Business

Ultimatum for Malaysia Airlines unions

PETALING JAYA: The proposed law governing Malaysia Airlines Bhd (MAB), the new company that will take over Malaysian Airlines System Bhd (MAS), spells out clearly the terms that ensure unions and associations come to the negotiating table within a stipulated timeframe or risk losing out in any decision-making.

Khazanah is looking to re-negotiate MAS’ contracts with the employees and suppliers, as well as reducing the workforce by some 6,000 people.

Full immunity for Malaysia Airlines administrator

PETALING JAYA: The administrator of Malaysia Airlines (MAS) will have full immunity when exercising its power in running the operations of the national carrier.

Ooi (left) and Tey speaking to the media.

Drama at Protasco EGM, new twist in boardroom russel

KUALA LUMPUR: It was supposed to be D-Day for Protasco Bhd shareholders as they were to vote on removing company directors at an EGM.

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Kuwait Finance House CEO resigns

PETALING JAYA: Datuk Seri Abdul Hamidy Abdul Hafiz, the chief executive officer (CEO) of Kuwait Finance House (M) Bhd (KFH), has tendered his resignation.

27 November 2014 | 12:00AM |

Stocks

KNM Q3 earnings soar 160% to RM16.44m

KUALA LUMPUR: KNM Group Bhd saw its net profit jump almost 160% to RM16.44mil in the third quarter ended Sept 30, 2014 from RM6.32mil due to better margin contribution and lower operating cost.

26 November 2014 | 3:25PM |

Corporate News

Honda recalled cars with Takata air bags in 2002

DETROIT: Honda Motor Co recalled a small number of cars equipped with Takata Corp air bags in March 2002, two years before the first known injury that Honda and Takata have linked to a defective air bag inflator, Reuters has learned.

27 November 2014 | 7:14AM |

Maybank poised for better 2015, says CIMB Research

KUALA LUMPUR: CIMB Equities Research said while 2014 has proven to be a tough one for Malayan Banking (Maybank), it envisages better prospects in 2015, premised on improvements in the operating environment in Indonesia, and the stabilised growth in Malaysia.

27 November 2014 | 8:38AM |

Analyst Reports

Weaker revenues for Telekom Malaysia

KUALA LUMPUR: CIMB Equities Research said Telekom Malaysia’s core net profit for the third quarter ended Sept 30, 2014 (Q3, FY14) fell 10.5% on-quarter (-29.1% on-year) due to lower revenues across all business segments.

27 November 2014 | 8:54AM |

Analyst Reports

Maybank poised for better 2015, says CIMB Research

KUALA LUMPUR: CIMB Equities Research said while 2014 has proven to be a tough one for Malayan Banking (Maybank), it envisages better prospects in 2015, premised on improvements in the operating environment in Indonesia, and the stabilised growth in Malaysia.

27 November 2014 | 8:38AM |

Analyst Reports

Honda recalled cars with Takata air bags in 2002

DETROIT: Honda Motor Co recalled a small number of cars equipped with Takata Corp air bags in March 2002, two years before the first known injury that Honda and Takata have linked to a defective air bag inflator, Reuters has learned.

27 November 2014 | 7:14AM |

Thomas Cook hit by shock CEO departure, slowing growth

LONDON: British holiday company Thomas Cook defended its decision to replace Chief Executive Harriet Green on Wednesday after the abrupt departure of the woman credited with reviving the business hammered its shares.

27 November 2014 | 6:56AM |

Stocks

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