Business

Hong Leong Bank posts higher earnings

KUALA LUMPUR: Hong Leong Bank Bhd posted higher earnings of nearly RM520mil in the third quarter ended March 31, 2015 underpinned by healthy growth in net interest income, improved asset quality and strong profit contribution from associates.

PUBLIC Accounts Committee (PAC) chairman Datuk Nur Jazlan Mohamed speaks during a press conferences after he a meeting at Parliament today.AZHAR MAHFOF/The star (25/5/2019)

Auditors under scrutiny in 1MDB probe

PETALING JAYA: The auditors of 1Malaysia Development Bhd (1MDB) will now be the focus of the inquiry by the Public Accounts Committee (PAC) after two key witnesses asked for a delay to appear before the committee.

TNB loses RM6bil in value over six days

PETALING JAYA: The mere speculation of purchasing the power assets under 1Malaysia Development Bhd (1MDB) had caused Tenaga Nasional Bhd (TNB) to lose some RM6bil in value over the last six trading days.

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Bumi Armada unit faces RM113m claim

KUALA LUMPUR: Bumi Armada Bhd’s unit is facing a claim of 28.5mil euros (RM113mil) from SEA Srl over a service contract for the post trenching and backfilling services.

26 May 2015 | 10:02AM |

Corporate News

Malaysian stocks continue downtrend

PETALING JAYA: Bucking the trend of Asian markets that were generally on an uptrend, the FTSE Bursa Malaysia KL Composite Index (FBM KLCI) continued its downtrend, as it shed another 20.12 points or 1.13% to close at 1,767.38 points yesterday on the back of rising political undercurrents in the market. While global investors were net purchasers of Asian equity last week, they continued to be net sellers of Malaysian equity.

26 May 2015 | 12:00AM |

Stocks

EPF i-Akaun usage increases 100%

KUALA LUMPUR: The usage of i-Akaun, an online facility to check Employees Provident Fund (EPF) savings, has increased to over 100% in the first quarter ended March 31.

25 May 2015 | 6:10PM |

Business News

Samsung to merge two major units

Samsung Group announced the merger of two major affiliates, as the South Korean business giant accelerates restructuring efforts ahead of a generational power transfer within the founding Lee family.

26 May 2015 | 12:40PM |

Corporate News

M'sia able to provide range of halal services

XI'AN: Malaysia can provide the complete range of globally recognised halal services embracing food production and processing to halal product traceability, said Agriculture and Agrobased Industry Minister, Datuk Seri Ismail Sabri Yaakob.

26 May 2015 | 12:32PM |

Business News

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