Business

Jentayu snubbed by Khazanah on offer to buy airlines

PETALING JAYA: Officials of Jentayu Danaraksa Sdn Bhd are disappointed that Khazanah Nasional Bhd cancelled a scheduled appointment with them, dashing their plan that could save 6,000 jobs at Malaysia Airlines (MAS).

Shahril to be new MRT Corp CEO.

Shahril to helm MRT Corp, Azmi tipped to replace him at Prasarana

PETALING JAYA: It is confirmed that Prasarana Malaysia Bhd group managing director Datuk Seri Shahril Mokhtar will be helming Mass Rapid Transit Corp Sdn Bhd (MRT Corp) effective Jan 1, 2015.

Malaysia's Mah Sing among Nomura top picks in Asean

PETALING JAYA: Property developers Mah Sing Group Bhd and Thailand’s Quality Houses (QH) are Nomura Research’s Asean property yield picks that are expected to offer above-average yields and dividend growth in 2015 and 2016.

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Bursa Malaysia publicly reprimands TH Heavy

KUALA LUMPUR: Bursa Malaysia Securities has publicly reprimanded TH Heavy Engineering Bhd for failing to incorporate adjustments which were made in the annual audited accounts for the year ended Dec 31, 2013.

17 December 2014 | 5:34PM |

Corporate News

KLCI closes stronger, Maybank lifts

KUALA LUMPUR: The FBM KLCI closed Wednesday on a positive note, despite the mixed Asian equities, on some local fund buying of Maybank and Petronas Chemicals.

17 December 2014 | 5:24PM |

Markets

Scientex net profit up 3.1% to RM30.03mil

KUALA LUMPUR: Global packaging manufacturer and property developer Scientex Bhd's net profit for its first quarter ended Oct 31, 2014 rose 3.1% to RM30.03mil from RM29.3mil a year earlier.

17 December 2014 | 6:07PM |

Earnings

Russian rouble suffers steepest drop in 16 years

MOSCOW: The rouble plunged more than 11 percent against the US dollar on Tuesday in its steepest intraday fall since the Russian financial crisis in 1998 as confidence in the central bank evaporated after an ineffectual rate hike.

17 December 2014 | 7:04AM |

Banking

CGCs newly appointed president and CEO Mohd Zamree Mohd Ishak (right) takes over duties from Datuk Wan Azhar Wan Ahmad (left).CGC Chairman Dato Agil Natt looks on.

CGC appoints new CEO

PETALING JAYA: Credit Guarantee Corporation Malaysia Bhd (CGC) has appointed Mohd Zamree Mohd Ishak (pic) as its new president and chief executive officer, effective Jan 1 next year.

17 December 2014 | 12:00AM |

Stocks

OPEC hawks come round to merits of riding out oil slump

LONDON: OPEC members which backed an output cut at the group's meeting last month are coming around to the view of Saudi Arabia that they need to focus on market share, further reducing the chance of any action to defend prices.

17 December 2014 | 11:06PM |

Economy

Scientex net profit up 3.1% to RM30.03mil

KUALA LUMPUR: Global packaging manufacturer and property developer Scientex Bhd's net profit for its first quarter ended Oct 31, 2014 rose 3.1% to RM30.03mil from RM29.3mil a year earlier.

17 December 2014 | 6:07PM |

Earnings

VS Industry Q1 net profit up nearly 3 times

KUALA LUMPUR: Electronics manufacturer VS Industry Bhd saw its net profit soar more than 2½ times year-on-year to RM35.2mil from RM9.6mil in the first quarter ended Oct 31, 2014.

17 December 2014 | 5:51PM |

Earnings

Bursa Malaysia publicly reprimands TH Heavy

KUALA LUMPUR: Bursa Malaysia Securities has publicly reprimanded TH Heavy Engineering Bhd for failing to incorporate adjustments which were made in the annual audited accounts for the year ended Dec 31, 2013.

17 December 2014 | 5:34PM |

Corporate News

Uber faces tough rivals, regulatory glare in China

Deep-pocketed Chinese rivals and tough regulators stand in the way of US car-hailing service Uber's plans to conquer one of the world's biggest transportation markets, even after it signed a tie-up with domestic internet giant Baidu Inc.

17 December 2014 | 5:31PM |

Foreign News

KLCI closes stronger, Maybank lifts

KUALA LUMPUR: The FBM KLCI closed Wednesday on a positive note, despite the mixed Asian equities, on some local fund buying of Maybank and Petronas Chemicals.

17 December 2014 | 5:24PM |

Markets

Philips to buy medical device maker Volcano for US$1.2bil

Philips has agreed to acquire US-based medical device maker Volcano Corp for US$1.2bil (RM4.18bil) including debt, its largest healthcare acquisition in seven years and a bid to cash in on an aging population's need for more complex treatments.

17 December 2014 | 5:11PM |

Foreign News

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