Business

MBSB-Muamalat merger, full-fledged Islamic bank on the cards?

PETALING JAYA: Malaysia Building Society Bhd (MBSB), one of the non-conventional banks in the local financial industry, is on track to obtaining a full-fledged Islamic banking licence with plans under way for a merger with Bank Muamalat.

Public Bank posts strong Q2 earnings, dividend 24 sen (Update)

KUALA LUMPUR: Public Bank Bhd posted a strong financial performance in the second quarter ended June 30, 2015 with earnings up 13.3% to RM1.196bil from RM1.055bil a year ago.

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TA hangs on to brokerage

KUALA LUMPUR: TA Enterprise Bhd does not intend to let go of the lucrative brokerage business. Managing director and chief executive officer Datin Alicia Tiah said the business provided a steady flow of income.

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Bursa Malaysia reprimands and fines Lim Yin Chow

KUALA LUMPUR: Bursa Malaysia has reprimanded and imposed a fine of RM30,000 on Lim Yin Chow, a former non-executive director of Stemlife Bhd, Signature International Bhd and Rev Asia Bhd for submitting false information on his education qualifications.

30 July 2015 | 2:54PM |

Business News

MoF sells entire interest in Bursa Malaysia to KWAP

KUALA LUMPUR: Minister of Finance Inc (MoF Inc), the second largest shareholder in Bursa Malaysia Bhd, has disposed of its entire 16.12% stake in the securities and commodity exchange operator to Retirement Fund Inc (KWAP) effective July 29.

29 July 2015 | 9:49PM |

Corporate News

Oil prices fall in longest decline in a year

LONDON: Oil prices fell on Wednesday, in their longest string of daily losses in a year as worsening global oversupply offset the potential lift from a weaker dollar and an expected drop in US crude stocks.

30 July 2015 | 11:27AM |

Business News

Hong Kong stocks slide as China markets fall

HONG KONG: Hong Kong shares fell on Thursday as fresh losses in mainland China markets outweighed the U.S. Federal Reserve's optimism that the world's largest economy was improving.

30 July 2015 | 5:12PM |

Markets

Sunway Hotels and Resorts teams up with AirAsia BIG

KUALA LUMPUR: Sunway Hotels and Resorts has teamed up with AirAsia BIG to enable members of AirAsia BIG Loyalty Programme to earn BIG Points when they book rooms with Sunway Hotels and Resorts in Malaysia, Cambodia, and Vietnam.

30 July 2015 | 4:41PM |

Business News

Petronas’ project in Canada may not start in the fall - report

KUALA LUMPUR: The British Columbia (BC) government is not in a position to say when construction of the Petroliam Nasional Bhd (Petronas)-led Pacific NorthWest LNG project will start, BC-based publication Alaska Highway News reported quoting a finance ministry spokesperson.

30 July 2015 | 5:40PM |

Oil & Gas

Petronas’ project in Canada may not start in the fall - report

KUALA LUMPUR: The British Columbia (BC) government is not in a position to say when construction of the Petroliam Nasional Bhd (Petronas)-led Pacific NorthWest LNG project will start, BC-based publication Alaska Highway News reported quoting a finance ministry spokesperson.

30 July 2015 | 5:40PM |

Oil & Gas

Hong Kong stocks slide as China markets fall

HONG KONG: Hong Kong shares fell on Thursday as fresh losses in mainland China markets outweighed the U.S. Federal Reserve's optimism that the world's largest economy was improving.

30 July 2015 | 5:12PM |

Markets

Sunway Hotels and Resorts teams up with AirAsia BIG

KUALA LUMPUR: Sunway Hotels and Resorts has teamed up with AirAsia BIG to enable members of AirAsia BIG Loyalty Programme to earn BIG Points when they book rooms with Sunway Hotels and Resorts in Malaysia, Cambodia, and Vietnam.

30 July 2015 | 4:41PM |

Business News

Bursa Malaysia reprimands and fines Lim Yin Chow

KUALA LUMPUR: Bursa Malaysia has reprimanded and imposed a fine of RM30,000 on Lim Yin Chow, a former non-executive director of Stemlife Bhd, Signature International Bhd and Rev Asia Bhd for submitting false information on his education qualifications.

30 July 2015 | 2:54PM |

Business News

Nokia posts surprise profit rise

HELSINKI: Nokia, the world's No. 3 network equipment maker, on Thursday reported a surprise rise in second-quarter profits, helped by high-margin software sales and fewer low-priced contracts at its mainstay telecom network equipment business.

30 July 2015 | 1:44PM |

Business News

Samsung Electronics posts 8% fall in Q2 net profit

South Korean giant Samsung Electronics posted an 8.0% fall in second quarter net profit and promised “flexible” pricing of its new flagship smartphone after less than stellar sales contributed to a slump in its mobile unit’s earnings.

30 July 2015 | 12:52PM |

Earnings

Telecom Italia inks deal with Netflix

Telecom Italia will offer TV series and movies from Netflix to its clients after a deal the Italian phone group said would help spur demand for faster Internet in the euro zone's No 3 economy.

30 July 2015 | 12:06PM |

Corporate News

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