Business

Billionaire Ananda Krishnan in foundation to promote study of Mandarin and English

PETALING JAYA: Billionaire T Ananda Krishnan and the Usaha Tegas Group have launched the Yu Cai Foundation (YCF), which will principally focus on giving grants to educational institutions which promote the study of Mandarin and English.

M'sian ringgit hit by S'pore easing monetary policy

PETALING JAYA: The ringgit has become an unwitting casualty of Singapore’s surprise easing of its tightly controlled monetary policy, as the country joined a growing list of central banks around the world taking extraordinary steps in shoring up faltering economic growth as inflation slows.

Changes in the air at AMMB?

PETALING JAYA: AMMB Holdings Bhd may see changes to some of its key positions in the next few months.

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AZRB to invest RM15mil in supply base

KUALA LUMPUR: Ahmad Zaki Resources Bhd (AZRB) will invest between RM12mil and RM15mil in new fuel and potable water bunkering facilities at the Tok Bali supply base in Kelantan.

29 January 2015 | 12:00AM |

Stocks

ASTINO managing director Ng Back Teng

Astino to gain from housing revival plans

GEORGE TOWN: The Government’s efforts to revive abandoned housing projects are expected to improve Astino Bhd’s performance by a single-digit percentage for the 2015 fiscal year ending in July.

29 January 2015 | 12:00AM |

Stocks

Petronas to prioritise spending, shelve high-risk ventures

KUCHING: Petroliam Nasional Bhd (Petronas) will prioritise its spending and put on hold higher-risk ventures, as the current low crude oil prices might persist, said vice-president of the technical global upstream business Mazuin Ismail.

28 January 2015 | 12:00AM |

Petronas

1MDB seeking another loan extension

Kuala Lumpur: 1Malaysia Development Bhd (1MDB) is planning to seek another one-month extension on a RM2bil loan to give it more time to sell a stake in its energy unit, sources said.

28 January 2015 | 12:00AM |

1MDB

AmResearch maintains Buy on E&O

KUALA LUMPUR: AmResearch has maintained its Buy call on Eastern & Oriental (E&O) with a fair value of RM3.82 a shares following the enlarged share base to account for the bonus issue and dilution from warrants.

29 January 2015 | 11:12AM |

Analyst Reports

Integrax, Perak Corp among top gainers

KUALA LUMPUR: Shares of port operator Integrax Bhd and related company Perak Corp Bhd were among the top gainers in late morning trade on Thursday on hopes of a dividend for Integrax shareholders.

29 January 2015 | 11:26AM |

Corporate News

Johor likely to retain top spot as preferred investment destination

JOHOR BARU: Johor is likely to retain its leading position as the most preferred investment destination in the country in the manufacturing sector for 2014, according to Malaysian Investment Development Authority executive director, manufacturing development (resource) N. Sangaran.

29 January 2015 | 12:00AM |

Stocks

Pertam signs RM337mil JV

MELAKA: The Melaka Customary Land Development Corporation (Pertam) has entered into joint-venture (JV) agreements with five companies to undertake five different development projects worth RM337mil.

29 January 2015 | 11:48AM |

Corporate News

LSE to put Russell Investments up for sale for US$1.4bil

LONDON: The London Stock Exchange Group Plc plans to put Russell Investments up for sale in mid-February and hopes to fetch around US$1.4 billion (923 million pounds) for the unit, two sources told Reuters Wednesday.

29 January 2015 | 11:38AM |

Stocks

Integrax, Perak Corp among top gainers

KUALA LUMPUR: Shares of port operator Integrax Bhd and related company Perak Corp Bhd were among the top gainers in late morning trade on Thursday on hopes of a dividend for Integrax shareholders.

29 January 2015 | 11:26AM |

Corporate News

AmResearch maintains Buy on E&O

KUALA LUMPUR: AmResearch has maintained its Buy call on Eastern & Oriental (E&O) with a fair value of RM3.82 a shares following the enlarged share base to account for the bonus issue and dilution from warrants.

29 January 2015 | 11:12AM |

Analyst Reports

Asian shares retreat in early trade Thursday

TOKYO: Asian shares retreated in early trade on Thursday after the Federal Reserve unexpectedly lifted its view on the economy, signaling that the U.S. central bank remains firmly on track with plans to raise interest rates this year.

29 January 2015 | 9:08AM |

Stocks

UMW Oil and Gas order book nearly RM2b

KUALA LUMPUR: CIMB Equities Research has advised investors to accumulate shares of UMW Oil and Gas (UMW-OG) due to the strong order book of RM1.9bil as at end-December 2014 and is seeking RM5.6bil of contracts.

29 January 2015 | 8:44AM |

Corporate News

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