Business

Petronas posts lower net profit of RM11.4b in Q1 FY15

KUALA LUMPUR: Petroliam Nasional Bhd recorded net profit of RM11.4bil in the first quarter ended March 31, which was 39% lower than RM18.8bil a year ago.

AMMB Holdings earnings near RM2bil in FY15 (Update)

KUALA LUMPUR: AMMB Holdings Bhd’s earnings were at RM1.918bil in the financial year ended March 31, 2015 compared with RM1.782bil in FY14 due to non-interest income and lower allowances.

Cautious plan

Economists feel that the targets set under 11MP are more realistic.

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Celcom Axiata supports affordable packages strategy

KUALA LUMPUR: Celcom Axiata Bhd has come out in full support of the Ministry of Communications and Multimedia’s objective to offer more affordable packages for all Malaysians to enjoy.

22 May 2015 | 1:32PM |

Gould: ‘On average, we are living longer and more healthily, thanks to better healthcare access’.

Higher retirement age seen

KUALA LUMPUR: Global and economic trends indicate that the retirement age may need to be revised further upwards again should the trend of an ageing population and longer life span continue.

21 May 2015 | 12:00AM |

Personal Finance

Oil prices to face selling pressure

PETALING JAYA: The recent oil price rally doesn’t seem to have legs as prices came under pressure on stronger dollar and growing stockpile. Oil prices have been hovering around the US$65 (RM235) level since beginning of the month but a 3% slip on Tuesday caused jitters among investors. The worry is not baseless.

21 May 2015 | 12:00AM |

Oil & Gas

Sime Darby lowers KPI for FY15 to RM2.1b

KUALA LUMPUR: Sime Darby Bhd, which reported a weaker set of earnings for the nine months ended March 31, 2015, had scrapped its key performance indicator (KPI) target of RM2.50bil for FY15.

22 May 2015 | 5:37PM |

Corporate News

JCY to benefit from Seagate expansion in Penang

KUALA LUMPUR: JCY International Bhd, one of the largest manufacturers of hard disk drive (HDD) mechanical components globally, said Seagate’s move to expand its operations in Malaysia is good news for the group.

22 May 2015 | 12:00AM |

Business News

Maxis supports affordable rates

KUALA LUMPUR: Maxis Bhd, telecommunication provider comes out in full support to MCMC chairman Datuk Seri Halim Shafie, to bring about more affordable rates to its customers.

22 May 2015 | 4:30PM |

Business News

Sime Darby lowers KPI for FY15 to RM2.1b

KUALA LUMPUR: Sime Darby Bhd, which reported a weaker set of earnings for the nine months ended March 31, 2015, had scrapped its key performance indicator (KPI) target of RM2.50bil for FY15.

22 May 2015 | 5:37PM |

Corporate News

Maxis supports affordable rates

KUALA LUMPUR: Maxis Bhd, telecommunication provider comes out in full support to MCMC chairman Datuk Seri Halim Shafie, to bring about more affordable rates to its customers.

22 May 2015 | 4:30PM |

Business News

Dollar surge cools, eyes on Yellen, inflation

LONDON: The dollar edged lower on Friday but remained on course for its first week of gains against the euro and a basket of major currencies since the start of April ahead of inflation numbers later in the day.

22 May 2015 | 4:07PM |

Business News

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