Business

Foreign fund outflow from Malaysia above RM11b: MIDF Research

KUALA LUMPUR: MIDF Equities Research estimates that cumulative net foreign outflow from Malaysian equities rose to RM11.7bil at end July, significantly surpassing the RM6.9b outflow for the entire 2014.

Japanese, South Koreans may buy stake in Century Logistics

PETALING JAYA: Century Logistics Holdings Bhd is in talks with parties from South Korea and Japan looking for a strategic tie-up for access into the Malaysian market, sources say.

Aishah: ‘It will depend if there are initiatives such as a scapping policy or incentives to boost sales.’

Can automotive industry's million-unit vehicle target be met by 2020?

PETALING JAYA: The Malaysian automotive industry can still hit a total industry volume (TIV) of one million units by 2020 – with the right economic fundamentals and proper incentives in place.

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EcoFirst says land buy delayed

KUALA LUMPUR: EcoFirst Consolidated Bhd said the acquisition of 25ha of freehold land in Ulu Klang, Gombak, worth RM145mil, has been delayed by three months due to technical issues on land alignment.

3 August 2015 | 2:44PM |

Business

CPO futures prices to stay at current level

KUALA LUMPUR: Crude palm oil futures prices are expected to stay at current levels, with sentiment dampened by higher stocks and output, said Malaysian Palm Oil Council chairman Datuk Lee Yeow Chor.

3 August 2015 | 2:55PM |

Business

EcoFirst says land buy delayed

KUALA LUMPUR: EcoFirst Consolidated Bhd said the acquisition of 25ha of freehold land in Ulu Klang, Gombak, worth RM145mil, has been delayed by three months due to technical issues on land alignment.

3 August 2015 | 2:44PM |

Business

China manufacturing index hits two-year low, survey shows

BEIJING: A key gauge of Chinese manufacturing activity plunged to a two-year low in July, an independent survey showed on Monday, the latest data suggesting the world’s second-largest economy faces challenges in the third quarter.

3 August 2015 | 2:37PM |

Business

Commodities, currencies and China in limelight

New York: Commodities and currencies may continue to be in the spotlight for investors this week, as prospects for a Federal Reserve interest rate rise and the Chinese stock market slump work their way around global markets.

3 August 2015 | 2:09PM |

Business

China freezes US fund Citadel's account

Shanghai: China's markets regulator has suspended a trading account of US-based hedge fund Citadel LLC, the fund said on Monday, in the watchdog's first known move against a big foreign investor as it battles to prop up China's ailing stock markets.

3 August 2015 | 1:55PM |

Business

Weststar a main contractor for Mindef

KUALA LUMPUR: Weststar Group has been apppointed the main contractor for the Defence Ministry (Mindef)'s procurement of the STARStreak Very Short Range Air Defence system from Thales Air Defence Ltd UK.

3 August 2015 | 1:45PM |

Business

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