUMPUR: The Trans-Pacific Partnership Agreement (TPPA) will provide vast market access for businesses, especially state-owned enterprises (SOE), making them well-known in the 12 participating countries, as well as, other parts of the world.

7 May 2015 | 4:04PM |

Corporate News

ExxonMobil starts production from Telok B platform

KUALA LUMPUR: ExxonMobil Exploration and Production Malaysia Inc. (ExxonMobil), a subsidiary of Exxon Mobil Corporation plans to kick-start natural gas production from the second phase of Telok gas development project located off the east coast of Peninsular Malaysia.

7 May 2015 | 3:15PM |

Corporate News

TPPA provides vast market access to businesses

KUALA LUMPUR: The Trans-Pacific Partnership Agreement (TPPA) will provide vast market access for businesses, especially state-owned enterprises (SOE), making them well-known in the 12 participating countries, as well as, other parts of the world.

7 May 2015 | 4:04PM |

Corporate News

ExxonMobil starts production from Telok B platform

KUALA LUMPUR: ExxonMobil Exploration and Production Malaysia Inc. (ExxonMobil), a subsidiary of Exxon Mobil Corporation plans to kick-start natural gas production from the second phase of Telok gas development project located off the east coast of Peninsular Malaysia.

7 May 2015 | 3:15PM |

Corporate News

Tobacco, medicines dominate TPPA forum

KUALA LUMPUR: Malaysia's request for tobacco to not be part of the Trans Pacific Partnership Agreement negotiations and fears over the higher cost of medication dominated the floor at a forum discussing the trade agreement.

7 May 2015 | 1:56PM |

Economy

MBSB Q1 net profit down 36% to RM124mil

KUALA LUMPUR: Malaysia Building Society Bhd's (MBSB) net profit for its first quarter ended March 31, 2015 fell 36% to RM124.31mil from RM196.73mil a year ago.

7 May 2015 | 1:49PM |

Banking

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