Business

Weak results limiting a strong rebound on Bursa Malaysia

PETALING JAYA: Corporate earnings setbacks, mixed with lingering worries over the economy, are limiting a strong rebound on Bursa Malaysia as investors become increasingly wary about profit growth outlook.

Are you living in excess? Moderation brings balance to your finance

I had a first-hand experience of excess during my recent visit to Hong Kong. Much as I enjoyed myself going to expensive restaurants and high-end social scenes, I felt this sort of everyday lifestyle was too financially sinful for me and was certainly unnecessary.

Is oil on the rebound?

An uptrend in price of crude raises expectations

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CPO futures climb to highest since mid January

KUALA LUMPUR: Crude palm oil (CPO) for third month delivery rose to a high of RM2,361 on Monday – highest since Jan 15 – on expectations trading in the contracts after direct access was extended to US investors.

2 March 2015 | 3:45PM |

Markets

Bursa Malaysia reprimands two dealers

KUALA LUMPUR: Bursa Malaysia Securities Bhd has publicly reprimanded, fined and suspended Hon Sook Yin and Ang Kian Chuan for engaging in manipulative dealing activities in Notion Vtec Bhd.

2 March 2015 | 6:57PM |

Corporate News

Khazanah to disburse up to RM1.6bil within three months to MAS

PETALING JAYA: National sovereign fund Khazanah Nasional Bhd is scheduled to disburse up to RM1.6bil within the next three months to Malaysia Airlines (MAS) as part of the second phase of its conditional investment funding totalling RM6bil to completely overhaul the national carrier.

2 March 2015 | 11:56AM |

Airlines

Samsung unveils sleek new Galaxy phones to take on Apple

SEOUL/BARCELONA: Samsung Electronics Co Ltd unveiled its latest Galaxy S smartphones featuring a slim body made from aircraft-grade metal, in a bid to reclaim the throne of undisputed global smartphone leader from Apple Inc.

2 March 2015 | 8:43AM |

Telcos

MISC, Astro, SKPetro drag KLCI into the red

KUALA LUMPUR: MISC, Astro and SapuraKencana Petroleum dragged the FBM KLCI into the red at the close on Monday as declining stocks beat advancers nearly two to one but the bright spots were CI Holdings and Public Bank.

2 March 2015 | 5:47PM |

Markets

Wellcall ED resigns for health reasons

KUALA LUMPUR: Hose manufacturer Wellcall Holdings Bhd’s executive director Chew Chee Chek, 44, has stepped down due to personal health reasons after being appointed to the board on April 17, 2006.

2 March 2015 | 4:21PM |

Corporate News

Herbalife cuts 36% of CEO salary over missed targets

BOSTON: Herbalife Ltd cut the pay of chief executive Michael Johnson 36% for 2014 after the nutrition and weight loss company failed to meet performance goals set for him and other top executives, according to a securities filing last Friday.

2 March 2015 | 12:00AM |

Stocks

Maybank IB appoints deputy CEO

KUALA LUMPUR: Maybank Investment Bank has appointed Fad’l Mohamed as its deputy chief executive officer effective Monday.

2 March 2015 | 3:30PM |

Banking

Singapore says no delay in RTS link to Malaysia decision

SINGAPORE: Singapore has refuted a claim that it has been delaying decision on alignment for the Rapid Transit System (RTS) link, saying it has yet to receive an official confirmation of the location of Malaysia’s RTS terminus in Johor Baru.

2 March 2015 | 12:00AM |

Stocks

Bursa Malaysia reprimands two dealers

KUALA LUMPUR: Bursa Malaysia Securities Bhd has publicly reprimanded, fined and suspended Hon Sook Yin and Ang Kian Chuan for engaging in manipulative dealing activities in Notion Vtec Bhd.

2 March 2015 | 6:57PM |

Corporate News

Willowglen gets RM9.9mil contract

KUALA LUMPUR: Willowglen MSC Bhd has bagged a RM9.91mil job from SP PowerAssets Limited, Singapore for the extension of remote monitoring and control facilities to part of the remaining distribution network consisting Of 1,000 6.6KV substations.

2 March 2015 | 6:06PM |

Corporate News

MISC, Astro, SKPetro drag KLCI into the red

KUALA LUMPUR: MISC, Astro and SapuraKencana Petroleum dragged the FBM KLCI into the red at the close on Monday as declining stocks beat advancers nearly two to one but the bright spots were CI Holdings and Public Bank.

2 March 2015 | 5:47PM |

Markets

Wellcall ED resigns for health reasons

KUALA LUMPUR: Hose manufacturer Wellcall Holdings Bhd’s executive director Chew Chee Chek, 44, has stepped down due to personal health reasons after being appointed to the board on April 17, 2006.

2 March 2015 | 4:21PM |

Corporate News

CPO futures climb to highest since mid January

KUALA LUMPUR: Crude palm oil (CPO) for third month delivery rose to a high of RM2,361 on Monday – highest since Jan 15 – on expectations trading in the contracts after direct access was extended to US investors.

2 March 2015 | 3:45PM |

Markets

Maybank IB appoints deputy CEO

KUALA LUMPUR: Maybank Investment Bank has appointed Fad’l Mohamed as its deputy chief executive officer effective Monday.

2 March 2015 | 3:30PM |

Banking

Moody's releases Asian oil and gas compendium

KUALA LUMPUR: Moody’s Investors Service has just released its Asian oil and gas compendium, entitled “Credit impact of lower oil prices” which brings together a suite of research that analyses the credit impact of lower oil prices on corporates and sovereigns in the Asia-Pacific region.

2 March 2015 | 2:06PM |

Corporate News

Asian markets mostly higher on Greek debt deal

TOKYO: Asian stocks were mostly higher on Monday morning as investors cheered a last-minute deal to extend Greece’s bailout by four months, giving Athens a lifeline to pay its bills and avoid a damaging default.

2 March 2015 | 1:53PM |

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