Business

Construction works on MRT1 underground transport hub progressing smoothly. — Bernama

MRT2 works to start

PETALING JAYA: Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) is expected to start awarding contracts for the various packages of the RM23bil Mass Rapid Transit line 2 (MRT2) in the last quarter of this year.

Gan: ‘We could potentially see more mergers and acquisitions.

Bankers remain positive on capital raising

PETALING JAYA: There is a silver lining in the investment banking business despite the weak capital market activities that could spur banks’ bottom line this year amid a challenging economic outlook.

Your highest calling

FINANCIAL SNACKS - By JOYCE CHUAH
Be prepared financially if you plan to include caregiving for one or both of your parents.

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Ringgit lower against dollar

KUALA LUMPUR: The ringgit opened lower against the US dollar as the greenback remain firm against major currencies, currency traders said.

30 March 2015 | 10:58AM |

Corporate News

Berjaya Corp, REDtone advance on takeover news

KUALA LUMPUR: Berjaya Corporation shares rose in active trade early Monday after it raised its stake in REDtone International to 35.84% and required it to make a takeover offer for the remaining shares at 80 sen each.

30 March 2015 | 10:02AM |

M&A

Oil prices dip as Iran as world powers seek nuclear deal

SINGAPORE: Oil prices dipped in Asian morning trading on Monday, adding to steep losses in the previous session, as Iran and six world powers tried to reach a deal that could add oil to the market if sanctions against Tehran are lifted.

30 March 2015 | 10:10AM |

Markets

KLCI up on mild window dressing for Q1

KUALA LUMPUR: Mild window dressing for key FBM KLCI stocks sent the 30-stock up nearly seven points in mid-morning Monday for the first quarter ending March 31.

30 March 2015 | 10:41AM |

Markets

Asia shares sluggish as oil drifts lower

SYDNEY: Asian stock markets were subdued on Monday in a week book-ended with Easter holidays across the globe and a U.S. jobs report that could affect the timing of the first hike in interest rates there.

30 March 2015 | 10:07AM |

Markets

Integrax shareholders urged to hold on to shares

PETALING JAYA: Integrax Bhd co-founder and deputy chairman Amin Halim Rasip is making another attempt to thwart the offer by Tenaga Nasional Bhd (TNB) for Integrax at RM3.25 a share by requesting Integrax shareholders not to sell their shares to TNB yet and is planning to make a voluntary general takeover (VGO).

30 March 2015 | 12:00AM |

Integrax

China to cut 80 million tonnes of steel capacity

BEIJING: China will aim to cut as much as 80 million tonnes of excess steel capacity in the next three years to tackle a massive supply glut that has plunged much of the sector into crisis, a government official said.

30 March 2015 | 12:00AM |

Foreign News

Chevron exits Caltex Australia

PERTH: US energy giant Chevron sold its entire stake in refiner Caltex Australia Ltd for A$4.7bil (US$3.7bil) in Asia’s biggest block deal this year, as falling oil prices and high costs hurt margins.

30 March 2015 | 12:00AM |

Foreign News

Firms urged to sell bonds abroad for Silk Road projects

HAINAN: China will encourage local companies to issue bonds overseas to fund projects to create a modern Silk Road, a plan to boost connectivity across Asia for which it has created a US$40bil fund, according to a framework agreement released by the official Xinhua news agency.

30 March 2015 | 12:00AM |

Foreign News

Ringgit lower against dollar

KUALA LUMPUR: The ringgit opened lower against the US dollar as the greenback remain firm against major currencies, currency traders said.

30 March 2015 | 10:58AM |

Corporate News

KLCI up on mild window dressing for Q1

KUALA LUMPUR: Mild window dressing for key FBM KLCI stocks sent the 30-stock up nearly seven points in mid-morning Monday for the first quarter ending March 31.

30 March 2015 | 10:41AM |

Markets

Oil prices dip as Iran as world powers seek nuclear deal

SINGAPORE: Oil prices dipped in Asian morning trading on Monday, adding to steep losses in the previous session, as Iran and six world powers tried to reach a deal that could add oil to the market if sanctions against Tehran are lifted.

30 March 2015 | 10:10AM |

Markets

Asia shares sluggish as oil drifts lower

SYDNEY: Asian stock markets were subdued on Monday in a week book-ended with Easter holidays across the globe and a U.S. jobs report that could affect the timing of the first hike in interest rates there.

30 March 2015 | 10:07AM |

Markets

Berjaya Corp, REDtone advance on takeover news

KUALA LUMPUR: Berjaya Corporation shares rose in active trade early Monday after it raised its stake in REDtone International to 35.84% and required it to make a takeover offer for the remaining shares at 80 sen each.

30 March 2015 | 10:02AM |

M&A

Integrax shareholders urged to hold on to shares

PETALING JAYA: Integrax Bhd co-founder and deputy chairman Amin Halim Rasip is making another attempt to thwart the offer by Tenaga Nasional Bhd (TNB) for Integrax at RM3.25 a share by requesting Integrax shareholders not to sell their shares to TNB yet and is planning to make a voluntary general takeover (VGO).

30 March 2015 | 12:00AM |

Integrax

Adex up 15% in February on campaign by advertisers

PETALING JAYA: Advertising expenditure (adex) in February grew 15% year-on-year to RM1.05mil from RM909,924 in the previous corresponding period, driven by campaigns from advertisers looking to drive sales ahead of the impending goods and services tax (GST) on April 1.

30 March 2015 | 12:00AM |

adex

Chevron exits Caltex Australia

PERTH: US energy giant Chevron sold its entire stake in refiner Caltex Australia Ltd for A$4.7bil (US$3.7bil) in Asia’s biggest block deal this year, as falling oil prices and high costs hurt margins.

30 March 2015 | 12:00AM |

Foreign News

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