Business

Economists: Policymakers need to be committed in view of falling oil prices

PETALING JAYA: Malaysia’s commitment to reforms aimed at reducing the Federal Government’s fiscal deficit is on the radar of investors.

SEB headquarters in Kuching, Sarawak. It will have to build a 40km power transmission line to link Miri and Brunei to facilitate the export of electricity.

SEB-Brunei power deal

KUCHING: Sarawak Energy Bhd (SEB) and Brunei authorities are expected to begin detailed negotiations on the planned exports of renewable energy to the sultanate and a proposal that Brunei comes up with capital investment to jointly develop hydroelectric dam projects in northern Sarawak.

Badlisham: ‘KLIA Aeropolis will be a key economic generator by creating jobs and business and investment opportunities.’

KLIA Aeropolis set to put Malaysia on aviation map

KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) envisages the KL International Airport Aeropolis (KLIA Aeropolis) to position Malaysia as a hub for aviation, aerospace and logistics while also being an engine for tourism growth.

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Tengku Zafrul's game plan

THE biggest nightmare for any banking chief executive is to go into a merger only to find the capital markets roiling into uncertainty and the real economy wobbling a few months down the road.

24 January 2015 | 12:00AM |

Business

Falling ringgit in focus

THAT the ringgit has continued to slide over the week says it all: the revised Budget 2015 has not been very successful at restoring flagging foreign investor appetite for Malaysian assets.

24 January 2015 | 12:00AM |

Business

Ringgit versus pound loans

MALAYSIANS who bought properties abroad – in countries whose currency is strengthening against the ringgit – may have to fork out more to finance their purchases, if they have not “locked in their loans” or created a pound-denominated fund at earlier and more favourable rates.

24 January 2015 | 12:00AM |

Business

Too good to pass up

IT was an opportunity too good to pass up. Tan Sri Liew Kee Sin decided to acquire three large-scale residential projects in London prior to obtaining an approval for the proposed listing of Eco World International Bhd, a special-purpose acquisition company (SPAC).

24 January 2015 | 12:00AM |

Business

Four benefits from revised Budget 2015

Prime Minister Datuk Seri Najib Tun Razak has made some adjustments to Budget 2015 Malaysia amid falling crude oil prices to ensure sustainable development and resilience of the economy.

24 January 2015 | 9:33PM |

Economy

Bfood eyes 20% growth

THE uncertain outlook that is clouding the retail industry due to impending implementation of the goods and services tax (GST) coupled with a moderating economic outlook is not hindering Berjaya Food (BFood) from pursuing its growth plans.

24 January 2015 | 12:00AM |

Business

Eye on stock

PERISAI Petroleum Teknologi Bhd, an oil & gas-related company, plummeted to a low of 38 sen on Dec 15, last year, the worst level since April 2009 amid extended liquidation pressure, depressed by the downward spiral in crude oil prices.

24 January 2015 | 12:00AM |

Business

Ismail on the ground floor of the new Jaya Shopping Centre. He thinks the battle to bring in traffic has been half won due to PJ folks’ affection for the mall.

Something new, something old

PETALING Jaya’s pioneer shopping centre has undergone a RM400mil redevelopment, sporting a more modern look and an expanded retail area. But its owner is not forgetting the mall’s nostalgic value.

24 January 2015 | 12:00AM |

Business

A dismal world where oil and currencies are causing havoc

FLASHBACK 15 years to the time when the United States was in the midst of a disruptive digital revolution. By 1999, the country was having a time of its life – gross domestic product (GDP) was up 4% (double the rate of advanced nations) and unemployment was down to 4% (a 30-year low). Foreign capital flowed-in and US dollar and the SandP 500 stock index were up: US stock prices reached 30x earnings; and tech stocks went wild.

24 January 2015 | 12:00AM |

world

Pensonic plans new business model

GEORGE TOWN: Pensonic Holdings Bhd plans to adopt a new business model to market its latest smart power bank device under the fonebud brand, which had received positive reviews and response from the recent Consumer Electronic Show (CES) held in Las Vegas this month.

26 January 2015 | 12:00AM |

Corporate News

No festive cheer for ad sector

PETALING JAYA: The festive season in December failed to bring the needed respite for the advertising industry, weighing down the country’s media advertising expenditure (adex) growth at only 4.7% for 2014.

26 January 2015 | 12:00AM |

Advertising & Media

Foreign holdings in local banks likely to drop further

PETALING JAYA: Foreign shareholdings of some Malaysian banks could slip further, impacting valuations amid the weaker ringgit spurred by the decline in crude oil prices and in anticipation of interest rate hikes in the United States, said analysts.

26 January 2015 | 12:00AM |

Banking

Asean to declare single market, says Mustapa

DAVOS: Asean will officially call itself a single market by year’s end, but “big things” like seamless travel within the 10-nation bloc would only come in 2020, Malaysia’s trade minister told AFP in an interview.

26 January 2015 | 12:00AM |

Foreign News

Venezuela currency woes a threat to US firms

BOSTON: Venezuela’s deepening economic troubles, and in particular the weakness of the bolivar and restrictive currency controls, have hurt US corporate profits for the fourth quarter of 2014 and are set to inflict further pain this year.

26 January 2015 | 12:00AM |

Foreign News

SkyMall files for bankruptcy protection

NEW YORK: SkyMall, whose in-flight shopping catalogues have long been a staple of airline travel, has filed for bankruptcy protection, blaming changing consumer habits and the loss of contracts from two major carriers, Delta and Southwest.

26 January 2015 | 12:00AM |

Foreign News

All eyes on the Fed

NEW YORK: The Federal Reserve could be key for Wall Street this week as investors get to hear from the US central bank for the first time since a series of moves by its global peers, including the European Central Bank’s massive stimulus plan.

26 January 2015 | 12:00AM |

Foreign News

Italy cheers ECB bond buying plan

ROME: The European Central Bank's bond buying programme will give a decisive boost to Italy's stagnant economy, business lobby Confindustria said on Saturday, while the Bank of Italy said it would make it easier to pass reforms.

24 January 2015 | 9:39PM |

Banking

Four benefits from revised Budget 2015

Prime Minister Datuk Seri Najib Tun Razak has made some adjustments to Budget 2015 Malaysia amid falling crude oil prices to ensure sustainable development and resilience of the economy.

24 January 2015 | 9:33PM |

Economy

Big mortgage investors take first step toward suing Ocwen

NEW YORK: Major mortgage bond investors including BlackRock, MetLife and Pimco on Friday took a first step toward suing Ocwen Financial Corp , accusing it of having failed to properly collect payments on $82 billion of home loans, according to a person familiar with the matter and to documents seen by Reuters.

24 January 2015 | 9:16PM |

Banking

US seeks reversal of landmark insider trading ruling

NEW YORK: Federal prosecutors in New York on Friday asked a U.S. appeals court to reconsider a landmark ruling that curtailed their ability to pursue insider trading cases and jeopardized several convictions.

24 January 2015 | 9:13PM |

Forex

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