Business

TNB unable to determine impact of lower energy prices yet

KUALA LUMPUR: Tenaga Nasional Bhd (TNB) is unable to determine the impact of lower energy prices and the weaker ringgit on the company and will not be adjusting tariffs yet.

Ahmad Phesal (2nd from left) exchanging documents with Suhaimi. With them are (from left) DBKL deputy director general for project implementation Datuk Mohd Najib Mohammad, DBKL board of advisors Wilson Lau and DBKL deputy director general Datuk Normah Malik.

Tie-up on zero-emission vehicle charging stations

KUALA LUMPUR: KL Electric Mobility Sdn Bhd (KLEM), a wholly-owned subsidiary of US-based Masers Energy Inc, is investing RM1.5bil to set up 3,000 charging stations for zero-emission vehicles within Kuala Lumpur’s Golden Triangle over the next two years.

Ahmad and Zarinah at the launch of MDV’s new corporate strategy

Malaysia’s economy will stay resilient next year

KUALA LUMPUR: Malaysia’s economy will still be healthy and resilient next year even though it is facing the problem of lower crude oil prices and a weaker currency, said Deputy Finance Minister I Datuk Ahmad Maslan.

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Chinese shopping 'agents' cash in on Russian currency slide

SHANGHAI: In Blagoveshchensk on Russia's side of the Chinese border, Mou Jiani has turned her home into a warehouse, stocking up on Apple Inc iPhones, handbags and milk powder to sell back home as Chinese shoppers take advantage of the rouble's slide.

19 December 2014 | 7:06AM |

Banking

Inflation up 3% in November

PETALING JAYA: Inflation rate, measured by the consumer price index (CPI), rose 3% in November from 2.8% in October, exceeding economists’ forecast of a slower-paced 2.7% growth.

18 December 2014 | 12:00AM |

inflation

Nirvana CEO: Opportunity to accumulate shares

HONG KONG: Integrated death care service provider Nirvana Asia Ltd that made its debut amid weak market sentiments on the Hong Kong Exchange yesterday feels the current valuation provides an opportunity for investors to accumulate the shares.

18 December 2014 | 12:00AM |

Nirwana

Alcatel-Lucent shares jump 8% on Nokia merger report

LONDON/HELSINKI: Two of Europe's top three remaining telecommunications equipment companies, Nokia Networks and Alcatel-Lucent, have revived talks on a possible merger, Germany's Manager Magazin reported on Thursday, citing company sources.

19 December 2014 | 7:02AM |

Stocks

Malaysian palm oil edges up, heavy rains eyed

KUALA LUMPUR/JAKARTA: Malaysian palm oil futures edged up on Thursday, swelled by a jump in crude oil prices, while wet weather warnings across parts of the second-largest grower stoked concern that yields of the tropical oil will drop this month

19 December 2014 | 7:13AM |

Palm Oil

BIMB Research sees bargain hunting on Bursa

KUALA LUMPUR: BIMB Securities Research expects bargain hunting to continue on Thursday but its upside may be limited by the persistent foreign sell-down thus envisage the FBM KLCI to test the 1,690 level.

18 December 2014 | 8:36AM |

Economy

Government to unveil steps to further bolster economy

KUALA LUMPUR: The Government is expected to announce measures to further bolster the economy soon following the recent fall in the value of the ringgit, said International Trade and Industry Deputy Minister Datuk Hamim Samuri.

18 December 2014 | 12:00AM |

Economy

Khazanah, upset with Jentayu, postpones meeting

KUALA LUMPUR: Khazanah Nasional Bhd is dismayed with Jentayu Danaraksa Sdn Bhd's "unprofessionalism" in presenting its proposed complementary plan to rescue ailing Malaysia Airlines (MAS), describing it as "a very unusual way of conducting business in corporate Malaysia", sources said on Thursday.

18 December 2014 | 1:08PM |

Airlines

The Japan Automobile Manufacturres Association says there is a "sense of crisis" hanging over the industry, as domestic sales remain anaemic - AFP Photo.

Japan auto lobby sounds alarm over weak domestic sales

TOKYO: The head of Japan's auto lobby on Thursday said a "sense of crisis" hung over the industry, with unexpectedly weak domestic sales revealing the failure of government stimulus policies and currency turmoil hitting key export markets.

18 December 2014 | 3:21PM |

Foreign News

World Bank cuts 2015 Malaysia GDP forecast

PUTRAJAYA: The World Bank has cut its 2015 growth forecast for Malaysia’s economy to 4.7% from an earlier estimate of 4.9% on expectations of slower export growth and investments in the oil and gas industry as well as moderate private consumption next year.

18 December 2014 | 12:00AM |

Business

Merrier times ahead for retail sector

PETALING JAYA: The local retail sector is expected to register steady sales growth in the final quarter of 2014 and first quarter of 2015, buoyed by the Christmas and Chinese New Year (CNY) festive holidays.

18 December 2014 | 12:00AM |

retail

Malaysian palm oil edges up, heavy rains eyed

KUALA LUMPUR/JAKARTA: Malaysian palm oil futures edged up on Thursday, swelled by a jump in crude oil prices, while wet weather warnings across parts of the second-largest grower stoked concern that yields of the tropical oil will drop this month

19 December 2014 | 7:13AM |

Palm Oil

Chinese shopping 'agents' cash in on Russian currency slide

SHANGHAI: In Blagoveshchensk on Russia's side of the Chinese border, Mou Jiani has turned her home into a warehouse, stocking up on Apple Inc iPhones, handbags and milk powder to sell back home as Chinese shoppers take advantage of the rouble's slide.

19 December 2014 | 7:06AM |

Banking

Alcatel-Lucent shares jump 8% on Nokia merger report

LONDON/HELSINKI: Two of Europe's top three remaining telecommunications equipment companies, Nokia Networks and Alcatel-Lucent, have revived talks on a possible merger, Germany's Manager Magazin reported on Thursday, citing company sources.

19 December 2014 | 7:02AM |

Stocks

Wall St. has best second day gain in three years

NEW YORK: The S&P 500 closed out its biggest two-day advance since November 2011 on Thursday, extending a Federal Reserve-fueled rally from the previous session, while tech shares jumped after Oracle results.

19 December 2014 | 6:54AM |

Stocks

Positive view on CMS cement ops

CAHYA Mata Sarawak’s (CMS) cement division is operating at full capacity, while margins have improved following the 5%-9% average selling price hike in February, according to AllianceDBS Research.

19 December 2014 | 12:00AM |

Stocks

Due diligence on 1MDB plant still ongoing

KUALA LUMPUR: Tenaga Nasional Bhd (TNB) is still conducting its due diligence to decide whether it will take up a stake in 1Malaysia Development Bhd’s (1MDB) Jimah East coal-fired power plant.

19 December 2014 | 12:00AM |

Stocks

Ahmad Maslan: 1MDB should engage more with the public

KUALA LUMPUR: The management of state investment fund 1Malaysia Development Bhd (1MDB) should increase public engagement to be more transparent and avoid any unclear accusations against the company, said Deputy Finance Minister I Datuk Ahmad Maslan.

19 December 2014 | 12:00AM |

Stocks

Interested buyers of the Setia EcoHill project started queuing up early in the morning to book their units.

Strong launch in township

SP SETIA Bhd launched a new phase of double-storey terraced houses in its Setia EcoHill township development Setia EcoHill recently.

19 December 2014 | 12:00AM |

Property

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