Business

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.

Texchem to invest RM50mil in 200 Yoshinoya and Hanamaru restaurants in Malaysia

GEORGE TOWN: Texchem Resources Bhd (TRB) will invest about RM50mil in 200 Yoshinoya and Hanamaru brand name restaurants in the country over the next five years.

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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Mudajaya hurt by additional costs

PETALING JAYA: Sentiment on construction company Mudajaya Group Bhd was affected following its dismal performance for 2014. Mudajaya’s share price took a tumble yesterday, slipping 9.4% or 14 sen to RM1.35 at 5PM.

3 March 2015 | 12:00AM |

Stocks

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

Samsung unveils sleek new Galaxy phones to take on Apple

SEOUL/BARCELONA: Samsung Electronics Co Ltd unveiled its latest Galaxy S smartphones featuring a slim body made from aircraft-grade metal, in a bid to reclaim the throne of undisputed global smartphone leader from Apple Inc.

2 March 2015 | 8:43AM |

Telcos

HP to buy Wi-Fi gear maker Aruba Networks for US$2.7bil

NEW YORK: Hewlett-Packard Co said it would buy Wi-Fi network gear maker Aruba Networks Inc for about US$2.7 billion, the biggest deal for the world's No. 2 PC maker since its botched acquisition of Britain's Autonomy Plc in 2011.

3 March 2015 | 7:09AM |

Stocks

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

MISC, Astro, SKPetro drag KLCI into the red

KUALA LUMPUR: MISC, Astro and SapuraKencana Petroleum dragged the FBM KLCI into the red at the close on Monday as declining stocks beat advancers nearly two to one but the bright spots were CI Holdings and Public Bank.

2 March 2015 | 5:47PM |

Markets

Wellcall ED resigns for health reasons

KUALA LUMPUR: Hose manufacturer Wellcall Holdings Bhd’s executive director Chew Chee Chek, 44, has stepped down due to personal health reasons after being appointed to the board on April 17, 2006.

2 March 2015 | 4:21PM |

Corporate News

HP to buy Wi-Fi gear maker Aruba Networks for US$2.7bil

NEW YORK: Hewlett-Packard Co said it would buy Wi-Fi network gear maker Aruba Networks Inc for about US$2.7 billion, the biggest deal for the world's No. 2 PC maker since its botched acquisition of Britain's Autonomy Plc in 2011.

3 March 2015 | 7:09AM |

Stocks

Billionaire Warren Buffett questions putting activist on GM board

DETROIT: Berkshire Hathaway Chief Executive Warren Buffett, one of the largest shareholders in General Motors Co, said on Monday he would be wary of putting former U.S. autos task force member Harry Wilson or anyone else on the company's board if the focus was on the short-term performance of the automaker.

3 March 2015 | 6:58AM |

Stocks

Australia's top Myer's bosses depart

SYDNEY: Australia’s largest department store Myer Holdings Ltd announced the departure of its two top executives, sparking a tumble in its shares as investors worried the company may have lost faith in a strategy to halt sagging sales growth.

3 March 2015 | 12:00AM |

Australia

Singapore's central bank seen easing further in April

SINGAPORE: Singapore’s central bank is likely to ease monetary policy further in April as lower-than-expected inflation and output data suggest the economy is slowing and facing growing deflationary pressures, a Reuters poll showed.

3 March 2015 | 12:00AM |

Singapore

Sime unit completes NBPOL buy

KUALA LUMPUR: Sime Darby Plantation Sdn Bhd (SDP), a subsidiary of Sime Darby Bhd, has completed the acquisition of New Britain Palm Oil Ltd (NBPOL) and appointed five representatives to the board of NBPOL.

3 March 2015 | 12:00AM |

Palm Oil

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