Business

Ekuinas stays in Icon

KUALA LUMPUR: Ekuiti Nasional Bhd (Ekuinas) has dismissed any notion of it wanting to exit Icon Offshore Bhd, an oil and gas (O&G) service provider that is under probe for alleged corrupt practices.

Figs during the budding stage.

Big on figs

Fig farmer Ridzuan Abdullah tells ZIEMAN he is on a mission to popularise figs and to show that Malaysia is the only country where you can grow it all year round.

Credit card can be a useful tool to the discerning user.

Not all debt is bad

SINCE the US subprime mortgage crisis of 2007–2008, we have had an influx of credit and debt related news such as the European sovereign debt crisis (often referred to as the eurozone crisis), the European Central Bank’s quantitative easing (QE) programme and, closer home, 1MDB.

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New Bank Negara quidelines seen weighing on earnings.

PETALING JAYA: The recent Bank Negara revised guidelines on restructured and rescheduled (R&R) loans could hit the asset quality of banks and impact its earnings this year amid the compression in net interest margins, slower loan growth and softer capital market activities in the banking sector.

4 May 2015 | 12:00AM |

Banking

Petronas completes asset acquisition

BAKU: Malaysia’s state-owned oil and gas (O&G) giant Petronas has completed its transaction for the acquisition of O&G related assets in Azerbaijan, following a sales and purchase agreement it signed with Norway-based Statoil in October last year.

4 May 2015 | 12:00AM |

Oil & Gas

HSBC's HQ rethink and Project Rainbow

LONDON: In 1990, an assessment called Project Rainbow paved the way for HSBC to move from Hong Kong to Britain. As Europe's biggest bank now considers moving back, the same exercise offers clues to its final decision, say industry sources and analysts.

3 May 2015 | 8:44PM |

Banking

Staying the course

Every day we receive messages from Malaysians of all walks-of-life. Many are hopeful of the work that goes into the National Transformation Programme (NTP). Others criticise and question our progress.

4 May 2015 | 12:00AM |

Corporate News

Petronas completes asset acquisition

BAKU: Malaysia’s state-owned oil and gas (O&G) giant Petronas has completed its transaction for the acquisition of O&G related assets in Azerbaijan, following a sales and purchase agreement it signed with Norway-based Statoil in October last year.

4 May 2015 | 12:00AM |

Oil & Gas

New Bank Negara quidelines seen weighing on earnings.

PETALING JAYA: The recent Bank Negara revised guidelines on restructured and rescheduled (R&R) loans could hit the asset quality of banks and impact its earnings this year amid the compression in net interest margins, slower loan growth and softer capital market activities in the banking sector.

4 May 2015 | 12:00AM |

Banking

Staying the course

Every day we receive messages from Malaysians of all walks-of-life. Many are hopeful of the work that goes into the National Transformation Programme (NTP). Others criticise and question our progress.

4 May 2015 | 12:00AM |

Corporate News

HSBC's HQ rethink and Project Rainbow

LONDON: In 1990, an assessment called Project Rainbow paved the way for HSBC to move from Hong Kong to Britain. As Europe's biggest bank now considers moving back, the same exercise offers clues to its final decision, say industry sources and analysts.

3 May 2015 | 8:44PM |

Banking

Payrolls to test second quarter climate for Fed

LONDON: Always top of the data pile, this week will be no exception for the U.S. jobs report with a first interest rate rise likely this year despite a dramatic slowdown in the first quarter.

3 May 2015 | 8:35PM |

Economy

ETP report’s effects yet to be felt

THE yearly report on the Economic Transformation Programme (ETP), with its various initiatives loaded with consultant-speak, is still a handful for some, especially when it comes to quickly summing up how much progress has been charted so far.

2 May 2015 | 12:00AM |

Corporate News

Chia: “We closed our facility in Sunnyvale simply because it was not meaningful anymore.”

Unisem scales down ops

WITH its US testing facility in Sunnyvale, California ceasing operations, semiconductor company Unisem (M) Bhd has gone a step further to enhance its efficiency and now supports its key markets – the United States and Europe – completely out of its facilities in the East Asia where cost is more competitive.

2 May 2015 | 12:00AM |

Corporate News

Complete Logistic banks on land logistics

Complete Logistic Services Bhd (CompLogis) will pump in the most capital and investments in its history into ‘land logistics’, a segment which it deems as a high growth area.

2 May 2015 | 12:00AM |

Property

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