Business

Maiden project: (from left) Lim, Ho Chin Soon Research Sdn Bhd director Ho Chin Soon, MCT Consortium executive director Datuk Soo Kai Chee at the launch.

MCT Consortium: IPO to help fund land acquisitions

KUALA LUMPUR: Property developer MCT Consortium Bhd, en route to a listing on Bursa Malaysia on April 6, intends to use proceeds from its initial public offering (IPO) to help pay for new land acquisitions.

Press Conference by SP Setia after its 40th AGM.SP Setia’s acting president and chief executive officer Datuk Khor Chap Jen

SP Setia expects sales to pick up in second half

SHAH ALAM: SP Setia Bhd, a property developer controlled by Permodalan Nasional Bhd, expects sales to pick up in the second half of the year after a sluggish start.

Malaysia Airlines to renegotiate 4,000 contracts

KUALA LUMPUR: Newly-formed Malaysia Airlines Bhd (MAB) has identified 4,000 contracts for renegotiations under its recovery plan.

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Naza proposes to finance up to 90% of LRT 3

PETALING JAYA: The Naza Group, which is jointly bidding for the role of project delivery partner (PDP) for the development of the RM9bil light rail transit line three (LRT 3) with China-based CSR Zhuzhou Electric Locomotive Co Ltd, has proposed to finance up to 90% of the project.

27 March 2015 | 12:00AM |

Naza

Sentoria has received good response to its Bukit Gambang Resort City, which is one of the biggest safari parks in the country.

Busy years ahead for Sentoria

KUANTAN: Theme park operator-cum-property developer Sentoria Group Bhd is set to see busy years ahead with its Borneo Samariang Resort City and Sentoria Morib Resort City projects, which are expected to be launched during its 2015 financial year.

27 March 2015 | 12:00AM |

sentoria

Oil prices surge after Saudi air strikes in Yemen

SINGAPORE/TOKYO: Brent crude oil shot up nearly 6 percent on Thursday after Saudi Arabia and its Gulf Arab allies began a military operation in Yemen, although importers saw little immediate threat to supplies.

26 March 2015 | 3:55PM |

Oil & Gas

Eco World Investment to launch UK projects

KUALA LUMPUR: Eco World Investment Co Ltd (EWI), a private vehicle controlled by Tan Sri Liew Kee Sin, is gearing up to launch half of its property projects in the UK by the end of this year.

27 March 2015 | 12:00AM |

Eco WOrld

CIMB says appointed to advise on sale of 1MDB's power assets

KUALA LUMPUR: CIMB Group Holdings Bhd , Malaysia's second-largest bank by assets, said on Thursday it has been appointed by the country's finance ministry to act as adviser for the potential sale of power firm Edra Global Energy Bhd, owned by indebted state fund 1MDB, to strategic investors.

26 March 2015 | 5:21PM |

Corporate News

3G to cut costs after Kraft merger

NEW YORK: When Kraft Foods Group merges with H Heinz Co, they will share a name, a central place in the American kitchen and two headquarters near Chicago and Pittsburgh.

27 March 2015 | 12:00AM |

Kraft foods

Weak start on Bursa as PetDag, UMW slip

KUALA LUMPUR: Blue chips got off to a weak start on Friday after the lacklustre overnight close on Wall Street, with Petronas Dagangan and UMW weighing on the FBM KLCI.

27 March 2015 | 9:33AM |

Markets

Asian markets edge higher after upbeat US data

TOKYO: Asian stocks crawled higher on Friday as upbeat U.S. economic data helped revive some risk appetite lost following air strikes on Houthi militants in Yemen, while the dollar rebounded.

27 March 2015 | 9:15AM |

Markets

Sentoria has received good response to its Bukit Gambang Resort City, which is one of the biggest safari parks in the country.

Busy years ahead for Sentoria

KUANTAN: Theme park operator-cum-property developer Sentoria Group Bhd is set to see busy years ahead with its Borneo Samariang Resort City and Sentoria Morib Resort City projects, which are expected to be launched during its 2015 financial year.

27 March 2015 | 12:00AM |

sentoria

Naza proposes to finance up to 90% of LRT 3

PETALING JAYA: The Naza Group, which is jointly bidding for the role of project delivery partner (PDP) for the development of the RM9bil light rail transit line three (LRT 3) with China-based CSR Zhuzhou Electric Locomotive Co Ltd, has proposed to finance up to 90% of the project.

27 March 2015 | 12:00AM |

Naza

Gamuda profit rises 7%

PETALING JAYA: Gamuda Bhd recorded a 7% increase in net profit to RM182.18mil and a 26% growth in revenue to RM653.24mil for its second quarter ended Jan 31, 2015, boosted by strong contribution from the Klang Valley Mass Rapid Transit (KVMRT) project and the Gamuda City development in Vietnam.

27 March 2015 | 12:00AM |

Gamuda

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