Business

Oil and gas stocks hit by impairments and narrow margins

PETALING JAYA: The fall in oil prices was clearly felt by oil and gas (O&G) companies in the recent results season, where most had to provide for assets that were lower in value based on the latest outlook for the industry and narrowing margins.

Investors expected to stay on sidelines of local stock market

PETALING JAYA: Local retail investors are likely to remain on the sidelines this week after staying on the sidelines last week despite foreign institutional investors flocking back to the market last Friday.

Wahid says following the adjustments, the Government will benefit should a project receive ‘super normal’ returns.

Changes to PPP financing

KUALA LUMPUR: The Government will make the necessary adjustments to the private-public partnership (PPP) financing model that is routinely used to finance mega projects, said Minister in the Prime Minister’s Department Datuk Seri Abdul Wahid Omar.

  • previous
  • 1
  • 2
  • 3
  • next
  • Top Stories
  • Latest

Transparency International calls for high-level panel over IMDB issue

KUALA LUMPUR: Transparency International Malaysia (TI-M) has urged the Government to set up a special high level task force to conduct a full investigation into the numerous allegations of a “massive billion ringgit financial and commercial crime scandal” involving 1Malaysia Development Bhd (1MDB) and “a little-known oil company”.

3 March 2015 | 4:05PM |

Corporate News

CI Holdings extends gains after hitting limit-up

KUALA LUMPUR: C.I. Holdings Bhd’s share price extended its gains on Tuesday after hitting limit-up the previous on expectations of a positive corporate exercise, boosted by the sharp improvement in its financial results.

3 March 2015 | 11:22AM |

Corporate News

Oil prices rise as global markets firm

SINGAPORE: Brent crude futures rose above $60 a barrel on Tuesday, after a sharp drop in the previous session on record U.S. stocks, as firm Asian markets supported prices.

3 March 2015 | 12:45PM |

Oil & Gas

CIMB, Mitsubishi Corp launch Asean Industrial Growth Fund

KUALA LUMPUR: CIMB Group and Mitsubishi Corporation have launched the Asean Industrial Growth Fund (AIGF), which is a jointly-sponsored southeast Asia-focused private equity fund to be managed by CIMB Private Equity and Mitsubishi.

3 March 2015 | 4:21PM |

Markets

Malaysia can be Asian hub for easier access to funds by SMEs (Update)

PETALING JAYA: With the Securities Commission spearheading the move to regulate equity crowdfunding (ECF) platforms, Malaysia has the opportunity to become the micro investment financial centre in Asia by allowing small and medium enterprises (SMEs) and startups better access to funds for growth.

2 March 2015 | 12:00AM |

Stocks

Stronger earnings growth ahead for Westports

KUALA LUMPUR: Alliance DBS Research has initiated coverage of Westports Holdings Bhd -- the nation’s largest container port and controls 38% of Malaysia’s container traffic -- with a Buy and target price of RM3.85.

3 March 2015 | 11:40AM |

Analyst Reports

Herbalife cuts 36% of CEO salary over missed targets

BOSTON: Herbalife Ltd cut the pay of chief executive Michael Johnson 36% for 2014 after the nutrition and weight loss company failed to meet performance goals set for him and other top executives, according to a securities filing last Friday.

2 March 2015 | 12:00AM |

Stocks

KLCI up nearly 6 points at midday

KUALA LUMPUR: The FBM KLCI ended the morning session firmer despite the mostly weaker regional markets, however the broader market was seen weaker due to lack of fresh new leads.

3 March 2015 | 12:53PM |

CIMB, Mitsubishi Corp launch Asean Industrial Growth Fund

KUALA LUMPUR: CIMB Group and Mitsubishi Corporation have launched the Asean Industrial Growth Fund (AIGF), which is a jointly-sponsored southeast Asia-focused private equity fund to be managed by CIMB Private Equity and Mitsubishi.

3 March 2015 | 4:21PM |

Markets

Transparency International calls for high-level panel over IMDB issue

KUALA LUMPUR: Transparency International Malaysia (TI-M) has urged the Government to set up a special high level task force to conduct a full investigation into the numerous allegations of a “massive billion ringgit financial and commercial crime scandal” involving 1Malaysia Development Bhd (1MDB) and “a little-known oil company”.

3 March 2015 | 4:05PM |

Corporate News

KLCI up nearly 6 points at midday

KUALA LUMPUR: The FBM KLCI ended the morning session firmer despite the mostly weaker regional markets, however the broader market was seen weaker due to lack of fresh new leads.

3 March 2015 | 12:53PM |

Oil prices rise as global markets firm

SINGAPORE: Brent crude futures rose above $60 a barrel on Tuesday, after a sharp drop in the previous session on record U.S. stocks, as firm Asian markets supported prices.

3 March 2015 | 12:45PM |

Oil & Gas

Australia central bank holds rates at 2.25%

SYDNEY: Australia's central bank kept its cash rate steady at a record low of 2.25% on Tuesday, surprising some who had looked for another easing to follow February's cut.

3 March 2015 | 12:06PM |

Banking

Stronger earnings growth ahead for Westports

KUALA LUMPUR: Alliance DBS Research has initiated coverage of Westports Holdings Bhd -- the nation’s largest container port and controls 38% of Malaysia’s container traffic -- with a Buy and target price of RM3.85.

3 March 2015 | 11:40AM |

Analyst Reports

  • Page 1 of 34

Go to page:

advertisement

GST Updates

advertisement

advertisement