Business

1MDB sheds light, explains RM2bil debt,eyes listing

PETALING JAYA: Government-owned strategic fund 1Malaysia Development Bhd (1MDB) has shed light on its highly-debated RM2bil loan taken by its subsidiary and asserted that it will resubmit its application to list its power arm.

Higher palm oil price in sight

KUALA LUMPUR: Oil palm producers whose profits were affected by the 15% drop in crude palm oil (CPO) price last year, will get a short relief as the commodity is expected to climb back to RM2,500 per tonne in May from RM2,380 per tonne currently on lower production and reduced stocks outlook, said international palm oil expert Dorab Mistry.

albern murty, incoming ceo of DiGI.Com Bhd

New CEO bullish about DiGi

Big part of RM900mil capex to enhance network quality

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KLCI slides 15 points after overnight fall on Wall Street

KUALA LUMPUR: The FBM KLCI skidded more than 15 points in early Thursday trade after Wall Street continued to pull back from record highs, with Petronas Dagangan, SapuraKencana Petroleum, Tenaga Nasional and Public bank among the top losers.

5 March 2015 | 9:41AM |

Markets

Mokhzani Mahathir and Yeow resign from SapKen

PETALING JAYA: Tan Sri Mokhzani Mahathir and close associate Yeow Kheng Chew have resigned from the board of oil and gas giant SapuraKencana Petroleum Bhd, almost a year after they relinquished their executive position in the company.

5 March 2015 | 12:00AM |

Stocks

Chairman sells stake in Diversified

PETALING JAYA: Datuk Mah Siew Kwok has sold a 7.22% stake or 98 million shares worth RM12.3mil in service provider of integrated business solutions Diversified Gateway Solutions Bhd.

5 March 2015 | 12:00AM |

Stocks

Asia stocks slip in early trade Thursday,, euro at 11-year low

TOKYO: Asian stocks slipped on Thursday after Wall Street continued to pull back from record highs ahead of Friday's closely-watched U.S. jobs data, while the nervous euro languished at an 11-year low prior to the European Central Bank's policy meeting.

5 March 2015 | 8:57AM |

Stocks

Public Bank top gainer among KLCI stocks

KUALA LUMPUR: The FBM KLCI closed higher on Wednesday, underpinned by strong buying support for Public Bank, Petronas Chemicals and YTL but it was evident the broader market was still cautious.

4 March 2015 | 5:48PM |

Markets

KLCI slides 15 points after overnight fall on Wall Street

KUALA LUMPUR: The FBM KLCI skidded more than 15 points in early Thursday trade after Wall Street continued to pull back from record highs, with Petronas Dagangan, SapuraKencana Petroleum, Tenaga Nasional and Public bank among the top losers.

5 March 2015 | 9:41AM |

Markets

Asia stocks slip in early trade Thursday,, euro at 11-year low

TOKYO: Asian stocks slipped on Thursday after Wall Street continued to pull back from record highs ahead of Friday's closely-watched U.S. jobs data, while the nervous euro languished at an 11-year low prior to the European Central Bank's policy meeting.

5 March 2015 | 8:57AM |

Stocks

Oil price rises, Brent pares losses on Iran news

NEW YORK: U.S. oil futures rose on Wednesday and benchmark Brent pared losses as OPEC member Iran stressed that it opposed a timeline for a freeze on nuclear activities, news that helped crude rebound from an early slide tied to swelling U.S. stockpiles.

5 March 2015 | 6:51AM |

Oil & Gas

Global stocks fall, euro hits 11-1/2-year low before ECB talks

NEW YORK: Stock prices around the world fell on Wednesday on profit-taking, while the euro dropped to an 11-1/2-year low ahead of a European Central Bank meeting where policymakers are expected to offer details on their bond-purchase stimulus plan.

5 March 2015 | 6:47AM |

Stocks

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