Business

IJM eyeing 1MDB's power generation assets

PETALING JAYA: IJM Corp Bhd former chief executive officer and managing director Datuk Teh Kean Ming (pic) leaves a diversified group that has its finger in several pies, from construction to ports and plantations, with all five of its core business units moving full steam ahead.

See Goh: ‘We want to unlock value first’.

Compugates may have just turned the corner

RM44mil sale will allow it to embark on bigger Agarwood business

Fang: ‘Things are proceeding as planned.’

Kawan Food plant on track

PETALING JAYA: Frozen food manufacturer Kawan Food Bhd’s bigger and better factory in Pulau Indah is on track to commence operations by year-end.

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The rich get richer

THE richest 1,000 families in Britain now control £547bil (RM3 trillion), an increase of 112% since the financial crisis, with London having more billionaires than any world city.

4 May 2015 | 12:00AM |

Property

New Bank Negara quidelines seen weighing on earnings.

PETALING JAYA: The recent Bank Negara revised guidelines on restructured and rescheduled (R&R) loans could hit the asset quality of banks and impact its earnings this year amid the compression in net interest margins, slower loan growth and softer capital market activities in the banking sector.

4 May 2015 | 12:00AM |

Banking

Bull market 'supercycle' for stocks, bonds ending

NEW YORK: The bull market "supercycle" for stocks and bonds is approaching an end, as the unconventional monetary policies that have bolstered asset prices since the financial crisis are running out, widely followed investor Bill Gross said on Monday.

5 May 2015 | 6:45AM |

Stocks

Agrobank to reposition its business

KUALA LUMPUR: Agrobank, which was formerly known as Bank Pertanian Malaysia Bhd aims to provide more financing for downstream activities in the agriculture industry. Its president and CEO Datuk Wan Mohd Fadzmi Wan Othman said the bank needed to reposition itself given the dynamics of the food industry today.

5 May 2015 | 12:00AM |

Banking

IJM eyes 1MDB power assets

KUALA LUMPUR: Construction group IJM Corp Bhd, which is on the lookout for power generation assets to venture into that sector, is exploring the possibility if it can acquire the power plants under 1Malaysia Development Bhd (1MDB).

4 May 2015 | 4:54PM |

Corporate News

MCT to unveil 3 more hotels in Klang Valley

KUALA LUMPUR: Integrated builder MCT Bhd, which is currently operating a 243-room hotel in Subang Jaya, will be introducing three more hotels with a combined gross development value (GDV) of over RM400mil.

4 May 2015 | 12:00AM |

Property

Credit card can be a useful tool to the discerning user.

Not all debt is bad

SINCE the US subprime mortgage crisis of 2007–2008, we have had an influx of credit and debt related news such as the European sovereign debt crisis (often referred to as the eurozone crisis), the European Central Bank’s quantitative easing (QE) programme and, closer home, 1MDB.

4 May 2015 | 12:00AM |

Banking

Petronas completes asset acquisition

BAKU: Malaysia’s state-owned oil and gas (O&G) giant Petronas has completed its transaction for the acquisition of O&G related assets in Azerbaijan, following a sales and purchase agreement it signed with Norway-based Statoil in October last year.

4 May 2015 | 12:00AM |

Oil & Gas

Sarawak business community welcomes lower power tariffs

KUCHING: The business community has lauded the Sarawak government’s decision to lower power tariffs of up to 50% from June 1. The significant reduction will benefit some 86,600 commercial and industrial consumers of state utility body, Syarikat Sesco Bhd.

5 May 2015 | 12:00AM |

Oil & Gas

Bull market 'supercycle' for stocks, bonds ending

NEW YORK: The bull market "supercycle" for stocks and bonds is approaching an end, as the unconventional monetary policies that have bolstered asset prices since the financial crisis are running out, widely followed investor Bill Gross said on Monday.

5 May 2015 | 6:45AM |

Stocks

US factory orders rebound solidly, but trend still soft

WASHINGTON: New orders for U.S. factory goods recorded their biggest increase in eight months in March, boosted by demand for transportation equipment, but the underlying trend remained weak against the backdrop of a strong dollar.

5 May 2015 | 6:41AM |

Economy

Interest in 1MDB'S power assets

PETALING JAYA: Construction group IJM Corp Bhd, which is on the lookout for power ­generation assets to get into that sector, is exploring to determine if it can acquire the power plants under 1Malaysia Development Bhd (1MDB).

5 May 2015 | 12:00AM |

Stocks

ETP, GTP report seen as confidence booster

PETALING JAYA: The 2014 report card for the Economic Transformation Programme (ETP) and Government Transformation Programme (GTP) is a confidence booster for investors, who view regular progress reports as a commitment by the Government to structural reform on all levels of the economy.

5 May 2015 | 12:00AM |

Economy

Agrobank to reposition its business

KUALA LUMPUR: Agrobank, which was formerly known as Bank Pertanian Malaysia Bhd aims to provide more financing for downstream activities in the agriculture industry. Its president and CEO Datuk Wan Mohd Fadzmi Wan Othman said the bank needed to reposition itself given the dynamics of the food industry today.

5 May 2015 | 12:00AM |

Banking

Sarawak business community welcomes lower power tariffs

KUCHING: The business community has lauded the Sarawak government’s decision to lower power tariffs of up to 50% from June 1. The significant reduction will benefit some 86,600 commercial and industrial consumers of state utility body, Syarikat Sesco Bhd.

5 May 2015 | 12:00AM |

Oil & Gas

Cahya Mata to expand cement production capacity by 60%

KUCHING: Cahya Mata Sarawak Bhd (CMS) will raise cement production capacity by almost 60% to 2.75 million tonnes per annum when its third grinding plant, currently being built, is commissioned in the first quarter of 2016.

5 May 2015 | 12:00AM |

Stocks

IJM eyes 1MDB power assets

KUALA LUMPUR: Construction group IJM Corp Bhd, which is on the lookout for power generation assets to venture into that sector, is exploring the possibility if it can acquire the power plants under 1Malaysia Development Bhd (1MDB).

4 May 2015 | 4:54PM |

Corporate News

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