Business

IJM eyeing 1MDB's power generation assets

PETALING JAYA: IJM Corp Bhd former chief executive officer and managing director Datuk Teh Kean Ming (pic) leaves a diversified group that has its finger in several pies, from construction to ports and plantations, with all five of its core business units moving full steam ahead.

See Goh: ‘We want to unlock value first’.

Compugates may have just turned the corner

RM44mil sale will allow it to embark on bigger Agarwood business

Fang: ‘Things are proceeding as planned.’

Kawan Food plant on track

PETALING JAYA: Frozen food manufacturer Kawan Food Bhd’s bigger and better factory in Pulau Indah is on track to commence operations by year-end.

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The rich get richer

THE richest 1,000 families in Britain now control £547bil (RM3 trillion), an increase of 112% since the financial crisis, with London having more billionaires than any world city.

4 May 2015 | 12:00AM |

Property

Credit card can be a useful tool to the discerning user.

Not all debt is bad

SINCE the US subprime mortgage crisis of 2007–2008, we have had an influx of credit and debt related news such as the European sovereign debt crisis (often referred to as the eurozone crisis), the European Central Bank’s quantitative easing (QE) programme and, closer home, 1MDB.

4 May 2015 | 12:00AM |

Banking

New Bank Negara guidelines seen weighing on earnings

PETALING JAYA: The recent Bank Negara revised guidelines on restructured and rescheduled (R&R) loans could hit the asset quality of banks and impact its earnings this year amid the compression in net interest margins, slower loan growth and softer capital market activities in the banking sector.

4 May 2015 | 12:00AM |

Banking

Cahya Mata to expand cement production capacity by 60%

KUCHING: Cahya Mata Sarawak Bhd (CMS) will raise cement production capacity by almost 60% to 2.75 million tonnes per annum when its third grinding plant, currently being built, is commissioned in the first quarter of 2016.

5 May 2015 | 12:00AM |

Stocks

Indonesia Q1 growth weakest since 2009, leaves central bank in bind

JAKARTA: Indonesia’s economic growth in the first quarter slumped to its weakest annual pace since 2009, leaving its central bank in a bind as rising inflationary pressures and a faltering currency crimp its ability to jump-start South-East Asia’s biggest economy. - Reuters

5 May 2015 | 4:44PM |

Economy

Indonesia Q1 growth weakest since 2009, leaves central bank in bind

JAKARTA: Indonesia’s economic growth in the first quarter slumped to its weakest annual pace since 2009, leaving its central bank in a bind as rising inflationary pressures and a faltering currency crimp its ability to jump-start South-East Asia’s biggest economy. - Reuters

5 May 2015 | 4:44PM |

Economy

AirAsia inks agreement benefitting 20 local universities

KUALA LUMPUR: AirAsia Bhd today signed a memorandum of agreement (MoA) with 20 local public universities to enable their 650,000 staff members and students to travel more affordably and conveniently under the AirAsia 'Waran Perjalanan Udara Awam'(WPUA) programme.

5 May 2015 | 3:24PM |

Corporate News

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