Business

AirAsia wants MAHB to make public klia2 certifications

SEPANG: AirAsia Bhd has urged Malaysia Airport Holdings Bhd (MAHB) to make all of the relevant certifications with regards to klia2 publicly available.

MISC CEO Datuk Shamsul Azahar Abas.

Former Petronas president Shamsul named Petronas Gas chairman

PETALING JAYA: Petronas Gas Bhd (PetGas), which almost doubled its net profit in the second quarter ended June 30 to RM818mil, has appointed Tan Sri Shamsul Azhar Abbas as its new chairman.

Ringgit risk reverses, volatility reduced

KUALA LUMPUR: The difference in the trade between the offshore and onshore ringgit market narrowed yesterday, indicating that the volatility in the domestic currency has reduced for now.

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Ringgit ends lower against US dollar

KUALA LUMPUR: The ringgit continued to end lower today, despite an increase in the country's exports for June, dampened by the possibility of a US interest rate hike in September, a dealer said.

5 August 2015 | 5:55PM |

Business News

Nexgram is steadfast in acquiring TRX land

KUALA LUMPUR: Nexgram Holdings Bhd is steadfast in its decision to acquire a parcel of land in the 1Malaysia Development Bhd's Tun Razak Exchange (TRX) here, its chief executive officer Datuk Larry Tey said.

5 August 2015 | 12:58PM |

Business News

Crude oil price in danger of another breakdown

KUALA LUMPUR: West Texas Intermediate traded on the New York Mercantile Exchange, also known as light sweet crude had a nice rebound recently, up from a six-year low of US$42.03 on March 18 to a high of US$62.58 on May 6 in the wake of renewed buying interest.

4 August 2015 | 12:08PM |

Oil & Gas

Pressure on ringgit remains unabated

PETALING JAYA: At RM3.85 to the US dollar, the selling pressure on the ringgit remains unabated on the back of two probable developments – first, the widely speculated put option that traders had gone into a few months ago offering RM4 for every US dollar.

4 August 2015 | 12:00AM |

Economy

Best chapter in Pearson breakup story yet to come

LONDON: The best chapter of Pearson's breakup is yet to be written. Selling a 47% stake in book publisher Penguin Random House to co-owner Bertelsmann might generate twice as much as the Financial Times, which the UK group parcelled off to Japan's Nikkei for 844 million pounds (1.2 billion euros) last month.

5 August 2015 | 5:44PM |

Business News

Crude palm oil price slumps to 11-month low

JAKARTA: Malaysian palm oil futures hit an eleven-month low on Monday, as other vegetable oils traded lower and expectations of weak demand and higher output in the coming weeks weighed on prices.

4 August 2015 | 7:03AM |

Palm Oil

Ringgit ends lower against US dollar

KUALA LUMPUR: The ringgit continued to end lower today, despite an increase in the country's exports for June, dampened by the possibility of a US interest rate hike in September, a dealer said.

5 August 2015 | 5:55PM |

Business News

Best chapter in Pearson breakup story yet to come

LONDON: The best chapter of Pearson's breakup is yet to be written. Selling a 47% stake in book publisher Penguin Random House to co-owner Bertelsmann might generate twice as much as the Financial Times, which the UK group parcelled off to Japan's Nikkei for 844 million pounds (1.2 billion euros) last month.

5 August 2015 | 5:44PM |

Business News

China, ASEAN to speed up talk on South China Sea

KUALA LUMPUR: China and the Association of Southeast Asian Nations (ASEAN) agreed on Wednesday to speed up consultations on a Code of Conduct for the disputed South China Sea, the foreign ministers of China and ASEAN member Thailand said on Wednesday.

5 August 2015 | 5:33PM |

ASEAN

Eurozone's July business growth exceeds expectations

LONDON: Eurozone business growth accelerated at the end of last month as companies largely put the Greek debt crisis behind them, suggesting the bloc's economic recovery is on track, a survey showed on Wednesday.

5 August 2015 | 4:08PM |

Business

Indonesian banks boost bad loan provisions

JAKARTA: Several Indonesian big banks have sharply hiked bad loan provisions, helping push combined first-half profits to their first decline in almost a decade, as they fret about the impact of a troubled mining sector and weaker commodity prices on the economy.

5 August 2015 | 4:01PM |

Business

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