Petronas posts lower net profit of RM11.4b in Q1 FY15

KUALA LUMPUR: Petroliam Nasional Bhd recorded net profit of RM11.4bil in the first quarter ended March 31, which was 39% lower than RM18.8bil a year ago.

AMMB Holdings earnings near RM2bil in FY15 (Update)

KUALA LUMPUR: AMMB Holdings Bhd’s earnings were at RM1.918bil in the financial year ended March 31, 2015 compared with RM1.782bil in FY14 due to non-interest income and lower allowances.

Cautious plan

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

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Gould: ‘On average, we are living longer and more healthily, thanks to better healthcare access’.

Higher retirement age seen

KUALA LUMPUR: Global and economic trends indicate that the retirement age may need to be revised further upwards again should the trend of an ageing population and longer life span continue.

21 May 2015 | 12:00AM |

Personal Finance

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

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 |


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 |

JCY to benefit from Seagate expansion in Penang

KUALA LUMPUR: JCY International Bhd, one of the largest manufacturers of hard disk drive (HDD) mechanical components globally, said Seagate’s move to expand its operations in Malaysia is good news for the group.

22 May 2015 | 12:00AM |

Business News

Pos Malaysia posts 20% drop in profit

KUALA LUMPUR: Lower mail volume hit Pos Malaysia Bhd’s performance for the financial year ended March 31, 2015, leading to a 20.1% fall in net profit to RM127.05mil despite revenue growing 4.7% to RM1.49bil.

22 May 2015 | 9:46PM |

Corporate News

Bid to stop Scanwolf from appointing new directors

KUALA LUMPUR: Three shareholders of plastic extrusions manufacturer Scanwolf Corp Bhd, who last week proposed an EGM to remove nine directors, have served a court summons on the nine to stop them from appointing any new board member.

22 May 2015 | 8:52PM |

Corporate News

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