Business

Ultimatum for Malaysia Airlines unions

PETALING JAYA: The proposed law governing Malaysia Airlines Bhd (MAB), the new company that will take over Malaysian Airlines System Bhd (MAS), spells out clearly the terms that ensure unions and associations come to the negotiating table within a stipulated timeframe or risk losing out in any decision-making.

Khazanah is looking to re-negotiate MAS’ contracts with the employees and suppliers, as well as reducing the workforce by some 6,000 people.

Full immunity for Malaysia Airlines administrator

PETALING JAYA: The administrator of Malaysia Airlines (MAS) will have full immunity when exercising its power in running the operations of the national carrier.

Ooi (left) and Tey speaking to the media.

Drama at Protasco EGM, new twist in boardroom tussle

KUALA LUMPUR: It was supposed to be D-Day for Protasco Bhd shareholders as they were to vote on removing company directors at an EGM.

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Kuwait Finance House CEO resigns

PETALING JAYA: Datuk Seri Abdul Hamidy Abdul Hafiz, the chief executive officer (CEO) of Kuwait Finance House (M) Bhd (KFH), has tendered his resignation.

27 November 2014 | 12:00AM |

Stocks

FGV’s Q3 revenue up 34% to RM4.32b

KUALA LUMPUR: Driven by the consolidation of Felda Holdings Bhd (FHB) and Pontian United Plantations Bhd (PUP), Felda Global Ventures Holdings Bhd’s (FGV) revenue jumped 34% to RM4.32bil for the third quarter ended Sept 30 compared to a year earlier.

27 November 2014 | 1:48PM |

Corporate News

Foreign funds turn net sellers on Bursa Malaysia

KUALA LUMPUR: Malaysia’s blue chips slipped in early Thursday trade on some selling on Telekom Malaysia, Petronas Dagangan and SapuraKencana Petroleum (SKPetro) after the recent buying interest while foreign funds were net sellers the previous day.

27 November 2014 | 9:35AM |

Corporate News

Asia shares edge higher, oil tumbles to 4 year low

TOKYO: Asian stocks hit a one-month high on Thursday as investors bet that more central bank stimulus in China and Europe would shore up the global economy, while oil prices tumbled to a four-year low as hopes for output cuts by OPEC faded.

27 November 2014 | 11:47AM |

Markets

Singapore central bank may do more to contain household debt

SINGAPORE: Some highly leveraged households in Singapore may be vulnerable if interest rates rise or the economy slows, its central bank said on Thursday, adding that it will take more steps if needed to keep household debt at manageable levels.

27 November 2014 | 12:15PM |

Banking

FGV’s Q3 revenue up 34% to RM4.32b

KUALA LUMPUR: Driven by the consolidation of Felda Holdings Bhd (FHB) and Pontian United Plantations Bhd (PUP), Felda Global Ventures Holdings Bhd’s (FGV) revenue jumped 34% to RM4.32bil for the third quarter ended Sept 30 compared to a year earlier.

27 November 2014 | 1:48PM |

Corporate News

Singapore central bank may do more to contain household debt

SINGAPORE: Some highly leveraged households in Singapore may be vulnerable if interest rates rise or the economy slows, its central bank said on Thursday, adding that it will take more steps if needed to keep household debt at manageable levels.

27 November 2014 | 12:15PM |

Banking

Asia shares edge higher, oil tumbles to 4 year low

TOKYO: Asian stocks hit a one-month high on Thursday as investors bet that more central bank stimulus in China and Europe would shore up the global economy, while oil prices tumbled to a four-year low as hopes for output cuts by OPEC faded.

27 November 2014 | 11:47AM |

Markets

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