Business

Billionaire Ananda Krishnan in foundation to promote study of Mandarin and English

PETALING JAYA: Billionaire T Ananda Krishnan and the Usaha Tegas Group have launched the Yu Cai Foundation (YCF), which will principally focus on giving grants to educational institutions which promote the study of Mandarin and English.

M'sian ringgit hit by S'pore easing monetary policy

PETALING JAYA: The ringgit has become an unwitting casualty of Singapore’s surprise easing of its tightly controlled monetary policy, as the country joined a growing list of central banks around the world taking extraordinary steps in shoring up faltering economic growth as inflation slows.

Changes in the air at AMMB?

PETALING JAYA: AMMB Holdings Bhd may see changes to some of its key positions in the next few months.

  • previous
  • 1
  • 2
  • 3
  • next
  • Top Stories
  • Latest

UMW Oil and Gas order book nearly RM2b

KUALA LUMPUR: CIMB Equities Research has advised investors to accumulate shares of UMW Oil and Gas (UMW-OG) due to the strong order book of RM1.9bil as at end-December 2014 and is seeking RM5.6bil of contracts.

29 January 2015 | 8:44AM |

Corporate News

Nokia, which ranks third in the global network gear market, said the unit's core operating profit rose to €470mil (US$530mil) in the fourth quarter, or 14% of sales, from €397mil in the previous quarter - AFP Photo.

Nokia beats profit forecasts in Q4

HELSINKI: Finland's Nokia on Thursday reported stronger-than-expected quarterly profits for its core network equipment business on the back of network roll-outs for faster 4G mobile services in China and North America.

29 January 2015 | 3:03PM |

Foreign News

KLCI falls 12 points at midday; TNB, Petronas & banks weigh

KUALA LUMPUR: The KLCI fell more than 12 points at midday on Thursday in tandem with key Asian equities, all of which were down on news the Federal Reserve was signalling it would raise interest rates for the first time in nine years.

29 January 2015 | 1:09PM |

1MDB seeking another loan extension

Kuala Lumpur: 1Malaysia Development Bhd (1MDB) is planning to seek another one-month extension on a RM2bil loan to give it more time to sell a stake in its energy unit, sources said.

28 January 2015 | 12:00AM |

1MDB

ASTINO managing director Ng Back Teng

Astino to gain from housing revival plans

GEORGE TOWN: The Government’s efforts to revive abandoned housing projects are expected to improve Astino Bhd’s performance by a single-digit percentage for the 2015 fiscal year ending in July.

29 January 2015 | 12:00AM |

Stocks

President of Malaysian Iron and Steel Industry Federation (Misif), Datuk Soh Thian Lai, is urging the Government to reduce electricity and natural gas tariffs by at least 20% in order for the steel industry to remain competitive now that prices of crude oil and natural gas have fallen drastically.

Iron-steel industry urges Govt to slash electricity tariffs

KUALA LUMPUR: The Malaysian Iron and Steel Industry Federation (Misif) is urging the Malaysian Government to reduce electricity and natural gas tariffs without further delay in view of the drastic decline in the prices of crude oil, natural gas and thermal coal.

29 January 2015 | 3:29PM |

Business News

Nokia, which ranks third in the global network gear market, said the unit's core operating profit rose to €470mil (US$530mil) in the fourth quarter, or 14% of sales, from €397mil in the previous quarter - AFP Photo.

Nokia beats profit forecasts in Q4

HELSINKI: Finland's Nokia on Thursday reported stronger-than-expected quarterly profits for its core network equipment business on the back of network roll-outs for faster 4G mobile services in China and North America.

29 January 2015 | 3:03PM |

Foreign News

KLCI falls 12 points at midday; TNB, Petronas & banks weigh

KUALA LUMPUR: The KLCI fell more than 12 points at midday on Thursday in tandem with key Asian equities, all of which were down on news the Federal Reserve was signalling it would raise interest rates for the first time in nine years.

29 January 2015 | 1:09PM |

Pertam signs RM337mil JV

MELAKA: The Melaka Customary Land Development Corporation (Pertam) has entered into joint-venture (JV) agreements with five companies to undertake five different development projects worth RM337mil.

29 January 2015 | 11:48AM |

Corporate News

LSE to put Russell Investments up for sale for US$1.4bil

LONDON: The London Stock Exchange Group Plc plans to put Russell Investments up for sale in mid-February and hopes to fetch around US$1.4 billion (923 million pounds) for the unit, two sources told Reuters Wednesday.

29 January 2015 | 11:38AM |

Stocks

  • Page 1 of 34

Go to page:

advertisement

GST Updates

advertisement

advertisement