Business

Zeti: No one single entity will pose systemic risk

PUTRAJAYA: Bank Negara will not allow any “systemic” effect from an individual company to impact the country’s economy, according to governor Tan Sri Dr Zeti Akhtar Aziz.

Microsoft store in Boston. Microsoft’s flagship Windows business has been under pressure for three years as PC sales have declined. — AP

Sluggish PC sales dampen demand for Windows software

SEATTLE: Microsoft Corp reported a fall in its quarterly profit that was in line with Wall Street forecasts, as sluggish personal computer sales dampened demand for Windows software and the company struggled with the impact of the strong US dollar.

Khairil: ‘We still need to do a lot of education and increase our headcount.’

Axiata unit eyes digital advertising market

KUALA LUMPUR: Axiata Digital Advertising, a subsidiary of Axiata Group Bhd, is looking to tap the growing digital advertising market within Asia-Pacific.

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1MDB seeking another loan extension

Kuala Lumpur: 1Malaysia Development Bhd (1MDB) is planning to seek another one-month extension on a RM2bil loan to give it more time to sell a stake in its energy unit, sources said.

28 January 2015 | 12:00AM |

1MDB

Integrax's Amin, fighting a takeover, proposes 15 sen dividend

PETALING JAYA: Amin Halim Rasip, the single largest shareholder of Integrax Bhd, has proposed to the company’s board to increase the dividend payment to shareholders for this quarter, to take advantage of the RM154mil cash in the company’s coffers.

28 January 2015 | 12:00AM |

Integrax

Change in Bursa listing rules

PETALING JAYA: Bursa Malaysia will be amending some of its Main and ACE market listing requirements in an effort to promote business efficacy and enhance market quality.

27 January 2015 | 12:00AM |

Bursa

Oil jumps on weaker dollar

NEW YORK: Oil jumped as much as 3 percent on Tuesday as a weak dollar propped up commodities, but crude prices came off their highs in post-settlement trading on signs of another big U.S. supply build last week.

28 January 2015 | 7:53AM |

Oil & Gas

Petronas to prioritise spending, shelve high-risk ventures

KUCHING: Petroliam Nasional Bhd (Petronas) will prioritise its spending and put on hold higher-risk ventures, as the current low crude oil prices might persist, said vice-president of the technical global upstream business Mazuin Ismail.

28 January 2015 | 12:00AM |

Petronas

Maybank and Hong Leong lead KLCI lower at midday

KUALA LUMPUR: The KLCI lost five points at midday on Wednesday with Maybank and Hong Leong leading the market lower, following the negative cue from Wall Street where the Dow plunged 1.7% overnight and investors awaited of the Fed’s FOMC meeting to see if rates would be hiked.

28 January 2015 | 1:02PM |

Stocks

China stocks extend slide, Hong Kong edges up

SHANGHAI: China stocks fell on Wednesday on concerns about tighter liquidity and a fresh slide in oil prices, but Hong Kong managed to eke out gains as telecommunications counters climbed.

28 January 2015 | 12:49PM |

Forex

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