Business

Economists: Policymakers need to be committed in view of falling oil prices

PETALING JAYA: Malaysia’s commitment to reforms aimed at reducing the Federal Government’s fiscal deficit is on the radar of investors.

SEB headquarters in Kuching, Sarawak. It will have to build a 40km power transmission line to link Miri and Brunei to facilitate the export of electricity.

SEB-Brunei power deal

KUCHING: Sarawak Energy Bhd (SEB) and Brunei authorities are expected to begin detailed negotiations on the planned exports of renewable energy to the sultanate and a proposal that Brunei comes up with capital investment to jointly develop hydroelectric dam projects in northern Sarawak.

Badlisham: ‘KLIA Aeropolis will be a key economic generator by creating jobs and business and investment opportunities.’

KLIA Aeropolis set to put Malaysia on aviation map

KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) envisages the KL International Airport Aeropolis (KLIA Aeropolis) to position Malaysia as a hub for aviation, aerospace and logistics while also being an engine for tourism growth.

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KLCI slips below 1,800

KUALA LUMPUR: The KLCI opened and stayed in negative territory in Monday morning trade, falling more than 7 points at the break to take the index below the psychological 1,800 level breached on Friday, as profit-taking set in following the strong rally last week.

26 January 2015 | 1:01PM |

Stocks

March Brent crude fell 37 cents to US$48.42 a barrel by 0226 GMT, wiping out light gains made on Friday after the election in Greece saw the opposition party Syriza sweeping to power, adding uncertainty to the market - AFP Photo.

Oil falls after Greek election sends euro tumbling

SINGAPORE: Oil slid in early Asian trade on Monday, with US crude falling close to a six-year low, after Greece's election results heightened uncertainty in the euro zone and depressed the bloc's currency against the dollar.

26 January 2015 | 11:17AM |

Commodities

Two men fish near an oil refinery in Kawasaki, near Tokyo in this file photo. Japan’s trade deficit of US$109bil in 2014 was 11.4% wider than in 2013. However, falling oil prices may briefly return the trade balance to surplus in coming months - Reuters Photo.

Japan trade deficit swells to record in 2014

TOKYO: Japan’s trade deficit swelled to a record US$109bil in 2014, data showed Monday, mostly because of huge post-Fukushima energy bills, but analysts said a recent drop in oil prices would shrink the yawning gap.

26 January 2015 | 12:07PM |

Foreign News

Foreign holdings in local banks likely to drop further

PETALING JAYA: Foreign shareholdings of some Malaysian banks could slip further, impacting valuations amid the weaker ringgit spurred by the decline in crude oil prices and in anticipation of interest rate hikes in the United States, said analysts.

26 January 2015 | 12:00AM |

Banking

Asean to declare single market, says Mustapa

DAVOS: Asean will officially call itself a single market by year’s end, but “big things” like seamless travel within the 10-nation bloc would only come in 2020, Malaysia’s trade minister told AFP in an interview.

26 January 2015 | 12:00AM |

Foreign News

Venezuela currency woes a threat to US firms

BOSTON: Venezuela’s deepening economic troubles, and in particular the weakness of the bolivar and restrictive currency controls, have hurt US corporate profits for the fourth quarter of 2014 and are set to inflict further pain this year.

26 January 2015 | 12:00AM |

Foreign News

Kwasa Land lists 21 developers

KUALA LUMPUR: Kwasa Land Sdn Bhd,the master developer of the iconic Kwasa Damansara township in Sungei Buloh, has named 21 Tier-2 developers who had been successfully pre-qualified for its next Request for Proposal (RFP) R2-1.

26 January 2015 | 1:59PM |

Property

Semicon equipment makers record US$1.366b orders in December

KUALA LUMPUR: North American semiconductor equipment manufacturers posted US$1.366bil in global orders in December 2014, based on a three-month moving average, and the bookings were the highest since August’s US$1.346bil and spending was forecast to remain on track for annual growth.

26 January 2015 | 1:53PM |

Corporate News

KLCI slips below 1,800

KUALA LUMPUR: The KLCI opened and stayed in negative territory in Monday morning trade, falling more than 7 points at the break to take the index below the psychological 1,800 level breached on Friday, as profit-taking set in following the strong rally last week.

26 January 2015 | 1:01PM |

Stocks

Two men fish near an oil refinery in Kawasaki, near Tokyo in this file photo. Japan’s trade deficit of US$109bil in 2014 was 11.4% wider than in 2013. However, falling oil prices may briefly return the trade balance to surplus in coming months - Reuters Photo.

Japan trade deficit swells to record in 2014

TOKYO: Japan’s trade deficit swelled to a record US$109bil in 2014, data showed Monday, mostly because of huge post-Fukushima energy bills, but analysts said a recent drop in oil prices would shrink the yawning gap.

26 January 2015 | 12:07PM |

Foreign News

March Brent crude fell 37 cents to US$48.42 a barrel by 0226 GMT, wiping out light gains made on Friday after the election in Greece saw the opposition party Syriza sweeping to power, adding uncertainty to the market - AFP Photo.

Oil falls after Greek election sends euro tumbling

SINGAPORE: Oil slid in early Asian trade on Monday, with US crude falling close to a six-year low, after Greece's election results heightened uncertainty in the euro zone and depressed the bloc's currency against the dollar.

26 January 2015 | 11:17AM |

Commodities

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