Business

Corus Hotel Hyde Park is among the assets owned by MUI.

MUI in talks for sale of certain ‘substantial’ assets

PETALING JAYA: Malayan United Industries Bhd (MUI) is exploring the possibility of disposing of certain “substantial” assets and is currently in talks with a potential buyer.

Husni: ‘We expect two more companies to be listed by year-end’.

Teraju creates RM46.5bil worth of business

KUALA LUMPUR: The Government’s Bumiputra Agenda Steering Unit (Teraju) established in 2011, has created some RM46.5bil worth of business opportunities, financing and human capital development for bumiputras as at June this year.

National Automotive Policy review in mid-January

KUALA LUMPUR: The International Trade and Industry Ministry plans to reveal the progress of the National Automotive Policy (NAP) 2014 and announce details of a few companies that have decided to set up facilities for energy-efficient vehicles (EEV) here in the middle of next January.

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Telekom Malaysia posts Q3 earnings of RM188.85m

KUALA LUMPUR: Telekom Malaysia Bhd posted earnings of RM188.85mil in the third quarter ended Sept 30, down 21.6% from RM240.88mil a year ago on higher operating costs and tax charges but it remains upbeat for the year.

26 November 2014 | 1:41PM |

Corporate News

Petronas' LNG project, two gas pipelines, approved by British Columbia

VANCOUVER: British Columbia has approved a liquefied natural gas export terminal being developed by Malaysia's Petronas, along with two pipelines to service the province's fledging LNG industry, the province's Ministry of Environment said on Tuesday.

26 November 2014 | 11:01AM |

Protasco posts losses following investments, impairments

KUALA LUMPUR: Consulting company Protasco Bhd – which has been under scrutiny by shareholders over a boardroom dispute -- posted net losses of RM69.18mil in the third quarter ended Sept 30, 2014, following the deconsolidation of an investment and provision for impairment, dragging the nine-month period into the red with losses of RM42.37mil.

25 November 2014 | 10:26PM |

Corporate News

Singapore restates reclamation concerns to Malaysia

SINGAPORE: Singapore restated its concerns to Malaysia over land reclamation projects in the Strait of Johor, given their close proximity to Singapore, the Straits Times reported, citing the Environment and Water Resources Minister.

26 November 2014 | 10:21AM |

AFG Q2 earnings up 37% to RM180m

KUALA LUMPUR: Alliance Financial Group Bhd posted a 37% increase in net profit to RM180.33mil in the second quarter ended Sept 30, 2014, compared with RM131.24mil a year ago.

26 November 2014 | 2:11PM |

Banking

Telekom Malaysia posts Q3 earnings of RM188.85m

KUALA LUMPUR: Telekom Malaysia Bhd posted earnings of RM188.85mil in the third quarter ended Sept 30, down 21.6% from RM240.88mil a year ago on higher operating costs and tax charges but it remains upbeat for the year.

26 November 2014 | 1:41PM |

Corporate News

Apple market value hits US$700bil

A rise in Apple shares pushed the market value of the trend-setting US tech icon above US$700bil (RM2.34tril), becoming the first company to hit that milestone.

26 November 2014 | 11:55AM |

Foreign News

Maybank Research positive on WCT REIT plan

KUALA LUMPUR: Maybank Investment Bank Research is positive on WCT Holdings Bhd’s real estate investment trust (REIT) exercise as it would enable WCT to unlock values on its matured retail malls and its Gateway@KLIA2 mall concession.

26 November 2014 | 11:48AM |

Analyst Reports

Petronas' LNG project, two gas pipelines, approved by British Columbia

VANCOUVER: British Columbia has approved a liquefied natural gas export terminal being developed by Malaysia's Petronas, along with two pipelines to service the province's fledging LNG industry, the province's Ministry of Environment said on Tuesday.

26 November 2014 | 11:01AM |

Singapore restates reclamation concerns to Malaysia

SINGAPORE: Singapore restated its concerns to Malaysia over land reclamation projects in the Strait of Johor, given their close proximity to Singapore, the Straits Times reported, citing the Environment and Water Resources Minister.

26 November 2014 | 10:21AM |

Goldman, BASF, HSBC accused of metals price fixing

NEW YORK: Goldman Sachs Group Inc, Germany's BASF SE and two other big platinum and palladium dealers have been sued in the United States in what the plaintiff's law firm called the first nationwide class action over alleged price-fixing of the metals.

26 November 2014 | 10:18AM |

MUI in focus on assets sale, KLCI flat

KUALA LUMPUR: Malayan United Industries (MUI), which is controlled by low-key tycoon Tan Sri Khoo Kay Peng, was the most active stock in early Wednesday trade when it resumed trading after announcing plans to dispose of some assets.

26 November 2014 | 10:04AM |

Corporate News

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