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

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

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

AirAsia X positive of turnaround

SEPANG: Long-haul low-cost carrier AirAsia X Bhd is optimistic of making a turnaround this year with the implementation of a capacity management and restructuring exercise.

27 March 2015 | 4:39PM |

Airlines

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

Some funds are believed to be just taking a risk-off mode to MyEG as the Government may review the company’s online monopoly.

Issues over workers permit system bogs down MyEG

PETALING JAYA: Renewed concerns following continued complaints pursuant to the implementation of the Government’s online services platform for the issuance of foreign worker’s permit caused MyEG Services Bhd’s shares to fall by 10 sen and close at RM2.82.

26 March 2015 | 12:00AM |

Business News

AirAsia X positive of turnaround

SEPANG: Long-haul low-cost carrier AirAsia X Bhd is optimistic of making a turnaround this year with the implementation of a capacity management and restructuring exercise.

27 March 2015 | 4:39PM |

Airlines

Econpile on AmResearch's Buy list

KUALA LUMPUR: AmResearch is maintaining a “Buy” call on Econpile Holdings Bhd with an unchanged target price of RM1.40 per share based on 15 times price-to-earnings ratio of financial year 2015 forecast (FY15F).

27 March 2015 | 1:17PM |

Analyst Reports

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