Business

Billionaire Ananda Krishnan in foundation to promote study of Mandarin and English

PETALING JAYA: Billionaire T Ananda Krishnan and the Usaha Tegas Group have launched the Yu Cai Foundation (YCF), which will principally focus on giving grants to educational institutions which promote the study of Mandarin and English.

M'sian ringgit hit by S'pore easing monetary policy

PETALING JAYA: The ringgit has become an unwitting casualty of Singapore’s surprise easing of its tightly controlled monetary policy, as the country joined a growing list of central banks around the world taking extraordinary steps in shoring up faltering economic growth as inflation slows.

Changes in the air at AMMB?

PETALING JAYA: AMMB Holdings Bhd may see changes to some of its key positions in the next few months.

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1MDB seeking another loan extension

Kuala Lumpur: 1Malaysia Development Bhd (1MDB) is planning to seek another one-month extension on a RM2bil loan to give it more time to sell a stake in its energy unit, sources said.

28 January 2015 | 12:00AM |

1MDB

China plans 7% growth in 2015, its lowest in 11 years

BEIJING: China plans to cut its growth target to around 7% in 2015, its lowest goal in 11 years, sources said, as policymakers try to manage slowing growth, job creation and pursuing reforms intended to make the economy more driven by market forces.

29 January 2015 | 12:00AM |

China

Integrax to consider Amin’s request for dividend payments

PETALING JAYA: The board of port operator Integrax Bhd will consider dividend payments based on the financial performance recorded during the previous financial year, taking into consideration its cash flow and capital expenditure requirements.

29 January 2015 | 12:00AM |

Stocks

Apple takes top gifting spot in China: report

Apple Inc has taken the number one luxury gifting spot in China from designer goods maker Hermes International SCA, according to a Hurun luxury report, reflecting the iPhone maker's recent hot streak in the country.

29 January 2015 | 6:19PM |

Foreign News

President of Malaysian Iron and Steel Industry Federation (Misif), Datuk Soh Thian Lai, is urging the Government to reduce electricity and natural gas tariffs by at least 20% in order for the steel industry to remain competitive now that prices of crude oil and natural gas have fallen drastically.

Iron-steel industry urges Govt to slash electricity tariffs

KUALA LUMPUR: The Malaysian Iron and Steel Industry Federation (Misif) is urging the Malaysian Government to reduce electricity and natural gas tariffs without further delay in view of the drastic decline in the prices of crude oil, natural gas and thermal coal.

29 January 2015 | 3:29PM |

Business News

Nokia, which ranks third in the global network gear market, said the unit's core operating profit rose to €470mil (US$530mil) in the fourth quarter, or 14% of sales, from €397mil in the previous quarter - AFP Photo.

Nokia beats profit forecasts in Q4

HELSINKI: Finland's Nokia on Thursday reported stronger-than-expected quarterly profits for its core network equipment business on the back of network roll-outs for faster 4G mobile services in China and North America.

29 January 2015 | 3:03PM |

Foreign News

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