Business

Consumers are expected to adopt a “wait-and-see” approach on the prices of goods and services before resuming their purchases following the implementation of GST.

Retail sector likely to expand by 5.5%

PETALING JAYA: The retail industry is expected to grow by 5.5% in 2015 from an earlier projected figure of 6%, according to Retail Group Malaysia, a retail research firm.

From left: Kedah executive committee member Datuk Dr Ku Abd Rahman Ku Ismail, Mukhriz, Ahmad and Malaysia Automotive Institute CEO Mohd Madani Sahari at the car launch.

GoAuto to invest RM250m in Gurun

GURUN: Go Automobile Manu-facturing Sdn Bhd (GoAuto) has spread its wings here with a new investment of RM250mil to build a second plant.

AirAsia earnings still intact

PETALING JAYA: Industry analysts generally concur that AirAsia Bhd’s earnings prospect remains intact despite its decision to abolish fuel surcharges across all airlines in the group.

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KLCI surges on Petronas stocks, Public Bank

KUALA LUMPUR: Malaysia’s blue chips index jumped to a high of 1,810 in early trade on Tuesday, underpinned by gains in Petronas-linked stocks, Public Bank and Hong Leong Bank.

27 January 2015 | 9:35AM |

Markets

SC rejects Chemara

PETALING JAYA: The Securities Commission (SC) has rejected Chemara Palmea Holdings Bhd’s application to become a plantation-focused special-purpose acquisition company (SPAC), making it the fourth company to be turned down by the regulator since the introduction of rules that enabled the listing of these vehicles in 2009.

27 January 2015 | 12:00AM |

Chemara Palmea

Oil slides despite OPEC talk of a floor

NEW YORK: Oil fell in see-saw trade on Monday, with U.S. crude ending at its lowest in nearly six years, as traders discounted comments from OPEC's top official about the market finally finding a bottom.

27 January 2015 | 8:15AM |

Oil & Gas

A machine makes engravings on an ingot of 99.99 percent pure gold at the Krastsvetmet nonferrous metals plant in Russia's Siberian city of Krasnoyarsk. Russia increased its bullion holdings by 20.73 tonnes to 1,208.23 tonnes in December 2014 - Reuters Photo.

Russia raises gold holdings for 9th month in a row

SINGAPORE: Russia raised its gold reserves for a 9th straight month in December as the country continued to add to the fifth biggest gold holdings in the world, data from the International Monetary Fund showed on Tuesday.

27 January 2015 | 10:06AM |

Commodities

Lim reprimanded, fined RM140,000

PETALING JAYA: Bursa Malaysia has publicly reprimanded and imposed a fine of RM140,000 on Lim Chin Wat and ordered a restriction on him from being a registered person of the bourse for 12 months.

27 January 2015 | 12:00AM |

Bursa

Kwasa Land lists 21 developers

KUALA LUMPUR: Kwasa Land Sdn Bhd,the master developer of the iconic Kwasa Damansara township in Sungei Buloh, has named 21 Tier-2 developers who had been successfully pre-qualified for its next Request for Proposal (RFP) R2-1.

26 January 2015 | 1:59PM |

Property

A machine makes engravings on an ingot of 99.99 percent pure gold at the Krastsvetmet nonferrous metals plant in Russia's Siberian city of Krasnoyarsk. Russia increased its bullion holdings by 20.73 tonnes to 1,208.23 tonnes in December 2014 - Reuters Photo.

Russia raises gold holdings for 9th month in a row

SINGAPORE: Russia raised its gold reserves for a 9th straight month in December as the country continued to add to the fifth biggest gold holdings in the world, data from the International Monetary Fund showed on Tuesday.

27 January 2015 | 10:06AM |

Commodities

KLCI surges on Petronas stocks, Public Bank

KUALA LUMPUR: Malaysia’s blue chips index jumped to a high of 1,810 in early trade on Tuesday, underpinned by gains in Petronas-linked stocks, Public Bank and Hong Leong Bank.

27 January 2015 | 9:35AM |

Markets

CIMB Research retains Hold on KLCCP

KUALA LUMPUR: CIMB Equities Research is maintaining its Hold recommendation for KLCC Properties (KLCCP) as its outlook remains dry as there are unlikely to be any acquisitions in the near-term.

27 January 2015 | 8:48AM |

Analyst Reports

Petrobras may book $20 bln asset write-down

SAO PAULO: Brazilian state-controlled oil company Petróleo Brasileiro SA could take a charge of about 52 billion reais ($20 billion) in its delayed third-quarter results to reduce the value of some assets, a Veja magazine blog said on Monday.

27 January 2015 | 8:21AM |

Corporate News

Wall St rises after Greek elections

NEW YORK: U.S. stocks edged higher on Monday as investors brushed off fears that a leftist victory in Greece would bring fresh crisis to the Eurozone and energy stocks advanced.

27 January 2015 | 8:16AM |

Markets

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