Business

All’s fine for now for Maybank, but maket conditions may change

KUALA LUMPUR: After registering a sterling fourth-quarter performance, Malayan Banking Bhd (Maybank) expects its performance to sustain at least in the first quarter of this year. However, for the rest of the year, capital market conditions remained uncertain, said president and chief executive officer Datuk Abdul Farid Alias

Mustapa says the Government will include customised incentives to attract more foreign investors. – Bernama

Malaysia's approved investments at record RM236bil

KUALA LUMPUR: Approved investments climbed for the fourth consecutive year in 2014, rising to a new high of RM235.9bil compared with RM219.4bil recorded in 2013, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed.

Sime Darby Bhd president and group chief executive Tan Sri Mohd Bakke Salleh at Sime Darbys second quarter ended June 30, 2015 results announcement at Sime Darby Convention Centre, Kuala Lumpur on Feb 26.FAIHAN GHANI/The Star.

Sime defers listing of motor arm to H2 this year

KUALA LUMPUR: Sime Darby Bhd, which saw its net profit decline by 47% to RM437.4mil for the second quarter ended Dec 31, 2014, will defer the listing of its automotive arm to the second half of this year.

  • previous
  • 1
  • 2
  • 3
  • next
  • Top Stories
  • Latest
ACCCIM president Tan Sri William Cheng Heng Jem

Parkson's net pfofit soars on property, F&B

PETALING JAYA: Tan Sri William Cheng’s (pic) Parkson Holdings Bhd reported a net profit that leaped 332.29% to RM110.61mil on the back of a 3.54% jump in revenue to RM981.68mil for the second quarter to Dec 31, 2014. Earnings per share increased to 10.24 sen from 2.38 sen.

27 February 2015 | 12:00AM |

Stocks

FGV down on stock downgrade

PETALING JAYA: Felda Global Ventures Holdings Bhd’s (FGV) share price dropped by almost 13% after analysts downgraded the stock following the group’s disappointing quarter. The stock closed 38 sen lower at RM2.56 yesterday, the steepest fall in the last 18 months. The counter saw 14.56 million shares being traded.

26 February 2015 | 12:00AM |

Palm Oil

MBSB’s future path

PETALING JAYA: A corporate exercise is inevitable for non-bank lender Malaysia Building Society Bhd (MBSB) as it maps out its next five-year growth phase on the back of an increasing competitive landscape.

26 February 2015 | 12:00AM |

Banking

Ringgit strengthens against US dollar

KUALA LUMPUR: The ringgit was higher compared to the US dollar in late trading today at slightly below the 3.600 level, as the greenback extended losses in most overseas markets, a currency trader said.

26 February 2015 | 6:29PM |

Globetronics downgraded 'hold', Yinson 'buy', Malaysian Bulk 'underperform'

GLOBETRONICS Technology Bhd’s (GTB) financial year 2014 (FY14) earnings rose by 22% y-o-y to a record high of RM64mil, which was largely attributed to higher volume loadings for proximity sensors given the successful launch of a new smartphone model and new product transfers from key customers for the quartz timing devices and LED/SSL divisions.

26 February 2015 | 12:00AM |

Analyst Reports

Malaysian palm oil price ends higher on gains in crude oil

KUALA LUMPUR: Malaysian palm oil futures inched up on Thursday, tracking gains in crude markets, but uncertainty over global appetite for the vegetable oil and prospects of a faster-than-expected recovery in weather-hit yields kept prices rangebound.

27 February 2015 | 7:06AM |

Palm Oil

Malaysian palm oil price ends higher on gains in crude oil

KUALA LUMPUR: Malaysian palm oil futures inched up on Thursday, tracking gains in crude markets, but uncertainty over global appetite for the vegetable oil and prospects of a faster-than-expected recovery in weather-hit yields kept prices rangebound.

27 February 2015 | 7:06AM |

Palm Oil

Lower gasoline prices dampen US consumer inflation

WASHINGTON: U.S. consumer prices fell over the past year for the first time since 2009 as gasoline prices continued to tumble, which could allow a cautious Federal Reserve more room to hold off on raising interest rates.

27 February 2015 | 6:43AM |

Economy

India to invest US$137bil in rail

NEW DELHI: India will increase investment in its overloaded railway network to 8.5 trillion rupees (US$137bil) over the next five years, the government said, promising to modernise existing tracks but shying away from raising fares to fund the expansion.

27 February 2015 | 12:00AM |

India

S&P raises India’s GDP forecasts

MUMBAI: Standard & Poor’s (S&P) sharply raised India’s growth forecasts for the next several years to reflect a recent change in how gross domestic product (GDP) is calculated by the government, and said the economy should be a “bright spot” in Asia.

27 February 2015 | 12:00AM |

S&P

Thai Airways’ loss widens

BANGKOK: Thai Airways International PCL posted a wider-than-expected fourth-quarter loss as a drop in passenger numbers after months of domestic political unrest hurt the national carrier, pushing its shares down to a nine-month low.

27 February 2015 | 12:00AM |

Thai Airways

Outside of Germany, ECB helps lift EU mood

BRUSSELS: Confidence in the eurozone’s economy strengthened for the second straight month in February but the improving morale in Italy, France and Spain was not shared in Germany, where there was less support for the European Central Bank’s (ECB) money printing plan.

27 February 2015 | 12:00AM |

EU

France pledges more savings to meet EU deficit target

PARIS: The French government has promised to eke out new savings to show the European Commission it could hit its deficit-cutting targets, a day after the European Union (EU) executive gave it a guarded reprieve on broken fiscal promises.

27 February 2015 | 12:00AM |

France

German conservatives back Greek extension

BERLIN: An overwhelming majority of German Chancellor Angela Merkel’s conservatives supported an extension of the Greek bailout in a test ballot yesterday, one day before a vote in the Bundestag lower house of parliament, according to particpants.

27 February 2015 | 12:00AM |

Greece

  • Page 1 of 34

Go to page:

advertisement

GST Updates

advertisement

advertisement