Business

An aerial view of Pusat Bandar Damansara. The nine office blocks will be built in an area that currently houses office buildings that used to have Government agencies such as the Immigration Department as tenants.

New benchmark; developer selling 9 blocks of office space

PETALING JAYA: There is no shortage of takers for one million sq ft of office space coming onstream in Pusat Bandar Damansara at prices that are setting a new benchmark in the area despite the soft demand for this category of property.

Challenging year for palm oil industry

PETALING JAYA: Boustead Plantations Bhd sees a “challenging” year ahead for the palm oil industry and that crude palm oil (CPO) prices could decline further in the second half of the year. Vice-chairman Tan Sri Lodin Wok Kamaruddin said the price was hovering around RM2,200 per tonne now.

Brahim unit secures catering extension deal with Malaysia Airlines

PETALING JAYA: Brahim’s Airline Catering Sdn Bhd (BAC) has entered into an extension agreement (EA) with Malaysia Airlines (MAS) which extends its new catering agreement (NCA) cut off date to April 30.

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Perodua to reduce car prices up to 1.6% under GST

KUALA LUMPUR: Perusahaan Otomobil Kedua Sdn Bhd (Perodua) will reduce its vehicle prices by between 0.1% and 1.6% depending on the models with the implementation of the Goods and Services Tax (GST) on Wednesday.

1 April 2015 | 6:53PM |

Automotive

Flight bans could affect AirAsiaX

Bangkok: Thai AirAsiaX could lose some 150,000 passengers this year if Japan does not allow it to begin flights to Sapporo from July 1, chief executive Nadda Buranasiri said.

1 April 2015 | 7:06AM |

Airlines

MoF scraps plan to sell Edra

PETALING JAYA: The Finance Ministry (MoF) has shelved plans for the potential sale of 1Malaysia Development Bhd (1MDB)-owned power firm Edra Global Energy Bhd, according to a statement issued by CIMB Group Holdings Bhd.

2 April 2015 | 12:00AM |

Stocks

Farid: Ringgit should trade at 3.30 to US dollar

SINGAPORE: The ringgit should be trading at 3.30 to the US dollar, if one were to take into account the country’s reserves and the difference between the spot forward rates, said Malayan Banking Bhd (Maybank) group president and chief executive officer Datuk Abdul Farid Alias. He said that liquidity flow, alongside greed and fear, had caused the ringgit to trade at the 3.70 level.

1 April 2015 | 12:00AM |

Banking

Boustead Plantations to expand landbank

PETALING JAYA: Boustead Plantations Bhd will expand its landbank by another 20 per cent within two to three years from the current 83,400 hectares, says vice chairman, Tan Sri Lodin Wok Kamaruddin.

1 April 2015 | 3:35PM |

Plantations

EU lays groundwork to file antitrust charges against Google

NEW YORK: Europe's competition regulator is preparing the groundwork to file charges against Google Inc in the antitrust investigation over the next few weeks, the Wall Street Journal reported on Wednesday, citing a person familiar with the matter.

2 April 2015 | 8:57AM |

Stocks

CIMB Research maintains Reduce on BAT

KUALA LUMPUR: CIMB Equities Research has reduced its earnings forecast for British American Tobacco (M) Bhd (BAT) as it lowers the earnings outlook and sales volume following the hike in selling prices with the implementation of the Goods and Services Tax (GST).

2 April 2015 | 8:22AM |

Analyst Reports

Solid second quarter start for Euro stocks

LONDON: European stocks and the dollar made solid starts to the second quarter on Wednesday as signs of a recovery in the euro zone and expectations of more good U.S. news cheered investors after their blowout last few months.

2 April 2015 | 7:00AM |

Stocks

Indian firms mock gender diversity as boardroom deadline passes

NEW DELHI: Corporate India has made a mockery of an order to appoint women directors by recruiting wives, daughters and even stepmothers, analysts said on Wednesday as the deadline set by regulators for boosting gender diversity in the boardroom passed.

2 April 2015 | 6:56AM |

Stocks

Oil jumps on smaller-than-feared US stock build

NEW YORK: Oil rallied on Wednesday for the first time in four days after weekly U.S. stock builds turned out to be less than some feared, and negotiators missed a deadline on Iranian nuclear talks that might bring more supply to the market.

2 April 2015 | 6:52AM |

Oil & Gas

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