Business

Construction works on MRT1 underground transport hub progressing smoothly. — Bernama

MRT2 works to start

PETALING JAYA: Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) is expected to start awarding contracts for the various packages of the RM23bil Mass Rapid Transit line 2 (MRT2) in the last quarter of this year.

Gan: ‘We could potentially see more mergers and acquisitions.

Bankers remain positive on capital raising

PETALING JAYA: There is a silver lining in the investment banking business despite the weak capital market activities that could spur banks’ bottom line this year amid a challenging economic outlook.

Your highest calling

FINANCIAL SNACKS - By JOYCE CHUAH
Be prepared financially if you plan to include caregiving for one or both of your parents.

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China to cut 80 million tonnes of steel capacity

BEIJING: China will aim to cut as much as 80 million tonnes of excess steel capacity in the next three years to tackle a massive supply glut that has plunged much of the sector into crisis, a government official said.

30 March 2015 | 12:00AM |

Foreign News

Integrax shareholders urged to hold on to shares

PETALING JAYA: Integrax Bhd co-founder and deputy chairman Amin Halim Rasip is making another attempt to thwart the offer by Tenaga Nasional Bhd (TNB) for Integrax at RM3.25 a share by requesting Integrax shareholders not to sell their shares to TNB yet and is planning to make a voluntary general takeover (VGO).

30 March 2015 | 12:00AM |

Integrax

Adex up 15% in February on campaign by advertisers

PETALING JAYA: Advertising expenditure (adex) in February grew 15% year-on-year to RM1.05mil from RM909,924 in the previous corresponding period, driven by campaigns from advertisers looking to drive sales ahead of the impending goods and services tax (GST) on April 1.

30 March 2015 | 12:00AM |

adex

Chevron exits Caltex Australia

PERTH: US energy giant Chevron sold its entire stake in refiner Caltex Australia Ltd for A$4.7bil (US$3.7bil) in Asia’s biggest block deal this year, as falling oil prices and high costs hurt margins.

30 March 2015 | 12:00AM |

Foreign News

Integrax shareholders urged to hold on to shares

PETALING JAYA: Integrax Bhd co-founder and deputy chairman Amin Halim Rasip is making another attempt to thwart the offer by Tenaga Nasional Bhd (TNB) for Integrax at RM3.25 a share by requesting Integrax shareholders not to sell their shares to TNB yet and is planning to make a voluntary general takeover (VGO).

30 March 2015 | 12:00AM |

Integrax

Adex up 15% in February on campaign by advertisers

PETALING JAYA: Advertising expenditure (adex) in February grew 15% year-on-year to RM1.05mil from RM909,924 in the previous corresponding period, driven by campaigns from advertisers looking to drive sales ahead of the impending goods and services tax (GST) on April 1.

30 March 2015 | 12:00AM |

adex

Chevron exits Caltex Australia

PERTH: US energy giant Chevron sold its entire stake in refiner Caltex Australia Ltd for A$4.7bil (US$3.7bil) in Asia’s biggest block deal this year, as falling oil prices and high costs hurt margins.

30 March 2015 | 12:00AM |

Foreign News

China to cut 80 million tonnes of steel capacity

BEIJING: China will aim to cut as much as 80 million tonnes of excess steel capacity in the next three years to tackle a massive supply glut that has plunged much of the sector into crisis, a government official said.

30 March 2015 | 12:00AM |

Foreign News

Firms urged to sell bonds abroad for Silk Road projects

HAINAN: China will encourage local companies to issue bonds overseas to fund projects to create a modern Silk Road, a plan to boost connectivity across Asia for which it has created a US$40bil fund, according to a framework agreement released by the official Xinhua news agency.

30 March 2015 | 12:00AM |

Foreign News

Intel in talks to buy Altera, shares of firms surge

NEW YORK: Intel Corp is in talks to buy fellow chipmaker Altera Corp in a deal likely to top $10 billion, according to a source familiar with the matter, making it Intel's biggest purchase ever and the latest merger in the quickly consolidating semiconductor sector.

28 March 2015 | 12:37PM |

Corporate News

Fed's Yellen sees gradual rate hikes starting this year

SAN FRANCISCO/WASHINGTON: Federal Reserve Chair Janet Yellen signaled that the U.S. central bank will likely start raising borrowing costs later this year, even before inflation and wages have returned to health, but emphasized the return to normal interest rates will be gradual.

28 March 2015 | 12:30PM |

Banking

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