Business

All’s fine for now for Maybank, but market conditions may change

KUALA LUMPUR: After registering a sterling fourth-quarter performance, Malayan Banking Bhd (Maybank) expects its performance to sustain at least in the first quarter of this year. However, for the rest of the year, capital market conditions remained uncertain, said president and chief executive officer Datuk Abdul Farid Alias

Mustapa says the Government will include customised incentives to attract more foreign investors. – Bernama

Malaysia's approved investments at record RM236bil

KUALA LUMPUR: Approved investments climbed for the fourth consecutive year in 2014, rising to a new high of RM235.9bil compared with RM219.4bil recorded in 2013, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed.

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.

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Parkson's net pfofit soars on property, F&B

PETALING JAYA: Tan Sri William Cheng’s (pic) Parkson Holdings Bhd reported a net profit that leaped 332.29% to RM110.61mil on the back of a 3.54% jump in revenue to RM981.68mil for the second quarter to Dec 31, 2014. Earnings per share increased to 10.24 sen from 2.38 sen.

27 February 2015 | 12:00AM |

Stocks

RHB Capital FY14 earnings climb past RM2b (Update)

KUALA LUMPUR: RHB Capital Bhd’s earnings edged past RM2bil to RM2.038bil in the financial year ended Dec 31, 2014, which was 11.3% higher than RM1.83bil a year ago, driven by higher total income growth, higher impairment write back of other assets and lower loan impairment charges.

27 February 2015 | 1:00PM |

Banking

Ringgit strengthens against US dollar

KUALA LUMPUR: The ringgit was higher compared to the US dollar in late trading today at slightly below the 3.600 level, as the greenback extended losses in most overseas markets, a currency trader said.

26 February 2015 | 6:29PM |

Jamaludin says Axiata ‘will go big on data services and offerings.’

Axiata to spend RM4.8bil to beef up data segment

KUALA LUMPUR: Axiata Group Bhd, which reported a 3.4% year-on-year growth in net profit to RM595mil for its final quarter ended Dec 31, 2014, will spend a hefty RM4.8bil to mainly strengthen its data segment services and offerings this year.

26 February 2015 | 12:00AM |

Stocks

Bumi Armada TP reduced by CIMB Research

KUALA LUMPUR: CIMB Equities Research has lowered its target price for Bumi Armada from RM1.81 to RM1.50 as it reduces its FY15-16 EPS for lower revenue assumptions for the offshore vessels (OSV) and transport and installation (T&I) businesses.

27 February 2015 | 9:32AM |

Analyst Reports

Protasco posts RM5.48mil net loss

KUALA LUMPUR: Protasco Bhd posted a net loss of RM5.48mil for its fourth quarter ended Dec 31, 2014 against a net profit of RM15.4mil a year earlier.

27 February 2015 | 1:26PM |

Earnings

RHB Capital FY14 earnings climb past RM2b (Update)

KUALA LUMPUR: RHB Capital Bhd’s earnings edged past RM2bil to RM2.038bil in the financial year ended Dec 31, 2014, which was 11.3% higher than RM1.83bil a year ago, driven by higher total income growth, higher impairment write back of other assets and lower loan impairment charges.

27 February 2015 | 1:00PM |

Banking

Bumi Armada TP reduced by CIMB Research

KUALA LUMPUR: CIMB Equities Research has lowered its target price for Bumi Armada from RM1.81 to RM1.50 as it reduces its FY15-16 EPS for lower revenue assumptions for the offshore vessels (OSV) and transport and installation (T&I) businesses.

27 February 2015 | 9:32AM |

Analyst Reports

UK consumer confidence holds at high level

LONDON: British consumer confidence held steady at a high level this month as low inflation and rising wages made Britons more confident about their finances, according to a poll published on Friday

27 February 2015 | 9:00AM |

Economy

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