Business

Reality bites

Petronas contribution to Treasury will reduce significantly this year and the next

On Feb 10, Apple’s stock market value touched US710.7bil, making it the most valuable US company ever. – AFP

Mere innovation is not enough

IT is dogma that innovation is key to raising worker productivity – the single most important determinant in driving economic growth and hence, living standards.

RHB Cap profit down 3.6%

RHB Capital Bhd (RHB Cap) saw its net profit fall 3.6% to RM486.19mil in the fourth quarter ended Dec 31, 2014, from RM504.52mil in the corresponding period in the preceding year.

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Asian Plantations palm oil mill in Incosetia estate.

FGV’s ills go beyond accounting standards

FELDA Global Ventures Holdings Bhd’s (FGV) worst enemy is turning out to be the new accounting standards, so say the top executives of the plantation giant that draws more attention for its political prowess than commercial interest.

28 February 2015 | 12:00AM |

fgv felda

Earnings weakness from O&G inevitable

IT must have come as a shock for Petroliam Nasional Bhd (Petronas) to report its first quarterly loss in five years since it started reporting quarterly figures.

28 February 2015 | 12:00AM |

Business

Palm oil wrongly targeted

OIL PALM plantations have been unfairly implicated by non-government organisations as the primary driver of deforestation, but the crop takes up only 0.1% or 15.6 million ha worldwide.

28 February 2015 | 12:00AM |

Business

Green fuel: Malaysia’s B10 biodiesel is a blend of 10 palm oil methyl ester and 90 diesel. – Pic courtesy of MPOC

Biodiesel can boost CPO prices

IMPLEMENTATION of the B10 biodiesel mandate this year can support crude palm oil (CPO) prices to trade above RM2,000 per tonne, according to the Malaysian Biodiesel Association.

28 February 2015 | 12:00AM |

Business

Canada project on track

PETROLIAM Nasional Bhd (Petronas) will make a final investment decision (FID) on a project to build a multi-billion-ringgit liquefied natural gas (LNG) export terminal in British Columbia, Canada, by June this year.

28 February 2015 | 12:00AM |

Business

Hap Seng earnings soar to RM188mil in 4th quarter

KUALA LUMPUR: Hap Seng Consolidated Bhd’s net profit jumped 32.06% to RM188.43mil for the fourth quarter ended Dec 31, 2014 from RM142.69mil a year ago due to improved contributions from all divisions except the plantation and property segments.

27 February 2015 | 12:00AM |

Stocks

MISC’s 2016 earnings estimate for its LNG shipping segment has been raised after the company secured the time-charter renewal contracts.

MISC bounces back on its feet

ENERGY shipping firm MISC Bhd’s recent undertaking of a US$1.1bil (RM4bil) liquefied natural gas (LNG) shipbuilding project is indication of one thing – that the once-troubled entity is back on its feet with a healthier balance sheet and expanding cautiously in a challenging industry.

28 February 2015 | 12:00AM |

Business

Sime Darby Bhd president and group chief executive Tan Sri Mohd Bakke Salleh at Sime Darbys second quarter ended June 30, 2015 results announcement at Sime Darby Convention Centre, Kuala Lumpur on Feb 26.FAIHAN GHANI/The Star.

Sime defers listing of motor arm to H2 this year

KUALA LUMPUR: Sime Darby Bhd, which saw its net profit decline by 47% to RM437.4mil for the second quarter ended Dec 31, 2014, will defer the listing of its automotive arm to the second half of this year.

27 February 2015 | 12:00AM |

Stocks

Canada project on track

PETROLIAM Nasional Bhd (Petronas) will make a final investment decision (FID) on a project to build a multi-billion-ringgit liquefied natural gas (LNG) export terminal in British Columbia, Canada, by June this year.

28 February 2015 | 12:00AM |

Business

Earnings weakness from O&G inevitable

IT must have come as a shock for Petroliam Nasional Bhd (Petronas) to report its first quarterly loss in five years since it started reporting quarterly figures.

28 February 2015 | 12:00AM |

Business

Leonard: ‘We believe this deal will set the platform for CCMD going into 2018 onwards’.

Streamlining under CCMD

PHARMACEUTICAL manufacturer CCM Duopharma Biotech Bhd’s (CCMD) chief executive officer Leonard Ariff Abdul Shatar is a man on a mission as the group prepares to embark on an ambitious consolidation plan after it acquires six pharmaceutical units from its parent company.

28 February 2015 | 12:00AM |

Business

MISC’s 2016 earnings estimate for its LNG shipping segment has been raised after the company secured the time-charter renewal contracts.

MISC bounces back on its feet

ENERGY shipping firm MISC Bhd’s recent undertaking of a US$1.1bil (RM4bil) liquefied natural gas (LNG) shipbuilding project is indication of one thing – that the once-troubled entity is back on its feet with a healthier balance sheet and expanding cautiously in a challenging industry.

28 February 2015 | 12:00AM |

Business

MSPO means more business

THE newly-implemented Malaysian Sustainable Palm Oil (MSPO) certification standard this year has garnered strong support from both domestic palm oil industry players and exporters alike.

28 February 2015 | 12:00AM |

Business

Palm oil wrongly targeted

OIL PALM plantations have been unfairly implicated by non-government organisations as the primary driver of deforestation, but the crop takes up only 0.1% or 15.6 million ha worldwide.

28 February 2015 | 12:00AM |

Business

Green fuel: Malaysia’s B10 biodiesel is a blend of 10 palm oil methyl ester and 90 diesel. – Pic courtesy of MPOC

Biodiesel can boost CPO prices

IMPLEMENTATION of the B10 biodiesel mandate this year can support crude palm oil (CPO) prices to trade above RM2,000 per tonne, according to the Malaysian Biodiesel Association.

28 February 2015 | 12:00AM |

Business

Boustead earnings soar despite lower revenue

PETALING JAYA: Conglomerate Boustead Holdings Bhd’s earnings came in 35.8% higher at RM299mil on the back of a 21.3% decline in revenue to RM2.83bil for the fourth quarter ended Dec 31, 2014.

28 February 2015 | 12:00AM |

Business

Irda and Ronser sign waste management deal

PETALING JAYA: Iskandar Regional Development Authority (Irda) has inked a deal with integrated wastewater treatment solutions provider Ronser Bio-Tech Bhd for the latter to provide waste management in Iskandar Malaysia.

28 February 2015 | 12:00AM |

Business

Star Publications registers revenue of RM1.01b

KUALA LUMPUR: Star Publications (M) Bhd registered a turnover of RM1.01bil for the financial year ended Dec 31, 2014, which is a marginal drop of a mere 1.1% compared with the preceding year amid a tough operating environment for the industry as a whole.

28 February 2015 | 12:00AM |

Business

Carlsberg profit up 16.2%

Carlsberg Brewery Malaysia Bhd posted a net profit of RM216.9mil for its financial year ended Dec 31, 2014, up 16.2% from RM186.6mil a year earlier.

28 February 2015 | 12:00AM |

Business

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