Business

Uggah (centre) says the countries aim to set up the rubber market in the next 18 months. With him are Petipong (left) and Rachmat (right).

Malaysia, Indonesia and Thailand plan market for better rubber price

KUALA LUMPUR: The world’s top rubber producers, Thailand, Indonesia and Malaysia, are targeting to set up a regional rubber market in the next 18 months that will serve as a platform for better rubber price recovery, as well as an effective hedging function for producers, consumers and market players.

Tony Fernandes to play bigger role in turning AirAsia X around

KUALA LUMPUR: AirAsia X Bhd founder Tan Sri Tony Fernandes has denied that the low-cost medium haul airline is facing management issues, although he expects to play a bigger role in turning the airline around with his partner Datuk Kamarudin Meranun.

2015 good year for Malaysian mobile phone industry

PETALING JAYA: The local mobile industry is expected to record a slightly better service revenue growth of 2.8% in 2015, while the fixed-line incumbent Telekom Malaysia Bhd’s (TM) revenue is expected to rise 4.9% year-on-year (y-o-y) in financial year 2015 (FY15).

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Malaysia’s inflation rate up 2.8% in October

KUALA LUMPUR: Malaysia’s inflation rate rose 2.8% in October from year ago, due to a spike in transport costs, but the overall rate was still below economists’ forecast of an increase of between 3% and 3.1%.

21 November 2014 | 12:54PM |

Corporate News

AirAsia offers Asean Pass

KUALA LUMPUR: AirAsia Bhd has introduced AirAsia Asean Pass that will allow travellers ease of travel within the region with a credit-based system.

21 November 2014 | 12:00AM |

Stocks

7-Eleven earnings double in Q3

KUALA LUMPUR: 7-Eleven Malaysia Holdings Bhd’s earnings surged 109% to RM17.12mil in the third quarter ended Sept 30, 2014 from RM8.19mil a year ago, driven mainly by the sales growth and gross profit margin expansion.

21 November 2014 | 6:15PM |

Corporate News

Genting, CIMB and Sime top losers early Friday

KUALA LUMPUR: Foreign fund selling of key blue chips Genting Bhd, CIMB and Sime Darby pushed the FBM KLCI into the red early Friday after the set of mixed to mostly weaker corporate results in the quarter ended Sept 30.

21 November 2014 | 9:48AM |

Corporate News

Pharmaniaga Q3 earnings up nearly 300% to RM14.95m

KUALA LUMPUR: Pharmaniaga Bhd’s earnings jumped almost 300% to RM14.95mil in the third quarter ended Sept 30, 2014 from RM3.75mil a year ago, largely due to the favourable contribution from its operations and manufacturing.

21 November 2014 | 7:57PM |

Corporate News

7-Eleven earnings double in Q3

KUALA LUMPUR: 7-Eleven Malaysia Holdings Bhd’s earnings surged 109% to RM17.12mil in the third quarter ended Sept 30, 2014 from RM8.19mil a year ago, driven mainly by the sales growth and gross profit margin expansion.

21 November 2014 | 6:15PM |

Corporate News

AmInvest merges funds management business

KUALA LUMPUR: AmInvest said it will be merging its unit trusts management and funds management companies, AmInvestment Services Bhd and AmInvestment Management Sdn Bhd under AmInvestment Services Bhd.

21 November 2014 | 3:06PM |

Corporate News

Zecon posts RM3m losses in Q1

KUALA LUMPUR: Zecon Bhd posted net losses of RM3.07mil in the first quarter ended Sept 30, 2014, which widened from RM213,000 a year ago due to higher project costs by the construction sector and low revenue from its property development sector.

21 November 2014 | 1:28PM |

Corporate News

Smoother path ahead for Petronas’ Canadian venture

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) could have a smoother path for its proposed investment in Canada after a Canadian aboriginal community signed a deal with British Columbia to allow a gas pipeline to be built in its territory.

21 November 2014 | 1:13PM |

Corporate News

Malaysia’s inflation rate up 2.8% in October

KUALA LUMPUR: Malaysia’s inflation rate rose 2.8% in October from year ago, due to a spike in transport costs, but the overall rate was still below economists’ forecast of an increase of between 3% and 3.1%.

21 November 2014 | 12:54PM |

Corporate News

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