Business

Cautious plan

Economists feel that the targets set under 11MP are more realistic.

UEM Sunrise wants to buy more land

PETALING JAYA: UEM Sunrise Bhd will focus on land banking this year with its RM500mil-per-year cash allocation for land acquisition over the next three to four years.

MRT Line 2 has only awarded MMC Corp Bhd and Gamuda Bhd as the project delivery partner of the second rail construction based on its track record for the MRT Line 1.

MRT Line 2 cost estimated at RM28bil

KUALA LUMPUR: The development cost for the second mass rapid transit line (MRT Line 2) is estimated to be at RM28bil, higher than the earlier RM23bil price tag, mainly due to its longer underground length.

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Maxis supports affordable rates

KUALA LUMPUR: Maxis Bhd, telecommunication provider comes out in full support to MCMC chairman Datuk Seri Halim Shafie, to bring about more affordable rates to its customers.

22 May 2015 | 4:30PM |

Business News

Celcom Axiata supports affordable packages strategy

KUALA LUMPUR: Celcom Axiata Bhd has come out in full support of the Ministry of Communications and Multimedia’s objective to offer more affordable packages for all Malaysians to enjoy.

22 May 2015 | 1:32PM |

April inflation rate up slower than expected

KUALA LUMPUR: Malaysia’s inflation rate, as measured by the Consumer Price Index (CPI), rose at a slower pace of 1.8% from a year ago, which was below a survey of a 2.2% rise.

22 May 2015 | 12:00PM |

Economy

Axiata sees RM1.46b erased from market cap

KUALA LUMPUR: Axiata Group Bhd saw RM1.46bil wiped out from its market capitalisation on Thursday as the telco came under selling pressure due to the weak earnings prospects for 2015.

21 May 2015 | 5:30PM |

Markets

Sime Darby lowers KPI for FY15 to RM2.1b

KUALA LUMPUR: Sime Darby Bhd, which reported a weaker set of earnings for the nine months ended March 31, 2015, had scrapped its key performance indicator (KPI) target of RM2.50bil for FY15.

22 May 2015 | 5:37PM |

Corporate News

Maxis supports affordable rates

KUALA LUMPUR: Maxis Bhd, telecommunication provider comes out in full support to MCMC chairman Datuk Seri Halim Shafie, to bring about more affordable rates to its customers.

22 May 2015 | 4:30PM |

Business News

Dollar surge cools, eyes on Yellen, inflation

LONDON: The dollar edged lower on Friday but remained on course for its first week of gains against the euro and a basket of major currencies since the start of April ahead of inflation numbers later in the day.

22 May 2015 | 4:07PM |

Business News

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