Business

Integrax: Game over

PETALING JAYA: Tenaga Nasional Bhd (TNB) has secured more than 50% acceptance for its takeover offer of port operator Integrax Bhd, effectively gaining control of the company in a corporate battle that had lasted close to three months.

Pengerang gets Platts’ nod

PETALING JAYA: The Pengerang oil terminal in Johor is expected to receive greater interest following its inclusion into oil agency Platts Singapore’s pricing assessments for middle distillates and gasoline.

MAI expects higher sales despite GST

SHAH ALAM: The Malaysia Automotive Institute (MAI) expects vehicle sales for the first six months of this year to be higher than 333,142 units recorded in the corresponding period last year despite concerns over the goods and services tax (GST) that will come into force tomorrow.

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Malaysia Airlines to charge customers 6% GST

KUALA LUMPUR: Malaysia Airlines’ customers will be charged the 6% Goods & Services Tax (GST) on applicable goods and services supplied by the national carrier when it comes into effect on April 1.

30 March 2015 | 6:41PM |

Airlines

Construction works on MRT1 underground transport hub progressing smoothly. — Bernama

MRT2 works to start

PETALING JAYA: Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) is expected to start awarding contracts for the various packages of the RM23bil Mass Rapid Transit line 2 (MRT2) in the last quarter of this year.

30 March 2015 | 12:00AM |

MRT

CIMB aims to double its mPOS this year

KUALA LUMPUR: CIMB Group Holdings Bhd aims to double the mobile point of sales (mPOS) to about 14,000 this year as it continue to provide alternative solutions to its clients.

31 March 2015 | 12:47PM |

Banking

Australia looks at GST in planned tax overhaul

SYDNEY: Australian Treasurer Joe Hockey hinted at changes that could force digital companies like Apple Inc, Google Inc, Alibaba Group Holding and Uber to pay more tax on transactions that take place in Australia.

31 March 2015 | 12:00AM |

Australia

Govt has no plan to peg ringgit

KUALA LUMPUR: The government has no plan to peg the ringgit against the US dollar to address its depreciation, Deputy Finance Minister Datuk Chua Tee Yong said.

30 March 2015 | 3:03PM |

Forex

Banks lead KLCI higher at midday

KUALA LUMPUR: Banks and Tenaga Nasional led the FBM KLCI higher at midday on Tuesday on window-dressing activities for the first quarter but the broader market was mixed.

31 March 2015 | 1:05PM |

Markets

CIMB aims to double its mPOS this year

KUALA LUMPUR: CIMB Group Holdings Bhd aims to double the mobile point of sales (mPOS) to about 14,000 this year as it continue to provide alternative solutions to its clients.

31 March 2015 | 12:47PM |

Banking

AmResearch maintains Hold on MISC

KUALA LUMPUR: AmResearch has maintained its Hold on MISC with a higher fair value of RM8.30 a share to account for the higher market value of the petroleum tankers and the inclusion of contributions from the five newbuild LNG carriers.

31 March 2015 | 9:36AM |

Analyst Reports

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