Business

US dollar peg to remain, says HK chief executive

KUALA LUMPUR: The policy to keep the Hong Kong dollar pegged against the US dollar will remain although the Asian currencies have come under increasing pressure due to the volatility in the dollar.

Sarawak Energy chief executive Datuk Torstein Dale Sjotveit. - ZULAZHAR SHEBLEE / THE STAR

Sarawak’s Baleh dam will have 1,285-MW capacity

KUCHING: The proposed Baleh hydroelectric dam, which Sarawak Energy Bhd (SEB) plans to build to boost its power generation capacity, will have an installed capacity of 1,285 MW.

Ter is mainly injecting shares of his private property companies.

QL to take up stake in Sunsuria

PETALING JAYA: Agri-food and poultry giant QL Resources Bhd is poised to emerge as a substiantial shareholder in property developer Sunsuria Bhd, which is embarking on the Xiamen University Malaysia Campus property development project in Sepang, said sources.

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Why Malaysians rejected proposed EPF withdrawal age

The Prime Minister Datuk Seri Najib Tun Razak made an announcement that had many Malaysians let out a sigh of relief. The hotly debated Employees Provident Fund’s (EPF) proposal of raising the full withdrawal age from 55 to 60, had many Malaysians worried.

26 April 2015 | 2:04PM |

Personal Finance

Ruthless VW patriarch Piech overplays last hand

FRANKFURT: Ferdinand Piech's iron-fisted rule over Volkswagen helped him build an empire spanning fuel-efficient city cars to 40-tonne trucks, but in the end he overplayed his hand and was forced out before reaching his goal of making VW the world's biggest carmaker.

26 April 2015 | 1:52PM |

Automotive

Central banks’ ability to pilot economies in doubt

LONDON: Most central banks have been easing policy since the start of the year and are set to do more, but it still isn’t clear whether that new activism, which has pushed stock markets to record highs, will help the global economy much.

27 April 2015 | 12:00AM |

global

ASE to invest RM300mil in new plant

GEORGE TOWN: ASE Group, one of the world’s largest integrated circuit (IC) test and packaging house, is investing over RM300mil for its new RM50mil plant in Bayan Lepas over the next three to five years.

27 April 2015 | 12:00AM |

ASE Group

Cuts to pay and perks trigger flight from China's state bank

SHANGHAI/HONG KONG: Bankers at China's top state lenders are quitting in increasing numbers because of cuts to their pay and perks, and moving to a new breed of financial firms such as leasing companies, trusts and online platforms, bankers and headhunters say.

26 April 2015 | 1:57PM |

Banking

India’s Ratan Tata buys stake in Xiaomi

MUMBAI: Ratan Tata (pic), chairman emeritus of the holding company of India’s Tata conglomerate, has acquired a stake in Xiaomi Technology, a deal that is likely to bolster the Chinese phone maker’s presence in the world’s third-largest smartphone market.

27 April 2015 | 12:00AM |

xiaomi

Islamic reinsurance gets facelift

ISLAMIC reinsurance (retakaful) is getting a face-lift because of new entrants and a widening market for syariah-compliant insurance products, helping move the industry away from long-standing reliance on conventional reinsurance lines.

27 April 2015 | 12:00AM |

takaful

Like shale oil, solar power is shaking up global energy

SINGAPORE/TOKYO: One by one, Japan is turning off the lights at the giant oil-fired power plants that propelled it to the ranks of the world's top industrialised nations. With nuclear power in the doldrums after the Fukushima disaster, it's solar energy that is becoming the alternative.

26 April 2015 | 1:55PM |

Corporate News

Perodua president and chief executive officer Datuk Aminar Rashid Salleh at the launch of the company’s newly launched Myvi on Jan 15.

Perodua Q1 sales jump 30%

PETALING JAYA: Perusahaan Otomobil Kedua Sdn Bhd’s (Perodua) vehicle sales for the first quarter ended March 31 jumped 30% to 57,200 units from 44,024 units in the corresponding quarter last year due to strong demand for its current models.

27 April 2015 | 12:00AM |

perodua

Solar power the way to go

SINGAPORE: One by one, Japan is turning off the lights at the giant oil-fired power plants that propelled it to the ranks of the world’s top industrialised nations. With nuclear power in the doldrums after the Fukushima disaster, it’s solar energy that is becoming the alternative.

27 April 2015 | 12:00AM |

solar

ASE to invest RM300mil in new plant

GEORGE TOWN: ASE Group, one of the world’s largest integrated circuit (IC) test and packaging house, is investing over RM300mil for its new RM50mil plant in Bayan Lepas over the next three to five years.

27 April 2015 | 12:00AM |

ASE Group

Solar power the way to go

SINGAPORE: One by one, Japan is turning off the lights at the giant oil-fired power plants that propelled it to the ranks of the world’s top industrialised nations. With nuclear power in the doldrums after the Fukushima disaster, it’s solar energy that is becoming the alternative.

27 April 2015 | 12:00AM |

solar

India’s Ratan Tata buys stake in Xiaomi

MUMBAI: Ratan Tata (pic), chairman emeritus of the holding company of India’s Tata conglomerate, has acquired a stake in Xiaomi Technology, a deal that is likely to bolster the Chinese phone maker’s presence in the world’s third-largest smartphone market.

27 April 2015 | 12:00AM |

xiaomi

Islamic reinsurance gets facelift

ISLAMIC reinsurance (retakaful) is getting a face-lift because of new entrants and a widening market for syariah-compliant insurance products, helping move the industry away from long-standing reliance on conventional reinsurance lines.

27 April 2015 | 12:00AM |

takaful

Perodua president and chief executive officer Datuk Aminar Rashid Salleh at the launch of the company’s newly launched Myvi on Jan 15.

Perodua Q1 sales jump 30%

PETALING JAYA: Perusahaan Otomobil Kedua Sdn Bhd’s (Perodua) vehicle sales for the first quarter ended March 31 jumped 30% to 57,200 units from 44,024 units in the corresponding quarter last year due to strong demand for its current models.

27 April 2015 | 12:00AM |

perodua

Central banks’ ability to pilot economies in doubt

LONDON: Most central banks have been easing policy since the start of the year and are set to do more, but it still isn’t clear whether that new activism, which has pushed stock markets to record highs, will help the global economy much.

27 April 2015 | 12:00AM |

global

Why Malaysians rejected proposed EPF withdrawal age

The Prime Minister Datuk Seri Najib Tun Razak made an announcement that had many Malaysians let out a sigh of relief. The hotly debated Employees Provident Fund’s (EPF) proposal of raising the full withdrawal age from 55 to 60, had many Malaysians worried.

26 April 2015 | 2:04PM |

Personal Finance

Cuts to pay and perks trigger flight from China's state bank

SHANGHAI/HONG KONG: Bankers at China's top state lenders are quitting in increasing numbers because of cuts to their pay and perks, and moving to a new breed of financial firms such as leasing companies, trusts and online platforms, bankers and headhunters say.

26 April 2015 | 1:57PM |

Banking

Like shale oil, solar power is shaking up global energy

SINGAPORE/TOKYO: One by one, Japan is turning off the lights at the giant oil-fired power plants that propelled it to the ranks of the world's top industrialised nations. With nuclear power in the doldrums after the Fukushima disaster, it's solar energy that is becoming the alternative.

26 April 2015 | 1:55PM |

Corporate News

Ruthless VW patriarch Piech overplays last hand

FRANKFURT: Ferdinand Piech's iron-fisted rule over Volkswagen helped him build an empire spanning fuel-efficient city cars to 40-tonne trucks, but in the end he overplayed his hand and was forced out before reaching his goal of making VW the world's biggest carmaker.

26 April 2015 | 1:52PM |

Automotive

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