Business

FGV’s share price has slumped 58.5 and is trading at RM1.22.

Analysts positive on FGV’s Canada plant disposal

PETALING JAYA: Analysts have given the thumbs up to Felda Global Ventures Holdings Bhd’s (FGV) proposed disposal of its offseeds crushing and refining plant in Canada to Viterra Inc for RM608.2mil, stating that the sell-off is positive for the group since it is keen to raise funds for working capital and pay debts.

Prime asset: It is crucial for Northport (M) Bhd, the wholly-owned port subsidiary of NCB Holdings Bhd, to enhance the port business of MMC Corp Bhd should it decide to list the division.  See story on page 2

NCB’s gateway business gives it an edge

PETALING JAYA: Northport (M) Bhd, the wholly owned port subsidiary of NCB Holdings Bhd, is crucial in enhancing the port business of MMC Corp Bhd should it decide to list the division.

Changing trend: Malaysian packaging material producers are getting more orders lately because of the consistent quality of their packaging products.

Mixed fortunes for packaging material ops

While exporters gain from stronger dollar, domestic suppliers face weaker demand.

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Foxconn cancels investment plan in Indonesia

JAKARTA: Taiwan's Foxconn Technology Group, the world's biggest electronic components maker, has cancelled plans to invest in a factory in Indonesia, Kontan daily reported on Tuesday, citing the head of an Indonesian business chamber.

1 September 2015 | 1:54PM |

Corporate News

icapital.biz Bhd managing director Tan Teng Boo at the press conference.

Investing during difficult times

PETALING JAYA: Amid a challenging socio-economic and political situation that Malaysia is now facing, icapital.biz Bhd will be holding its 2015 Investor Day.

31 August 2015 | 12:00AM |

Investing

KLCI surges 42 points in early trade

KUALA LUMPUR: The FBM KLCI surged 42 points in early trade on Tuesday toa high of 1,655, kicking off the new month of September on a very strong note despite the weaker overnight close on Wall Street.

1 September 2015 | 9:31AM |

Markets

Macau casino revenue plunges, govt to rein in fiscal spending

HONG KONG: Gambling revenue in Macau dropped 35.5% in August from a year earlier, sliding for 15 months in a row - more evidence of a deepening downturn that prompted the territory's government to announce on Tuesday it would tighten fiscal spending.

1 September 2015 | 2:52PM |

Business

Bursa only market in positive zone in Asia

KUALA LUMPUR: Malaysia’s stock market was the only bourse in the positive zone at midday on Tuesday but the FBM KLCI was off its early high due to the profit taking by some funds and retailers.

1 September 2015 | 1:50PM |

Markets

Amirul Feisal: ‘The second half is going to be difficult but it doesn’t mean we won’t see growth.’

Maybank eyes more revenue from overseas

KUALA LUMPUR: Malayan Banking Bhd (Maybank), ranked among the top five largest banking groups in South-East Asia, aims to increase its corporate banking services across the region, as the group targets to boost income contribution from overseas.

31 August 2015 | 12:00AM |

Banking

Asian LNG price faces steep fall

SINGAPORE: Asian liquefied natural gas (LNG) prices could fall a further 25% in coming months as new supply, falling demand and weaker oil prices put it on par with iron ore and coal as the worst performing commodity of recent years.

1 September 2015 | 12:00AM |

LNG

D-8 targets RM2.08 trillion trade by 2018

Kuala Lumpur: D-8 targets RM2.08 trillion trade by 2018: Trade among the Developing-8 (D-8) members - comprising Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan and Turkey - is expected to reach US$500 billion (RM2.08 trillion) by 2018.

1 September 2015 | 2:37PM |

Business

NCIA, Fabtronic, Advantest ink MoU for maiden chip test lab

GEORGE TOWN: The Northern Corridor Implementation Authority (NCIA) on Tuesday inked a memorandum of understanding (MOU) with Fabtronic Sdn Bhd and Advantest (Singapore) Pte Ltd in Tokyo, paving the way for a shared services test laboratory and skills development training programme here.

1 September 2015 | 2:17PM |

Business

NPC unit to sell land for RM74mil

KUALA LUMPUR:: NPC Resources Bhd (NPC) unit Transglobe Enterprise Sdn Bhd has signed an sale agreement with Ladang Sri Harapan (Sabah) Sdn Bhd to dispose of agricultural land in Sabah to the latter for RM74.05 million.

1 September 2015 | 2:44PM |

Business

Australia keeps interest rates at record low

SYDNEY: Australia’s central bank kept interest rates at a historic low of 2% on Tuesday, playing down recent global volatility as it noted the economy was moderately expanding and inflation contained.

1 September 2015 | 3:29PM |

Business

Macau casino revenue plunges, govt to rein in fiscal spending

HONG KONG: Gambling revenue in Macau dropped 35.5% in August from a year earlier, sliding for 15 months in a row - more evidence of a deepening downturn that prompted the territory's government to announce on Tuesday it would tighten fiscal spending.

1 September 2015 | 2:52PM |

Business

NPC unit to sell land for RM74mil

KUALA LUMPUR:: NPC Resources Bhd (NPC) unit Transglobe Enterprise Sdn Bhd has signed an sale agreement with Ladang Sri Harapan (Sabah) Sdn Bhd to dispose of agricultural land in Sabah to the latter for RM74.05 million.

1 September 2015 | 2:44PM |

Business

D-8 targets RM2.08 trillion trade by 2018

Kuala Lumpur: D-8 targets RM2.08 trillion trade by 2018: Trade among the Developing-8 (D-8) members - comprising Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan and Turkey - is expected to reach US$500 billion (RM2.08 trillion) by 2018.

1 September 2015 | 2:37PM |

Business

NCIA, Fabtronic, Advantest ink MoU for maiden chip test lab

GEORGE TOWN: The Northern Corridor Implementation Authority (NCIA) on Tuesday inked a memorandum of understanding (MOU) with Fabtronic Sdn Bhd and Advantest (Singapore) Pte Ltd in Tokyo, paving the way for a shared services test laboratory and skills development training programme here.

1 September 2015 | 2:17PM |

Business

Foxconn cancels investment plan in Indonesia

JAKARTA: Taiwan's Foxconn Technology Group, the world's biggest electronic components maker, has cancelled plans to invest in a factory in Indonesia, Kontan daily reported on Tuesday, citing the head of an Indonesian business chamber.

1 September 2015 | 1:54PM |

Corporate News

Bursa only market in positive zone in Asia

KUALA LUMPUR: Malaysia’s stock market was the only bourse in the positive zone at midday on Tuesday but the FBM KLCI was off its early high due to the profit taking by some funds and retailers.

1 September 2015 | 1:50PM |

Markets

China manufacturing index slumps in August

BEIJING: Chinese manufacturing activity fell into contraction in August, with an official index on Tuesday slumping to a three-year low in the latest sign of a slowdown in the world’s second-largest economy.

1 September 2015 | 1:12PM |

Business

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