Business

Record prices for apartments in Malaysia

PETALING JAYA: The Pavilion group is setting a record of sorts as it has priced its high-rise serviced residential units of its latest project – the Pavilion Suites – along Jalan Bukit Bintang starting from RM3,000 per sq ft.

Gem of a portal: Kon Sean (seated 3rd from right) posing with employees of the online store.

Billionaire Quek's son starts online shopping portal

PETALING JAYA: Quek Kon Sean, the youngest son of billionaire Tan Sri Quek Leng Chan of the Hong Leong Group, has founded GEMFive, an online shopping portal that he plans to take into the regional digital space, targeting Singapore and Indonesia next.

Bank rate cut not expected this year says economists

PETALING JAYA: Strengthening crude oil prices and stable external demand may stay the hand of Bank Negara policymakers on a rate cut this year.

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Operations at the Kemaman plant had halted since August 2013 and the restarting of the operations here will bode well for Perwaja.

Perwaja, Kinsteel shares soar with plant revival plan

PETALING JAYA: Steelmaker Perwaja Holdings Bhd’s shares soared 50% or 8.5 sen to 25.5 sen yesterday after it formalised the agreement with China’s Zhiyuan Investment Group Co Ltd to revive its Kemaman Plant in Terengganu.

6 May 2015 | 12:00AM |

Stocks

Interest rate cut impact

PETALING JAYA: Banking margins could be negatively impacted if the central bank decides to cut the overnight policy rate (OPR), should economic growth comes in weaker than expected.

5 May 2015 | 12:00AM |

Banking

AirAsia inks agreement benefitting 20 local universities

KUALA LUMPUR: AirAsia Bhd today signed a memorandum of agreement (MoA) with 20 local public universities to enable their 650,000 staff members and students to travel more affordably and conveniently under the AirAsia 'Waran Perjalanan Udara Awam'(WPUA) programme.

5 May 2015 | 3:24PM |

Corporate News

IJM eyeing 1MDB's power generation assets

PETALING JAYA: IJM Corp Bhd former chief executive officer and managing director Datuk Teh Kean Ming (pic) leaves a diversified group that has its finger in several pies, from construction to ports and plantations, with all five of its core business units moving full steam ahead.

5 May 2015 | 12:00AM |

Stocks

UEM Sunrise makes Roslan COO of development

PETALING JAYA: UEM Sunrise Bhd has promoted Datuk Roslan Ibrahim to take over the role of chief operating officer in charge of development (COOD) effective Sept 1, as the property developer seeks to boost slacking sales.

6 May 2015 | 12:00AM |

Property

Greece blows hot and cold in race to avert cash crunch

ATHENS/BRUSSELS: Greece blew hot and cold with its euro zone partners on Tuesday as it struggled to avert a potentially catastrophic funding crunch this month, when it must make a big debt repayment to the IMF as cash reserves dry up.

6 May 2015 | 6:39AM |

Economy

MAHB reviews claims

SEPANG: Malaysia Airports Holdings Bhd (MAHB) is reviewing its claims and counter-claims following the imposed liquidated and ascertained damages (LAD) on UEM-Bina Puri joint venture (JV) who were the contractors for the terminal building of KLIA2

6 May 2015 | 12:00AM |

Airlines

Greece blows hot and cold in race to avert cash crunch

ATHENS/BRUSSELS: Greece blew hot and cold with its euro zone partners on Tuesday as it struggled to avert a potentially catastrophic funding crunch this month, when it must make a big debt repayment to the IMF as cash reserves dry up.

6 May 2015 | 6:39AM |

Economy

Operations at the Kemaman plant had halted since August 2013 and the restarting of the operations here will bode well for Perwaja.

Perwaja, Kinsteel shares soar with plant revival plan

PETALING JAYA: Steelmaker Perwaja Holdings Bhd’s shares soared 50% or 8.5 sen to 25.5 sen yesterday after it formalised the agreement with China’s Zhiyuan Investment Group Co Ltd to revive its Kemaman Plant in Terengganu.

6 May 2015 | 12:00AM |

Stocks

Scanwolf gets 2nd UMA query

PETALING JAYA: Scanwolf Corp Bhd has been slapped with a second unusual market activity (UMA) query this year after its share price surged to a high of 92.5 sen yesterday.

6 May 2015 | 12:00AM |

Stocks

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