Business

China signs off on US$5bil loan to boost Venezuela oil output

CARACAS: Venezuela and China have signed a deal for a $5 billion loan designed to increase the OPEC country's oil production, Venezuelan President Nicolas Maduro said.

TalentCorp turns Malaysia’s brain drain to brain gain

FOUR years ago when the Government was confronted with a difficult question of how could it reverse the brain drain into a brain gain, it decided to embark on two major initiatives. 

Pricing issue: The Employees Provident Fund is concerned about the valuation Felda is paying, according to Bernama report in June.

FGV may ask for lower price for Eagle High stake

SINGAPORE: Felda Global Ventures Holdings Bhd (FGV), the world’s biggest crude palm oil producer, is considering seeking revised terms for its US$680mil deal to buy a stake in PT Eagle High Plantations, people with knowledge of the matter said.

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Ringgit down on Fitch downgrade warning

SINGAPORE: Most emerging Asian currencies resumed falling on Wednesday as fears over global growth and downbeat factory activity reports drove investors from risky assets including stocks.

2 September 2015 | 2:16PM |

Forex

KL-Singapore HSR details to be known in 2 years

KUALA LUMPUR: Details of the contracts for the construction of the KL to Singapore high speed rail will likely be known in two years, said the Land Public Transport Commission's chief development officer Prodyut Dutt.

2 September 2015 | 12:25PM |

Corporate News

Maybank weighs on KLCI as ringgit loses ground again

KUALA LUMPUR: Maybank, AmBank and Public Bank were among the biggest losers at the midday break on Wednesday as the key FBM KLCI lost more than 12 points, extending its losses for the second day following the volatile external equities and commodities markets.

2 September 2015 | 1:13PM |

Markets

Markets on edge as policymakers flex muscles

LONDON: Fresh government intervention to support China's jittery markets and bets on a more dovish stance from central bankers provided limited respite from a stock market sell-off on Wednesday as oil resumed its fal

2 September 2015 | 5:17PM |

Markets

Markets hit fresh turbulence, KLCI below 1600

KUALA LUMPUR: Malaysia’s stock market hit fresh turbulence early Wednesday, with the key FBM KLCI falling below the key 1,600 level after the overnight tumble on Wall Street and a fall in crude oil prices.

2 September 2015 | 9:53AM |

Markets

Oil retreats more than $5 on weak data

NEW YORK: Oil prices plummeted on Tuesday, settling 8 percent lower, as weak Chinese data extended a roller-coaster run that knocked oil to its lowest in 6-1/2 years last week before frenzied short-covering fueled a 25 percent three-session surge.

2 September 2015 | 8:10AM |

Markets

Petronas approves plan for Ophir oil field

PETALING JAYA: Petroliam Nasional Bhd (Petronas) has approved the revised field development plan (FDP) for the Ophir oil field located offshore Peninsular Malaysia after a cut in the cost of production by 30%.

2 September 2015 | 12:00AM |

Oil & Gas

FGV’s share price has slumped 58.5 and is trading at RM1.22.

Analysts positive on FGV’s Canada plant disposal

PETALING JAYA: Analysts have given the thumbs up to Felda Global Ventures Holdings Bhd’s (FGV) proposed disposal of its offseeds crushing and refining plant in Canada to Viterra Inc for RM608.2mil, stating that the sell-off is positive for the group since it is keen to raise funds for working capital and pay debts.

1 September 2015 | 12:00AM |

Felda Global Ventures Holdings Bhd

Asian LNG price faces steep fall

SINGAPORE: Asian liquefied natural gas (LNG) prices could fall a further 25% in coming months as new supply, falling demand and weaker oil prices put it on par with iron ore and coal as the worst performing commodity of recent years.

1 September 2015 | 12:00AM |

LNG

Markets on edge as policymakers flex muscles

LONDON: Fresh government intervention to support China's jittery markets and bets on a more dovish stance from central bankers provided limited respite from a stock market sell-off on Wednesday as oil resumed its fal

2 September 2015 | 5:17PM |

Markets

RCE Capital to tap into CRIS database

KUALA LUMPUR: Financial services provider RCE Capital Bhd is keen to tap into Credit Reference Information System (CRIS), a comprehensive borrower database maintained by Bank Negara Malaysia.

2 September 2015 | 4:07PM |

Banking

Ringgit down on Fitch downgrade warning

SINGAPORE: Most emerging Asian currencies resumed falling on Wednesday as fears over global growth and downbeat factory activity reports drove investors from risky assets including stocks.

2 September 2015 | 2:16PM |

Forex

Maybank weighs on KLCI as ringgit loses ground again

KUALA LUMPUR: Maybank, AmBank and Public Bank were among the biggest losers at the midday break on Wednesday as the key FBM KLCI lost more than 12 points, extending its losses for the second day following the volatile external equities and commodities markets.

2 September 2015 | 1:13PM |

Markets

KL-Singapore HSR details to be known in 2 years

KUALA LUMPUR: Details of the contracts for the construction of the KL to Singapore high speed rail will likely be known in two years, said the Land Public Transport Commission's chief development officer Prodyut Dutt.

2 September 2015 | 12:25PM |

Corporate News

China's yuan opens firmer

SHANGHAI: China's yuan firmed at the open on Wednesday, after sources with knowledge of the matter said a day earlier that China's central bank plans to tighten rules on trading of currency forwards from October.

2 September 2015 | 10:19AM |

Forex

Markets hit fresh turbulence, KLCI below 1600

KUALA LUMPUR: Malaysia’s stock market hit fresh turbulence early Wednesday, with the key FBM KLCI falling below the key 1,600 level after the overnight tumble on Wall Street and a fall in crude oil prices.

2 September 2015 | 9:53AM |

Markets

Trading ideas: LBS Bina, CCM, MWE, FGV

KUALA LUMPUR: JF Apex Research expects LBS Bina, Chemical Company of Malaysia (CCM) and MWE to see trading interest on Wednesday following the fresh corporate news amid the overnight tumble on Wall Street.

2 September 2015 | 9:10AM |

Analyst Reports

Oil retreats more than $5 on weak data

NEW YORK: Oil prices plummeted on Tuesday, settling 8 percent lower, as weak Chinese data extended a roller-coaster run that knocked oil to its lowest in 6-1/2 years last week before frenzied short-covering fueled a 25 percent three-session surge.

2 September 2015 | 8:10AM |

Markets

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