Business

US dollar peg to remain, says HK chief executive

KUALA LUMPUR: The policy to keep the Hong Kong dollar pegged against the US dollar will remain although the Asian currencies have come under increasing pressure due to the volatility in the dollar.

Sarawak Energy chief executive Datuk Torstein Dale Sjotveit. - ZULAZHAR SHEBLEE / THE STAR

Sarawak’s Baleh dam will have 1,285-MW capacity

KUCHING: The proposed Baleh hydroelectric dam, which Sarawak Energy Bhd (SEB) plans to build to boost its power generation capacity, will have an installed capacity of 1,285 MW.

Ter is mainly injecting shares of his private property companies.

QL substantial shareholders take up stake in Sunsuria

PETALING JAYA: Agri-food and poultry giant QL Resources Bhd is poised to emerge as a substiantial shareholder in property developer Sunsuria Bhd, which is embarking on the Xiamen University Malaysia Campus property development project in Sepang, said sources.

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DiGi posts RM479.2mil in net profit for Q1

KUALA LUMPUR: DiGi.com Bhd's net profit for its first quarter ended March 31, 2015 slipped 1.2% to RM479.21mil from RM485.15mil a year ago due to seasonally higher device sales and impact from lower margins.

27 April 2015 | 1:24PM |

Corporate News

Why Malaysians rejected proposed EPF withdrawal age

The Prime Minister Datuk Seri Najib Tun Razak made an announcement that had many Malaysians let out a sigh of relief. The hotly debated Employees Provident Fund’s (EPF) proposal of raising the full withdrawal age from 55 to 60, had many Malaysians worried.

26 April 2015 | 2:04PM |

Personal Finance

Carimin partners with Middle East companies

KUALA LUMPUR: Carimin Petroleum Bhd, oil and gas (O&G) services provider has inked collaboration agreements with Makamin Offshore Saudi Ltd (MOS) and Petrol Allied International DMCEST (PAI) to jointly tender for oil and gas business activities in Saudi Arabia, the Middle East, South East Asia and Australia.

27 April 2015 | 1:03PM |

Oil & Gas

Like shale oil, solar power is shaking up global energy

SINGAPORE/TOKYO: One by one, Japan is turning off the lights at the giant oil-fired power plants that propelled it to the ranks of the world's top industrialised nations. With nuclear power in the doldrums after the Fukushima disaster, it's solar energy that is becoming the alternative.

26 April 2015 | 1:55PM |

Corporate News

Central banks’ ability to pilot economies in doubt

LONDON: Most central banks have been easing policy since the start of the year and are set to do more, but it still isn’t clear whether that new activism, which has pushed stock markets to record highs, will help the global economy much.

27 April 2015 | 12:00AM |

global

BHP faces A$522 mln tax bill on Singapore marketing hub

MELBOURNE: BHP Billiton is contesting A$522 million ($409 million) in Australian tax bills on its Singapore marketing operations up to 2010, after having paid almost no tax in Singapore since 2006, the global miner told an Australian Senate panel.

27 April 2015 | 9:54AM |

Corporate News

US crude oil above US$57 on rising Yemen tensions

SEOUL: US crude held above US$57.15 a barrel on Monday, close to a 2015 high as fights in Yemen intensified and U.S.-led air strikes targeted Islamic State militants in Syria, creating more tensions over the security of Middle East oil supplies.

27 April 2015 | 9:30AM |

Oil & Gas

KLCI ekes out slim gains in volatile trade

KUALA LUMPUR: The FBM KLCI eked out slim gains at the midday break on Monday in volatile trade, which saw the 30-stock coming under pressure in late morning as plantation stocks fell.

27 April 2015 | 12:56PM |

Markets

MMHE net profit up 4%

KUALA LUMPUR: Malaysia Marine and Heavy Engineering Holdings Bhd’s (MMHE) net profit for the first quarter ended March 31, 2015 increased 4% to RM36.03mil, from RM34.63mil a year ago on the back of higher revenue from the group’s offshore and marine divisions.

27 April 2015 | 2:57PM |

Corporate News

DiGi posts RM479.2mil in net profit for Q1

KUALA LUMPUR: DiGi.com Bhd's net profit for its first quarter ended March 31, 2015 slipped 1.2% to RM479.21mil from RM485.15mil a year ago due to seasonally higher device sales and impact from lower margins.

27 April 2015 | 1:24PM |

Corporate News

Carimin partners with Middle East companies

KUALA LUMPUR: Carimin Petroleum Bhd, oil and gas (O&G) services provider has inked collaboration agreements with Makamin Offshore Saudi Ltd (MOS) and Petrol Allied International DMCEST (PAI) to jointly tender for oil and gas business activities in Saudi Arabia, the Middle East, South East Asia and Australia.

27 April 2015 | 1:03PM |

Oil & Gas

KLCI ekes out slim gains in volatile trade

KUALA LUMPUR: The FBM KLCI eked out slim gains at the midday break on Monday in volatile trade, which saw the 30-stock coming under pressure in late morning as plantation stocks fell.

27 April 2015 | 12:56PM |

Markets

Kenanga maintains Underperform on Pantech

KUALA LUMPUR: Kenanga Research is maintaining a ‘underperform’ call on Pantech Group Holdings Bhd (Pantech) with a target price of RM0.74, based on calendar year 2016 with a price to earnings ratio of nine times.

27 April 2015 | 12:26PM |

Analyst Reports

BHP faces A$522 mln tax bill on Singapore marketing hub

MELBOURNE: BHP Billiton is contesting A$522 million ($409 million) in Australian tax bills on its Singapore marketing operations up to 2010, after having paid almost no tax in Singapore since 2006, the global miner told an Australian Senate panel.

27 April 2015 | 9:54AM |

Corporate News

Firm start for Bursa Malaysia as Tenaga, TM advance

KUALA LUMPUR: Malaysia’s blue chips kicked off the new week on Monday on a strong note, sending the FBM KLCI up nearly five points, underpinned by gains in heavyweights Tenaga Nasional and Telekom Malaysia.

27 April 2015 | 9:48AM |

Markets

US crude oil above US$57 on rising Yemen tensions

SEOUL: US crude held above US$57.15 a barrel on Monday, close to a 2015 high as fights in Yemen intensified and U.S.-led air strikes targeted Islamic State militants in Syria, creating more tensions over the security of Middle East oil supplies.

27 April 2015 | 9:30AM |

Oil & Gas

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