Business

1MDB audited assets worth RM51.4b

KUALA LUMPUR: The total worth of 1Malaysia Development Bhd (1MDB) audited assets for the financial year ended March 31, 2014 was RM51.4 billion, the Dewan Rakyat was told on Wednesday.

Probe on 1MDB's BSI account

KUALA LUMPUR: Bank Negara has handed over the investigative findings on 1Malaysia Development Bhd’s (1MDB) controversial investment in BSI Bank Ltd in Singapore to the relevant enforcement agencies.

Kwasa Land launches another 2 projects for Bumiputera category

KUALA LUMPUR: Kwasa Land Sdn Bhd has launched another two residential projects for selected pre-qualified Bumiputera developers.

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TNB loses RM6bil in value over six days

PETALING JAYA: The mere speculation of purchasing the power assets under 1Malaysia Development Bhd (1MDB) had caused Tenaga Nasional Bhd (TNB) to lose some RM6bil in value over the last six trading days.

26 May 2015 | 12:00AM |

Stocks

PUBLIC Accounts Committee (PAC) chairman Datuk Nur Jazlan Mohamed speaks during a press conferences after he a meeting at Parliament today.AZHAR MAHFOF/The star (25/5/2019)

Auditors under scrutiny in 1MDB probe

PETALING JAYA: The auditors of 1Malaysia Development Bhd (1MDB) will now be the focus of the inquiry by the Public Accounts Committee (PAC) after two key witnesses asked for a delay to appear before the committee.

26 May 2015 | 12:00AM |

Stocks

MISC allocates US$1b for capex this year

KUALA LUMPUR: Shipping giant MISC Bhd has allocated US$1 billion for capital expenditure (capex) this year to primarily focus on the petroleum segment business, despite lower oil prices in the global market.

27 May 2015 | 6:18PM |

Business News

Malakoff records higher profits in Q1

KUALA LUMPUR: Malakoff Corp Bhd’s profit before tax for the first quarter ended March 31, 2015 surged 294% to RM175.5mil from RM44.6mil a year ago and expects the current financial to be better.

27 May 2015 | 6:34PM |

Corporate News

Puzzling delay of PAC letter to 1MDB

PETALING JAYA: 1Malaysia Development Bhd (1MDB) revealed it only received the letter from the Public Accounts Committee (PAC) asking its current and former top executives to attend an inquiry into the affairs of 1MDB more than two weeks after it was mailed to the Finance Ministry (MOF).

27 May 2015 | 12:00AM |

Stocks

Nexgram in talks with 1MDB, eyeing last available land at TRX

KUALA LUMPUR: Nexgram Holdings Bhd is eyeing the last available acres of land at 1MDB’s Tun Razak Exchange. “Our managers and agents are in talks with 1MDB and have voiced our interest to participate in the development of the project,” its executive director Alan How Han Lun told reporters

27 May 2015 | 12:00AM |

Property

Maybulk posts pre-tax losses of RM23m

KUALA LUMPUR: Malaysian Bulk Carrier Bhd registered a pre-tax loss of RM23.12mil in the first quarter ended March 31, 2015, down by RM46.35mil from the RM23.24mil profit a year ago.

27 May 2015 | 7:00PM |

Business News

Malakoff records higher profits in Q1

KUALA LUMPUR: Malakoff Corp Bhd’s profit before tax for the first quarter ended March 31, 2015 surged 294% to RM175.5mil from RM44.6mil a year ago and expects the current financial to be better.

27 May 2015 | 6:34PM |

Corporate News

MISC allocates US$1b for capex this year

KUALA LUMPUR: Shipping giant MISC Bhd has allocated US$1 billion for capital expenditure (capex) this year to primarily focus on the petroleum segment business, despite lower oil prices in the global market.

27 May 2015 | 6:18PM |

Business News

Indonesia plans to raise personal income tax threshold

JAKARTA: Indonesia's finance minister said on Wednesday the government plans to raise by nearly 50 percent the income threshold at which individuals start to owe income tax, in a bid to boost purchasing power and economic growth.

27 May 2015 | 6:01PM |

Economy

Protasco’s net profit up 23.6%

KUALA LUMPUR: Protasco Bhd’s net profit for the first quarter ended March 31, 2015 rose 23.6% to RM13.10mil compared to RM10.60mil a year ago mainly contributed from construction division.

27 May 2015 | 5:36PM |

Business News

Asean businesses need Asean strategy, says Zeti

KUALA LUMPUR: While the future for ASEAN looks promising, ASEAN businesses, including small and medium enterprises (SMEs), need to consider and explore an ASEAN strategy, said Bank Negara Malaysia Governor Tan Sri Dr Zeti Akhtar Aziz on Wednesday.

27 May 2015 | 5:17PM |

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