Business

Low oil prices fuel demand for mergers and acquisitions in oil and gas sector

PETALING JAYA: Lower oil prices are stoking demand for mergers and acquisitions (M&As) in the oil and gas (O&G) industry even as investors shy away from this once high-flying sector.

Masjid Jamek stands proudly at the confluence of Sungai Klang and Sungai Gombak. Its surrounding boasting heritage significance will be turned into heritage trails as part of the River of Life project, which involves 42 different agencies across a gamut of activities. Pemandu works with all of them to coordinate and provide support so targets are met.

Going beyond pretty pictures

EVERY once in a while, voices emerge out of the woodwork to raise scepticism on Pemandu’s role and relevance. The last few weeks were no different. I would group the grumblings into these buckets:

Tips on how to plan and invest your money wisely

LOTS of people shy away from financial planning because they think they may be pressured into investing. And when you think investing, what comes to mind are horror stories of people who lost their life savings during the Asian financial crisis and Dot Com Bubble.

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EPF records investment income of RM10.32b in Q3 2014

KUALA LUMPUR: The Employees Provident Fund (EPF) recorded an investment income of RM10.32bil in the third quarter ended Sept 30, 2014, driven mainly by equity investments with the asset class contributing 61% to the total quarterly investment income.

24 November 2014 | 5:07PM |

Corporate News

Potential buyers looking at a scale model of the Lakeville project in Kuala Lumpur.

Mah Sing sales to hit record high

PETALING JAYA: Mah Sing Group Bhd’s sales are expected to hit new high in the last three months of the year from the record RM900mil achieved in the third quarter, buoyed by strong take-up rate of its Lakeville project in Kuala Lumpur.

24 November 2014 | 12:00AM |

Property

Lion Corp posts net loss of RM85m in Q1

KUALA LUMPUR: Lion Corporation Bhd posted net losses of RM85.93mil in the first quarter ended Sept 30, 2014, which was narrower than the RM98.84mil a year ago due to the continuous losses by its steel division.

24 November 2014 | 6:51PM |

Corporate News

Frontken Corp Q3 earnings surge past RM5m

KUALA LUMPUR: Frontken Corporation Bhd earnings soared 235% to RM5.26mil in third quarter ended Sept 30, 2014 from RM1.56mil a year ago, boosted by the ramp-up in its semiconductor business in Taiwan and Malaysia.

24 November 2014 | 3:07PM |

Corporate News

Public Mutual to launch two Islamic funds

KUALA LUMPUR: Public Mutual will launch two Islamic funds, Public Ehsan Mixed Asset Growth Fund (PESMAGF) and Public Ehsan Mixed Asset Conservative Fund (PESMACF) on Tuesday.

24 November 2014 | 2:35PM |

Investing

Affin Holdings Q3 earnings at nearly RM142m

KUALA LUMPUR: Affin Holdings Bhd reported earnings of RM141.95mil in the third quarter ended Sept 30, 2014, down 17.9% from the RM172.96mil a year ago due to lower profit from the banking arm, but the group recorded better performance from the preceding quarter.

24 November 2014 | 7:25PM |

Banking

Affin Holdings Q3 earnings at nearly RM142m

KUALA LUMPUR: Affin Holdings Bhd reported earnings of RM141.95mil in the third quarter ended Sept 30, 2014, down 17.9% from the RM172.96mil a year ago due to lower profit from the banking arm, but the group recorded better performance from the preceding quarter.

24 November 2014 | 7:25PM |

Banking

Lion Corp posts net loss of RM85m in Q1

KUALA LUMPUR: Lion Corporation Bhd posted net losses of RM85.93mil in the first quarter ended Sept 30, 2014, which was narrower than the RM98.84mil a year ago due to the continuous losses by its steel division.

24 November 2014 | 6:51PM |

Corporate News

EPF records investment income of RM10.32b in Q3 2014

KUALA LUMPUR: The Employees Provident Fund (EPF) recorded an investment income of RM10.32bil in the third quarter ended Sept 30, 2014, driven mainly by equity investments with the asset class contributing 61% to the total quarterly investment income.

24 November 2014 | 5:07PM |

Corporate News

Frontken Corp Q3 earnings surge past RM5m

KUALA LUMPUR: Frontken Corporation Bhd earnings soared 235% to RM5.26mil in third quarter ended Sept 30, 2014 from RM1.56mil a year ago, boosted by the ramp-up in its semiconductor business in Taiwan and Malaysia.

24 November 2014 | 3:07PM |

Corporate News

Public Mutual to launch two Islamic funds

KUALA LUMPUR: Public Mutual will launch two Islamic funds, Public Ehsan Mixed Asset Growth Fund (PESMAGF) and Public Ehsan Mixed Asset Conservative Fund (PESMACF) on Tuesday.

24 November 2014 | 2:35PM |

Investing

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