Business

1MDB audited assets worth RM51.4b

KUALA LUMPUR: The total worth of 1Malaysia Development Bhd (1MDB) audited assets for the financial year ended March 31, 2014 was RM51.4 billion, the Dewan Rakyat was told on Wednesday.

Probe on 1MDB's BSI account

KUALA LUMPUR: Bank Negara has handed over the investigative findings on 1Malaysia Development Bhd’s (1MDB) controversial investment in BSI Bank Ltd in Singapore to the relevant enforcement agencies.

Kwasa Land launches another 2 projects for Bumiputera category

KUALA LUMPUR: Kwasa Land Sdn Bhd has launched another two residential projects for selected pre-qualified Bumiputera developers.

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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.

26 May 2015 | 12:00AM |

Stocks

Puzzling delay of PAC letter to 1MDB

PETALING JAYA: 1Malaysia Development Bhd (1MDB) revealed it only received the letter from the Public Accounts Committee (PAC) asking its current and former top executives to attend an inquiry into the affairs of 1MDB more than two weeks after it was mailed to the Finance Ministry (MOF).

27 May 2015 | 12:00AM |

Stocks

Nexgram in talks with 1MDB, eyeing last available land at TRX

KUALA LUMPUR: Nexgram Holdings Bhd is eyeing the last available acres of land at 1MDB’s Tun Razak Exchange. “Our managers and agents are in talks with 1MDB and have voiced our interest to participate in the development of the project,” its executive director Alan How Han Lun told reporters

27 May 2015 | 12:00AM |

Property

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.

26 May 2015 | 12:00AM |

Stocks

Zeti: ‘Greater awareness of the value proposition of Labuan IBFC is reflected in the double-digit growth in registration of Labuan companies.’

More companies to register with Labuan

KUALA LUMPUR: Steady Asia-Pacific economic growth, together with regional connectivity, will see more companies registering with the Labuan International Business and Financial Centre (Labuan IBFC). The offshore financial centre expects an 8%-9% increase in companies registering for the financial year ending Dec 31, 2015.

27 May 2015 | 12:00AM |

Banking

Asean businesses need Asean strategy, says Zeti

KUALA LUMPUR: While the future for ASEAN looks promising, ASEAN businesses, including small and medium enterprises (SMEs), need to consider and explore an ASEAN strategy, said Bank Negara Malaysia Governor Tan Sri Dr Zeti Akhtar Aziz on Wednesday.

27 May 2015 | 5:17PM |

Asean businesses need Asean strategy, says Zeti

KUALA LUMPUR: While the future for ASEAN looks promising, ASEAN businesses, including small and medium enterprises (SMEs), need to consider and explore an ASEAN strategy, said Bank Negara Malaysia Governor Tan Sri Dr Zeti Akhtar Aziz on Wednesday.

27 May 2015 | 5:17PM |

RM50m soft loan for Chinese SMEs, says Wee

KUALA LUMPUR: A RM50 million soft loan fund will be launched next month to help Chinese small and medium entrepreneurs (SME) expand their business, says Minister in the Prime Minister's office Datuk Wee Ka Siong said on Wednesday.

27 May 2015 | 3:57PM |

Business News

Research firms maintain Hold on FGV

KUALA LUMPUR: Research firms are still maintaining their "hold" call on Felda Global Ventures Holdings Bhd (FGV) despite a slow down in its first quarter results ended March 31, 2015.

27 May 2015 | 2:57PM |

Business News

Dutch Lady targets RM1b revenue (Update)

PETALING JAYA: Dutch Lady Milk Industries Bhd, expects to maintain its revenue target of RM1 billion for this year with the introduction of two new products, says Managing Director Saw Chooi Lee.

27 May 2015 | 2:41PM |

Business News

Oil rebounds, US crude stocks in focus

SINGAPORE: Crude futures rose on Wednesday to recover some ground after steep drops in the previous session, boosted by expectations that US crude stocks could fall for a fourth straight week.

27 May 2015 | 2:29PM |

Business News

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