Business

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.

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.

Grand-Flo upbeat on property development

PETALING JAYA: Property development is expected to provide half of Grand-Flo Bhd’s revenue this year, compared with a 20% contribution in 2014.

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Malaysian stocks continue downtrend

PETALING JAYA: Bucking the trend of Asian markets that were generally on an uptrend, the FTSE Bursa Malaysia KL Composite Index (FBM KLCI) continued its downtrend, as it shed another 20.12 points or 1.13% to close at 1,767.38 points yesterday on the back of rising political undercurrents in the market. While global investors were net purchasers of Asian equity last week, they continued to be net sellers of Malaysian equity.

26 May 2015 | 12:00AM |

Stocks

Bumi Armada unit faces RM113m claim

KUALA LUMPUR: Bumi Armada Bhd’s unit is facing a claim of 28.5mil euros (RM113mil) from SEA Srl over a service contract for the post trenching and backfilling services.

26 May 2015 | 10:02AM |

Corporate News

EPF i-Akaun usage increases 100%

KUALA LUMPUR: The usage of i-Akaun, an online facility to check Employees Provident Fund (EPF) savings, has increased to over 100% in the first quarter ended March 31.

25 May 2015 | 6:10PM |

Business News

Accounting grads get head start to professional qualifications

KUALA SELANGOR: Towards meeting Malaysia's requirement for 60,000 qualified accountants by 2020, two memoranda of understanding (MoU) were exchanged today between Talent Corporation Malaysia Bhd TalentCorp), Universiti Teknologi MARA (UiTM) and two professional accounting bodies - CPA Australia and the Chartered Institute of Management Accountants (CIMA).

25 May 2015 | 4:21PM |

Business News

IFCA MSC rebounds after CFO appointed

KUALA LUMPUR: IFCA MSC Bhd shares and warrants staged a rebound on Tuesday after the company announced the appointment of a new chief financial officer (CFO).

26 May 2015 | 11:39AM |

Markets

Market sentiment takes a hit as Tenaga slumps

KUALA LUMPUR: Malaysia’s blue chips index, the FBM KLCI, closed down more than 20 points on Monday as market sentiment took a hit on worries Tenaga Nasional may buy 1MDB’s power assets at lofty prices.

25 May 2015 | 5:17PM |

Market Wrap

Largest drop: Tourists visit Singapore’s famous Merlion in front of the skyline of the city’s financial business district. The city state’s headline CPI has been falling on a year-on-year basis since November, dragged down by a slide in global oil prices in the second half of last year as well as falls in housing rents and private road transport costs. – AFP

Singapore CPI drop biggest in five years

SINGAPORE: Singapore’s consumer prices recorded their biggest year-on-year drop in five years in April, an outcome analysts said could open the way to further monetary easing if economic growth disappoints later this year.

26 May 2015 | 12:00AM |

Economy

Emico share price to strengthen in short term

KUALA LUMPUR: A futile attempt to recover in August last year triggered a fresh bout of selling, which witnessed Emico Holdings Bhd shares falling to a three-year low of 17 sen in a four-month correction process amid extended profit-taking.

26 May 2015 | 12:55PM |

Technicals

Samsung to merge two major units

Samsung Group announced the merger of two major affiliates, as the South Korean business giant accelerates restructuring efforts ahead of a generational power transfer within the founding Lee family.

26 May 2015 | 12:40PM |

Corporate News

M'sia able to provide range of halal services

XI'AN: Malaysia can provide the complete range of globally recognised halal services embracing food production and processing to halal product traceability, said Agriculture and Agrobased Industry Minister, Datuk Seri Ismail Sabri Yaakob.

26 May 2015 | 12:32PM |

Business News

IFCA MSC rebounds after CFO appointed

KUALA LUMPUR: IFCA MSC Bhd shares and warrants staged a rebound on Tuesday after the company announced the appointment of a new chief financial officer (CFO).

26 May 2015 | 11:39AM |

Markets

Singapore economy grows 2.6% in Q1

SINGAPORE: The Singapore economy grew by 2.6% on a year-on-year basis in the first quarter of 2015, faster than the 2.1% growth in the preceding quarter, said the Ministry of Trade and Industry (MTI).

26 May 2015 | 11:19AM |

Business News

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