Business

Subsidies have been slowly curbed and come Dec 1, the Government is scrapping the RON95 fuel subsidy, allowing prices to be based on a managed float system and better reflecting market rates.

The true cost of living

IT’S hard for the average Malaysian wage earner to understand why the cost of living has risen when the rest of the world is seeing lower inflation given that global oil prices are trading below US$80 a barrel.

Ibrahim is relying on Ahmad Zaki’s experience to lead this partnership and grow the franchise in Malaysia and Singapore.

No exact science in PE investments

DESPITE Ekuiti Nasional Bhd (Ekuinas) booking a loss from its investments in the Burger King franchise, the government-linked private equity fund management company says exiting the quick service restaurants (QSR) segment will help narrow its focus to its other profitable franchise businesses.

Loh: ‘The injection is in the form of cash and machinery.’

Tek Seng gets asset injection

Low-profile family business Tek Seng Holdings Bhd is hoping for a transformation of sorts even as its loss-making solar business is due to receive a shot in the arm from Taiwan-based Solartech Energy Corp (SEC) which will pump RM100mil worth of assets into the company.

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Petronas cuts capex

PETROLIAM Nasional Bhd’s (Petronas) announcement of its third-quarter results comes at a delicate time, considering that it is being watched by all and sundry.

29 November 2014 | 12:00AM |

Business News

The MOL blame game

NASDAQ market-listed MOL Global Inc has set tongues wagging with the deferment of its earnings results and the resignation of its chief financial officer, triggering a blame game within the company.

29 November 2014 | 12:00AM |

Property

The biggest adjustment

FROM next week, Malaysians will say goodbye to a subsidy that has been almost a part of life. With petrol subsidies gone, Malaysia will join a growing number of countries that have rolled back on providing cheap energy prices at the pump but will be subject to volatile fuel prices going forward.

29 November 2014 | 12:00AM |

Business News

Rig rates tumble

PETALING JAYA: An oversupply and price war are pushing down drilling rig rates in the oil and gas (O&G) industry around the world, which could impact the earnings of some local players.

28 November 2014 | 8:03AM |

Business News

Enter Kronologi Asia

We have barely seen the emergence of any new ACE Market listings this year, in keeping with the jaundiced perception of these companies of late.

29 November 2014 | 12:00AM |

Business News

It’s survival of the fittest, says Shamsul

TAKING the cue from US oil and gas (O&G) services giant Halliburton Co’s takeover bid of its rival Baker Hughes Inc, a consolidation in the local scene is probably the way forward, if Petronas’ head honcho is to be taken seriously.

29 November 2014 | 12:00AM |

Business News

Favelle Favco Bhds offshore cranes

Muhibbah: Investors’ reaction misguided

A MISPERCEPTION over the award of a project has cost Muhibbah Engineering Bhd dearly and also given management a big headache. The company’s shares have been sold down, wiping out some RM153mil from its market capitalisation in a week, while senior management of the company scrambled to meet investors and analysts to explain the situation.

29 November 2014 | 12:00AM |

Business News

Why investments fail

IN the world of investment, it is not uncommon to hear cases of investors suffering the loss of their entire capital, in what is perceived as a blink of an eye.

29 November 2014 | 12:00AM |

Business News

Panasonic unveils RM1.7bil smart township

FUJISAWA (Japan): Panasonic Corp unveiled its 60 billion yen (RM1.71bil) smart and sustainable township, a 100-year venture, to the international press to showcase its capabilities as it plans to go into property development on a regional scale.

28 November 2014 | 12:00AM |

panasonic corp

MKH land bank increases to GDV of RM10b

KUALA LUMPUR: MKH Bhd’s latest joint ventures for high rise developments in Mont Kiara, Puchong and Kajang town has seen its land bank increase to a gross development value (GDV) of RM10bil.

28 November 2014 | 7:15PM |

Corporate News

Prasarana is the midst of preparing for the operations of the Mass Rapid Transit Sungai Buloh-Kajang line.

Prasarana eyes RM55bil rail jobs in Saudi Arabia

STATE-OWNED public transport owner and operator Prasarana Malaysia Bhd is hoping to land some of Mecca’s estimated US$16.5bil (RM55.2bil) future rail projects following its recent foray into the city in Saudi Arabia.

29 November 2014 | 12:00AM |

Business News

Enter Kronologi Asia

We have barely seen the emergence of any new ACE Market listings this year, in keeping with the jaundiced perception of these companies of late.

29 November 2014 | 12:00AM |

Business News

Favelle Favco Bhds offshore cranes

Muhibbah: Investors’ reaction misguided

A MISPERCEPTION over the award of a project has cost Muhibbah Engineering Bhd dearly and also given management a big headache. The company’s shares have been sold down, wiping out some RM153mil from its market capitalisation in a week, while senior management of the company scrambled to meet investors and analysts to explain the situation.

29 November 2014 | 12:00AM |

Business News

Strong upside potential seen for Mah Sing

PETALING JAYA: Mah Sing Group Bhd is known for its quick turnaround business model, tending to unlock the value of its land-bank quicker with an estimated project timeline of six to eight years, said Credit Suisse Securities Research.

29 November 2014 | 12:00AM |

Business News

Is settling the right choice?

IS regulatory settlement the Securities Commission (SC)’s enforcement tool of choice? Judging by the numbers, the answer is clearly yes.

29 November 2014 | 12:00AM |

Business News

Petronas Q3 net profit 12% down due to lower oil prices

PETROLIAM Nasional Bhd (Petronas) president and chief executive Tan Sri Shamsul Azhar Abbas’ presage has materialised as the oil major’s top and bottom line took a beating for its third quarter ended Sept 30 in tandem with crude oil prices that fell some 15% for the three months.

29 November 2014 | 12:00AM |

Business News

It’s survival of the fittest, says Shamsul

TAKING the cue from US oil and gas (O&G) services giant Halliburton Co’s takeover bid of its rival Baker Hughes Inc, a consolidation in the local scene is probably the way forward, if Petronas’ head honcho is to be taken seriously.

29 November 2014 | 12:00AM |

Business News

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