Business

MOL results delayed, Q3 earnings results pushed to Dec 3

KUALA LUMPUR: Nasdaq-listed MOL Global Inc is deferring the release of its third-quarter earnings results to Dec 3, 2014.

EPF gains from equities, it contributed 61% to total quarterly investment income

KUALA LUMPUR: The Employees Provident Fund (EPF) recorded an investment income of RM10.32bil in the third quarter ended Sept 30, 2014, driven mainly by equity investments.

Zeti: ‘It is good for the consumers because they can benefit from the lower prices.’

Bank Negara: No inflationary impact following petrol subsidy removal

KUALA LUMPUR: The abolishment of subsidies for RON95 and diesel will not have inflationary impact on the economy, says Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz.

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Pressure on smaller Malaysian banks to merge

IN the wake of news that the structure for the CIMB/RHB merger could be ready early next year, there would be pressure especially on the smaller banking groups to consider merging.

24 November 2014 | 12:00AM |

Banking

Potential buyers looking at a scale model of the Lakeville project in Kuala Lumpur.

Mah Sing sales to hit record high

PETALING JAYA: Mah Sing Group Bhd’s sales are expected to hit new high in the last three months of the year from the record RM900mil achieved in the third quarter, buoyed by strong take-up rate of its Lakeville project in Kuala Lumpur.

24 November 2014 | 12:00AM |

Property

After the Updates by UEM Sunrise Bhd COO Raymond Cheah on Aurora Melbourne Central Development, MD/CEO Anwar Syahrin Abd Ajib answer the question on the press conference.

UEM Sunrise eyes more property projects in Melbourne

KUALA LUMPUR: UEM Sunrise is eyeing several locations in the city and the suburbs of Melbourne, Australia for property development projects following the successful take up of its integrated development Aurora Melbourne Central in the Melbourne central business district (CBD).

25 November 2014 | 12:00AM |

Property

Affin Holdings Q3 earnings at nearly RM142m

KUALA LUMPUR: Affin Holdings Bhd reported earnings of RM141.95mil in the third quarter ended Sept 30, 2014, down 17.9% from the RM172.96mil a year ago due to lower profit from the banking arm, but the group recorded better performance from the preceding quarter.

24 November 2014 | 7:25PM |

Banking

Malaysian shares post best gains in 15 months after fuel pricing plan

BANGKOK: Malaysian shares posted their best gain in almost 15 months on Monday as the government's fuel pricing plan allayed concerns over the country's budget deficit while Singapore retreated despite data showing inflation near a five-year low in October.

25 November 2014 | 7:00AM |

EPF records investment income of RM10.32b in Q3 2014

KUALA LUMPUR: The Employees Provident Fund (EPF) recorded an investment income of RM10.32bil in the third quarter ended Sept 30, 2014, driven mainly by equity investments with the asset class contributing 61% to the total quarterly investment income.

24 November 2014 | 5:07PM |

Corporate News

Diary Malaysia Nov 25 Tuesday

KUALA LUMPUR: ALL TIMES ARE PROVISIONAL AND IN LOCAL TIME FOLLOWED BY GMT IN BRACKETS

25 November 2014 | 8:14AM |

Malaysian shares post best gains in 15 months after fuel pricing plan

BANGKOK: Malaysian shares posted their best gain in almost 15 months on Monday as the government's fuel pricing plan allayed concerns over the country's budget deficit while Singapore retreated despite data showing inflation near a five-year low in October.

25 November 2014 | 7:00AM |

United Tech CEO steps down, replaced by CFO in abrupt change

United Technologies Corp Chief Executive Officer Louis Chenevert has retired immediately and is being replaced by the company's finance chief, the diversified U.S. manufacturer said on Monday, an abrupt change that caught Wall Street off guard.

25 November 2014 | 6:47AM |

RenaissanceRe to buy Platinum Underwriters for US$1.9bil

RenaissanceRe Holdings Ltd will buy fellow Bermuda-based reinsurer Platinum Underwriters Holdings Ltd for about $1.9 billion to boost its business amid intensifying competition and falling premiums.

25 November 2014 | 6:44AM |

S&P 500 ticks up to record on central bank bets

NEW YORK: U.S. stocks rose on Monday on hopes that China will take further accommodative monetary policy action if needed, while merger deals kept traders focused even as volumes were below average.

25 November 2014 | 6:37AM |

Weststar valued at up to RM4.8bil

PETALING JAYA: The long-awaited listing of Weststar Aviation Services is set to proceed with Tan Sri Syed Azman Syed Ibrahim aiming to raise about RM1.4bil from the exercise.

25 November 2014 | 12:00AM |

Stocks

Stock investors check prices in a brokerage house in Qingdao in east China’s Shandong province. The broadest easing of monetary policy came about after China’s economy expanded 7.3 in the third quarter, its slowest pace in five years. — EPA

M'sian, Asian stocks up on China interest rate cut

PETALING JAYA: Asian stock markets soared, led by sharp gains in China after the central bank lowered the interest rate for the first time in more than two years. The surprise cut, analysts said, is a signal that policymakers in China are taking a more aggressive action to boost slacking domestic growth.

25 November 2014 | 12:00AM |

Stocks

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