Business

Reality bites

Petronas contribution to Treasury will reduce significantly this year and the next

On Feb 10, Apple’s stock market value touched US710.7bil, making it the most valuable US company ever. – AFP

Mere innovation is not enough

IT is dogma that innovation is key to raising worker productivity – the single most important determinant in driving economic growth and hence, living standards.

RHB Cap profit down 3.6%

RHB Capital Bhd (RHB Cap) saw its net profit fall 3.6% to RM486.19mil in the fourth quarter ended Dec 31, 2014, from RM504.52mil in the corresponding period in the preceding year.

  • previous
  • 1
  • 2
  • 3
  • next
  • Top Stories
  • Latest

Palm oil wrongly targeted

OIL PALM plantations have been unfairly implicated by non-government organisations as the primary driver of deforestation, but the crop takes up only 0.1% or 15.6 million ha worldwide.

28 February 2015 | 12:00AM |

Business

Berkshire Hathaway net profit falls

NEW YORK: Warren Buffett's Berkshire Hathaway Inc on Saturday said profit declined 17 percent in the fourth quarter from a year earlier, reflecting lower investment gains, though operating results improved.

28 February 2015 | 9:38PM |

Corporate News

Carlsberg profit up 16.2%

Carlsberg Brewery Malaysia Bhd posted a net profit of RM216.9mil for its financial year ended Dec 31, 2014, up 16.2% from RM186.6mil a year earlier.

28 February 2015 | 12:00AM |

Business

Asian Plantations palm oil mill in Incosetia estate.

FGV’s ills go beyond accounting standards

FELDA Global Ventures Holdings Bhd’s (FGV) worst enemy is turning out to be the new accounting standards, so say the top executives of the plantation giant that draws more attention for its political prowess than commercial interest.

28 February 2015 | 12:00AM |

fgv felda

India to introduce gold deposit accounts

NEW DELHI: India will introduce gold deposit accounts to utilise the 20,000 tonnes available within the country and launch a sovereign bond as an alternative to buying the metal, moves that are likely to cut imports into the biggest gold consumer.

28 February 2015 | 9:27PM |

Economy

Leonard: ‘We believe this deal will set the platform for CCMD going into 2018 onwards’.

Streamlining under CCMD

PHARMACEUTICAL manufacturer CCM Duopharma Biotech Bhd’s (CCMD) chief executive officer Leonard Ariff Abdul Shatar is a man on a mission as the group prepares to embark on an ambitious consolidation plan after it acquires six pharmaceutical units from its parent company.

28 February 2015 | 12:00AM |

Business

Singapore says no delay in RTS link to Malaysia decision

SINGAPORE: Singapore has refuted a claim that it has been delaying decision on alignment for the Rapid Transit System (RTS) link, saying it has yet to receive an official confirmation of the location of Malaysia’s RTS terminus in Johor Baru.

2 March 2015 | 12:00AM |

Stocks

AirAsia LCC model being studied by Germans

NEW YORK: AirAsia is among the airlines that Lufthansa hopes to model its planned low-cost carrier (LCC) after, as it seeks to expand into new regions and add destinations to an extensive network.

2 March 2015 | 12:00AM |

Airlines

Adex contracts 5% in Jan to RM1bil

PETALING JAYA: Cautious sentiment among advertisers saw advertising expenditure (adex) contracts 5.4% year-on-year in January to RM1.05bil from RM1.11bil in the previous corresponding period.

2 March 2015 | 12:00AM |

Advertising & Media

Herbalife cuts 36% of CEO salary over missed targets

BOSTON: Herbalife Ltd cut the pay of chief executive Michael Johnson 36% for 2014 after the nutrition and weight loss company failed to meet performance goals set for him and other top executives, according to a securities filing last Friday.

2 March 2015 | 12:00AM |

Stocks

China factory activity shrinks again in February

SHANGHAI: Hours after China's central bank cut interest rates to battle slowing growth and rising deflationary risk, an official survey showed that activity in China's factory sector contracted for a second straight month in February.

2 March 2015 | 12:00AM |

Economy

RGB poised to expand concession business

GEORGE TOWN: RGB International Bhd expects to increase the number of gaming machines it is supplying on a concession basis in the Asean region to over 7,000 this year from 6,300 in 2014.

2 March 2015 | 12:00AM |

Stocks

Cuscapi Bhd CEO Her Chor Siong

Cuscapi hopes to turn the corner this year

PETALING JAYA: Cuscapi Bhd, which provides IT systems for the food and beverage (F&B) industry, expects a profitable financial year that ends on Dec 31 (FY15), as it attempts to aggressively roll out its interactive tablet called Rev in the markets it has a presence in.

2 March 2015 | 12:00AM |

Stocks

Hong Leong Bank Bhd Group Managing Director Tan Kong Khoon

Hong Leong upbeat, unperturbed by plunge in non-interest income

PETALING JAYA: Hong Leong Bank Bhd (HLB) is unperturbed by the 29% plunge in its non-interest income in the first six months ended Dec 31, 2014. The fifth-largest bank by asset size is optimistic that its portion of the non-interest income will improve in the current year and position it for better earnings growth.

2 March 2015 | 12:00AM |

Banking

Malaysia can be Asian hub for easier access to funds by SMEs

PETALING JAYA: With the Securities Commission spearheading the move to regulate equity crowdfunding (ECF) platforms, Malaysia has the opportunity to become the micro investment financial centre in Asia by allowing small and medium enterprises (SMEs) and startups better access to funds for growth.

2 March 2015 | 12:00AM |

Stocks

Bina Darulaman sees good performance in 2015

KUALA LUMPUR: Bina Darulaman Bhd, Kedah’s only public-listed government-linked company, expects its core businesses to record a respectable performance for the financial year ending Dec 31, 2015 as it has sufficient land bank and projects in hand to provide sustainable revenue.

2 March 2015 | 12:00AM |

Stocks

  • Page 1 of 34

Go to page:

advertisement

GST Updates

advertisement

advertisement