Business

Deal sealed: Shahril (left) and Abdul Farid exchanging documents after the signing ceremony.

SapKen refinances debt

KUALA LUMPUR: SapuraKencana Petroleum Bhd (SapKen) will issue debt papers next week, starting with a US$200mil (RM845.8mil) Islamic medium-term note (MTN) programme, as part of a move to refinance a US$2.3bil facility that comes due next February.

Securities Commission chairman Datuk Ranjit Ajit Singh (fifth from left) at the release of the SCs 2014 annual report on March 5, 2014

Fund-raising activities to slow down this year

KUALA LUMPUR: The Securities Commission (SC) expects fund raising activities in the bonds and stock market to slow down to RM75bil in 2015, down from an average of RM90bil a year seen the past few years.

New initiatives: Wong and Thavaramara after the interview. Wong says funds that are offered in one Asean jurisdiction should be all right to sell in another, with minimum regulatory obstacles.
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11 Asean funds approved

KUALA LUMPUR: A total of 11 funds from Malaysia, Singapore and Thailand have been approved by the respective regulators as qualifying Asean Collective Investment Schemes (Asean CIS) under the respective frameworks.

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No more excuses for MAB not to deliver

IT was a massive cut that not many had expected, as eventually, Malaysia Airlines (MAS) would have laid off more than half of its workforce despite it having been done in stages.

4 September 2015 | 12:00AM |

Airlines

New landmark: An artist’s impression of Agile Mont Kiara, a 10-acre freehold residential development by Agile Real Estate.

China developer to launch RM1.2bil project

PETALING JAYA: Hong Kong Stock Exchange-listed Agile Property Holdings Ltd is proving that there is good demand for Mont Kiara living by building a RM1.2bil residential project there.

3 September 2015 | 12:00AM |

agile

Bursa Securities queries Caring Pharmacy

KUALA LUMPUR: Caring Pharmacy’s recent rise in share price has caught the attention of Bursa Malaysia Securities which queried the pharmacy company on Friday.

4 September 2015 | 11:11AM |

Markets

CEO: AirAsia India to be profitable next year

KUALA LUMPUR: AirAsia India, which posted a net loss of Rs44.15 crore (RM28mil) will be profitable from December onwards, AirAsia Bhd group chief executive officer Tan Sri Tony Fernandes said.

4 September 2015 | 12:00AM |

Air Asia

Global stock selloff hits ringgit

KUALA LUMPUR: Malaysia’s ringgit fell the most in a week amid a global selloff in equities and as energy prices slumped on signs China’s economy is slowing.

3 September 2015 | 12:00AM |

ringgit

MAB keeps 9,000 permanent staff

PETALING JAYA: The new Malaysia Airlines Bhd (MAB) has hired only 9,000 of its employees on permanent contracts. Another 4,000 employees of MAB are on short-term contracts.

3 September 2015 | 12:00AM |

malaysia airlines

Muhibbah, Favco in focus but KLCI in the red

KUALA LUMPUR: Muhibbah Engineering and its associate Favelle Favco were among the top gainers in early Friday trade but the overall market was weaker with the FBM KLCI down nearly six points.

4 September 2015 | 9:41AM |

Markets

Bursa Securities queries Caring Pharmacy

KUALA LUMPUR: Caring Pharmacy’s recent rise in share price has caught the attention of Bursa Malaysia Securities which queried the pharmacy company on Friday.

4 September 2015 | 11:11AM |

Markets

Muhibbah, Favco in focus but KLCI in the red

KUALA LUMPUR: Muhibbah Engineering and its associate Favelle Favco were among the top gainers in early Friday trade but the overall market was weaker with the FBM KLCI down nearly six points.

4 September 2015 | 9:41AM |

Markets

AirAsia on track with turnaround plans

KUALA LUMPUR: AirAsia group is on track with its turnaround plans and fund raising exercise for both Indonesia and Philippines units, according to Public Invest Research.

4 September 2015 | 8:38AM |

Airlines

Wall Street rises in volatile session ahead of jobs data

NEW YORK: U.S. stocks ended slightly higher on Thursday as investors, on edge after recent turmoil in China's markets, looked toward a key U.S. jobs report that may figure in the Federal Reserve's decision about when to lift interest rates.

4 September 2015 | 7:58AM |

Markets

Oil up modestly on volatile Wall Street

NEW YORK: Oil prices inched higher on Thursday in see-saw trade, tracking gains in Wall Street equities for a second straight day despite a weekly build in U.S. crude inventories that weighed on the outlook for oil.

4 September 2015 | 7:56AM |

Markets

VW's unassuming CFO emerges from boardroom wars as chairman

FRANKFURT: Austrian Hans Dieter Poetsch, Volkswagen AG's finance chief, faces a massive task in his future role as chairman - to maintain the support of the often divided stakeholders who have chosen to back him while improving the carmaker's profitability.

4 September 2015 | 7:53AM |

Automotive

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