Business

Corus Hotel Hyde Park is among the assets owned by MUI.

MUI in talks for sale of certain ‘substantial’ assets

PETALING JAYA: Malayan United Industries Bhd (MUI) is exploring the possibility of disposing of certain “substantial” assets and is currently in talks with a potential buyer.

Husni: ‘We expect two more companies to be listed by year-end’.

Teraju creates RM46.5bil worth of business

KUALA LUMPUR: The Government’s Bumiputra Agenda Steering Unit (Teraju) established in 2011, has created some RM46.5bil worth of business opportunities, financing and human capital development for bumiputras as at June this year.

National Automotive Policy review in mid-January

KUALA LUMPUR: The International Trade and Industry Ministry plans to reveal the progress of the National Automotive Policy (NAP) 2014 and announce details of a few companies that have decided to set up facilities for energy-efficient vehicles (EEV) here in the middle of next January.

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IJM, Silk abort RM395mil Kajang highway deal

PETALING JAYA: IJM Corp Bhd unit Road Builder (M) Holdings Bhd and Silk Holdings Bhd have mutually decided to abort the RM395mil acquisition of 100% equity interest in Sistem Lingkaran-Lebuhraya Kajang Sdn Bhd.

25 November 2014 | 12:00AM |

Stocks

A worker controls the arrival of a supply ship to the West Alfa drilling platform, which is anchored at the Cara Sea some 250 km north off Russian shore. Russia needs an oil price of US100 per barrel to balance its budget. — AP

Russia sends mixed signals on oil output

MOSCOW: Russia, in desperate need of higher oil prices, is making a last-ditch attempt to sway this week’s Organisation of the Petroleum Exporting Countries (Opec) meeting by suggesting Moscow could cut output if the group does the same.

26 November 2014 | 12:00AM |

oil

BIMB Holdings Q3 earnings soar to nearly RM126m (Update)

KUALA LUMPUR: BIMB Holdings Bhd reported a strong set of results in the third quarter ended Sept 30, 2014, with earnings up 66% to RM125.29mil from RM75.46mil a year ago, boosted by its acquisition of 49% interest in Bank Islam Malaysia Bhd.

25 November 2014 | 1:44PM |

Banking

DiGi, Petronas Gas underpin KLCI’s gains

KUALA LUMPUR: Malaysia’s blue chips held on to their gains to close near 1,840 on Tuesday, underpinned by fund buying of DiGi, Petronas Gas and Petronas Chemicals but the broader market was mixed on profit taking.

25 November 2014 | 6:41PM |

Corporate News

BoE mulls tougher rules

LONDON: Financial institutions that settle trillions of dollars of derivative contracts a day may need to hold more capital to stop them requiring a government bailout if they fail, a senior Bank of England (BoE) official said.

26 November 2014 | 12:00AM |

Banking

A worker controls the arrival of a supply ship to the West Alfa drilling platform, which is anchored at the Cara Sea some 250 km north off Russian shore. Russia needs an oil price of US100 per barrel to balance its budget. — AP

Russia sends mixed signals on oil output

MOSCOW: Russia, in desperate need of higher oil prices, is making a last-ditch attempt to sway this week’s Organisation of the Petroleum Exporting Countries (Opec) meeting by suggesting Moscow could cut output if the group does the same.

26 November 2014 | 12:00AM |

oil

Protasco posts Q3 loss of RM69mil

PETALING JAYA: Protasco Bhd went into the red with a net loss of RM69.18mil for the third quarter to Sept 30, 2014 from a previous net profit of RM13mil. Revenue jumped 27.1% to RM318.99mil.

26 November 2014 | 12:00AM |

Stocks

RM192mil BAuto share placement

PETALING JAYA: Berjaya Corp Bhd (BCorp) unit Berjaya Group Bhd (BGroup) has placed out 60 million ordinary shares of Berjaya Auto Bhd (BAuto) for RM192mil.

26 November 2014 | 12:00AM |

Stocks

UOA Development Q3 profit higher

PETALING JAYA: UOA Development Bhd’s third quarter net profit to Sept 30, 2014 increased 34.44% to RM102.88mil on the back of progressive recognition from the sale of its projects in Desa Green, South View Serviced Apartments, The Vertical Office Suites and the recently-completed Desa Eight and Le Yuan Residence.

26 November 2014 | 12:00AM |

Stocks

Boustead unit awards RM20mil contract for vessels

PETALING JAYA: Boustead Holding Bhd subsidiary, Boustead Naval Shipyard (BNS), has awarded a £3.88mil (RM20.39mil) contract to Contraves Advanced Devices Sdn Bhd (CAD) for the delivery of six patrol vessels.

26 November 2014 | 12:00AM |

Stocks

IHH profit for third quarter rises 25.5% to RM147mil

PETALING JAYA: IHH Healthcare Bhd’s net profit for the third quarter ended Sept 30 jumped 25.5% to RM146.91mil on the back of higher inpatient volumes, revenue intensity and contribution from new hospitals.

26 November 2014 | 12:00AM |

Stocks

HLB Q1 profit up marginally to RM547.6mil

PETALING JAYA: Hong Leong Bank Bhd (HLB) recorded a marginal growth in net profit to RM547.57mil for the first quarter ended Sept 30, 2014 against RM544.49mil a year ago.

26 November 2014 | 12:00AM |

Stocks

Daiman plans 128ha industrial park

JOHOR BARU: Daiman Development Bhd is planning to turn a freehold 128.78ha agriculture land near Kulaijaya into a gated and guarded industrial park cum commercial outlets in its latest development.

26 November 2014 | 12:00AM |

Property

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