Business

Francis Lau on chicken and eggs

For Leong Hup and Teo Seng, it doesn’t matter whether the chicken or egg came first

Mueller has turned around Sabena and Aer Lingus.

Mueller gets busy

New CEO going around MAS ‘asking the right questions’

Enough electricity supply

Govt has plans in place to prevent energy crisis should power projects be delayed

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The agony of bankers

DURING one of the post-Chinese New Year events, a seasoned banker lamented the plight of banks and bankers these days.

7 March 2015 | 12:00AM |

bank 1mdb

Double dipping

THERE seems no end to scandals involving charities, especially those that espouse the highest standards of integrity.

7 March 2015 | 12:00AM |

governance matters

Life insurance GST-free, says Liam

KUALA LUMPUR: Life insurance is exempted from the goods and services tax (GST) which comes into effect on April 1, says Life Insurance Association of Malaysia (Liam).

7 March 2015 | 12:00AM |

GST

Life insurance GST-free, says Liam

KUALA LUMPUR: Life insurance is exempted from the goods and services tax (GST) which comes into effect on April 1, says Life Insurance Association of Malaysia (Liam).

7 March 2015 | 12:00AM |

GST

Correction time

REVIEW: Bursa Malaysia’s leading indicator, the FBM Kuala Lumpur Composite Index (FBM KLCI) soon retreated into negative territory in the wake of profit-taking activity, despite opening up 1.70 points to 1,822.91 at the start of the week.

7 March 2015 | 12:00AM |

Market Trend

Treasury pulse

DRIVEN by signs of improving momentum in the US economy, expectations for higher US interest rates and Europe’s imminent implementation of stronger stimulus to juice the region’s flat-lining economy, the US dollar held broad gains that have taken it to a fresh 11-year peak.

7 March 2015 | 12:00AM |

treasury pulse

PCB’s cash galore

LATE Friday, Perak Corp Bhd said it planned to use the RM153mil proceeds from its Integrax Bhd share sale for its development projects, without any hint of using any of it for dividends to shareholders. Is this the best way to utilise the windfall?

7 March 2015 | 12:00AM |

perak corp

Icon Offshore was formed as a result of the merger between Tanjung Offshore’s OSV business and Omni Petromaritime Sdn Bhd.

Icon explores M&A amid depressed asset prices

ALTHOUGH Icon Offshore Bhd’s share price has fallen by more than 50% since its initial public offering (IPO) last year, the company is on the lookout for acquisition targets by taking advantage of depressed asset prices, sources say.

7 March 2015 | 12:00AM |

Icon Offshore Bhd

TNB confident of RM3.25 offer price, says CEO

PETALING JAYA: Tenaga Nasional Bhd (TNB) president and chief executive officer Datuk Seri Azman Mohd, whose contract has been extended from July 1 to June 30, 2018, said TNB is confident of privatising Integrax Bhd at an offer of RM3.25 per share.

7 March 2015 | 12:00AM |

TNB

Mudajaya unit buys 46% in PT Harmoni

KUALA LUMPUR: Mudajaya Group Bhd’s wholly-owned unit Mudajaya Power International Sdn Bhd has acquired a 46% stake in PT Harmoni Energy Indonesia.

7 March 2015 | 12:00AM |

mudajaya

International reserves at RM386bil

KUALA LUMPUR: Bank Negara’s international reserves amounted to RM386bil (US$110.5bil) as at Feb 27. The central bank said the reserves position was sufficient to finance 7.9 months of retained imports and was 1.1 times the short-term external debt.

7 March 2015 | 12:00AM |

reserves

MARC suspends rating on Jimah’s sukuk

PETALING JAYA: Malaysian Rating Corp Bhd (MARC) has suspended its AA-IS rating on Jimah East Power Sdn Bhd’s sukuk murabahah programme of up to RM8.4bil.

7 March 2015 | 12:00AM |

MARC

Sunway unit submits IPO application

KUALA LUMPUR: Sunway Construction Group Bhd (SCG), a wholly-owned subsidiary of Sunway Bhd, has submitted an application to be listed on the main market of Bursa Securities, Sunway said in a filing with Bursa Malaysia.

7 March 2015 | 12:00AM |

sunway

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