Business

Public Bank posts strong Q2 earnings, dividend 24 sen (Update)

KUALA LUMPUR: Public Bank Bhd posted a strong financial performance in the second quarter ended June 30, 2015 with earnings up 13.3% to RM1.196bil from RM1.055bil a year ago.

Lloyd’s of London to apply for Malaysia onshore licence (Update)

KUALA LUMPUR: Lloyd’s intends to apply for an onshore reinsurance licence in Malaysia, the UK and Malaysian governments confirmed on Thursday.

MBSB-Muamalat merger, full-fledged Islamic bank on the cards?

PETALING JAYA: Malaysia Building Society Bhd (MBSB), one of the non-conventional banks in the local financial industry, is on track to obtaining a full-fledged Islamic banking licence with plans under way for a merger with Bank Muamalat.

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Bursa Malaysia reprimands and fines Lim Yin Chow

KUALA LUMPUR: Bursa Malaysia has reprimanded and imposed a fine of RM30,000 on Lim Yin Chow, a former non-executive director of Stemlife Bhd, Signature International Bhd and Rev Asia Bhd for submitting false information on his education qualifications.

30 July 2015 | 2:54PM |

Business News

MoF sells entire interest in Bursa Malaysia to KWAP

KUALA LUMPUR: Minister of Finance Inc (MoF Inc), the second largest shareholder in Bursa Malaysia Bhd, has disposed of its entire 16.12% stake in the securities and commodity exchange operator to Retirement Fund Inc (KWAP) effective July 29.

29 July 2015 | 9:49PM |

Corporate News

MAHB posts net loss of RM19.8mil

KUALA LUMPUR: Malaysia Airports Holdings Bhd’s (MAHB) net loss of RM19.88mil narrowed in the second quarter ended June 30, 2015, from a net loss of RM44.67mil a year ago.

30 July 2015 | 6:23PM |

Corporate News

Dollar at week's peak after Fed tiptoes towards rate move

LONDON: The dollar rose to its highest level this week on Thursday after the U.S. Federal Reserve took another small step towards raising interest rates, reinvigorating those betting on another surge for the dollar if and when the Fed delivers.

30 July 2015 | 7:39PM |

Forex

KLCI unable to break past key 1,700 barrier

KUALA LUMPUR: Late selling pressure pushed the FBM KLCI below the critical 1,700 level on Thursday amid the mixed broader market, as gains by heavyweight Sime Darby were offset by selling of Maybank and CIMB.

30 July 2015 | 7:36PM |

Markets

Nippon Paint eyes 15% sales growth

KUALA LUMPUR: Coating expert, Nippon Paint Malaysia, is eyeing an up to 15% hike in sales growth this year, despite the challenging market environment, said Group General Manager Gladys Goh Kaye Jen.

30 July 2015 | 6:44PM |

Business News

US economy revives in second quarter

WASHINGTON: The US economy picked up sharply in the second quarter, boosted by increased consumer spending and exports after a tepid first quarter, the Commerce Department reported Thursday.

30 July 2015 | 9:23PM |

Foreign News

Maybank’s Indonesian subsidiary records higher profit in first half-year

KUALA LUMPUR: PT Bank Internasional Indonesia Tbk (BII) on Thursday announced that its profit after tax and minority interest (Patami) increased 13.9% to 388 billion rupiah (RM109.9mil) for the first half year (H1) ended June 30, 2015 from 341 billion rupiah (RM96.6mil) in the same period in 2014 despite the macroeconomic slowdown.

30 July 2015 | 8:55PM |

Banking

Dollar at week's peak after Fed tiptoes towards rate move

LONDON: The dollar rose to its highest level this week on Thursday after the U.S. Federal Reserve took another small step towards raising interest rates, reinvigorating those betting on another surge for the dollar if and when the Fed delivers.

30 July 2015 | 7:39PM |

Forex

KLCI unable to break past key 1,700 barrier

KUALA LUMPUR: Late selling pressure pushed the FBM KLCI below the critical 1,700 level on Thursday amid the mixed broader market, as gains by heavyweight Sime Darby were offset by selling of Maybank and CIMB.

30 July 2015 | 7:36PM |

Markets

Nippon Paint eyes 15% sales growth

KUALA LUMPUR: Coating expert, Nippon Paint Malaysia, is eyeing an up to 15% hike in sales growth this year, despite the challenging market environment, said Group General Manager Gladys Goh Kaye Jen.

30 July 2015 | 6:44PM |

Business News

MAHB posts net loss of RM19.8mil

KUALA LUMPUR: Malaysia Airports Holdings Bhd’s (MAHB) net loss of RM19.88mil narrowed in the second quarter ended June 30, 2015, from a net loss of RM44.67mil a year ago.

30 July 2015 | 6:23PM |

Corporate News

Petronas’ project in Canada may not start in the fall - report

KUALA LUMPUR: The British Columbia (BC) government is not in a position to say when construction of the Petroliam Nasional Bhd (Petronas)-led Pacific NorthWest LNG project will start, BC-based publication Alaska Highway News reported quoting a finance ministry spokesperson.

30 July 2015 | 5:40PM |

Oil & Gas

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