Business

Hong Leong Bank posts higher earnings

KUALA LUMPUR: Hong Leong Bank Bhd posted higher earnings of nearly RM520mil in the third quarter ended March 31, 2015 underpinned by healthy growth in net interest income, improved asset quality and strong profit contribution from associates.

PUBLIC Accounts Committee (PAC) chairman Datuk Nur Jazlan Mohamed speaks during a press conferences after he a meeting at Parliament today.AZHAR MAHFOF/The star (25/5/2019)

Auditors under scrutiny in 1MDB probe

PETALING JAYA: The auditors of 1Malaysia Development Bhd (1MDB) will now be the focus of the inquiry by the Public Accounts Committee (PAC) after two key witnesses asked for a delay to appear before the committee.

TNB loses RM6bil in value over six days

PETALING JAYA: The mere speculation of purchasing the power assets under 1Malaysia Development Bhd (1MDB) had caused Tenaga Nasional Bhd (TNB) to lose some RM6bil in value over the last six trading days.

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Bumi Armada unit faces RM113m claim

KUALA LUMPUR: Bumi Armada Bhd’s unit is facing a claim of 28.5mil euros (RM113mil) from SEA Srl over a service contract for the post trenching and backfilling services.

26 May 2015 | 10:02AM |

Corporate News

Malaysian stocks continue downtrend

PETALING JAYA: Bucking the trend of Asian markets that were generally on an uptrend, the FTSE Bursa Malaysia KL Composite Index (FBM KLCI) continued its downtrend, as it shed another 20.12 points or 1.13% to close at 1,767.38 points yesterday on the back of rising political undercurrents in the market. While global investors were net purchasers of Asian equity last week, they continued to be net sellers of Malaysian equity.

26 May 2015 | 12:00AM |

Stocks

SMEs to adopt e-Payment services, says BNM

BUTTERWORTH: The National e-Payment Roadshow is aimed at creating greater awareness among small and medium enterprises (SMEs) including micro businesses, to adopt e-payment services, says Bank Negara Malaysia (BNM).

26 May 2015 | 5:05PM |

Business News

IFCA MSC slumps after CFO resigns (Update)

KUALA LUMPUR: IFCA MSC warrants and shares fell to their lowest since mid-April, triggered by rising investor worries following the resignation of its chief financial officer without any news of a fresh appointment.

25 May 2015 | 10:33AM |

Markets

Moody's keep Stable on Malaysia's banking system

SINGAPORE: The outlook of the Malaysian banking system is stable over the next 12 to 18 months due to a continued high degree of government support to the sector as well as bank’s strong capital and stable funding levels, says Moody’s Investors Service (Moody's).

26 May 2015 | 4:57PM |

Business News

AmMetLife Takaful appoints new CEO

KUALA LUMPUR: AmMetLife Takaful Berhad (AmMetLife Takaful) announced that it has received regulatory approval from Bank Negara Malaysia (BNM) to appoint Mohamad Salihuddin Ahmad as its new chief executive officer (CEO) effective 14 May 2015.

26 May 2015 | 4:40PM |

Business News

EPF i-Akaun usage increases 100%

KUALA LUMPUR: The usage of i-Akaun, an online facility to check Employees Provident Fund (EPF) savings, has increased to over 100% in the first quarter ended March 31.

25 May 2015 | 6:10PM |

Business News

SMEs to adopt e-Payment services, says BNM

BUTTERWORTH: The National e-Payment Roadshow is aimed at creating greater awareness among small and medium enterprises (SMEs) including micro businesses, to adopt e-payment services, says Bank Negara Malaysia (BNM).

26 May 2015 | 5:05PM |

Business News

Moody's keep Stable on Malaysia's banking system

SINGAPORE: The outlook of the Malaysian banking system is stable over the next 12 to 18 months due to a continued high degree of government support to the sector as well as bank’s strong capital and stable funding levels, says Moody’s Investors Service (Moody's).

26 May 2015 | 4:57PM |

Business News

AmMetLife Takaful appoints new CEO

KUALA LUMPUR: AmMetLife Takaful Berhad (AmMetLife Takaful) announced that it has received regulatory approval from Bank Negara Malaysia (BNM) to appoint Mohamad Salihuddin Ahmad as its new chief executive officer (CEO) effective 14 May 2015.

26 May 2015 | 4:40PM |

Business News

Lobbying helped kill Australia iron ore inquiry

SYDNEY: Lobbying by big miners helped kill a proposed Australian Senate inquiry into the iron ore industry after allegations they had colluded to depress prices and drive rivals out of business, the senator who had called for the inquiry said on Tuesday.

26 May 2015 | 4:32PM |

Business News

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