Business

Stiffer penalties for telcos and broadcasting industries

PETALING JAYA: Companies in the telecommunications and broadcasting industries will be subjected to stiffer penalties that at the moment are described as measly by the minister in charge of ensuring the operators providing services toe the line.

IFCA MSC slumps after CFO resigns (Update)

KUALA LUMPUR: IFCA MSC warrants and shares fell to their lowest since mid-April, triggered by rising investor worries following the resignation of its chief financial officer without any news of a fresh appointment.

Shahril: ‘We will have 10 main packages compared to eight in the first line.’

RM10bil MRT tunnelling job, tender to start this week,

KUALA LUMPUR: The tunnelling job for mass rapid transit (MRT) line 2 is expected to be about RM10bil, the most expensive package of the RM28bil project.

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Will the May-Sept romance on the stock market turn rocky?

IN view of the consensus for a US rate hike in September, will the May-September romance on the stock market turn rocky? This is the question on most investors’ minds as the equities bet is left standing with a lot of changes happening in the last four weeks that have gone against expectations.

25 May 2015 | 12:00AM |

Stocks

Khazanah picks administrator for Malaysia Airlines

KUALA LUMPUR: Khazanah Nasional Bhd has appointed Datuk Mohammad Faiz Azmi as administrator for Malaysian Airline System Bhd (MAS) from Monday as it transitions to the new company Malaysia Airlines Bhd (MAB).

25 May 2015 | 9:54AM |

Airlines

Accounting grads get head start to professional qualifications

KUALA SELANGOR: Towards meeting Malaysia's requirement for 60,000 qualified accountants by 2020, two memoranda of understanding (MoU) were exchanged today between Talent Corporation Malaysia Bhd TalentCorp), Universiti Teknologi MARA (UiTM) and two professional accounting bodies - CPA Australia and the Chartered Institute of Management Accountants (CIMA).

25 May 2015 | 4:21PM |

Business News

Commercial banks support home ownership

KUALA LUMPUR: Commercial banks in Malaysia have come out in full support of the government’s initiatives to assist households from low and middle-income groups to buy their own homes, says The Association of Banks Malaysia (ABM).

25 May 2015 | 4:09PM |

Business News

Tenaga, Sime Darby under pressure while IFCA MSC skids

KUALA LUMPUR: Tenaga Nasional and Sime Darby fell on Monday on fund selling and erased nearly seven points from the FBM KLCI at the midday break while IFCA MSC attracted attention after the sharp fall in its share price.

25 May 2015 | 1:36PM |

Markets

Dollar back in vogue on CPI boost, Yellen's comments

LONDON: The dollar was firm near a two-month high against the yen on Monday and held gains against the euro after stronger-than-expected underlying U.S. inflation supported the Federal Reserve's case for an interest rate hike later this year.

25 May 2015 | 3:44PM |

Business News

MHB expects challenging outlook

PETALING JAYA: Malaysia Marine and Heavy Engineering Malaysia Bhd (MHB) foresees a challenging outlook as the oil and gas market for fabricators market is crowded with hungry players.

25 May 2015 | 3:21PM |

Business News

Plenitude extends period of takeover offer for Nomad

KUALA LUMPUR: Property developer Plenitude Bhd has extended the closing date of its offer for shares in The Nomad Group Bhd (TNGB) by two weeks to June 10 after getting enough valid acceptances to turn its offer unconditional.

25 May 2015 | 4:56PM |

Property

Accounting grads get head start to professional qualifications

KUALA SELANGOR: Towards meeting Malaysia's requirement for 60,000 qualified accountants by 2020, two memoranda of understanding (MoU) were exchanged today between Talent Corporation Malaysia Bhd TalentCorp), Universiti Teknologi MARA (UiTM) and two professional accounting bodies - CPA Australia and the Chartered Institute of Management Accountants (CIMA).

25 May 2015 | 4:21PM |

Business News

Commercial banks support home ownership

KUALA LUMPUR: Commercial banks in Malaysia have come out in full support of the government’s initiatives to assist households from low and middle-income groups to buy their own homes, says The Association of Banks Malaysia (ABM).

25 May 2015 | 4:09PM |

Business News

Dollar back in vogue on CPI boost, Yellen's comments

LONDON: The dollar was firm near a two-month high against the yen on Monday and held gains against the euro after stronger-than-expected underlying U.S. inflation supported the Federal Reserve's case for an interest rate hike later this year.

25 May 2015 | 3:44PM |

Business News

MHB expects challenging outlook

PETALING JAYA: Malaysia Marine and Heavy Engineering Malaysia Bhd (MHB) foresees a challenging outlook as the oil and gas market for fabricators market is crowded with hungry players.

25 May 2015 | 3:21PM |

Business News

Singapore CPI falls 0.5% in April

SINGAPORE: The Singapore consumer price index (CPI)-All Items inflation eased to -0.5% in April from -0.3% in March, mainly on account of a sharper price decline in oil-related items and a moderation in services inflation.

25 May 2015 | 3:10PM |

Business News

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