Business

Stiffer penalties for telcos and broadcasting industries

PETALING JAYA: Companies in the telecommunications and broadcasting industries will be subjected to stiffer penalties that at the moment are described as measly by the minister in charge of ensuring the operators providing services toe the line.

IFCA MSC slumps after CFO resigns (Update)

KUALA LUMPUR: IFCA MSC warrants and shares fell to their lowest since mid-April, triggered by rising investor worries following the resignation of its chief financial officer without any news of a fresh appointment.

Shahril: ‘We will have 10 main packages compared to eight in the first line.’

RM10bil MRT tunnelling job, tender to start this week,

KUALA LUMPUR: The tunnelling job for mass rapid transit (MRT) line 2 is expected to be about RM10bil, the most expensive package of the RM28bil project.

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Market sentiment takes a hit as Tenaga slumps

KUALA LUMPUR: Malaysia’s blue chips index, the FBM KLCI, closed down more than 20 points on Monday as market sentiment took a hit on worries Tenaga Nasional may buy 1MDB’s power assets at lofty prices.

25 May 2015 | 5:17PM |

Market Wrap

EPF i-Akaun usage increases 100%

KUALA LUMPUR: The usage of i-Akaun, an online facility to check Employees Provident Fund (EPF) savings, has increased to over 100% in the first quarter ended March 31.

25 May 2015 | 6:10PM |

Business News

Khazanah picks administrator for Malaysia Airlines

KUALA LUMPUR: Khazanah Nasional Bhd has appointed Datuk Mohammad Faiz Azmi as administrator for Malaysian Airline System Bhd (MAS) from Monday as it transitions to the new company Malaysia Airlines Bhd (MAB).

25 May 2015 | 9:54AM |

Airlines

E & O unit seeks listing in London

KUALA LUMPUR: Eastern & Oriental Bhd (E & O) is seeking to list an indirect unit on the London Stock Exchange (LSE) to support its expansion in the UK.

25 May 2015 | 6:35PM |

Property

Will the May-Sept romance on the stock market turn rocky?

IN view of the consensus for a US rate hike in September, will the May-September romance on the stock market turn rocky? This is the question on most investors’ minds as the equities bet is left standing with a lot of changes happening in the last four weeks that have gone against expectations.

25 May 2015 | 12:00AM |

Stocks

Syarikat Takaful net profit up 31.8%

KUALA LUMPUR: Syarikat Takaful Malaysia Bhd’s (STMB) net profit for the first quarter ended March 31, 2015 rose 31.8% to RM46.22mil, from RM 35.07mil a year ago due to the growth from Fire and Motor class of business.

25 May 2015 | 5:58PM |

Business News

Tenaga, Sime Darby under pressure while IFCA MSC skids

KUALA LUMPUR: Tenaga Nasional and Sime Darby fell on Monday on fund selling and erased nearly seven points from the FBM KLCI at the midday break while IFCA MSC attracted attention after the sharp fall in its share price.

25 May 2015 | 1:36PM |

Markets

E & O unit seeks listing in London

KUALA LUMPUR: Eastern & Oriental Bhd (E & O) is seeking to list an indirect unit on the London Stock Exchange (LSE) to support its expansion in the UK.

25 May 2015 | 6:35PM |

Property

EPF i-Akaun usage increases 100%

KUALA LUMPUR: The usage of i-Akaun, an online facility to check Employees Provident Fund (EPF) savings, has increased to over 100% in the first quarter ended March 31.

25 May 2015 | 6:10PM |

Business News

Syarikat Takaful net profit up 31.8%

KUALA LUMPUR: Syarikat Takaful Malaysia Bhd’s (STMB) net profit for the first quarter ended March 31, 2015 rose 31.8% to RM46.22mil, from RM 35.07mil a year ago due to the growth from Fire and Motor class of business.

25 May 2015 | 5:58PM |

Business News

Market sentiment takes a hit as Tenaga slumps

KUALA LUMPUR: Malaysia’s blue chips index, the FBM KLCI, closed down more than 20 points on Monday as market sentiment took a hit on worries Tenaga Nasional may buy 1MDB’s power assets at lofty prices.

25 May 2015 | 5:17PM |

Market Wrap

Plenitude extends period of takeover offer for Nomad

KUALA LUMPUR: Property developer Plenitude Bhd has extended the closing date of its offer for shares in The Nomad Group Bhd (TNGB) by two weeks to June 10 after getting enough valid acceptances to turn its offer unconditional.

25 May 2015 | 4:56PM |

Property

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