MOL results delayed, Q3 earnings results pushed to Dec 3

KUALA LUMPUR: Nasdaq-listed MOL Global Inc is deferring the release of its third-quarter earnings results to Dec 3, 2014.

EPF gains from equities, it contributed 61% to total quarterly investment income

KUALA LUMPUR: The Employees Provident Fund (EPF) recorded an investment income of RM10.32bil in the third quarter ended Sept 30, 2014, driven mainly by equity investments.

Zeti: ‘It is good for the consumers because they can benefit from the lower prices.’

Bank Negara: No inflationary impact following petrol subsidy removal

KUALA LUMPUR: The abolishment of subsidies for RON95 and diesel will not have inflationary impact on the economy, says Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz.

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Weststar valued at up to RM4.8bil

PETALING JAYA: The long-awaited listing of Weststar Aviation Services is set to proceed with Tan Sri Syed Azman Syed Ibrahim aiming to raise about RM1.4bil from the exercise.

25 November 2014 | 12:00AM |


MITI to provide details of energy efficient vehicle firms in January

KUALA LUMPUR: In the upcoming review of the National Automotive Policy (NAP), the Ministry of International Trade and Industry (Miti) will reveal progress of the programme as well as details of a few companies that have decided to set up facilities for energy efficient vehicle (EEV) here.

25 November 2014 | 2:09PM |


Potential buyers looking at a scale model of the Lakeville project in Kuala Lumpur.

Mah Sing sales to hit record high

PETALING JAYA: Mah Sing Group Bhd’s sales are expected to hit new high in the last three months of the year from the record RM900mil achieved in the third quarter, buoyed by strong take-up rate of its Lakeville project in Kuala Lumpur.

24 November 2014 | 12:00AM |


BoE mulls tougher rules

LONDON: Financial institutions that settle trillions of dollars of derivative contracts a day may need to hold more capital to stop them requiring a government bailout if they fail, a senior Bank of England (BoE) official said.

26 November 2014 | 12:00AM |


A worker controls the arrival of a supply ship to the West Alfa drilling platform, which is anchored at the Cara Sea some 250 km north off Russian shore. Russia needs an oil price of US100 per barrel to balance its budget. — AP

Russia sends mixed signals on oil output

MOSCOW: Russia, in desperate need of higher oil prices, is making a last-ditch attempt to sway this week’s Organisation of the Petroleum Exporting Countries (Opec) meeting by suggesting Moscow could cut output if the group does the same.

26 November 2014 | 12:00AM |


Protasco posts losses following investments, impairments

KUALA LUMPUR: Consulting company Protasco Bhd – which has been under scrutiny by shareholders over a boardroom dispute -- posted net losses of RM69.18mil in the third quarter ended Sept 30, 2014, following the deconsolidation of an investment and provision for impairment, dragging the nine-month period into the red with losses of RM42.37mil.

25 November 2014 | 10:26PM |

Corporate News

Notion VTec posts RM25m net losses in FY14

KUALA LUMPUR: Notion VTec Bhd posted net losses of RM9.52mil in the in the fourth quarter ended Sept 30, 2014 and net losses of RM25.64mil in FY14, which was a stark contrast from a year ago following losses from its investment in mining company Alcyone Resources Ltd.

25 November 2014 | 9:36PM |

Corporate News

DiGi, Petronas Gas underpin KLCI’s gains

KUALA LUMPUR: Malaysia’s blue chips held on to their gains to close near 1,840 on Tuesday, underpinned by fund buying of DiGi, Petronas Gas and Petronas Chemicals but the broader market was mixed on profit taking.

25 November 2014 | 6:41PM |

Corporate News

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