Business

Top pic. Quality: Getting quality up to mark is important for Proton given the three new models it will launch next year.Left pic.Harith: ‘We have to do everything within our ability to be successful.

Proton’s fight for survival

National car company at its lowest ebb, looks to Suzuki for change in fortune

Cheah: ‘You cannot invest in China like you’re investing in the West. The policies are different here. I’m talking about it as someone who’s close to China.’

Still bullish on China

CHAIRMAN of Value Partners Group Ltd Datuk Cheah Cheng Hye saw the 20% correction in Chinese stocks coming. That’s before the Shanghai Stock Exchange Composite Index (SSE) peaked in mid-June, after surging 150% in a year.

Flying higher: Since 2013, SAM Engineering had transited from being a semiconductor-dominant business to one that now derives close to 70 of its revenues from the aerospace industry. It produces components for plane manufacturers such as Boing and Airbus.

Play it again, SAM

THE growth in dividends being paid out by Sam Engineering & Equipment (M) Bhd (SAM Engineering), one of the few component manufacturers for the airline industry, has attracted increasing interest by investors locally and abroad.

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China curbs IPOs, enlists brokers in all-out bid to end market rout

BEIJING/SHANGHAI: Beijing intensified efforts at the weekend to pull China's stock markets out of a nose-dive that is threatening the world's second-largest economy, with top brokerages pledging to buy massive amounts of shares and a report that the government has set up a market stabilisation fund.

5 July 2015 | 4:05PM |

Markets

Greece votes in referendum with future in euro in doubt

ATHENS: Greece voted on Sunday on whether to accept more austerity in exchange for international aid, in a high-stakes referendum likely to determine whether it leaves the euro-currency area after seven years of economic pain.

5 July 2015 | 4:06PM |

Banking

Prices remain: Even when the conditions are weak – as in the current market – the residential market is stable because of the large pool of owners, says Fernandez.

Weak market seen for the rest of the year

THE property market is expected to continue to be weak for the next six months, with some activities expected after the Hari Raya period, according to a real estate personnel.

4 July 2015 | 12:00AM |

property

Qualities of a successful CEO

A TINGE of sadness came over me after watching BBC news on the Greek meltdown in my Singapore hotel room. Sad to watch the old folks lining up just to withdraw a maximum of 60 euros from ATM machines for their daily sustenance and not knowing whether their next pension cheque will be paid.

4 July 2015 | 12:00AM |

tan thiam hock

TUN MAHATHIR _ PROTON

Doctor in the house

Proton Holdings Bhd chairman Tun Dr Mahathir Mohamad speaks candidly about the national automaker’s product quality and the direction ahead for the auto company.

4 July 2015 | 12:00AM |

Automotive

Greece votes in referendum with future in euro in doubt

ATHENS: Greece voted on Sunday on whether to accept more austerity in exchange for international aid, in a high-stakes referendum likely to determine whether it leaves the euro-currency area after seven years of economic pain.

5 July 2015 | 4:06PM |

Banking

China curbs IPOs, enlists brokers in all-out bid to end market rout

BEIJING/SHANGHAI: Beijing intensified efforts at the weekend to pull China's stock markets out of a nose-dive that is threatening the world's second-largest economy, with top brokerages pledging to buy massive amounts of shares and a report that the government has set up a market stabilisation fund.

5 July 2015 | 4:05PM |

Markets

Toshiba accounting errors may be over $800m

TOKYO: Toshiba Corp may need to mark down past earnings by over 100 billion yen ($814 million), more than double earlier estimates, after an ongoing investigation into past accounting practices found more irregularities, a source familiar with the matter said on Saturday.

4 July 2015 | 12:47PM |

Corporate News

Europeans tried to block IMF debt report on Greece

BRUSSELS: Euro zone countries tried in vain to stop the IMF publishing a gloomy analysis of Greece's debt burden which the leftist government says vindicates its call to voters to reject bailout terms, sources familiar with the situation said on Friday.

4 July 2015 | 12:42PM |

Economy

TUN MAHATHIR _ PROTON

Doctor in the house

Proton Holdings Bhd chairman Tun Dr Mahathir Mohamad speaks candidly about the national automaker’s product quality and the direction ahead for the auto company.

4 July 2015 | 12:00AM |

Automotive

Trim and fit: CIMB’s move to cut down on regional investment baning teams and MSS are designed to bring down cost.

CIMB to see full recovery in quarter 4?

CIMB Holdings Group Bhd will need at least two more quarters before benefits from its T18 initiatives which emphasise on cost-cutting and key business areas, are reflected on its balance sheet.

4 July 2015 | 12:00AM |

CIMB

HB Global shareholders flex their muscles

NEW developments appear to be taking place in China-based frozen food manufacturer HB Global Ltd, the Chinese company previously known as Sozo Global Ltd.

4 July 2015 | 12:00AM |

HB

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