Business

RHB Capital Q1 earnings higher at RM476m (Update)

KUALA LUMPUR: RHB Capital Bhd’s earnings rose 5.6% to RM476.27mil in the first quarter ended March 31, 2015 on total income growth and lower loan impairment charges.

Sime Darby Motors listing delay contributes to Sime rating down-grade

PETALING JAYA: Sime Darby Bhd’s delay in listing its auto unit, Sime Darby Motors Bhd, has partly contributed to the conglomerate being accorded a lower rating by Standard & Poor’s Ratings Services (S&P).

KPJ eyes senior citizens care business

JOHOR BARU: Hospital operator KPJ Healthcare Bhd is expanding its senior care services to cater to growing demand at home.

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Ahmad Husni: IPIC to provide US$1b to 1MDB

KUALA LUMPUR: International Petroleum Investment Company (IPIC) to provide US$1bil by June 4 to 1Malaysia Development Bhd (1MDB) to repay US$975m (RM3.5bil) loan to a syndicate of international bank lenders

29 May 2015 | 4:02PM |

Banking

Intel shifts Kulim ops to China and Vietnam, 600 let off

GEORGE TOWN: Chip-making leader Intel Corp is relocating some of its mature products to China and Vietnam from the facility in Kulim, and has started relieving some of the workers attached to them. Sources told StarBiz that the Kulim facility has for the past weeks let off about 600 workers involved in manufacturing

28 May 2015 | 12:00AM |

Stocks

Moody's take on 1MDB

KUALA LUMPUR: There is a worry that Malaysia’s fiscal consolidation may be derailed should the Government be forced to assist 1Malaysia Development Bhd (1MDB) financially.

28 May 2015 | 12:00AM |

Stocks

1MDB’s Arul refutes Sarawak Report over BSI account

KUALA LUMPUR: 1MDB president and group executive director Arul Kanda Kandasamy has refuted an online blog Sarawak Report that he had allegedly provided false statement to Bank Negara Malaysia (BNM) that 1MDB had cash in a BSI account in Singapore.

28 May 2015 | 11:53AM |

Corporate News

AirAsia revenue flat but earnings up

KUALA LUMPUR: AirAsia Bhd’s revenue for the first quarter ended March 31 was virtually unchanged at RM1.3bil from a year ago but net profit climbed 6.8% to RM149.3mil from RM139.7mil, boosted by growth in passenger volume.

29 May 2015 | 12:00AM |

Airlines

Market awaits update from 1MDB roadmap

KUALA LUMPUR: The market will be awaiting updates on the controversial 1Malaysia Development Bhd (1MDB) on Friday where the Prime Minister and his Cabinet will be given first-hand and the latest information.

29 May 2015 | 8:42AM |

Markets

Ahmad Husni: IPIC to provide US$1b to 1MDB

KUALA LUMPUR: International Petroleum Investment Company (IPIC) to provide US$1bil by June 4 to 1Malaysia Development Bhd (1MDB) to repay US$975m (RM3.5bil) loan to a syndicate of international bank lenders

29 May 2015 | 4:02PM |

Banking

China to replace business tax on financial sector

BEIJING/SHANGHAI: China's Ministry of Finance plans to introduce a 6% value-added tax for financial institutions, replacing the current corporate tax on the sector, sources with direct knowledge of the situation told Reuters.

29 May 2015 | 3:59PM |

Business News

Tanjung Offshore adopts whistle-blowing policy

KUALA LUMPUR: In a bid to provide greater transparency, Tanjung Offshore Bhd (TOB) has implemented a whistle-blowing policy to provide directors and employees a platform to raise their concerns on any malpractices within the group.

29 May 2015 | 2:44PM |

Corporate News

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