Business

Petronas posts lower net profit of RM11.4b in Q1 FY15

KUALA LUMPUR: Petroliam Nasional Bhd recorded net profit of RM11.4bil in the first quarter ended March 31, which was 39% lower than RM18.8bil a year ago.

AMMB Holdings earnings near RM2bil in FY15 (Update)

KUALA LUMPUR: AMMB Holdings Bhd’s earnings were at RM1.918bil in the financial year ended March 31, 2015 compared with RM1.782bil in FY14 due to non-interest income and lower allowances.

Cautious plan

Economists feel that the targets set under 11MP are more realistic.

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Gould: ‘On average, we are living longer and more healthily, thanks to better healthcare access’.

Higher retirement age seen

KUALA LUMPUR: Global and economic trends indicate that the retirement age may need to be revised further upwards again should the trend of an ageing population and longer life span continue.

21 May 2015 | 12:00AM |

Personal Finance

Maxis supports affordable rates

KUALA LUMPUR: Maxis Bhd, telecommunication provider comes out in full support to MCMC chairman Datuk Seri Halim Shafie, to bring about more affordable rates to its customers.

22 May 2015 | 4:30PM |

Business News

Axiata sees RM1.46b erased from market cap

KUALA LUMPUR: Axiata Group Bhd saw RM1.46bil wiped out from its market capitalisation on Thursday as the telco came under selling pressure due to the weak earnings prospects for 2015.

21 May 2015 | 5:30PM |

Markets

Celcom Axiata supports affordable packages strategy

KUALA LUMPUR: Celcom Axiata Bhd has come out in full support of the Ministry of Communications and Multimedia’s objective to offer more affordable packages for all Malaysians to enjoy.

22 May 2015 | 1:32PM |

JCY to benefit from Seagate expansion in Penang

KUALA LUMPUR: JCY International Bhd, one of the largest manufacturers of hard disk drive (HDD) mechanical components globally, said Seagate’s move to expand its operations in Malaysia is good news for the group.

22 May 2015 | 12:00AM |

Business News

Malaysian palm oil price at 3-week low on demand worries

KUALA LUMPUR: Malaysian palm oil futures fell on Friday and hit their lowest level in 3 weeks, snapping a two-week uptrend, on rising scepticism among investors about the sustainability of the robust export demand seen this month.

23 May 2015 | 7:03AM |

Palm Oil

A year after Thai coup, stability trumps growth for business

BANGKOK: When Thailand's army seized power in a bloodless coup, much of the business establishment quietly cheered them on. A year on, the captains of Thai industry remain firmly behind the junta, despite a lacklustre economy and a delayed return to democracy.

23 May 2015 | 6:58AM |

Economy

US Fed on track to hike rates as economic headwinds wane

PROVIDENCE, R.I.: Federal Reserve Chair Janet Yellen was clearer than ever on Friday that the central bank was poised to raise interest rates this year, as the U.S. economy was set to bounce back from an early-year slump and as headwinds at home and abroad waned.

23 May 2015 | 6:50AM |

Economy

US stocks down after Fed comments fail to inspire

NEW YORK: U.S. stocks ended weaker on Friday after Federal Reserve Chair Janet Yellen indicated that the central bank was poised to raise interest rates this year, in line with Wall Street's expectations.

23 May 2015 | 6:46AM |

Stocks

Datuk Nur Jazlan Mohamed

Lower auditing standards seem to have been applied

PUBLIC Accounts Committee (PAC) chairman Datuk Nur Jazlan Mohamed (pic) is a busy man. On Tuesday, the PAC launched an investigation into the dealings of 1Malaysia Development Bhd (1MDB) to get to the bottom of just what had happened to the cash-strapped strategic investment company.

23 May 2015 | 12:00AM |

1MDB

1MDB’s cash crunch

The next nine years are crucial for fund, as its obligations are estimated at some RM40bil

23 May 2015 | 12:00AM |

1MDB

1MDB and SRC’s unique positions

AS far as being a Government-linked company goes, 1Malaysia Development Bhd (1MDB) and its former subsidiary, SRC International Sdn Bhd, are unique.

23 May 2015 | 12:00AM |

1mdb

Pos Malaysia posts 20% drop in profit

KUALA LUMPUR: Lower mail volume hit Pos Malaysia Bhd’s performance for the financial year ended March 31, 2015, leading to a 20.1% fall in net profit to RM127.05mil despite revenue growing 4.7% to RM1.49bil.

22 May 2015 | 9:46PM |

Corporate News

Bid to stop Scanwolf from appointing new directors

KUALA LUMPUR: Three shareholders of plastic extrusions manufacturer Scanwolf Corp Bhd, who last week proposed an EGM to remove nine directors, have served a court summons on the nine to stop them from appointing any new board member.

22 May 2015 | 8:52PM |

Corporate News

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