Business

Sime Darby Motors listing delay contributes to Sime rating down-grade

PETALING JAYA: Sime Darby Bhd’s delay in listing its auto unit, Sime Darby Motors Bhd, has partly contributed to the conglomerate being accorded a lower rating by Standard & Poor’s Ratings Services (S&P).

KPJ eyes senior citizens care business

JOHOR BARU: Hospital operator KPJ Healthcare Bhd is expanding its senior care services to cater to growing demand at home.

Eco World plans RM8bil Kota Kemuning township

SHAH ALAM: Eco World Development Group Bhd is planning a second township with a gross development value (GDV) of RM8bil in Kota Kemuning.

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Intel shifts Kulim ops to China and Vietnam, 600 let off

GEORGE TOWN: Chip-making leader Intel Corp is relocating some of its mature products to China and Vietnam from the facility in Kulim, and has started relieving some of the workers attached to them. Sources told StarBiz that the Kulim facility has for the past weeks let off about 600 workers involved in manufacturing

28 May 2015 | 12:00AM |

Stocks

Moody's take on 1MDB

KUALA LUMPUR: There is a worry that Malaysia’s fiscal consolidation may be derailed should the Government be forced to assist 1Malaysia Development Bhd (1MDB) financially.

28 May 2015 | 12:00AM |

Stocks

No respite yet for Malaysia’s stock market

KUALA LUMPUR: The FBM KLCI again slipped into the red early Friday as investors were disappointed with most of the corporate results amid also growing anxiety over the plunge in China markets the previous day.

29 May 2015 | 9:39AM |

Markets

K-One Technology skids in heavy trade

KUALA LUMPUR: K-One Technology’s shares and warrants fell sharply in early Thursday trade after it posted sharply lower earnings in the first quarter ended March 31, 2015 on investor fears of weaker financial performance ahead.

28 May 2015 | 9:44AM |

Corporate News

Market awaits update from 1MDB roadmap

KUALA LUMPUR: The market will be awaiting updates on the controversial 1Malaysia Development Bhd (1MDB) on Friday where the Prime Minister and his Cabinet will be given first-hand and the latest information.

29 May 2015 | 8:42AM |

Markets

HLIB maintains Sell rating on IHH

KUALA LUMPUR: Hong Leong Investment Research (HLIB) has maintained its Sell rating on IHH Healthcare with a target price of RM4.47 as share price has run ahead of fundamentals.

29 May 2015 | 10:34AM |

Analyst Reports

Plantations among top losers

KUALA LUMPUR: Plantation stocks were among the top losers in the first hour of trade on Friday as funds sold the stocks on the last trading day of May.

29 May 2015 | 9:58AM |

Markets

No respite yet for Malaysia’s stock market

KUALA LUMPUR: The FBM KLCI again slipped into the red early Friday as investors were disappointed with most of the corporate results amid also growing anxiety over the plunge in China markets the previous day.

29 May 2015 | 9:39AM |

Markets

Market awaits update from 1MDB roadmap

KUALA LUMPUR: The market will be awaiting updates on the controversial 1Malaysia Development Bhd (1MDB) on Friday where the Prime Minister and his Cabinet will be given first-hand and the latest information.

29 May 2015 | 8:42AM |

Markets

Malaysian palm oil price at 2-week high on weak ringgit

JAKARTA: Malaysian palm oil futures rallied to a two-week high on Thursday as traders took advantage of a falling ringgit, supported by gains in competing markets and signs that the El Nino weather phenomenon could already be hurting output in East Malaysia.

29 May 2015 | 7:04AM |

Palm Oil

Southeast Asia stocks: Mostly down

BANGKOK: Thai shares fell on Thursday as investors cut risk holdings a day before the release of April economic data, while most other Southeast Asian stock markets ended weaker as Asia weighed in the risk of a likely U.S. interest rate hike this year.

29 May 2015 | 6:58AM |

Stocks

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