Business

World Bank cuts 2015 Malaysia GDP forecast

PUTRAJAYA: The World Bank has cut its 2015 growth forecast for Malaysia’s economy to 4.7% from an earlier estimate of 4.9% on expectations of slower export growth and investments in the oil and gas industry as well as moderate private consumption next year.

Inflation up 3% in November

PETALING JAYA: Inflation rate, measured by the consumer price index (CPI), rose 3% in November from 2.8% in October, exceeding economists’ forecast of a slower-paced 2.7% growth.

Nirvana CEO: Opportunity to accumulate shares

HONG KONG: Integrated death care service provider Nirvana Asia Ltd that made its debut amid weak market sentiments on the Hong Kong Exchange yesterday feels the current valuation provides an opportunity for investors to accumulate the shares.

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KLCI opens stronger, to test 1,690 level

KUALA LUMPUR: The FBM KLCI kicked off Thursday firmer in tandem with the stronger Asian equities after US stocks enjoyed their strongest session this year when the Federal Reserve sounded upbeat on the economy and promised to be patient in removing policy stimulus.

18 December 2014 | 9:22AM |

Markets

OWG opens flat at 88 sen on Bursa Malaysia

KUALA LUMPUR: Only World Group Holdings Bhd (OWG) staged a lukewarm debut on the Main Market of Bursa Malaysia Securities on Thursday, opening flat at its offer price of 88 sen.

18 December 2014 | 9:15AM |

Stocks

Bursa Malaysia publicly reprimands TH Heavy

KUALA LUMPUR: Bursa Malaysia Securities has publicly reprimanded TH Heavy Engineering Bhd for failing to incorporate adjustments which were made in the annual audited accounts for the year ended Dec 31, 2013.

17 December 2014 | 5:34PM |

Corporate News

Jentayu snubbed by Khazanah on offer to buy airlines

PETALING JAYA: Officials of Jentayu Danaraksa Sdn Bhd are disappointed that Khazanah Nasional Bhd cancelled a scheduled appointment with them, dashing their plan that could save 6,000 jobs at Malaysia Airlines (MAS).

17 December 2014 | 12:00AM |

Airlines

Wall St rallies after Fed statement; S&P has best day this year

NEW YORK: U.S. stock averages posted their best day this year and the dollar strengthened on Wednesday after the Federal Reserve signaled America's economy was strong enough to handle interest rate hikes in 2015, though it emphasized that shifts in policy would be gradual.

18 December 2014 | 8:15AM |

Economy

BIMB Research sees bargain hunting on Bursa

KUALA LUMPUR: BIMB Securities Research expects bargain hunting to continue on Thursday but its upside may be limited by the persistent foreign sell-down thus envisage the FBM KLCI to test the 1,690 level.

18 December 2014 | 8:36AM |

Economy

Fed confident on US growth, opens door wider to rate hike

WASHINGTON: The Federal Reserve on Wednesday offered a strong signal that it was on track to raise interest rates sometime next year, altering a pledge to keep rates near zero for a "considerable time" in a show of confidence in the U.S. economy.

18 December 2014 | 8:10AM |

Banking

KLCI opens stronger, to test 1,690 level

KUALA LUMPUR: The FBM KLCI kicked off Thursday firmer in tandem with the stronger Asian equities after US stocks enjoyed their strongest session this year when the Federal Reserve sounded upbeat on the economy and promised to be patient in removing policy stimulus.

18 December 2014 | 9:22AM |

Markets

OWG opens flat at 88 sen on Bursa Malaysia

KUALA LUMPUR: Only World Group Holdings Bhd (OWG) staged a lukewarm debut on the Main Market of Bursa Malaysia Securities on Thursday, opening flat at its offer price of 88 sen.

18 December 2014 | 9:15AM |

Stocks

BIMB Research sees bargain hunting on Bursa

KUALA LUMPUR: BIMB Securities Research expects bargain hunting to continue on Thursday but its upside may be limited by the persistent foreign sell-down thus envisage the FBM KLCI to test the 1,690 level.

18 December 2014 | 8:36AM |

Economy

Asia comforted by strong Wall St, confident Fed

SYDNEY: Asian shares rallied on Thursday after U.S. stocks enjoyed their strongest session this year when the Federal Reserve sounded upbeat on the economy and promised to be patient in removing policy stimulus.

18 December 2014 | 8:17AM |

Economy

Wall St rallies after Fed statement; S&P has best day this year

NEW YORK: U.S. stock averages posted their best day this year and the dollar strengthened on Wednesday after the Federal Reserve signaled America's economy was strong enough to handle interest rate hikes in 2015, though it emphasized that shifts in policy would be gradual.

18 December 2014 | 8:15AM |

Economy

Airbus reshuffle prepares planemaker for record jet output

PARIS: A management reshuffle at Airbus this week marks another step towards focusing Europe's biggest aerospace company on industrial performance rather than the political interests of key shareholders France and Germany, industry sources said.

18 December 2014 | 8:12AM |

Airlines

Fed confident on US growth, opens door wider to rate hike

WASHINGTON: The Federal Reserve on Wednesday offered a strong signal that it was on track to raise interest rates sometime next year, altering a pledge to keep rates near zero for a "considerable time" in a show of confidence in the U.S. economy.

18 December 2014 | 8:10AM |

Banking

RM100mil facility to refurbish tunnel boring machines

BIDOR: MMC Gamuda KVMRT (T) Sdn Bhd (MGKT) will spend about RM100mil to build a facility to refurbish its used tunnel boring machines (TBMs) in preparation for its next tunnelling job, said head of tunnelling Ng Hau Wei.

18 December 2014 | 12:00AM |

MMC-Gamuda

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