Business

Shades of 1997/98?

The weakening ringgit has caused anxiety. But is the economy in a similar situation to Malaysia’s worst ever crisis 16 years ago?

File photo of construction work in progress for PR1MAAlam Damai, Cheras earlier this year. Tengku Razaleigh Hamzah warns that affordable housing, even with PR1MA, is currently beyond the reach of fresh graduates and the lower middle class.

The squeezed middle

Without integrated policies to help them tackle the rising cost of living, the sandwich class faces a bleak 2015.

At the recent opening of Grand Plaza Hotel in Kensington London are (from left) Mohd Zaid, Malaysian High Commissioner to the United Kingdom and Northern Ireland, Datuk Ahmad Rasidi Haziz, Mohd Isa and directors of Felda, Datuk Noor Ehsanuddin Harun Narrashid and Datuk Dr Omar Salim

Unravelling Felda’s investments

A series of acquisitions by different Felda units has thrust the group into the limelight.

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A challenging time, but not a crisis

THERE has been mayhem in the Malaysian stock market. The FTSE Bursa Malaysia KL Composite Index (FBM KLCI) is down 8% to 1,716 points on a year-to-date (YTD) basis, making it one of the worst performers in the Asia-Pacific region.

20 December 2014 | 12:00AM |

Market

Oil, stocks go their separate ways

NEW YORK: Investors have wrung their hands over the last several weeks over the effect of lower oil prices on the broader S&P 500, but the relationship between the two is actually starting to break down.

20 December 2014 | 6:48AM |

Oil & Gas

Depleted Indonesian oil field is window into China's corruption crackdown

LIMAU, Indonesia: In a muddy clearing in southern Sumatra, a portable diesel power plant hammers away alongside a wellhead, struggling to extract crude from a depleted reservoir that lies below farmland and rubber plantations. It was much easier to extract cash from a state-owned Chinese oil giant.

19 December 2014 | 8:15AM |

Oil & Gas

Now that the oil price has tumbled from an average of about US110 a barrel in the first half of 2014 to well below US90, Russia needs to avoid a recession and keep its budget in balance.

The Goat straggles into 2015 amid rising risks

What Are We To Do? - By Tan Sri LIN SEE-YAN
In mid-November 2014, the world’s most powerful economies pledged in Brisbane “to lift G-20’s GDP by at least an additional 2% by 2018.… If fully implemented… this will add more than US$2 trillion to the global economy and create millions of jobs”.

20 December 2014 | 12:00AM |

world

Southeast Asian stocks: Most end stronger

JAKARTA: Most Southeast Asian stock markets rose on Friday as the U.S. Federal Reserve's pledge to be "patient" about hiking interest rates continued to boost sentiment.

20 December 2014 | 6:52AM |

Stocks

According to UBS, Bank Negara is likely to cut its overnight policy rate  by 25 basis points in 2015, with lower oil prices cushioning the pressure on inflation.

Bank Negara likely to cut OPR in 2015, says UBS

KUALA LUMPUR: Bank Negara Malaysia is likely to cut its overnight policy rate (OPR) by 25 basis points in 2015, as the fall in the oil prices would cushion the pressure on inflation, according to UBS.

19 December 2014 | 4:41PM |

Economy

Pushing for better deal for Singapore middle-income group

SINGAPORE’S “sandwich class” are believed to have taken their frustrations out at the ballot box in the May 2011 general election, which saw the ruling People’s Action Party’s percentage of the vote dropping to 59.3%, from 66.6% in 2006, and the opposition making record gains.

20 December 2014 | 12:00AM |

Singapore

JMBs and MCs are non-profit driven and exist to act as a body for stratified building owners.

6% levy is looming on the horizon

Buyers Beware - By Chang Kim Loong
THERE have been recent public outcry and protests against the imposition of the goods and services tax (GST) on the maintenance charges and sinking fund for all stratified developments in Malaysia save for low- and medium-cost stratified development areas which were recently “exempted” from GST under the gazetted GST Exempt Supply Order dated Oct 13, 2014.

20 December 2014 | 12:00AM |

Property

Malaysian palm oil ends higher with monsoon in focus

KUALA LUMPUR: Malaysian palm oil futures ended higher on Friday on concerns over monsoon rains hurting output and as crude prices ticked up, but the recovery was not enough to keep palm from its biggest weekly fall in three.

20 December 2014 | 7:02AM |

Palm Oil

Southeast Asian stocks: Most end stronger

JAKARTA: Most Southeast Asian stock markets rose on Friday as the U.S. Federal Reserve's pledge to be "patient" about hiking interest rates continued to boost sentiment.

20 December 2014 | 6:52AM |

Stocks

Oil, stocks go their separate ways

NEW YORK: Investors have wrung their hands over the last several weeks over the effect of lower oil prices on the broader S&P 500, but the relationship between the two is actually starting to break down.

20 December 2014 | 6:48AM |

Oil & Gas

A challenging time, but not a crisis

THERE has been mayhem in the Malaysian stock market. The FTSE Bursa Malaysia KL Composite Index (FBM KLCI) is down 8% to 1,716 points on a year-to-date (YTD) basis, making it one of the worst performers in the Asia-Pacific region.

20 December 2014 | 12:00AM |

Market

Khoo

Yu’s foray into financial services

DATUK Dr Yu Kuan Chon’s move to take over Pan Malaysia Holdings Bhd (PMH) is puzzling to most observers. The loss-making company had long fallen off the radar of investors.

20 December 2014 | 12:00AM |

pan malaysia

Pushing for better deal for Singapore middle-income group

SINGAPORE’S “sandwich class” are believed to have taken their frustrations out at the ballot box in the May 2011 general election, which saw the ruling People’s Action Party’s percentage of the vote dropping to 59.3%, from 66.6% in 2006, and the opposition making record gains.

20 December 2014 | 12:00AM |

Singapore

Tan: ‘We are not in talks with anyone to sell at the moment’.

Systech riding on the IT wave

SYSTECH Bhd, which has been garnering attention for a couple of months now, is merely one of the companies which is “riding the IT wave” and has no plans to be sold off.

20 December 2014 | 12:00AM |

Technology

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