Business

Bandar Malaysia devt plan gets proposals from 12 companies

KUALA LUMPUR: Twelve companies have submitted proposals for the final stage of evaluation to participate as development partners in the 486-acre Bandar Malaysia project in Sungai Besi.

MoF courts defence services provider Destini

PETALING JAYA: The Government, through the Minister of Finance Inc (MoF Inc), is believed to have acquired a substantial stake in defence services provider and contractor Destini Bhd, a move that would raise the profile of the company.

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.

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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

Malaysia, Indonesia are not weak links

PETALING JAYA: Malaysia and Indonesia look like the “weak links in the region, but they actually have better metrics” compared with similarly rated sovereigns, including commodity-exporting emerging market (EM) peers, according to Nomura Research.

1 September 2015 | 12:00AM |

Asean

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

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

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

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

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