Business

Billionaire Ananda Krishnan in foundation to promote study of Mandarin and English

PETALING JAYA: Billionaire T Ananda Krishnan and the Usaha Tegas Group have launched the Yu Cai Foundation (YCF), which will principally focus on giving grants to educational institutions which promote the study of Mandarin and English.

M'sian ringgit hit by S'pore easing monetary policy

PETALING JAYA: The ringgit has become an unwitting casualty of Singapore’s surprise easing of its tightly controlled monetary policy, as the country joined a growing list of central banks around the world taking extraordinary steps in shoring up faltering economic growth as inflation slows.

Changes in the air at AMMB?

PETALING JAYA: AMMB Holdings Bhd may see changes to some of its key positions in the next few months.

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1MDB seeking another loan extension

Kuala Lumpur: 1Malaysia Development Bhd (1MDB) is planning to seek another one-month extension on a RM2bil loan to give it more time to sell a stake in its energy unit, sources said.

28 January 2015 | 12:00AM |

1MDB

ASTINO managing director Ng Back Teng

Astino to gain from housing revival plans

GEORGE TOWN: The Government’s efforts to revive abandoned housing projects are expected to improve Astino Bhd’s performance by a single-digit percentage for the 2015 fiscal year ending in July.

29 January 2015 | 12:00AM |

Stocks

Integrax to consider Amin’s request for dividend payments

PETALING JAYA: The board of port operator Integrax Bhd will consider dividend payments based on the financial performance recorded during the previous financial year, taking into consideration its cash flow and capital expenditure requirements.

29 January 2015 | 12:00AM |

Stocks

LPI Capital FY14 earnings jump 40.5% to RM283m

KUALA LUMPUR: LPI Capital Bhd’s earnings jumped 40.5% to RM283.02mil in the financial year ended Dec 31, 2014 compared with RM201.44mil a year ago, boosted by its unit Lonpac Insurance Bhd (Lonpac).

28 January 2015 | 7:16PM |

Banking

Reclamation works for Tanjung Piai oil hub project can now begin

PETALING JAYA: Benalec Holdings Bhd has received the Department of Environment (DOE) approval to commence reclamation work for its Tanjung Piai petroleum hub and industrial park in the Straits of Johor, the company said in a Bursa Malaysia announcement.

28 January 2015 | 12:00AM |

Benalec

Wall St ends lower after Fed statement, oil drop

NEW YORK: U.S. stocks closed down on Wednesday, driven by a sharp decline in the S&P 500 energy sector, after the Federal Reserve said the domestic economy was growing at a solid pace, signaling it remains on track to raise interest rates later this year.

29 January 2015 | 8:08AM |

Markets

Fed upbeat on US economy, cites strong job gains

WASHINGTON: The Federal Reserve on Wednesday said the U.S. economy was expanding "at a solid pace" with strong job gains in a signal that the central bank remains on track with its plans to raise interest rates this year.

29 January 2015 | 8:06AM |

Banking

Integrax to consider Amin’s request for dividend payments

PETALING JAYA: The board of port operator Integrax Bhd will consider dividend payments based on the financial performance recorded during the previous financial year, taking into consideration its cash flow and capital expenditure requirements.

29 January 2015 | 12:00AM |

Stocks

ASTINO managing director Ng Back Teng

Astino to gain from housing revival plans

GEORGE TOWN: The Government’s efforts to revive abandoned housing projects are expected to improve Astino Bhd’s performance by a single-digit percentage for the 2015 fiscal year ending in July.

29 January 2015 | 12:00AM |

Stocks

Construction sentiment likely to improve

BASED on the unchanged RM49bil development expenditure and the Government’s focus on public transportation infrastructure, CIMB Research said it believes the negative scenario of deferment of projects in light of falling oil prices should not be overplayed.

29 January 2015 | 12:00AM |

Stocks

LPI Capital FY14 earnings jump 40.5% to RM283m

KUALA LUMPUR: LPI Capital Bhd’s earnings jumped 40.5% to RM283.02mil in the financial year ended Dec 31, 2014 compared with RM201.44mil a year ago, boosted by its unit Lonpac Insurance Bhd (Lonpac).

28 January 2015 | 7:16PM |

Banking

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