Business

Ekuinas O&G arm sees heavy selling as lockup period ends

PETALING JAYA: On a day when most stocks were on an uptrend on the back of the market gaining 28 points, Icon Offshore Bhd, the oil and gas (O&G) service provider of Ekuiti Nasional Bhd (Ekuinas), saw some heavy selling.

Tajuddin says the introduction of the index would let people look at value from a new perspective.

Bursa unveils Environmental, Social and Governance Index

KUALA LUMPUR: Bursa Malaysia Bhd has announced the launch of the Environmental, Social and Governance (ESG) Index.

Auto sales up on year-end campaigns November TIV rises to 55, 313 units

PETALING JAYA: Malaysia’s automotive total industry volume (TIV) in November increased 5.9% to 55,313 units from 52,252 units in the previous corresponding period, driven by year-end promotional campaigns and new model launches, according to the Malaysian Automative Association (MAA).

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As much as RM70bil stands to flow out of Malaysia

PETALING JAYA: Tracking the flow of global investment funds is a tricky business. But the ringgit’s recent sharp depreciation against the US dollar has led to suggestions by some economists that as much as RM70bil stands to flow out of the country, largely due to foreign investors liquidating their position in the bond market.

22 December 2014 | 12:00AM |

Economy

US and allies confrontation with Russia and China on scale never seen since Cold War

The shooting last July down of Malaysia Airlines flight MH17 over eastern Ukraine, where government forces have been fighting pro-Russian separatist rebels, was a reminder of the dangers to civil aircraft flying over contested air space. NATO said earlier this month that its jets had scrambled more than 400 times this year as Russian air force jets approached its air space, twice the level from 2013

23 December 2014 | 7:58AM |

Stocks

There are advantages to a weakening currency. It makes Malaysian exports competitive and attracts more foreign investments as cost of doing business becomes cheaper. Tourists’ arrivals should also see a rise.

Malaysia is getting wealthier but are you feeling it?

LAST week, I was on the hot seat of a live call-in radio programme organised by the ETP (Economic Transformation Programme). On air now for over a year, the show calls for Pemandu (the Performance Management and Delivery Unit) and government officials to bravely front a hotbed of issues, fielding no-holds barred questions from some smart people.

22 December 2014 | 12:00AM |

Personal Finance

Salcon’s 50% JV secures RM470mil sewerage contract

PETALING JAYA: Water facilities and sewerage player Salcon Bhd and its 50% partner Loh & Loh Constructions Sdn Bhd have been awarded an RM470mil sub-contract from MMC Corp Bhd for a centralised sewage treatment plant project.

23 December 2014 | 12:00AM |

Stocks

China says its will extend a helping hand to Russia if needed but believes the country has the ability to overcome its current economic problems - AFP Photo.

China says willing to help Russia

BEIJING: China is willing to help Russia if needed but believes that the country has the ability to overcome its current economic problems, Chinese Foreign Minister Wang Yi was quoted as saying in a state newspaper on Monday.

22 December 2014 | 11:38AM |

Economy

Equity markets worldwide higher, ECB stimulus hints

NEW YORK: Equity markets worldwide pushed higher on Monday after rising expectations for more European stimulus supported shares in the region, while year-end buying helped push the S&P 500 and the Dow industrials to a record close.

23 December 2014 | 7:26AM |

Stocks

Oil and stocks go their separate ways

NEW YORK: Investors have wrung their hands over the last several weeks over the effect of lower oil prices on the broader S&P 500, but the relationship between the two is actually starting to break down.

22 December 2014 | 12:00AM |

Oil & Gas

Exminister Kudrin warns of fullfledged crisis in Russia

MOSCOW: Russia's government has pushed the country into an economic crisis by not tackling its financial problems fast enough, former finance minister Alexei Kudrin said on Monday, as evidence mounted of trouble spreading through the economy.

23 December 2014 | 7:43AM |

Stocks

Foreign reserves lower in first half of Dec

PETALING JAYA: Malaysia’s foreign reserves dropped RM17.6bil in the first half of December, reflecting the heavy outflow of funds from the country’s capital markets during the period.

23 December 2014 | 12:00AM |

Banking

US and allies confrontation with Russia and China on scale never seen since Cold War

The shooting last July down of Malaysia Airlines flight MH17 over eastern Ukraine, where government forces have been fighting pro-Russian separatist rebels, was a reminder of the dangers to civil aircraft flying over contested air space. NATO said earlier this month that its jets had scrambled more than 400 times this year as Russian air force jets approached its air space, twice the level from 2013

23 December 2014 | 7:58AM |

Stocks

U.S. existing home sales hit six-month low

WASHINGTON: U.S. home resales tumbled to a six-month low in November after two straight months of strong increases, underscoring the uneven nature of the housing market recovery.

23 December 2014 | 7:50AM |

Exminister Kudrin warns of fullfledged crisis in Russia

MOSCOW: Russia's government has pushed the country into an economic crisis by not tackling its financial problems fast enough, former finance minister Alexei Kudrin said on Monday, as evidence mounted of trouble spreading through the economy.

23 December 2014 | 7:43AM |

Stocks

Equity markets worldwide higher, ECB stimulus hints

NEW YORK: Equity markets worldwide pushed higher on Monday after rising expectations for more European stimulus supported shares in the region, while year-end buying helped push the S&P 500 and the Dow industrials to a record close.

23 December 2014 | 7:26AM |

Stocks

Japanese businessmen walk past an electric quotation board flashing share prices of the Tokyo Stock Exchange. The Nikkei 225 index was up 13.74 points to 17,635 yesterday in Tokyo. –  AFP

Bursa rebounds in line with region

PETALING JAYA: Equity markets across Asia jumped, led by a sharp rebound on Bursa Malaysia, as buyers waded in to pick up battered stocks after a heavy sell-off by foreign investors last week brought valuation down to attractive levels.

23 December 2014 | 12:00AM |

Stocks

Salcon’s 50% JV secures RM470mil sewerage contract

PETALING JAYA: Water facilities and sewerage player Salcon Bhd and its 50% partner Loh & Loh Constructions Sdn Bhd have been awarded an RM470mil sub-contract from MMC Corp Bhd for a centralised sewage treatment plant project.

23 December 2014 | 12:00AM |

Stocks

Dialog’s participation in Rapid EPCC project lauded, 'buy';NTPM 'neutral'

DIALOG Group Bhd’s subsidiary Dialog Equity (Two) SB had inked a shareholders agreement with PRPC Utilities and Facilities Sdn Bhd and Vopak Terminal Pengerang BV to develop a RM6.3bil project for the handling, storing and distribution of crude oil and petrochemical feedstock/products to and from Refinery and Petrochemical Integrated Development (Rapid).

23 December 2014 | 12:00AM |

Analyst Reports

Azmi set to join Prasarana next month

PETALING JAYA: Land Public Transport Commission (SPAD) chief development officer Azmi Abdul Aziz will be rejoining Prasarana Malaysia Bhd as its group managing director effective Jan 1, 2015.

23 December 2014 | 12:00AM |

Stocks

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